NEW YORK, NY - Greystone, a leading national provider of multifamily and healthcare mortgage loans, announced that it has been approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide.
“Our experience working with FHA, Fannie Mae and Freddie Mac, and our expertise in the multifamily and healthcare lending business allow us to provide our clients across the United States with innovative solutions that fit their individual needs.”
As a Seniors Housing Seller/Servicer, Greystone is one of a select number of firms approved to sell and service Freddie Mac loans for independent living, assisted living, memory care and rental continuing care properties located throughout the United States. The designation will allow Greystone to better meet the financing needs of the rapidly growing senior sector. To be considered for the designation, lenders are evaluated by Freddie Mac based on a number of qualifications, including GSE loan origination and underwriting experience for seniors housing properties, staff experience in the seniors housing market and track record of seniors housing loan performance.
Greystone has worked with Government Sponsored Enterprises for more than 20 years, providing financing that is individually-tailored to meet the needs of borrowers across the country. In addition to the new Seniors Housing Seller/Servicer designation, Greystone is also a Freddie Mac Targeted Affordable Housing Seller/Servicer, allowing the firm to originate, underwrite and close affordable housing loans on behalf of Freddie Mac. “Freddie Mac's capabilities and specialized team of Seniors Housing experts have already added value to one of our long term clients and we are excited to bring Freddie Mac to all our clients going forward,” said Scott Kavel, Managing Director for Greystone’s senior housing lending business.
“Being a distinguished Freddie Mac lender is a testament to the great support and services Greystone provides borrowers in the senior housing market,” said Joe Mosley, Executive Managing Director of Fannie Mae and Freddie Mac lending. “Our experience working with FHA, Fannie Mae and Freddie Mac, and our expertise in the multifamily and healthcare lending business allow us to provide our clients across the United States with innovative solutions that fit their individual needs.”
The designation builds upon Greystone’s multiyear expertise as a mortgage lender. Greystone’s multifamily and healthcare lending team closed more than $3.4 billion in financing in 2012 across the United States, working with FHA, Fannie Mae and Freddie Mac.
Greystone is a financial services and private investment group whose original core business is multifamily real estate lending. Over the years, Greystone has added business lines that are related to, and natural extensions of, its core business. Headquartered in New York with a presence in 35 states and 17 offices, Greystone is active in four major business segments: Multifamily Mortgage Finance, Proprietary Investment, Healthcare and Real Estate.