Greystone, which originates multifamily and healthcare mortgage loans, has been approved by Freddie Mac to be a National Senior Housing Seller/Servicer.
With that status, the company can originate for sale to Freddie Mac (and retain the servicing rights on) mortgages securing independent living, assisted living, memory care and rental continuing care properties. The company said to get the approval, it was evaluated on such things as its experience in government-sponsored enterprise loan origination and underwriting for seniors housing properties, staff experience in this market and track record of seniors housing loan performance.
According to the Freddie Mac website, there are now 14 lenders which have a National Senior Housing Seller/Servicer approval.
The company previously had been approved by Freddie Mac as a Targeted Affordable Housing Seller/Servicer. It also has Federal Housing Administration and Fannie Mae approvals.
Greystone closed over $3.4 billion last year in multifamily and healthcare loans for FHA, Fannie Mae and Freddie Mac. It was
The company is a nationwide lender headquartered in New York, with 17 offices around the country.
