Former HUD Deputy Assistant Secretary C. Lamar Seats joins
NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) – Gray stone, a leading national commercial real estate finance company, has announced the arrival of C. Lamar Seats as Senior Vice President, FHA Production, effective immediately. In this role, Seats will oversee Greystone’s creation teams that will handle the financing of multi-family and affordable housing and construction through programs delivered by HUD.
Mr. Seats joins Greystone from the US Department of Housing and Urban Development, where he served as Assistant Under Secretary for Multi-Family Housing Programs for three years, overseeing $ 21 billion in production in fiscal 2020. He previously was Managing Director of M&T Realty Capital Corporation and Managing Director of Bellwether Enterprise Real Estate Capital LLC upon its acquisition by Enterprise Community Investment Inc, where he was Senior Vice President and Head of Mortgage Banking Group. Earlier in his career, Mr. Seats held commercial lending positions with Reilly Mortgage Group, Wells Fargo Bank, Bankers Trust Company and USF & G Corporation.
Greystone is currently the # 1 FHA Commercial Mortgage Provider for 2020, generating more than $ 5 billion in multi-family and healthcare loans last year, representing the largest market share of all commercial lenders.
“After gaining critical experience in public service and seeing the dedication and impact of HUD’s role in multi-family housing, working with the Greystone team is a natural next step,” said Mr. Seats. “The working relationship between FHA and Greystone continues to thrive, helping to fund the billions of needed homes. I am excited about the opportunity to develop and expand Greystone’s FHA lending platform.
“Lamar is well respected in the industry and I am more than excited about the potential to grow our FHA lending capabilities through his expertise and guidance,” added Nikhil Kanodia, Head of Greystone’s FHA Lending Group, and to which Mr. Seats reports to. “After last year’s record momentum, we look forward to continuing to develop our cutting-edge platform with leadership from Lamar. “
Greystone is a private, national commercial real estate finance company with an established reputation as a leader in multi-family and healthcare finance, having been ranked among the top lenders by FHA, Fannie Mae and Freddie Mac in these industries. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and / or other companies affiliated with Greystone. For more information visit www.greystone.com.