Greystone Expands CMBS Senior Leadership Team

Commercial real estate finance company Greystone has expanded its CMBS senior leadership team. Jared Noordyk has joined the firm has head of securitization and Natalie Grainger has joined the company as chief credit officer.

Noordyk formerly served a member of the leadership team of the CRE Advisory group at SitusAMC, where he focused on securitization and debt diligence. His resume also includes managing director and head of securitization at CCRE/Cantor Fitzgerald and roles at BlackRock and Moody’s.

Grainger joins the firm from Deutsche Bank, where she managed CMBS executions for more than a decade. Her resume also includes roles at Credit Suisse, Morgan Stanley and Deloitte, and she is an active member of CREFC Women’s Advisory Board and a past Chair of the group.

These new hires build on Greystone’s robust activity in 2021. Las year, the firm entered a joint venture partnership with Cushman & Wakefield. The two companies said the venture will “deliver best-in-class advisory services and capital solutions to existing, joint and new clients of both firms nationwide.” Cushman is making a $500 million investment into Greystone for a 40% stake in its agency, FHA, and servicing businesses. “Greystone intends to use the capital to create innovative product offerings which will position the company for future expansion,” said a company announcement. The complementary offerings will allow the two companies to pass leads and appropriate business between the partners.

The firm also formed a partnership with MONTICELLOAM to combine the firms’ senior housing and healthcare lines of business under a new joint venture that will provide capital finance products and services for the skilled nursing, assisted living, and senior housing sectors. These include first mortgage floating rate bridge loans, fixed-rate conventional term loans, mezzanine and preferred equity products, tax-exempt bond financing, equity capital, accounts receivable and working capital lines of credit, loan servicing and asset management, troubled asset advisory/workout services, healthcare operational consulting and FHA, Fannie Mae and Freddie Mac permanent financing.

Among Greystone’s individual financing transaction, the firm provided more than $33 million in tax-exempt and taxable loans for the construction of a 67-unit permanent housing building and a 21-unit transitional housing building in Los Angeles. The construction financing will cover a significant portion of the $45.7 million development, which is titled, Hope on Avalon.