Greystone, a leading national commercial real estate finance company, has provided $55,000,000 in HUD-insured loans to refinance three affordable housing properties in Fort Worth and McKinney, Texas. The financing was originated by Miryam Reinitz-Kops, Vice President, and Jon Morales, Managing Director of Greystone on behalf of Atlantic Housing Foundation, Inc. (AHF)
The three properties total 622 units: Quail Ridge (296 units), Silver Leaf (176 units), and Redbud (150 units), and offer amenities including community centers, playgrounds, and on-site laundry facilities. The HUD-insured financing enables long-term preservation and continued affordability for all three properties.
"These transactions reflect Atlantic Housing Foundation’s ongoing commitment to the long-term preservation of affordable housing in Texas,” said Michael Nguyen, President & CEO, AHF. “Through this vehicle, AHF was able to revitalize and invest back into the assets as part of AHF’s greater mission to extend the useful life of much-needed housing in the region.”
“Greystone has been a wonderful partner to work with. They have a great understanding of our mission to transform lives and communities through quality affordable housing. Greystone worked to accommodate our needs and deliver cost-effective financing that will enable us to reinvest back into our communities,” said Tim Cone, Director of Development, AHF.
“AHF is deeply invested in the success and future of its residents,” said Ms. Reinitz-Kops. “Programs like 'Good Grades' offer rent incentives for families whose school-aged children achieve high marks and perfect attendance, reinforcing their belief in the power of education and community-building.”
“It is truly gratifying to help clients such as AHF to succeed and grow by optimizing their portfolios,” added Mr. Morales.
Greystone, a leading national commercial real estate finance company, has provided a $26,000,000 Bridge loan for the acquisition of a skilled nursing facility in California. The financing was originated by Christopher Clare and Ben Rubin of Greystone.
The Greystone Bridge loan includes a 15-month term with a 12-month extension option at a floating rate and is full-term interest-only. Greystone intends to lead the borrower through a permanent financing solution with a HUD-insured loan.
“We are thrilled to have helped the sponsor acquire this beautiful new asset and look forward to ushering them through the FHA loan process, which provides longer terms and lower rates than other permanent debt options in today’s market,” said Mr. Rubin. “As the #1 HUD healthcare lender*, Greystone’s lending expertise and market knowledge are essential resources for sponsors looking to grow and optimize their portfolios.”
Greystone, a leading national commercial real estate finance company, has provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Illinois. The financing was originated by Greystone Senior Managing Directors Eric Rosenstock and Dan Sacks, on behalf of Bayshore Properties, a long-time Greystone client.
Built in 1968, Terraces of Elk Grove in Cook County is a garden-style community consisting of nine apartment buildings, including a clubhouse, with one- and two-bedroom units. The $58,605,000 non-recourse, fixed rate financing—which refinances an existing Greystone bridge loan on the property—features a 10-year term and 35-year amortization, with five years of interest-only payments. In accordance with Freddie Mac’s Preservation program, 30% of the units are designated for households earning under 80% of Area Median Income (AMI).
“Greystone is committed to facilitating transactions that enable multifamily investors to provide quality, affordable housing to families in and around Chicago,” said Mr. Sacks. “Our wide range of lending platforms means that we have the right solutions for most any property finance need.”
“We’re big fans of Greystone because of their extensive experience in multifamily lending and deep understanding of affordable housing in particular,” said Mr. Nikola Kozul, principal of the borrower. “On every transaction, Greystone exceeds our expectations with financing solutions that work to the benefit of the families who call our properties ‘home’.”
Greystone, a leading national commercial real estate finance company, announced today that Corley Audorff and Josh Williams have joined the firm as Directors. Both based in Atlanta, GA, Mr. Audorff and Mr. Williams will focus on loan originations for multifamily and seniors housing / healthcare assets, reporting to Field Springer, Chief Operating Officer of Greystone’s FHA Lending platform.
Mr. Audorff brings over 15 years of experience in real estate finance, most recently serving as a Senior Vice President of Production at Colliers Mortgage from 2022 to 2025, where he focused on HUD/FHA, Fannie Mae, USDA and proprietary lending financing solutions for clients. Prior to his role at Colliers, Mr. Audorff served as a Vice President at PGIM Real Estate, where he specialized in HUD financing, and has also spent time as a Managing Director at Monticello Asset Management. Prior to his work in the private sector, Mr. Audorff served approximately seven years in various roles at the U.S. Department of Housing and Urban Development, including Senior Underwriter.
