Freddie Mac Approves Greystone as Designated Seniors Housing Seller/Servicer
- May 21, 2013
New York—Greystone, a national provider of multifamily and healthcare mortgage loans, today announced that it has been approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide.
As a Seniors Housing Seller/Servicer, Greystone is one of a select number of firms approved to sell and service Freddie Mac loans for independent living, assisted living, memory care and rental continuing care properties located throughout the United States. The designation will allow Greystone to better meet the financing needs of the rapidly growing senior sector. To be considered for the designation, lenders are evaluated by Freddie Mac based on a number of qualifications, including GSE loan origination and underwriting experience for seniors housing properties, staff experience in the seniors housing market and track record of seniors housing loan performance.
Greystone has worked with Government Sponsored Enterprises for more than 20 years, providing financing that is individually-tailored to meet the needs of borrowers across the country. In addition to the new Seniors Housing Seller/Servicer designation, Greystone is also a Freddie Mac Targeted Affordable Housing Seller/Servicer, allowing the firm to originate, underwrite and close affordable housing loans on behalf of Freddie Mac.
The designation builds upon Greystone’s multiyear expertise as a mortgage lender. Greystone’s multifamily and healthcare lending team closed more than $3.4 billion in financing in 2012 across the United States, working with FHA, Fannie Mae and Freddie Mac.