FHA

Arbor Realty Trust Schedules Third Quarter 2021 Earnings Conference Call

Friday, October 22, 2021 - 9:10pm

UNIONDALE, N.Y., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release third quarter 2021 financial results before the market opens on Friday, October 29, 2021.

Key Points: 
  • UNIONDALE, N.Y., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release third quarter 2021 financial results before the market opens on Friday, October 29, 2021.
  • The Company will host a conference call to review the results at 10:00 a.m. Eastern Time on October 29, 2021.
  • A live webcast and replay of the conference call will be available at http://www.arbor.com in the investor relations section of the Companys website.
  • Arbor Realty Trust, Inc. (NYSE: ABR ) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets.

Greystone Ranks as #1 Commercial Lender for HUD’s 2021 Fiscal Year

Friday, October 22, 2021 - 5:05pm

NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agency’s 2021 fiscal year ending September 30, 2021. During this period, Greystone originated and obtained Firm Commitments for 243 HUD-insured loans totaling $4.43 billion, representing 12.61% overall market share – the largest of all commercial lenders – for HUD-insured multifamily and healthcare loans.

Key Points: 
  • NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agencys 2021 fiscal year ending September 30, 2021.
  • During this period, Greystone originated and obtained Firm Commitments for 243 HUD-insured loans totaling $4.43 billion, representing 12.61% overall market share the largest of all commercial lenders for HUD-insured multifamily and healthcare loans.
  • In total, Greystones HUD production represents a 27% increase year-over-year, signifying that the firms best-in-class execution sets an example for the industry.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.

Forbright to Launch HUD Lending Platform for Nursing Homes, Assisted Living Facilities, and Multifamily Housing

Friday, October 22, 2021 - 1:00pm

Forbright Bank, recently rebranded from Congressional Bank, announced today its intent to launch a new business line aimed at facilitating federally-insured loans to finance nursing homes, assisted living facilities, and multifamily housing.

Key Points: 
  • Forbright Bank, recently rebranded from Congressional Bank, announced today its intent to launch a new business line aimed at facilitating federally-insured loans to finance nursing homes, assisted living facilities, and multifamily housing.
  • Jon Camps has been named the Managing Director of the Banks HUD Lending Platform and will oversee the new initiative.
  • The U.S. Department of Housing and Urban Development (HUD), via the Federal Housing Administration (FHA), provides mortgage insurance on real estate loans made by approved lenders for nursing homes and other care facilities, as well as affordable and market-rate multifamily housing.
  • Camps is working to build a best-in-class team of HUD lending experts with an initial focus on Section 232 healthcare and seniors housing lending, as well as multifamily loans.

Cushman & Wakefield Enters into Strategic Joint Venture with Greystone’s Leading Multifamily Agency Lending & Servicing Platform

Wednesday, October 20, 2021 - 1:00pm

Under the terms of the agreement, Cushman & Wakefield will make a strategic investment of $500 million to acquire a 40% stake in Greystones Agency, FHA and Servicing businesses.

Key Points: 
  • Under the terms of the agreement, Cushman & Wakefield will make a strategic investment of $500 million to acquire a 40% stake in Greystones Agency, FHA and Servicing businesses.
  • These investments enable Cushman & Wakefield to provide a complete set of services and expertise throughout every stage of investment in multifamily assets.
  • Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners.
  • Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries.

Low-to-Moderate Income Consumers Present $300 Billion Growth Opportunity for the Mortgage Industry

Tuesday, October 19, 2021 - 1:00pm

LMI consumers who qualify based on Income and/or LMI Tract; Incomes modeled using CreditVision Income Estimator; MSA Median Family Income and Tract Income Based on FFIEC

Key Points: 
  • LMI consumers who qualify based on Income and/or LMI Tract; Incomes modeled using CreditVision Income Estimator; MSA Median Family Income and Tract Income Based on FFIEC
    Many financial institutions are interested in expanding financial inclusion efforts to better serve low-to-moderate income consumers and communities.
  • LMI consumers, for example, are 38% less likely to get a refinance and 34% less likely to get a purchase mortgage than non-LMI consumers.
  • LMI consumers, however, often assume that they may not have sufficient credit to qualify for certain mortgage products.
  • To learn more about TransUnions study, please download the insight guide: Mortgage Origination Opportunity for Low-to-Moderate Income Borrowers .

