Greystone Ranks #1 in HUD Multifamily Loan Commitments for FY 2016
December 8, 2016
Top Ranking of HUD Lenders Capped by Another Banner Month, Closing $300 Million in FHA Deal Volume in November
Greystone announced today that it ranked #1 in multifamily loan commitments issued by the U.S. office of Housing and Urban Development at the conclusion of the agency’s 2016 fiscal year. In addition to achieving the top notch in multifamily lender status for 2016, Greystone also closed and funded approximately $300 million in HUD-insured loans in November of this year.
With over $1 billion in firm commitment issuance, Greystone tallied nearly 10% of total FHA multifamily lending volume from October 1, 2015 through September 30, 2016, HUD’s most recent fiscal year. More than half (37) of Greystone’s 72 loan commitments were 223(f) acquisition/refinance transactions, with the remaining deals including new construction and 223(a)(7) refinances for market rate multifamily and affordable housing properties nationwide.
“The achievement of being the #1 multifamily FHA lender is really a testament to the stellar service that our team delivers to our clients and I am so proud of them,” said Mordecai Rosenberg, head of Greystone’s FHA lending group. “Every team member is constantly focused on seeking out every opportunity to streamline our underwriting and provide the highest level of certainty of execution. This is only the tip of the iceberg.”