Source: Greystone / #Multifamily #Finance
NEW YORK, NY - Greystone, a leading national provider of multifamily and healthcare mortgage loans, announced it has retained its position as the leading FHA Multifamily Loan Originator, based on loan volume, according to recently released data by the US Department of Housing and Urban Development (HUD).
Greystone originated more than $1.46 billion across 141 FHA loans for the first eight months of HUD’s fiscal year (October – May), with an additional $725 million committed and in closing. The position echoes a successful 2012 in which Greystone emerged as the leading FHA multifamily lender in the nation.
“The ongoing success of Greystone’s FHA program is a testament to the dedication, commitment and creativity of the talented individuals within our organization,” said Betsy Vartanian, who leads Greystone’s FHA business. “Our strong relationship with FHA and in-depth knowledge of the underwriting guidelines allow us to properly manage our clients’ expectations and provide predictable outcomes. The FHA process is longer and it can be concerning to a client not knowing if the loan will close. We are dedicated to providing a reliable execution and are excited to continue to expand nationwide.”
Greystone’s multifamily and healthcare mortgage lending group consists of more than 200 individuals located in offices throughout the United States.
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.