Greystone Ranked # 1 Commercial Lender For HUD 2021
Greystone Volume FY2021 for Multi-Family Loan and Healthcare Companies
Commitments total $ 4.43 billion, ranking # 1 with 27% year-over-year growth
NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) – Greystone, a leading national commercial real estate finance company, has announced it ranks # 1 based on dollar volume of firm commitments multi-family and healthcare issued by the US Department of Housing and Urban Development (HUD) for the agency’s 2021 fiscal year ending September 30, 2021. During this period, Greystone initiated and secured firm commitments for 243 HUD-insured loans totaling $ 4.43 billion, representing 12.61% overall market share – the largest of all commercial lenders – for HUD-insured multi-family and healthcare loans.
Greystone ranked # 1 in dollar volume for firm commitments issued under HUD’s MAP program with an origination volume of $ 3.39 billion for 160 multi-family properties, as well as the LEAN program. of HUD, totaling $ 1.04 billion in origination volume for 83 healthcare facilities, which include skilled and assisted nursing. living equipment. In total, Greystone’s HUD production represents a 27% year-over-year increase, meaning the company’s best execution is setting an example for the industry.
âDespite the many challenges homeowners have faced over the past year with an ongoing pandemic, interest rates have remained historically low, providing an opportunity to refinance long term and potentially extract capital for qu ‘a borrower reinvests in its assets,’ Nikhil said. Kanodia, Head of Greystone’s FHA Loan Group. âThese two strategies are ideal for a financing solution provided by HUD, which offers the longest loan terms and the lowest rates in the market. With time constraints, Greystone’s bridging loan platform responds perfectly to this capital need. We are only focused on helping our clients achieve their goals and look forward to continuing our partnership with HUD.
Greystone is a leading national commercial real estate finance company with an established reputation as a leader in multi-family and healthcare finance, having ranked among the top lenders by FHA, Fannie Mae and Freddie Mac in these industries. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and / or other companies affiliated with Greystone. For more information, visit www.greystone.com.