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NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) — Greystone, a number one nationwide industrial actual property finance agency, introduced it ranks #1* based mostly on greenback quantity of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the company’s 2022 fiscal 12 months ending September 30, 2022. During this era, Greystone originated and obtained Firm Commitments for 177 multifamily and healthcare facility HUD-insured loans totaling $3.6 billion, representing 14.2% general market share – the most important of such FHA lenders and practically double the second-highest rating lender – for HUD-insured multifamily and healthcare loans.
Greystone ranked highest based mostly on greenback quantity for Firm Commitments issued below HUD’s multifamily MAP program with $2.88 billion in origination quantity for 131 multifamily properties, as effectively as HUD’s healthcare LEAN program, totaling $676 million in origination quantity for 46 healthcare properties, which embrace expert nursing and assisted dwelling amenities.
“I want to congratulate our incredible team for their hard work in reaching this achievement and thank our clients for their loyalty and trust over the years, as well as thank HUD for their tremendous partnership,” mentioned Nikhil Kanodia, head of Greystone’s FHA lending group. “Despite the headwinds facing the CRE sector today, we continue to see demand for HUD-insured financing products, and Greystone’s efforts to simplify and speed up the closing of this highly attractive debt financing, as well as adding a short-term bridge solution, has resulted in our consistent leadership position in the market.”
About Greystone
Greystone is a number one nationwide industrial actual property finance firm with a longtime fame as a pacesetter in multifamily and healthcare finance, having ranked as a high FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are provided by Greystone Servicing Company LLC, Greystone Funding Company LLC and/or different Greystone associates. For extra data, go to www.greystone.com.
*For HUD’s 2022 fiscal 12 months. Based upon mixed agency commitments of Greystone Funding Company LLC and Greystone Servicing Company LLC.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
[email protected]
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