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Greystone's FHA Lending Head to Spearhead Healthcare Lending Focus

NEW YORK, Oct. 22, 2014 (GLOBE NEWSWIRE) -- Greystone, a leading national provider of multifamily and healthcare mortgage loans, today announced it has launched a specialized group to serve the needs of healthcare facility owners seeking financing, to be led by Betsy Vartanian.

Under the leadership of Ms. Vartanian, Greystone was ranked #1 in FHA multifamily and healthcare lending, combined, for the past two years. In her 13-year tenure with Greystone, Ms. Vartanian had direct oversight of the FHA platform. "Greystone is the largest FHA multifamily lender but we want to evolve as the largest FHA healthcare lender as well," she commented.

"The lending environment is opportune for the healthcare sector. Greystone has an arsenal of tools that not only provide long-term financing at historically low fixed rates but also complementary products such as our competitive bridge and mezzanine financing," said Ms. Vartanian. "With our capital, drive and expertise, I am confident that our healthcare-focused group will evolve as the leader in HUD healthcare lending in the near future."

"As the number one overall FHA lender in the country, Greystone is naturally poised to focus even more effort on LEAN lending, and Betsy's expertise leading the FHA group for 13 years is a natural evolution," said Stephen Rosenberg, chief executive and founder of Greystone.

Mordecai Rosenberg, will assume oversight of Greystone's overall FHA business, the role Vartanian previously held. Mordecai Rosenberg has served as a Managing Director, leading one of Greystone's top origination teams for the past five years, with a focus on FHA lending and taxable and tax-exempt bond transactions for multifamily housing and healthcare properties. Under his leadership, his team has structured and closed over $2 billion in debt and equity investments.

"Continuing the success that Betsy built for Greystone's FHA group, I hope to maintain the creativity and innovativeness that has always been Greystone's hallmark in all of our financing businesses, as well as focus on constantly seeking ways to improve the customer experience and the experience of our talented staff. We want to be a 'destination lender' for our clients and a 'destination employer' for best-in-class financing professionals across the country," added Mordecai Rosenberg.

"I am confident that, under Mordecai's leadership, the overall FHA platform will continue to flourish and grow," added Stephen Rosenberg.

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; #1 in Fannie Mae Small Loans and #3 in Affordable Housing volume 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 real estate lending. Over the years, Greystone has added business lines that are related to, and natural extensions of, its core business including acquisition, development, and management of multifamily and healthcare properties across the country. 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 please visit http://www.greyco.com.

CONTACT: PRESS CONTACT: Claudia Schiepers Greystone 212-649-9706 Cschiepers@Greyco.com

Source: Greystone