Greystone Equity Services
We provide equity and structured financed solutions to its borrowers through investor relationships that offer preferred equity, joint venture equity and co-GP equity investments. The platform work on selective equity assignment for ground up development, distressed or opportunistic acquisitions, and the recapitalization of existing assets.
Our strategic purpose is to facilitate new loan production by providing equity solutions to Greystone clients. Chief among those solutions is preferred equity capital to be coupled with our Agency and bridge lending products. Higher relative interest rates, which limits senior loan proceeds, results in a greater need in the market for additional equity and subordinate financing.
We process Fannie Mae and Freddie Mac (“Agency”) preferred equity, bridge preferred equity and HUD preferred equity via a series of equity programs and relationships. It will work with the other production sales desks as well as with originators directly to arrange preferred equity for their borrowers and new loans.
Case Study
SITUATION
Our client, a leading national commercial and multifamily developer, faced a cash-neutral refinancing need in a high-interest rate environment. The property, located in a secondary resort market, posed a challenge for securing competitive pricing. Despite market challenges, a high interest rate environment and this being a resort location, we were able to secure pricing in line with a new in- fill location.
SOLUTION
Our team conducted a thorough evaluation of the property’s financials and found them to be robust. The client’s extensive experience and strong presence in the market were significant assets, demonstrating their deep market knowledge. This, combined with the asset’s quality and lower leverage, attracted multiple competitive bids.
RESULT
We secured a total financing package of $56.3M, including a senior loan of $50M and preferred equity of $6.3M. By accepting a higher current pay rate, our client achieved a cash-neutral refinancing, meeting and exceeding their financial goals.
