Greystone, Bassuk Group Team Up to Expand CRE Offerings

""Greystone"":http://www.greyco.com/, a leading national provider of multifamily and commercial mortgage loans, announced it is teaming up with ""The Bassuk Organization"":http://www.singerbassuk.com/ to form the Greystone Bassuk Group.

[IMAGE]

The group's aim is to provide expanded real estate and financial services, including creative debt and equity financing, to commercial real estate (CRE) clients with multifamily assets across the United States. The new group will combine Greystone's loan expertise with The Bassuk Organization's experience providing real estate investment banking services to do so.

""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,"" said Stephen Rosenberg, founder and CEO of Greystone.

Richard Bassuk, chairman and CEO of The Bassuk Organization, agreed that the partnership will open new doors for the companies and their clients.

""The Greystone Bassuk Group will combine the national reach, expanded platform, financial strength and creative programs of Greystone with The Bassuk Organization's presence in the New York marketplace and its decades of experience providing financing and consulting services, including 80/20 transactions and arranging development and permanent financing for large scale rental and condominium projects for some of New York's most sophisticated developers and owners,"" Bassuk said.

According to a release from the companies, the joint venture is currently developing new and innovative programs to take advantage of historically low interest rates.

The venture will share office space in Greystone's New York headquarters.