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Keith Hires Joins Greystone's Portfolio Lending Group as Managing Director

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NEW YORK, May 27, 2014 (GLOBE NEWSWIRE) -- Greystone, a leading national provider of multifamily and healthcare mortgage loans, today announced that Keith Hires has joined as a Managing Director. Focusing primarily on bridge and mezzanine lending products targeted to borrowers in the Southeast and Mid-Atlantic, Hires will report to Marty Lanigan, head of Greystone's Portfolio Lending group.

With more than 25 years of real estate experience, Hires has executed transactions in excess of $7 billion during his career. He was most recently a Managing Director at Guggenheim, responsible for building a loan production platform for the company's Atlanta office. Prior to Guggenheim, Hires served as a Managing Director at Prudential Financial, where he was responsible for development of the Capital Markets and Fannie Mae programs for the Eastern Region covering offices located in Atlanta, Washington D.C. and New York City. His responsibilities at Prudential also included pricing, structuring and committee approval of commercial real estate loans intended for conduit or agency execution. Earlier in his career, Hires was Director in the Multifamily Division of Freddie Mac and Vice President at JE Robert Companies.

"Keith is an incredible addition to our growing Portfolio Lending team, and his reach in the Southeast and Mid-Atlantic regions is going to be integral as we look to satisfy the growing demand for interim financing across multifamily, healthcare and student housing properties," said Lanigan. "Having worked with Keith previously, I know his production banking talent will be an asset to Greystone," he added.

"I am excited to be a part of an organization that has such a strong entrepreneurial spirit and look forward to growing the Portfolio Lending platform at Greystone," commented Hires.

Keith holds a BBA from the University of Georgia and an MBA from Georgia State University. He also serves on the Board of Directors of Special POPS, a non-profit focused on enriching the lives of children and adults with intellectual disabilities.

Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs. In 2013, Greystone ranked #1 in combined multifamily and healthcare FHA lending, #3 in Affordable Housing as a Fannie Mae DUS lender, and as a top-5 Freddie Mac lender for seniors housing.

About Greystone

Greystone is a financial services and private investment group whose original core business is multifamily real estate lending. Over the years, Greystone has added business lines that are related to, and natural extensions of, its core business. Headquartered in New York with offices across the U.S., Greystone is active in three major business segments: Mortgage Finance, Healthcare and Real Estate. Greystone's mission is to apply unparalleled creativity while modeling corporate compassion. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information about Greystone's multifamily and healthcare financing solutions please visit http://www.greyco.com.

CONTACT: PRESS CONTACT: Karen Marotta PR Manager, Greystone 212-896-9149 KMarotta@Greyco.com

Source: Greystone