Greystone, a commercial real-estate lending, investment, and advisory company, ranked No. 1 in small loan production in the delegated underwriting and servicing program from Fannie Mae in 2018. With $3.9 billion in Fannie Mae loan origination volume, Greystone ranks sixth overall, which includes affordable housing, green, market rate and small loans.
In specialty areas of multifamily financing, including green loans and affordable housing, Greystone also ranks in the top 5 of producers for 2018. Greystone produced the second-highest amount of green loans via Fannie Mae, and the third-highest amount of affordable housing loans on Fannie Mae’s platform last year.
“Greystone is fully committed to the success of Fannie Mae’s mission-driven and innovative financing platforms, and we are thrilled to be their largest producer for small loans, representing hundreds of transactions,” said Rick Wolf, head of Greystone’s small loans platform. “We look forward to continued collaboration with Fannie Mae as the workforce housing sector, a bulk of the small loan market, gains even more spotlight for its critical role as much-needed rental housing for millions of Americans.”
Fannie Mae’s small loans program includes financing from 5 to 30 years and up to $3 million nationwide or $5 million in certain eligible markets, with both fixed and variable rate options available.
“We congratulate Greystone on their position as our top small loans producer and commend their team for their hard work and dedication to partnering with Fannie Mae,” said Michael Winters, vice president of lender relationships, structured transactions, and small loans at Fannie Mae.