Greystone, Bassuk Org. join forces in new commercial lending venture

November 12, 2012 12:30PM

Mortgage lender Greystone and the Bassuk Organization, a provider of real estate investment banking services, are launching a joint venture to offer financing products for commercial real estate clients across the U.S., the companies announced today.

Greystone, headquartered in New York City with 17 offices nationwide, manages roughly $15 billion in assets and specializes in multifamily and commercial mortgage loans. The Bassuk Organization, meanwhile, operates as a real estate finance intermediary and advisory firm, with clients drawn from developers and investors in the tri-state area.

The new venture will be called the Greystone Bassuk Group and will operate out of Greystone’s New York headquarters at 152 West 57th Street between Sixth and Seventh avenues. The group is developing programs that center on the currently low interest rates, and will focus on clients with multifamily holdings, the companies said.

“We plan to make cutting edge products available to our many clients, offering them an in-depth range of services,” Stephen Rosenberg, founder and CEO of Greystone, said in a statement.

Richard Bassuk, chairman and CEO of the Bassuk Organization, co-founded the Singer and Bassuk Organization in 1996 and previously served as president of the Starrett Housing Corp., a public real estate company.–Leigh Kamping-Carder