Multifamily lender Greystone says its Chicago office has closed 12 transactions in the third quarter of 2013, for a total of over $30 million in volume.
The strong volume builds upon Greystone’s production in the Midwest for the first half of the year — which saw an outstanding 35 deals originated and brings the total number of loans closed in 2013 to 47, for approximately $154 million.
"We are pleased with the Q3 production volume out of the Chicago office, especially considering the significant increase in rates that began earlier this year," said Clint Darby, managing director in Greystone’s Chicago office. "Our pipeline has been strong throughout the year. We closed over $50 million in Q2 alone. Rising rates impacted applications but we have seen strong activity throughout the third quarter, especially on the sale / acquisition side."
