Greystone Bassuk Group Venture Launched to Provide Expanded Creative Multifamily Real Estate Financial Services

Pictured (L to R) are: Richard Bassuk is chairman and CEO of The Bassuk Organization, Inc.; Stephen Rosenberg, founder and CEO of Greystone; and Mordecai Rosenberg of Greystone, who make up the executive team of the new Greystone Bassuk Group.

NEW YORK, NY -- (Nov.12, 2012) -- Greystone, a leading national provider of multifamily and commercial mortgage loans, today announced the formation of the Greystone Bassuk Group, a joint venture with The Bassuk Organization.

Richard Bassuk

The Bassuk Organization has been a leader in providing real estate investment banking services to owners and developers in the New York Tri-State area for over 15 years. The new group will provide expanded real estate and financial services, including creative debt and equity financing, to commercial real estate clients with multifamily assets across the United States.

Greystone offers a wide variety of multifamily and healthcare financing solutions, including Fannie Mae, Freddie Mac, Bridge and FHA loan products. The firm manages more than $15 billion in assets and consistently ranks among the top Fannie Mae DUS© and FHA lenders. With 25 years of experience in government agency lending and loan restructuring, Greystone truly is a thought leader in the industry.

Stephen Rosenberg

Richard Bassuk is chairman and CEO of The Bassuk Organization, Inc. (TBO), and also co-founded The Singer and Bassuk Organization (SBO) in 1996.

Stephen Rosenberg, founder and CEO of Greystone, said  "By combining Greystone’s and The Bassuk Organization’s strengths, we plan to make cutting edge products available to our many clients, offering them an in depth range of services including providing bridge and permanent loans and other financial resources to facilitate acquisition financing, refinancing and restructuring. 

“We believe that Greystone's 500+ financial services employees will broaden the joint venture's ability to provide a multi-faceted approach to commercial real estate financing nationwide.”

For a complete copy of the company’s news release, please contact:

Roxanne Donovan/Eric Gerard

Eric R. Gerard

Senior Vice President

Great Ink Communications

27 Union Square West, Suite 205

New York, NY 10001

(212) 741-2977

Greystone Bassuk Group  

152 West 57th Street

New York, NY 10019

www.greyco.com.