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.”

 

Greystone, a leading national commercial real estate finance company, has provided a $21,000,000 bridge loan for a multifamily property in West Valley City, Utah. The financing was originated by Lorie Hanson, Managing Director at Greystone, on behalf of Rich Day Group (RDG).

Recently constructed and located just outside of Salt Lake City, Erin Hills Estates is a 61-unit luxury townhome-style rental community. The pet-friendly property’s amenities include a park and future pickle ball courts, with meticulous landscaping and sweeping views of the Wasatch Front.

“It was a pleasure to help our client really bring Erin Hills to completion for lease-up and stabilization with this bridge loan,” said Ms. Hanson. “We are dedicated to delivering outstanding results for our clients, providing seamless and swift solutions with excellence every time.”

“The success of Erin Hills is a direct result of Greystone’s participation and guidance on this transaction,” said Rich Day of RDG. 

 

Greystone and Cushman & Wakefield jointly announced they provided acquisition financing for, and arranged the sale of, respectively, Aventine, previously known as Ardmore at Bryton, a 288-unit multifamily property in the Charlotte suburb of Huntersville, North Carolina.

The multifamily property was sold by Ardmore Residential, Inc. to buyer Claremont Companies, a family office based in Massachusetts. Aventine becomes Claremont’s second acquisition in the Charlotte MSA in the past 12 months, adding to its most recent acquisition of Giddy Hall, a 171-unit property located in the Steele Creek submarket, which closed in December of 2023. The acquisition of Aventine helps contribute to the recently initiated diversification strategy of Claremont’s portfolio to strengthen the firm’s overall portfolio of assets, with Charlotte playing a key contributing role. Claremont now owns nearly 460 total units in the Charlotte MSA and plans to continue growing its portfolio in the market in the years ahead.

Cushman & Wakefield’s Alex McDermott, Louis Smart, Paul Marley, John Phoenix, Richard Montana, and Jacquelyn Aaron represented the seller in the $72,950,000 million transaction. Alex Basile, an Executive Director at both Greystone and Cushman & Wakefield, along with Michael Zelin and Drew Barnette of Cushman Wakefield’s Equity, Debt and Structured Finance team originated a $41.4 million Freddie Mac loan to finance the acquisition.

Aventine is an attractive newly built community that is well-positioned in the Huntersville market and has benefited from an incredibly strong lease-up. Huntersville and the other northern Charlotte suburbs have become the darlings of the real estate investment community due to their strong school systems and resident demographics, exceptional connectivity via our interstate system, and high barriers to entry to new development. Our team looks forward to seeing this asset continue to thrive under the new ownership. Congratulations to all parties involved,” said McDermott, Executive Managing Director at Cushman & Wakefield.

Aventine is located at 13035 Ardmore Forest Rd. and features outsized floor plans along with an elite fitness center, car care center, clubhouse with a resident lounge, complimentary Starbucks bar, pet spa and park, and a resort-style swimming pool. The multifamily community also benefits from its positioning within Huntersville, which is one of Charlotte’ most sought-after pockets for real estate investment, and is strategically located alongside the I-485 and I-77 interchange and only 15 minutes from job hubs in Uptown and University City.

"Aventine represents an exceptional investment opportunity in a market characterized by strong demand and limited supply, and we are thrilled to have provided the best financing solution for the buyer," said Alex Basile, Executive Director at both Greystone and Cushman & Wakefield. "This transaction showcases the strength of our integrated platform, seamlessly aligning financing and investment sales to deliver outstanding results for our clients. We’re proud to have been part of this collaboration and look forward to seeing the continued success of this property under its new ownership.”

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 100-person investment sales team covering 15 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2024, the group has closed $4.3 billion in sales volume through 151 deals and 25,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit https://multifamily.cushwake.com.

 

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