Another HUD fiscal year gone, and another set of familiar names rose to the top of LEAN loan production rankings. In terms of transactions closed, Greystone came in first place with 71 transactions, or more than double its next competitor. Not surprisingly, with that high level of activity, Greystone also had the highest dollar volume, with $888.88 million in total mortgages. This follows the firm’s first-place finish in HUD’s FY2020 as well, so they are on a hot streak.
Housing & Healthcare Finance (HHC Finance) took second place for transactions closed and dollar volume, with 35 and $552.87 million, respectively. We got glimpses of HHC Finance’s activity throughout the year, and the group clearly finished strong with a number of September closings.
In third place, with 27 transactions and $309.38 million in volume, was Walker & Dunlop. Capital Funding was close behind, with 24 individual closings (combining for $268.9 million in volume), and ORIX Real Estate Capital closed 23 loans, totaling $220.8 million. As far as dollar volume, Dwight Capital closed the fourth-highest amount, with $273.4 million.
Dwight Capital also closed the largest healthcare 232(a)(7) loan in HUD’s history to date for a large seniors housing community in Gainesville, Florida. Originally built in 1986 and acquired in 1990 by the current owner, SantaFe HealthCare, the gated community features a total of 651 beds, including a majority of independent living beds with around 140 beds of assisted living and memory care. Josh Sasouness and Avi Lifshitz originated the transaction, which totaled $94.3 million and extended the borrower’s term.
