Greystone Launches New MF Loan Product

Greystone Servicing Corp., a Fannie Mae Delegated Underwriting and Servicing lender, has announced the launch of GreyStoneExpress, a product designed to serve the growing demand for multifamily loans ranging from $400,000 to $2,400,000."There was a clear need for a product featuring higher proceeds, lower transaction costs, and a faster close time while being able to accommodate more qualifying properties than previously existing multifamily loans," said Billy Posey, chief executive officer of Fannie Mae DUS production at Greystone Servicing Corp. "The new GreyStoneExpress product was developed on the back of significant demand from the mortgage banking and real estate development communities, and we've seen an extremely encouraging response in the very short time this product has been available from these two groups."