Greystone Closes Second Tranche of Financing for Harrison Street Senior Housing Portfolio Acquisition

Monday, October 18, 2021 - 7:10pm

The Greystone Senior Housing Capital Markets team worked on behalf of Harrison Street to identify a capital solution for the portfolio acquisition, estimated by SeniorCare Investor to be valued at $546,700 per unit.

Key Points: 
  • The Greystone Senior Housing Capital Markets team worked on behalf of Harrison Street to identify a capital solution for the portfolio acquisition, estimated by SeniorCare Investor to be valued at $546,700 per unit.
  • Operated by Oakmont Management Group, the senior housing communities were acquired from Gallaher Companies with life company financing.
  • The four properties in this second tranche comprise 465 units and represent a portion of a portfolio of 24 total senior housing communities acquired by Harrison Street in California and Nevada for approximately $1.2 billion.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.

Greystone Provides a Total of $25.1 Million in Acquisition Financing for 7-Property SNF Portfolio in Missouri

Monday, October 18, 2021 - 7:04pm

The transaction was originated by Eric Rosenstock and Fred Levine, Managing Directors at Greystone on behalf of Blue Sky Basin.

Key Points: 
  • The transaction was originated by Eric Rosenstock and Fred Levine, Managing Directors at Greystone on behalf of Blue Sky Basin.
  • The financing includes a floating rate bridge financing from Greystone and features a 36-month term with two six-month extension options and is interest-only for the first two years.
  • Greystone intends to transition the portfolio to permanent HUD-insured financing.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.

Greystone Provides $15.6 Million in HUD-Insured Financing for California Multifamily Property

Monday, October 18, 2021 - 7:02pm

NEW YORK, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $15,658,900 HUD-insured loan to refinance a 49-unit multifamily property in San Fernando Valley, California.

Key Points: 
  • NEW YORK, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $15,658,900 HUD-insured loan to refinance a 49-unit multifamily property in San Fernando Valley, California.
  • The transaction was originated by Dale Holzer of Greystone on behalf of Reseda 18860 LLC.
  • Sherman Way Apartments, located at 18840 Sherman Way in Reseda, Los Angeles County, is a mid-rise rental property constructed in 2018 containing 15 one-bedroom and 34 two-bedroom units.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.

Geneva Financial Announces Higher Conforming Loan Limits

Monday, October 18, 2021 - 10:00am

CHANDLER, Ariz., Oct. 18, 2021 /PRNewswire/ -- Geneva Financial Home Loans (Geneva) announces that they will now be offering higher loan limits for conforming loans. The direct lender with locations in 45 states has increased its conventional loan limit to $625,000 for single-family homes ahead of the Federal Housing Finance Agency's announcement on conforming loan limits for 2022.

Key Points: 
  • CHANDLER, Ariz., Oct. 18, 2021 /PRNewswire/ -- Geneva Financial Home Loans ( Geneva ) announces that they will now be offering higher loan limits for conforming loans.The direct lender with locations in 45 states has increased its conventional loan limit to $625,000 for single-family homes ahead of the Federal Housing Finance Agency's announcement on conforming loan limits for 2022.
  • "We are committed to providing opportunity for borrowers and saw the necessity to work with our aggregators on increasing conventional loan limits ahead of the FHFA announcement."
  • Increasing loan limits will temporarily allow Geneva borrowers the opportunity under these unusual market circumstances to obtain conventional financing at lower rates.
  • Learn more about Geneva Financial Mortgage Home Loans at www.GenevaFi.com
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Union Home Mortgage to Partner with Olympic Gold Medalist, Katie Nageotte

Friday, October 15, 2021 - 3:00pm

Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, today announced its partnership with Olympic gold medal winning pole vaulter, Katie Nageotte.

Key Points: 
  • Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, today announced its partnership with Olympic gold medal winning pole vaulter, Katie Nageotte.
  • campaign, set to kick off at the starting line of the Union Home Mortgage Cleveland Marathon.
  • We are so proud to welcome Katie into the UHM family, said Bill Cosgrove, President & CEO of Union Home Mortgage.
  • I am so excited to partner with Union Home Mortgage, said Nageotte.