Mr. Williams also joins from Colliers Mortgage, where he was a Vice President from 2022 to 2025. He previously served as a Senior Associate Loan Officer at PGIM Real Estate and as an Underwriter and Production Associate at Monticello Asset Management. His expertise spans multifamily and healthcare sectors, with a strong background in FHA-insured loan products.
“I’m thrilled to join Greystone, the #1 multifamily and healthcare HUD lender*, and work to continue our success together as a team, in multifamily and healthcare finance,” said Mr. Audorff. “The company’s depth of resources, integrated lending platform, and client-focused culture create an environment where I can contribute meaningfully to impactful transactions in the seniors housing and multifamily sectors.”
“Both Corley and Josh’s combined depth of experience across the private and public sectors in multifamily and healthcare financing makes them an invaluable addition to our lending team,” said Mr. Springer. “Together, they strengthen our reach and capabilities in key asset classes and geographies.”
Greystone, a leading national commercial real estate finance company, was recognized as the Commercial/Multifamily Educator of the Year by the Mortgage Bankers Association (MBA). The award was announced this week at MBA’s annual Commercial/Multifamily Finance Servicing and Technology Conference, taking place in Hollywood, Florida.
The Educator of the Year Award recognizes MBA commercial/multifamily member companies that exemplify a commitment to learning and development. Award nominees are evaluated on three key areas: the organization’s culture of, and commitment to, learning and professional development; its curriculum of training programs tied to helping employees to achieve job-relevant accreditations and enhance career development; and its focus on outcomes-based learning programs that are innovative and holistic in their support of employee career growth and leadership development.
“Greystone exemplifies what it means to prioritize people and professional development in the commercial/multifamily space,” said David Upbin, MBA Vice President, Education and Strategy. “Their holistic approach to education and emphasis on continuous learning create lasting value—not only for their employees, but for the broader real estate finance industry. We’re proud to recognize Greystone as this year’s Commercial/Multifamily Educator of the Year.”
“Greystone is thrilled to be recognized for our ingrained culture of learning, professional development and support,” said Ms. Pranika Uppal, Greystone’s Managing Director of Organizational Development & Culture. “At its foundation, Greystone is a place ’Where People Matter’ and we intentionally strive to show this to our employees through programs that cultivate talent at all levels across our organization.”
Greystone, a leading national commercial real estate finance company, today announced the closing on May 21, 2025 of Greystone CRE Notes 2025-FL4, LLC, a $901.3 million Commercial Real Estate Collateralized Loan Obligation (CRE CLO) backed by bridge loans on multifamily properties.
Greystone CRE Notes 2025-FL4, LLC marks the firm’s seventh overall CRE CLO and its largest CLO to date. The collateral pool for Greystone CRE Notes 2025-FL4 comprises 13 whole loans and 15 loan participations, totaling $901.3 million, secured by 28 multifamily properties in 16 states. Made up of solely multifamily assets, the largest concentrations of the collateral pool are located in Georgia (13.5%), New Jersey (11.6%), Texas (10.5%), North Carolina (10.1%), Idaho (6.4%), Maryland (6.4%), and Pennsylvania (6.4%). This actively managed CRE CLO has a 3-year reinvestment period.
“Amid market fluctuations over the last several months, Greystone has stayed the course in our commitment to providing financing for quality assets, which is evident by the strong interest from bond investors,” said Ross Gusler, Head of Corporate Finance and Capital Markets at Greystone. “Greystone continues to invest in its growing bridge lending platform across both the multifamily and healthcare sectors, and we are thrilled with the recent addition of Richard Dugoff as Head of Bridge Lending to lead this path.”
To date, Greystone’s Bridge-to-Agency (including Fannie Mae, Freddie Mac, and HUD) lending platform has provided $15 billion in short-term bridge loans across the multifamily and healthcare sectors. As the #1 provider of HUD loans for commercial properties* and a top 10 Fannie Mae and Freddie Mac multifamily lender, Greystone’s active participation in the broader commercial mortgage market extends beyond providing debt to include sales advisory services, CRE asset management, and ownership/operational activities.
Wells Fargo Securities LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, ATLAS SP Securities, Natixis Securities Americas LLC, and UBS Securities LLC served as lead managers of Greystone CRE Notes 2025-FL4. Capital One Securities served as a co-manager.
This press release is for informational purposes only. It shall not constitute an offer to sell or a solicitation of an offer to buy any securities.
