Greystone Obtained a Record $2.28 Billion in Firm Commitments from HUD in FY2013, a 28% Increase Over FY2012
Greystone has maintained its ranking as the number one overall multifamily and healthcare FHA lender. According to 2013 data released by the US Department of Housing and Urban Development, Greystone has been awarded the highest number of FHA insured loan commitments both by loan count and dollar volume for multifamily and healthcare loans combined.
During HUD’s 2013 fiscal year (ended September 2013), Greystone originated and obtained commitments for nearly $2.28 billion comprising 224 FHA insured loans, topping the list of overall FHA lenders for multifamily and healthcare loans. The latest rankings mark the firm’s second consecutive year leading the rankings in FHA multifamily and healthcare lending combined.
“Greystone’s ability to outperform in the current economic and regulatory environment is a testament to its excellence in underwriting and ability to problem-solve. We appreciate and are proud of our status as the leading FHA lender. Obtaining an FHA loan commitment can be challenging and requires a highly experienced team,” said Betsy Vartanian, head of FHA lending at Greystone. “Our national footprint continues to expand due to our bridge lending capabilities for healthcare as well as multifamily. We are also delighted to see a huge increase in repeat client business solidifying Greystone’s leadership as a preferred financing partner for our borrowers,” she added.
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs. In addition to its top FHA ranking, Greystone is a top-10 Fannie Mae Multifamily lender and is on pace to be one of Freddie Mac’s top five Senior Housing Lenders.