Greystone announced that it ranked #1 based on number of multifamily Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) at the conclusion of the agency’s 2017 fiscal year.
Throughout HUD’s fiscal year 2017, Greystone originated and obtained Firm Commitments for 83 insured multifamily loans totaling $1.34 billion. During the same period, Greystone also ranked highest based on number of loans and dollar volume for Firm Commitments issued under HUD’s MAP 223(f) program, closing $1 billion of loans across 67 transactions -- an 80% increase compared to 2016.
“We continue to leverage the most cutting-edge technology to provide an execution that is faster and easier than FHA borrowers have ever experienced in the past,” said Mordecai Rosenberg, head of Greystone’s FHA lending group. “However, the real credit for this remarkable achievement goes to our extraordinary team of A-players, who are focused each day on improving the level of service we provide to our clients.”