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September 17, 2020 Comments (0) Views: 595 New York News, Top New York

Greystone Reaches Two Billion-Dollar Milestones in Small Loan Volume

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Greystone said Wednesday it had reached two significant milestones in small loan production, including exceeding $1 billion in combined Freddie Mac and Fannie Mae multifamily small loans origination year-to-date.

Additionally, Greystone Servicing Company LLC is one of the first Optigo lenders to exceed $5 billion in origination for Freddie Mac’s Small Balance Loan platform since the program’s 2014 launch.

“The market challenges that arose this year during the pandemic particularly impacted the workforce housing market, but Greystone has remained steady as a source for agency financing throughout it all, especially as interest rates continue to remain low,” said Rick Wolf, head of Greystone’s small loan platform.

He added, “We value our partnerships with Freddie Mac and Fannie Mae and their critical role in helping to finance the workforce housing market, which supports critically-needed affordable rental housing in all markets around the nation.”

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