Greystone Expands Lending Presence in Miami
August 6, 2018
Greystone is expanding its lending presence in South Florida with the addition of Federico Calaf. Mr. Calaf is responsible for boosting loan origination in the region, particularly for multifamily small balance lending (SBL).
Located at 333 S.E. 2nd Ave. Suite 2064, the new Miami office enables Greystone to better serve owners and investors in South Florida’s multifamily, healthcare and affordable housing sectors.
Over the course of nearly two decades, Federico (“Fico”) Calaf has worked in commercial real estate finance in South Florida and in San Juan, Puerto Rico. Prior to joining Greystone, Mr. Calaf was a principal at Miramar Asset Management, where he led deal sourcing, acquisitions, dispositions, asset management, and financing for the commercial real estate firm. He also held leadership positions in the commercial real estate and construction loans divisions of Banco Santander and Doral Financial Corporation. Mr. Calaf holds a Master’s degree in Real Estate Development and Investments from New York University, and a Bachelor’s degree in Finance from St. Joseph’s University.
“We’re thrilled to welcome Fico to Greystone and look forward to deepening our ties to the South Florida multifamily community,” said Rick Wolf, head of Greystone’s Small Loan platform. “Multifamily owners are acquiring, rehabilitating, and refinancing properties in this region at a record pace to meet workforce demand, and we’re committed to investing in the talent needed to help them achieve their goals.”
For more than 15 years, Greystone has been a small loan lender to borrowers with multifamily properties with either 5 to 50 units or financing needs ranging from $1 million up to $7.5 million. Since the inception of the Freddie Mac SBL program in 2014, Greystone has closed over 1,400 Freddie Mac and Fannie Mae small loans totaling over $3.64 billion.