12A — November 14 - 27, 2014 — M id A tlantic
Real Estate Journal
www.marejournal.com
L ender ’ s D irectory
E W Y O R K — Greystone , a leading national provider of Vartanian to lead healthcare finance across HUD and supporting lending platforms Greystone’s FHA lending head to spearhead new healthcare lending group N
form. "Greystone is the largest FHA multifamily lender but we want to evolve as the larg- est FHA healthcare lender as well," she said. "The lending environment is opportune for the health- care sector.Greystone has an arsenal of tools that not only provide long-term financing at historically low fixed rates but also complementary products such as our competitive bridge and mezzanine financing," said Vartanian. "With our cap- ital, drive and expertise, I am confident that our healthcare- focused group will evolve as
the leader in HUD healthcare lending in the near future." "As the number one overall FHA lender in the country, Greystone is naturally poised to focus even more effort on LEAN lending, and Betsy's expertise leading the FHA group for 13 years is a natu- ral evolution,"said Stephen Rosenberg , chief executive and founder of Greystone. Mordecai Rosenberg will assume oversight of Greystone's overall FHA busi- ness, the role Vartanian previ- ously held. Mordecai Rosen- berg has served as a manag-
ing director, leading one of Greystone's top origination teams for the past five years, with a focus on FHA lending and taxable and tax-exempt bond transactions for multi- family housing and healthcare properties. Under his leader- ship, his team has structured and closed over $2 billion in debt and equity investments. "Continuing the success that Betsy built for Greystone's FHA group, I hope to maintain the creativity and innovative- ness that has always been Greystone's hallmark in all of our financing businesses,
as well as focus on constantly seeking ways to improve the customer experience and the experience of our talented staff. We want to be a 'destina- tion lender' for our clients and a 'destination employer' for best-in-class financing profes- sionals across the country," said Mordecai Rosenberg. "I am confident that, under Mordecai's leadership, the overall FHA platform will continue to flourish and grow," said Stephen Rosenberg. Greystone provides mort- gage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other pro- prietary loan programs. In 2013, Greystone ranked #1 in combined multifamily and healthcare FHA lending; #1 in Fannie Mae Small Loans and #3 in Affordable Hous- ing volume as a Fannie Mae DUS(R) lender; and as a top-5 Freddie Mac lender for seniors housing. n Michael Arman joins Procida Funding as CFO ENGLEWOOD CLIFFS, NJ — Michael Arman has joined Procida Funding , manager of the 100 Mile Fund specializing in the $3 - $30 mil- lion market, as chief financial officer. Arman will oversee all accounting, tax compliance, treasury, reporting, loan ser- vicing and systems for the fund and its manager and also serve as a conduit between lenders, participants and con- investment partners. Arman’s career in the real estate and finance industries spans more than twenty years and his relationship with Procida Funding’s founding principal, William “Billy” Procida , is almost as long. “As is my custom, I rarely hire strangers, said Procida. “When picking a CFO, you definitely don’t hire a stranger. Knowing Mike for 15 years, I know his work ethic, integrity and knowledge are second to none. We are happy to have him.” Prior to joining Procida, Ar- man served as CFO for a fund manager with more than $3.5 billion in assets under man- agement. Prior to that, Arman was a VP at Credit Suisse First Boston (CSFB) and a member of its Portfolio Bids Group. n
multifamily and healthcare mortgage loans, announced it has launched a specialized group to serve the needs of healthcare facility owners seeking financing, to be led by Betsy Vartanian . Under the leadership of Vartanian, Greystone was ranked #1 in FHAmultifamily and healthcare lending, com- bined, for the past two years. In her 13-year tenure with Greystone, Vartanian had di- rect oversight of the FHA plat-
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