Brown to Focus on Multifamily Financing Solutions in the Midwest
Greystone, a leading national commercial real estate finance company, announced that Jason Brown has joined the firm as a Managing Director. Based in the Indianapolis market, Mr. Brown will focus on providing multifamily financing solutions across Greystone’s broad range of debt platforms, including Fannie Mae, Freddie Mac, HUD/FHA, bridge, and CMBS, and debt & equity placement services.
Prior to joining Greystone, Mr. Brown was a Managing Director at Berkadia in Indianapolis where he originated over $1 billion in loans during his four year tenure. Previously, he also served as a Senior Vice President at CBRE Capital Markets, where he worked for 13 years and orchestrated complex deals spanning the Agencies, insurance, debt funds, and bank financing. Mr. Brown served previous roles at iCap Realty Advisors and Fifth Third Bank, both in Detroit.
“Jason’s Midwest roots will enable Greystone to expand its presence in a region poised for rent growth and overall multifamily demand in 2025,” said Mr. Vince Mejia, Senior Vice President, Agency production at Greystone, and to whom Mr. Brown reports. “With more than 25 years of industry experience and client relationships under his belt, Jason is sure to be an asset to Greystone’s top-ranked lending platform.”
Greystone ranks in the Top 10 for total production volume of both Fannie Mae and Freddie Mac loans in 2024, based on recently-released public data on 2024 lending volume. Greystone also ranks as the #1* multifamily and healthcare lender in volume for HUD-insured loans during its fiscal year ending September 30, 2024.
Greystone, a leading national commercial real estate finance company, has provided a $20,777,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan to refinance a 206-unit multifamily property in Allentown, Pennsylvania. The financing was originated by Avi Lifshitz and Aviel Hematian of Greystone on behalf of Pankaj Sharma of S&S Properties.
Wynnewood Greens, built in 1975, comprises 18 low-rise, three-story buildings. The community includes 1-, 2-, and 3-bedroom units, 271 parking spaces, and was originally acquired by the sponsor in 2008. The property’s amenities include balconies and patios, picnic areas, and laundry facilities. The non-recourse Fannie Mae financing is a seven-year fixed-rate loan with full-term interest-only.
“Greystone strives to help our clients find the best solutions for their capital needs,” said Mr. Lifshitz. “We’re committed to helping them navigate today’s market and unlock equity from their assets to enable growth in their property portfolios.”
Firm Achieves Ranking of #6 Overall Lender by Volume for Fannie Mae, #8 Overall for Freddie Mac; Ranks #1 for Fannie Mae Small Loans Volume in 2024 and 7th Overall for Both GSEs Combined
Greystone Servicing Company LLC, a leading national commercial real estate finance company, announced it ranks in the Top 10 for total production volume of both Fannie Mae and Freddie Mac loans in 2024. Greystone ranks as the #6 lender for Fannie Mae Delegated Underwriting and Servicing (DUS®) loans and as the #8 lender for Freddie Mac Optigo® loans. In total, Greystone ranks as the #7 overall lender for combined Fannie Mae and Freddie Mac loan volume for this period. The rankings are based on recently-released public data on 2024 lending volume from Fannie Mae and Freddie Mac.
In 2024, Greystone once again ranked #1 for volume for all lenders in Fannie Mae Small Loans, illustrating its commitment to middle-market and workforce housing markets nationwide.
“Greystone is committed to helping Fannie Mae and Freddie Mac achieve their mission-driven housing goals – in any market environment – and we celebrate the work they’ve done to date to help support affordable, seniors, and workforce housing nationally,” said Charlie Baxter, head of Agency lending at Greystone. “We are thrilled to be a consistent top lender, and this achievement is a testament to our close working relationship with the GSEs as we navigate the market together.”
Greystone also ranks as the #1* multifamily and healthcare lender in volume for HUD-insured loans during its fiscal year ending September 30, 2024.
*For HUD’s 2024 fiscal year. Based upon combined firm commitments of Greystone Funding Company LLC and Greystone Servicing Company LLC.
Greystone, a leading national commercial real estate finance company, has provided a $11,749,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan to refinance a 61-unit multifamily property in Amityville, New York. The financing was originated by Jesse Yodice, Director at Greystone.
Originally constructed in 2013, Wellington Park Villas in Suffolk County, Long Island, is a townhome-style apartment community featuring two-bedroom units set across five residential buildings. The property’s amenities include a fitness center, lounge, laundry facilities, sundeck and onsite parking. The $11,749,000 non-recourse, fixed-rate loan features a five-year term and 30-year amortization, with interest-only payments for the first two years of the term.
“Greystone’s multifamily experience, coupled with our careful and creative approach, helps clients achieve their goals quickly and seamlessly,” said Mr. Yodice. “We’re committed to serving clients well by leveraging our deep lending platform to bring them exceptional solutions in any market.”
Greystone, a leading national commercial real estate finance company, announced it has named new co-Chief Operating Officers, Chip Hudson and Greg Lyss. Mr. Hudson previously served as CEO of Greystone’s Agency lending platform, and Mr. Lyss as Chief Investment Officer at Greystone. Together, they will oversee Greystone’s operating businesses, including its industry-leading lending, servicing and asset management platforms, in addition to the firm’s award-winning, innovation-driven technology operation.
Charlie Baxter, a 20-veteran of the firm previously serving as both Chief Operating Officer and Chief Credit Officer of Greystone’s Agency lending platform, has assumed the role of CEO for Greystone’s Agency lending platform, a critical touchpoint for the firm’s continued and successful collaboration with Fannie Mae and Freddie Mac. Greystone is currently the #3 overall multifamily lender for Fannie Mae and #6 overall multifamily lender for Freddie Mac, by loan volume, and maintains top 5 rankings for affordable housing, seniors housing, and small loan volume with both GSEs.
“Having such a dynamic and diversified business, Greystone will be positioned for long-term success by elevating both Chip and Greg to the COO position, working alongside me to guide the firm into our next phase of growth,” said Mr. Steve Rosenberg, founder and Chief Executive Officer of Greystone. “No doubt, we have seen some market changes in CRE over the last few years, but the one constant is Greystone’s unwavering commitment to making an impact on others with our efforts, and ensuring we continue to honor the legacy of our founding and former COO, the late Curt Pollock.”
Greystone, a leading national commercial real estate finance company, announced it has arranged a $33.7 million debt placement to refinance a portfolio of seniors communities in the Pacific Northwest. The transaction was sourced by David Young, a Managing Director at Greystone on behalf of a regional owner of affordable-focused senior housing communities.
There were four properties total across two states. Each community has a specific Medicaid contract with the state serving assisted living and memory care residents. The financing was provided by a debt fund meeting the borrower’s expectations on proceeds.
“With recent Medicaid rate increases and capital expenditures completed on the communities, we were seeking to maximize proceeds for this debt request. We sourced a fitting lender after an extensive process working with banks, credit unions and unlevered, A/B tranched, and back-levered debt funds,” said Mr. Young. “Greystone works to exceed our clients’ expectations and deliver solutions that can solve unique challenges.”
