{"id":4432,"date":"2021-11-07T01:56:15","date_gmt":"2021-11-07T06:56:15","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-ranks-as-1-commercial-lender-for-huds-2021-fiscal-year\/4432\/"},"modified":"2021-11-07T19:56:15","modified_gmt":"2021-11-08T01:56:15","slug":"greystone-ranks-as-1-commercial-lender-for-huds-2021-fiscal-year","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-ranks-as-1-commercial-lender-for-huds-2021-fiscal-year\/4432\/","title":{"rendered":"Greystone Ranks as #1 Commercial Lender for HUD\u2019s 2021 Fiscal Year"},"content":{"rendered":"<div> Department of Housing and Urban Development (HUD) for the agency\u2019s 2021 fiscal year ending September 30, 2021. During this period, Greystone originated and obtained Firm Commitments for 243 HUD-insured loans totaling $4.43 billion, representing 12.61% overall market share \u2013 the largest of all commercial lenders \u2013 for HUD-insured multifamily and healthcare loans.  <\/p>\n<p>Greystone ranked highest based on dollar volume for Firm Commitments issued under HUD\u2019s MAP program with $3.39 billion in origination volume for 160 multifamily properties, as well as HUD\u2019s LEAN program, totaling $1.04 billion in origination volume for 83 healthcare properties, which include skilled nursing and assisted living facilities. In total, Greystone\u2019s HUD production represents a 27% increase year-over-year, signifying that the firm\u2019s best-in-class execution sets an example for the industry.<\/p>\n<p>\u201cDespite the many challenges that property owners faced in the last year with a continuing pandemic, interest rates remained historically low, presenting an opportunity to refinance for the long term and potentially extract capital for a borrower to invest back into their assets,\u201d said Nikhil Kanodia, head of Greystone\u2019s FHA lending group. \u201cThese two strategies are a great fit for a HUD-insured financing solution, which provides the longest loan terms and lowest rates in the market. With time constraints, Greystone\u2019s bridge lending platform seamlessly fills that capital need. We are solely focused on helping our clients reach their goals and look forward to continued partnership with HUD.\u201d<\/p>\n<p><strong>About Greystone<\/strong><br \/>Greystone is a leading national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and\/or other Greystone affiliates. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qHjhTuVscqTeT4kTXU3tXNXgZXghmjFHQVs233taNasTh2KcJwGv06Wt79i58FC7wRVO56YQJRjtoi0RoQJXVQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nWSsqRp0rOG_ySKws7HZK0Cot1vEgOEn6yCpSVnOOJkJTDmh-f-x65bjIoNZIrQtIuo30UsUMB7CDBZWmbspIXafPXW0atg7vGni1gvd5ws=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/ZjU0YzRiNTEtNzg5ZC00ZTE5LWIxNmEtYWQzZWE0MjU3OWY5LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"center\">Greystone\u2019s FY2021 Volume for Multifamily and Healthcare Loan FirmCommitments Totals $4.43 Billion, Ranking #1 with 27% Year-Over-Year Growth<\/p>\n<p>NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4432"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=4432"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4432\/revisions"}],"predecessor-version":[{"id":4447,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4432\/revisions\/4447"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}