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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, has provided an $18,220,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for the acquisition of a 139-unit multifamily property in Chicago, Illinois. The financing was originated by Clint Darby and Andrew Remenschneider of Greystone.
Originally constructed in 1927, Cornelia-Stratford in Cook County is a mid-rise apartment building featuring studio, one-, two-, three- and four-bedroom units. The property’s amenities include bike storage, laundry facilities and tenant lounge. The $18.2 million non-recourse, fixed-rate loan features a 15-year term with interest-only payments for the first five years of the term.
“We deeply appreciate it when clients return to Greystone based on their past experiences with us – there is no greater show of trust in our process and multifamily expertise,” said Mr. Darby. “Our careful and creative approach helps clients achieve their goals, and we leverage our extensive lending platform to bring them exceptional solutions quickly.”
Greystone, a leading national commercial real estate finance company, has provided a total of $21,503,000 in Fannie Mae Delegated Underwriting & Servicing (DUS®) loans to refinance two multifamily properties in New York City’s Harlem neighborhood. The financing was originated by Avi Kozlowski, a Managing Director at Greystone on behalf of Josef Goodman of Haussman Development.
Each of the non-recourse, fixed-rate loans in the portfolio carries a five-year term and 30-year amortization schedule, with interest-only payments for the first two years of the term. The portfolio includes:
· $11,379,000 for The Duke, a 28-unit midrise apartment building located at 521 W. 134th Street
· $10,124,000 for The Count, a 27-unit midrise apartment building located 168 W. 136th Street
“Clients trust Greystone to help them achieve their goals because we know the ins and outs of multifamily finance,” said Mr. Kozlowski. “Our careful and creative approach, coupled with our extensive lending platform, means that we can deliver exceptional solutions quickly and seamlessly for our clients.”
“No one is more knowledgeable about multifamily finance than Greystone – they have set the bar high when it comes to industry knowledge, product depth and of course, service,” said Mr. Josef Goodman, principal of the borrower. “We’re grateful for Greystone’s attention to detail and guidance throughout this process and look forward to working with our team in the future.”
Greystone, a leading national commercial real estate finance company, has provided an $18,620,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for the acquisition of a 204-unit multifamily property in Fort Worth, Texas. The financing was originated by John Williams, Managing Director at Greystone.
Constructed in 2003, The Residences of Diamond Hill in Tarrant County is a 40-building garden-style apartment community featuring two-, three- and four-bedroom apartments. More than half of the apartments are designated for low-income (below 60% area median income, or AMI) and extremely low-income (below 30% AMI) residents.
The property has land-use restriction agreements (LURAs) requiring limits on resident income and rent restrictions on 121 apartments. The $18.6 million Fannie Mae Multifamily Affordable Housing (MAH) acquisition loan carries a 10-year term and 35-year amortization, with interest-only payments for the first five years.
The property’s amenities include a fitness center, swimming pool, outdoor grill and picnic area, playground and an after-school program.
“Greystone is passionate about helping clients find the right financing to bring quality, affordable housing to working families in their communities,” said Mr. Williams. “We are deeply committed to being part of the solution for our nation’s affordable housing crisis and are proud that our multi-faceted and extensive multifamily lending platform equips us with the tools and resources to do so.”
Greystone, a leading national commercial real estate finance company, has provided a $74,576,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan to refinance a 672-unit multifamily property in Burleson, Texas. The financing was originated by Avi Kozlowski, a Managing Director at Greystone.
Constructed in 2023, Shannon Creek Apartments in Johnson County is a garden-style community with 24 buildings featuring one- and two-bedroom units. Property amenities include a clubhouse, fitness center, business center, game/media room, yoga room, resort-style swimming pool, barbeque area, dog park and care station, and sports courts. The $74.6 million non-recourse, fixed-rate financing is part of Fannie Mae’s Green Building Certification program and features a five-year term and 30-year amortization, with full-term interest-only payments.
“We leave no stone unturned when finding financing solutions that help our clients achieve their goals for their properties,” said Mr. Kozlowski. “We leverage our well-diversified lending platform and lean into our multifamily experience for every transaction, so every Greystone client can achieve exceptional outcomes.”