Commercial real estate financier Greystone recently added new leaders to its commercial mortgage-backed securities team in a bid to transform its platform into an exclusive conduit offering for multifamily and commercial assets. Cushman & Wakefield invested $500 million in Greystone’s agency, Federal Housing Administration and service companies in December, providing resources to develop the CMBS platform.
In December, the company hired commercial real estate and mortgage-backed securities veteran Rich Highfield to head CMBS to oversee the expansion, tasked with turning the platform into a direct source for investors. real estate in all types of commercial assets. Highfield joined Greystone from Starwood Mortgage Capital, where he oversaw its CMBS driving platform as chairman. He was also a director at Blackrock Solutions and a director at Banc of America Securities.
In January, to further lead the development of the CMBS Group’s proprietary conduits, Greystone appointed Jared Noordyk as head of securitization and Natalie Grainger as chief credit officer. Noordyk comes to Greystone from SitusAMC, where he was part of a team that focused on securitization and debt due diligence. Noordyk is also a former managing director and head of securitization at CEMR – Cantor Fitzgerald. Grainger managed CMBS executions as a director of Deutsche Bank before taking her role at Greystone this year. She also previously held financial positions at Credit Suisse, Morgan Stanley and Deloitte.
In its affordable lending division, the New York-based company welcomed the return of Pharrah Jackson-Rowell, who rises to the position of vice president and loan originator. In this position, Jackson-Rowell will assist homeowners and investors with capital needs in financing affordable housing. She returns to the Affordable Lending team after serving as Vice President of Greystone’s Affordable Development Unit. Jackson-Rowell has been with the company for 18 years.