Jay Reed Joins Greystone Real Estate Capital as Assistant Vice President, Tax Credit Underwriter
2024年5月9日 - 11:04PM
Greystone, a leading national commercial real estate finance
company, announced that its Low Income Housing Tax Credit (LIHTC)
syndication platform,
Greystone Real Estate
Capital, has added Jay Reed as an Assistant Vice
President, Tax Credit Underwriter. In this role, he is responsible
for the underwriting, financial modeling and closing of LIHTC
investments, reporting to Spencer Gordon, Vice President, Director
of Credit & Underwriting.
Prior to joining Greystone, Mr. Reed served as
Assistant Vice President, Tax Credit Underwriter at PNC Bank, N.A.,
where he was responsible for managing the underwriting process and
recommending credit decisions for equity and debt investments in
affordable housing investments eligible for LIHTC’s and Historic
Tax Credits. During his eight-year tenure at PNC, he was directly
involved in closing more than $450 million of institutional equity
and $275 million in debt products that supported LIHTC developments
on a nationwide basis. Mr. Reed holds a Bachelor of Science in
Financial Economics and a Bachelor of Arts in History from Centre
College.
“As we prepare to come to market with
opportunities for investors, and help developers realize their
visions for affordable housing, we are building a team with core
strength to help execute on our core values and promises,” said Ms.
Sarah Laubinger, Chief Operating Officer of Greystone Real Estate
Capital. “Jay’s underwriting experience will be an invaluable asset
to the group as we work to quickly establish Greystone Real Estate
Capital as the most respected and preferred provider of LIHTC,
preservation and workforce housing equity in the country.”
“We are thrilled to welcome Jay to our team as
we prepare to demonstrate the excellence and strength of Greystone
Real Estate Capital to the affordable housing market. His
expertise, work ethic, and core values elevate our collective
efforts, and we look forward to providing top-tier and customized
service to our esteemed developer and investor clients,” added Mr.
Gordon.
About GreystoneGreystone is a
private national commercial real estate finance company with an
established reputation as a leader in multifamily and healthcare
finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac
lender in these sectors. Loans are offered through Greystone
Servicing Company LLC, Greystone Funding Company LLC and/or other
Greystone affiliates. For more information, visit
www.greystone.com.
PRESS CONTACT:Karen
MarottaGreystone212-896-9149Karen.Marotta@greyco.com