Greystone, a leading national provider of multifamily and commercial mortgage loans, today announced that Scott Kavel has joined the firm’s seniors housing group as Managing Director. Based in Atlanta, the seniors housing group seeks to arrange debt and equity for borrowers across the United States, working with agency partners such as Fannie Mae and FHA, along with offering its own capital for bridge and mezzanine loans.
Kavel brings more than 20 years of experience to Greystone and has arranged approximately $5 billion in seniors housing finance throughout his distinguished career. As Managing Director, Kavel will work closely with the current team to develop and expand their client relationships, as well as originate new seniors housing business. He will report to Joe Mosley, Executive Managing Director of Greystone Servicing Corporation.
“Scott’s success in the seniors housing market is unparalleled,” said Mosley. “His insight and expertise are invaluable as we further develop our seniors offerings, and we are thrilled to welcome him to the Greystone team.”
As for returning to seniors housing and joining the Greystone family, Scott shared the following: “The entrepreneurial environment at Greystone combined with the ability to sprinkle in our own equity on select seniors housing transactions puts us in a unique position to add value and provide solutions for our growing list of seniors housing clients. One of the first transactions I’ve worked on involves administering and participating in a mezzanine program for the construction of five assisted living and Alzheimer care communities a year, for the next five years, with a highly regarded regional operator. The first two projects are in process and scheduled to close in early 2013. Greystone is perfectly positioned as a private non-bank owned company to allow me to offer my clients creative structuring options and superior execution.”
Kavel holds an MBA in Real Estate and Risk Management from the University of Georgia, and a BS in Accounting from Florida State University.
About Greystone: Greystone is a financial services and private investment group whose original core business is real estate lending. Over the years, Greystone has added business lines that are related to, and natural extensions of, its core business. Headquartered in New York with a presence in 35 states and 17 offices, Greystone is active in four major business segments: Mortgage Finance, Proprietary Investment, Healthcare and Real Estate. Greystone’s mission is to apply unparalleled creativity while modeling corporate compassion.Loan products are offered through Greystone Servicing Corporation, Greystone Funding Corp. and/or other Greystone affiliates. For more information, please visit greyco.wpengine.com.