NEW YORK, May 02, 2022 (GLOBE NEWSWIRE) — Greystone, one of the nation’s leading commercial real estate finance companies, announced that it ranks #1 based on dollar volume of commercial real estate commitments. multifamily and health care business issued by the U.S. Department of Housing and Urban Development (HUD) for the first half of the agency’s 2022 fiscal year, October 1, 2021 through March 31, 2022. During this period, Greystone originated and secured firm commitments for 89 HUD-insured loans totaling $1.7 billion, representing an overall increase of 13.2% in market share – the largest of any commercial lender – for multi-family and healthcare insured by HUD.
Greystone also ranked first based on dollar volume of firm commitments issued under HUD’s MAP program with an original volume of $1.4 billion for 66 multi-family properties, as well as the program HUD’s LEAN, totaling $345 million in original volume for 23 healthcare properties, which include skilled nursing and assisted living facilities.
“While the post-pandemic recovery continues slowly for healthcare and multi-family homeowners, we are now navigating a rising rate environment, adding further complexity to the financing landscape,” said Nikhil Kanodia, Group Head. FHA loan from Greystone. “That said, a HUD-insured loan remains the lowest-rate, longest-term financing solution that has many benefits for real estate investors. As the premier provider of this financing for many consecutive years, Greystone is equipped to help homeowners achieve this end result for long-term success, whether directly to HUD or through our seamless bridge loan solution.
Greystone is a leading national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare financing, having been ranked among the top FHA, Fannie Mae and Freddie Mac lenders in these sectors. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.
*Based on combined arrangements for HUD’s fiscal year 2021 by Greystone Servicing Company LLC and Greystone Funding Company LLC.