Greystone Expands Freddie Mac Loan Offering in Northeast With Program Plus® for Multifamily Properties
February 12, 2015
Greystone Receives Designation As Freddie Mac Multifamily Program Plus® Seller / Servicer in Tri-State Area, Now Offering Full Spectrum of Freddie Mac Multifamily and Seniors Housing Loan Products
Greystone today announced it has earned Program Plus® status from Freddie Mac (OTCQB: FMCC) Multifamily. The new designation enables Greystone, a leading multifamily and healthcare lender, to offer loans of all sizes for multifamily properties in New York, New Jersey and Connecticut.
Greystone has been a Freddie Mac Multifamily Targeted Affordable Housing Seller / Servicer, providing financing for affordable housing since 2011. Greystone began offering Freddie Mac seniors housing and assisted living loan products in 2013, and the Agency’s Small Balance Loan product earlier this year, which enables acquisition and refinancing for properties between $1 million and $5 million. The new Program Plus® license completes a full spectrum of multifamily property financing options available from Greystone with Freddie Mac.
“We could not be more thrilled to add the Freddie Mac Program Plus® status to our stable of multifamily loan offerings,” said Joe Mosley, executive managing director of Freddie Mac and Fannie Mae lending at Greystone. “Adding to our existing agency lending offerings, we are pleased we can now offer a full spectrum of complete GSE financing products for multifamily property owners and acquirers.”
David Brickman, Executive Vice President of Freddie Mac Multifamily, said, “Greystone’s reputation for identifying qualified borrowers and delivering expert execution of our multifamily loan products gives us complete confidence that they will serve as a long-lasting partner for years to come.”
“We are very excited to substantially expand our relationship with Freddie Mac and to continue to build on our partnership,” added Greystone’s agency lending CEO, Billy Posey.
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs. In 2013, Greystone ranked #1 in combined multifamily and healthcare FHA lending; #1 in Fannie Mae Small Loans and #3 in Affordable Housing volume as a Fannie Mae DUS® lender; and as a top-5 Freddie Mac lender for seniors housing.