July 31, 2021

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Mortgage News

Former HUD Deputy Assistant Secretary C. Lamar Seats Joins Greystone as Senior Vice President of FHA Production

NEW YORK, NY – Greystone, a leading national commercial real estate finance company, announced that C. Lamar Seats has joined as Senior Vice President, FHA Production, effective immediately. In this role, Seats will oversee Greystone’s origination teams, who handle multi-family, affordable housing and construction finance through HUD-insured programs.

Mr. Seats joins Greystone from the U.S. Department of Housing and Urban Development, where he served as Assistant Assistant Secretary for Apartment Buildings for three years, overseeing $ 21 billion production in fiscal 2020. He was previously a Managing Director at M&T Realty Capital Corporation and was Chief Executive Officer of Bellwether Enterprise Real Estate Capital LLC after being acquired by Enterprise Community Investment Inc, where he was Senior Vice President and Head of the Mortgage Banking Group. Early in his career, Mr. Seats held commercial credit roles with Reilly Mortgage Group, Wells Fargo Bank, Bankers Trust Company and USF&G Corporation.

Greystone is currently the FHA’s leading commercial mortgage provider for 2020 after over $ 5 billion in multi-family and healthcare lending last year, the largest market share of any commercial lender.

“After gaining vital public service experience and realizing the commitment and impact of HUD’s role in the apartment building, working with the Greystone team is a natural next step,” said Seats. “The working relationship between FHA and Greystone continues to thrive, helping to fund billions of homes needed. I am excited about the opportunity to keep growing and growing Greystone’s FHA lending platform. “

“Lamar is well respected in the industry and I am thrilled to see the potential to expand our FHA lending capabilities with his expertise and guidance,” added Nikhil Kanodia, director of Greystone’s FHA Lending Group, reported by Mr. Seats. “After last year’s record momentum, we hope to continue expanding our industry-leading platform under the leadership of Lamar.”

About Greystone: Greystone is a privately held national commercial real estate finance company with an established reputation as a leader in multi-family and healthcare finance, ranked as the top lender in these sectors to FHA, Fannie Mae and Freddie Mac. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC, and / or other Greystone affiliates. For more information, visit www.greystone.com