Greystone Multifamily and Healthcare Bridge Loans Expected to Reach $1 Billion in 2014
Greystone today announced two senior executive additions to its rapidly growing Portfolio Lending Group, which focuses on bridge, mezzanine and special situations lending.
Jef Elm joins Greystone as Managing Director, Production, based in Austin, TX and reporting to Marty Lanigan, head of the Portfolio Lending Group in Greystone’s New York headquarters. Elm has spent most of the last 25 years in senior production and origination roles on a national and regional basis, and has extensive lending experience originating bridge and permanent loans while serving at lenders such as Wells Fargo, NationsBank, Prudential and MetLife. He also spent five years as a Managing Director originating mezzanine loans at Mezz Cap.
Matt Grodd is now a Senior Vice President in the firm’s NY office, and is a member of the investor liaison team to Greystone’s institutional co-investors. Grodd, also reporting to Lanigan, was previously at TriLyn Investment Management where he was responsible for originating, underwriting and structuring subordinated commercial real estate debt. Before TriLyn, Grodd served in the private equity group at Fortress Investment Group focusing on real estate-related investments, and spent his first eight professional years with Deutsche Bank within its Real Estate Investment Banking and CMBS groups, both in New York and London.
"Having previously worked alongside Jef twice in the past, I am thrilled that he’s joined us at Greystone, where his market expertise and client reach will serve as a terrific complement to our existing production platform," said Lanigan. “With the Portfolio Lending Group’s current talent and resources, we look forward to reaching and surpassing $1 billion in bridge loan production for 2014,” he added.
Greystone was the number one FHA lender in 2013 and is ranked as a top-10 Fannie Mae lender. Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs. For more information about Greystone’s Portfolio Lending Group solutions please visit https://greyco.wpengine.com/bridge.