{"id":489,"date":"2020-10-14T13:01:12","date_gmt":"2020-10-14T18:01:12","guid":{"rendered":"https:\/\/1reason.com\/re\/amid-ongoing-pandemic-greystone-achieves-small-loan-milestones-with-freddie-mac-and-fannie-mae-to-support-workforce-housing-in-america\/489\/"},"modified":"2020-10-15T08:01:12","modified_gmt":"2020-10-15T13:01:12","slug":"amid-ongoing-pandemic-greystone-achieves-small-loan-milestones-with-freddie-mac-and-fannie-mae-to-support-workforce-housing-in-america","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/amid-ongoing-pandemic-greystone-achieves-small-loan-milestones-with-freddie-mac-and-fannie-mae-to-support-workforce-housing-in-america\/489\/","title":{"rendered":"Amid Ongoing Pandemic, Greystone Achieves Small Loan Milestones with Freddie Mac and Fannie Mae to Support Workforce Housing in America"},"content":{"rendered":"
16, 2020 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, announced it has reached two significant milestones in small loan production, including exceeding $1 billion in combined Freddie Mac and Fannie Mae multifamily small loans origination year-to-date in 2020. A participant with both GSE small loan programs since inception, Greystone Servicing Company LLC is one of the first Optigo\u00ae lenders to exceed $5 billion in origination for Freddie Mac\u2019s Small Balance Loan platform since their program launched in 2014. <\/p>\n

\u201cThe market challenges that arose this year during the pandemic particularly impacted the workforce housing market, but Greystone has remained steady as a source for Agency financing throughout it all, especially as interest rates continue to remain low,\u201d said Rick Wolf, head of Greystone\u2019s small loan platform. \u201cWe value our partnerships with Freddie Mac and Fannie Mae and their critical role in helping to finance the workforce housing market, which supports critically-needed affordable rental housing in all markets around the nation.\u201d<\/p>\n

Loans offered for the small loan asset class, which typically include properties between 5 and 50 units, range from approximately $1 million to $6 million (up to $7.5 million for Freddie Mac). The mortgages include hybrid adjustable rates, fixed rates, and interest-only options at up to 80% LTV, as well as flexible step down prepayment options. Interest-only financing is available on a case-by-case basis.<\/p>\n

\u201cWe congratulate Greystone on achieving a tremendous milestone – being one of the first Optigo Small Balance lenders to surpass the $5 billion mark,\u201d said Megan McElgunn, Senior Director of SBL production for Freddie Mac. \u201cSince 2014, Greystone has been a key partner contributing to the success of our SBL platform, and we look forward to our continued work together in providing financing to this critical segment of the multifamily market.\u201d<\/p>\n

\u201cGreystone continues to be a vital contributor to Fannie Mae\u2019s small loans lending platform. Their dedication and experience in this important segment of housing has been crucial and we are grateful for their partnership in providing liquidity for workforce housing,\u201d said Ann Atkinson, Senior Director, MF Customer Engagement, Fannie Mae. \u201cWith partners such as Greystone, we provide reliable and sustainable financing solutions for small loans nationwide. Today, more than ever, people need access to safe, decent, affordable housing; Greystone and Fannie Mae are here to fulfill that need through this difficult time.\u201d<\/p>\n

About Greystone<\/strong>
Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare lending, having ranked as a top FHA, Freddie Mac, and Fannie Mae 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\u202fwww.greystone.com<\/a>. <\/p>\n

PRESS CONTACT:<\/strong>
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com<\/a><\/p>\n<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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Greystone Exceeds $1 Billion in Total Small Loan Originations with Freddie Mac and Fannie Mae Combined Year-to-Date; Reaches Lifetime Origination Total for Freddie Mac SBL Loans of Over $5 Billion<\/p>\n

NEW YORK, Sept.<\/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\/489"}],"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=489"}],"version-history":[{"count":0,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/489\/revisions"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}