Kenny Joins Greystone as Managing Director
Kenny Joins Greystone as Managing Director
Greystone, New York, named George Kenny Managing Director of Institutional Sales for the firm’s lending operations.
Kenny brings three decades of mortgage and securitization experience to Greystone as it expands its lending capacity across a range of platforms including FHA, Fannie Mae, Freddie Mac, Bridge, and CMBS.
In this newly created role, Kenny will drive increased debt origination among institutional clients including real estate investment trusts, hedge funds, money managers, insurance companies and family offices.
Kenny joins Greystone from Starwood Property Trust, where he served as Head of New Business Development for Real Estate Investing and Servicing. Prior to Starwood, he served as Head of Americas Mortgage & Securitized Product Sales at UBS. He also spent 17 years at Bank of America / Merrill Lynch beginning in 1992 with roles including Head of Americas Rates Sales, Head of Americas Mortgage Sales, Co-Head of Credit HF Sales and Head of Mortgage Origination Sales.
Colony S2K Holdings LLC Hires Bogdan as Managing Director
Colony S2K Holdings LLC hired Chet Bogdan as Managing Director.
Bogdan has more than 25 years of experience. Most recently he served as Senior Regional Vice President with SC Distributors. He started his career at Fidelity Investments and previously held the role of Regional Director with Prudential Financial, Inc. and Regional Vice President with AXA Equitable Holdings, Inc.
Walker & Dunlop Hires Besharaty to Lead a Multifamily Small Loans Initiative
Walker & Dunlop, Bethesda, Md., hired Mark Besharaty as Senior Vice President and Chief Production Officer to lead a new initiative focused on multifamily small loans.
Besharaty has originated more than $2 billion in overall commercial real estate volume during his career, including $1 billion of multifamily loans. He will work from the firm’s Irvine, Calif. office.
The small balance market is growing rapidly, with GSE volume rising 57 percent from 2016 to 2017, representing $10.1 billion in transactions for Fannie Mae and Freddie Mac. Multifamily small loans provide sustainable and affordable financing solutions for smaller properties, typically key sources of housing for working families needing proximity to transportation and jobs. Small loans are typically defined as $3 million or less nationwide, or $5 million or less in higher-cost markets.
Prior to joining Walker & Dunlop, Besharaty served as Director in the Small Balance Commercial Real Estate Lending Group at Hunt Mortgage Group. There, he led a team of originators and analysts responsible for the origination of small balance loans for commercial real estate and multifamily housing properties. Prior to his time at Hunt, he served as vice president for MUFG Union Bank.
