Freddie Mac Approves Greystone as Designated Seniors Housing Seller / Servicer
May 21, 2013
This past week, Greystone was approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide. Greystone is one of a select number of firms approved to sell and service Freddie Mac loans for independent living, assisted living, memory care and rental continuing care properties located throughout the United States.
“Freddie Mac’s capabilities and specialized team of Seniors Housing experts have already added value to one of our long term clients and we are excited to bring Freddie Mac to all our clients going forward” said Scott Kavel, Managing Director for our senior housing lending business.
The designation will allow Greystone to better meet the financing needs of the rapidly growing senior sector. To be considered for the designation, lenders are evaluated by Freddie Mac based on a number of qualifications, including GSE loan origination and underwriting experience for seniors housing properties, staff experience in the seniors housing market and track record of seniors housing loan performance.
“Being a distinguished Freddie Mac lender is a testament to the great support and services Greystone provides borrowers in the senior housing market,” said Joe Mosley, Executive Managing Director of our Fannie Mae and Freddie Mac lending platforms.