HUD lender profile
Greystone Funding Company LLC: HUD multifamily lending record
HUD insured 211 multifamily loans with Greystone Funding Company as lender in FY2022-FY2026, for $4.60 billion and 33,568 units. That is 7.2% of all HUD multifamily dollars in those years and #5 among lenders.
- HUD files it as GREYSTONE FUNDING COMPANY LLC
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 23 HUD loans for $600 million, up 5% from FY2025 and ranking #9 among HUD multifamily lenders that year.
223(f) was its largest program at 78% of five-year dollars, followed by NC/SR at 19%.
It lent in 34 states; Texas was the largest at 31% of dollars.
Its median loan was $17.2 million, above the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 98 days (181 loans), against 87 days for all lenders, 11 days slower.
35 of its 211 loans (17%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 23 | $600M | 20 | 3 | #9 | |
| FY2025 | 24 | $569M | 22 | 2 | #6 | |
| FY2024 | 19 | $433M | 14 | 5 | #6 | |
| FY2023 | 40 | $827M | 34 | 6 | #4 | |
| FY2022 | 105 | $2.17B | 91 | 10 | #2 | |
| FY2021 | 161 | $3.40B | 99 | 13 | #2 | |
| FY2020 | 86 | $1.88B | 57 | 12 | #1 | |
| FY2019 | 32 | $649M | 23 | 7 | #5 | |
| FY2018 | 61 | $1.09B | 53 | 2 | #4 | |
| FY2017 | 73 | $1.13B | 54 | 1 | #5 | |
| Since FY2012 | 1,028 | $17.44B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 223(f) purchase or refinance | 181 | $3.60B | $15.0M |
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 26 | $880M | $33.7M |
| 223(a)(7) streamlined refinance | 4 | $115M | $21.5M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Texas | 59 | $1.43B |
| Florida | 19 | $534M |
| New York | 11 | $230M |
| California | 10 | $246M |
| Ohio | 10 | $88.9M |
| New Jersey | 9 | $333M |
| Virginia | 9 | $308M |
| Colorado | 9 | $127M |
| Connecticut | 6 | $102M |
| Georgia | 6 | $121M |
| Maryland | 5 | $79.9M |
| Indiana | 5 | $51.1M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (211)
- 98 days median
- Middle half of its loans
- 78-133 days
- 223(f) (181 loans)
- 98 days
- NC/SR (26 loans)
- 97 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-28 | Garden Oaks · TX | 223(f) | $5.2M |
| 2026-09-22 | Covington Creek Apartments · TX | 223(f) | $31.2M |
| 2026-09-22 | Heather Ridge Apartment Homes · TX | 223(f) | $26.5M |
| 2026-09-22 | Tall Timbers Apartments · TX | 223(f) | $23.8M |
| 2026-08-26 | The Haven at Highland · IL | 223(f) | $19.4M |
| 2026-08-12 | Midland Portfolio · TX | 223(f) | $33.5M |
| 2026-07-28 | Council House Apartments · MD | 223(f) | $19.1M |
| 2026-07-28 | 182 East 33rd Street · NJ | 223(f) | $6.3M |
| 2026-07-14 | Austin Heights · CT | 223(f) | $12.8M |
| 2026-07-02 | Senate Apartments · IL | 223(f) | $31.3M |
| 2026-06-30 | Biscayne Palms · FL | 223(f) | $14.5M |
| 2026-06-25 | 1994 Bergen · NY | 223(f) | $4.5M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Evergreen at Timber Glen · NJ | 223(f) | $102M |
| Villa Hermosa · NY | 223(f) | $97.6M |
| Attain at Newtown · VA | NC/SR | $71.0M |
| Natura By Murbeck · FL | NC/SR | $67.6M |
| Colonnade at Sycamore Highlands · CA | 223(f) | $63.4M |
| Castlerock at Sycamore Highlands · CA | 223(f) | $59.6M |
| Montego Square · FL | NC/SR | $57.3M |
| The Park - Phase II · NJ | 223(f) | $56.1M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Greystone Funding Company LLC as servicer on 1 apartment loan with $5.2 million of balance and 51 units. Its note rate is 6.13%. HUD lists the same name as holder of 556 loans.
- 223(f)
- 1 loans
Largest servicing states: Texas (1).
Other names in HUD's endorsement data that begin the same way (HUD files them separately, and we do not combine them): Greystone Bank; Greystone Servicing Company LLC.
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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