JudahRosenberg

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Judah Rosenberg

Meridian Capital Group
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Biography

Greystone is a direct multifamily and healthcare perm, bridge, and construction lender. We have a $21B loan portfolio and did more FHA transactions than any other lender in 2016. We are also a top Agency lender in the country. Due to Greystone being privately owned and having its own balance sheet to utilize, we often have more flexibility than some of the more bureaucratic lenders.

FHA 223(f) Perm Loan:

  • 85% LTV(80% if cash-out)
  • 35 Year Term
  • ~3.50% Fixed Rate
  • Non-Recourse
  • Fully Amortizing
  • Step down Prepay – Typically 2-year lockout followed by 8,7,6,5,4,3,2,1,0(alternate and shorter prepayment structures are available)

Bridge Program:

  • Up to 85% loan-to-cost
  • L+425-500(dependent on property, size, market…etc)
  • Interest Only
  • 2 year initial term followed by two 6 month extension options
  • 1% Origination Fee
  • No exit fee assuming Greystone perm takeout. 2% exit fee is borrower does not use Greystone for takeout
  • Other interim financing options available as well

FHA 221d(4) Construction Loan:

  • 85% Loan-To-Cost
  • 2 year interest only construction period followed by 40 Year Term
  • ~4.25% Rate
  • Non-Recourse
  • Fully Amortizing
  • Step down Prepay – Typically 2-year lockout followed by 8,7,6,5,4,3,2,1,0(alternate and shorter prepayment structures are available)
  • No conversion risk

 

Industry Expertise

  • Real Estate Professionals
    • Finance
      • Lending
        • Bank
        • CMBS Lender
        • Correspondent / Mortgage Banker
        • Private Lender

Specialties

Multifamily and Healthcare FHA Lending
Fannie Mae and Freddie Mac
Bridge Lending