Greystone, a real estate lending, investment and advisory company, today announced that Jerry Muir has joined as a Managing Director working with the Agency lending team. A 25-year veteran of Fannie Mae, Mr. Muir will focus on building out Greystone’s manufactured housing lending platform.

Mr. Muir most recently served as Director of Multifamily Credit/Underwriting at Fannie Mae, responsible for a 12-state Southeast Region, with a dual role in having developed and managed the manufactured housing community (MHC) lending platform at the GSE. Mr. Muir managed the MHC platform at Fannie for over 15 years, overseeing over $10 billion in financing for this asset class.  

Mr. Muir, who reports to Joe Mosley, Executive Vice President of Fannie Mae and Freddie Mac Lending, will work closely with the Origination Team to identify lending opportunities with owners of manufactured housing communities.  

“Jerry’s new role at Greystone is one that will elevate our capabilities in an asset class that’s seeing growing interest and activity,” said Mr. Mosley. “With Jerry’s credentials from over 25 years at Fannie Mae, his deep industry expertise and MHC industry knowledge gives Greystone an edge as we will boost this platform.” 

“After a long career at Fannie Mae, the role at Greystone provided a unique opportunity to work across a range of lending platforms that are relevant to manufactured housing,” said Mr. Muir. “Having worked with the Greystone team for decades, it was a natural fit to help build the MHC business with a best-in-class group.

Greystone, a real estate lending, investment and advisory company, announced Joseph Stepchuk has been named a Managing Director. Mr. Stepchuk joins from Fannie Mae, where he served as Director for the past 10 years overseeing $3 billion in annual multifamily loan production. At Greystone, he will support Greystone’s conventional business with Freddie Mac and Fannie Mae. Mr. Stepchuk will report directly to Joe Mosley, Executive Managing Director and head of Agency production, and will be based in the Philadelphia region.  

During his time at Fannie Mae, Mr. Stepchuk worked directly with borrowers and lenders nationwide, and managed the Student Housing loan product. Prior to Fannie Mae, Mr. Stepchuk served roles as both Senior Underwriter and Manager of Loan Servicing at GMAC Commercial Mortgage (now Berkadia).

Mr. Stepchuk stated, “I’m very excited to join Greystone and its Agency Production Team. My years of Agency experience are a great fit to help grow the business with new and existing clients. They are a strong team, whom I have known for many years, and I look forward to much success with Greystone.”

“Joe brings a wealth of experience to Greystone, from over a decade of loan production on the Agency side to underwriting, servicing and workouts, all of which are invaluable as we strive to maintain the most comprehensive understanding of property owners’ financing challenges,” said Mr. Mosley. “We are thrilled that Joe will help boost multifamily loan production at a time when demand is rapidly growing.”