{"id":861,"date":"2020-11-11T13:01:31","date_gmt":"2020-11-11T19:01:31","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-reaffirms-position-as-top-commercial-lender-for-hud-insured-loans\/861\/"},"modified":"2020-11-12T07:01:31","modified_gmt":"2020-11-12T13:01:31","slug":"greystone-reaffirms-position-as-top-commercial-lender-for-hud-insured-loans","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-reaffirms-position-as-top-commercial-lender-for-hud-insured-loans\/861\/","title":{"rendered":"Greystone Reaffirms Position as Top Commercial Lender for HUD-Insured Loans"},"content":{"rendered":"
Department of Housing and Urban Development (HUD) for the agency\u2019s 2020 fiscal year ending September 30, 2020. During this period, Greystone originated and obtained Firm Commitments for 191 HUD-insured loans totaling $3.48 billion, representing 14% overall market share \u2013 the largest of all commercial lenders \u2013 for HUD-insured multifamily and healthcare loans. <\/p>\n

Greystone ranked highest based on dollar volume for Firm Commitments issued under HUD\u2019s MAP program with $2.4 billion in origination volume for multifamily properties, as well as HUD\u2019s LEAN program, totaling $1.1 billion in origination volume for healthcare properties, which include skilled nursing and assisted living facilities. In healthcare finance, Greystone\u2019s HUD loan volume for this period represents 26% market share of all lenders.<\/p>\n

Both HUD\u2019s and Greystone\u2019s overall lending volume increased dramatically over the past year. HUD\u2019s firm commitment volume for multifamily and healthcare in FY2020 increased approximately 58% over FY2019 while Greystone\u2019s overall lending volume for multifamily and healthcare properties increased nearly 120% during the same period.<\/p>\n

The growth in HUD\u2019s production volume and Greystone\u2019s consistent success in leading the industry for HUD-insured lending can be attributed to a number of external and internal factors. With interest rates sustained at some of the lowest levels in history, Greystone has continued to focus on customer service and the highest-level execution for its clients.<\/p>\n

\u201cThe demand for HUD-insured loans has been incredible this past year, and our team has stepped up to deliver to clients the best execution for this highly attractive financing option across the multifamily and healthcare sectors,\u201d said Nikhil Kanodia, head of Greystone\u2019s FHA lending group. \u201cWe want to thank HUD as well as our valued clients for their confidence in us, and for their continued partnership as we navigate the increased demand in FHA loans.\u201d<\/p>\n

About Greystone<\/strong>
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 www.greystone.com<\/a>.<\/p>\n

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

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

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Greystone\u2019s FY2020 Volume for Multifamily and Healthcare Loan FirmCommitments Totals $3.5 Billion, Ranking #1 with 14% Market Share Among All Lenders<\/p>\n

NEW YORK, Oct. 19, 2020 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on 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\/861"}],"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=861"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/861\/revisions"}],"predecessor-version":[{"id":1454,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/861\/revisions\/1454"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}