NEW YORK CITY—Cary Tremper, head of the healthcare mortgage banking and FHA lending platforms at KeyBank, has joined Greystone as a member of the lender's senior housing finance team. As a managing director, he'll focus on origination across Greystone's FHA, Fannie Mae, Freddie Mac, bridge and mezzanine platforms for independent and assisted living, skilled nursing and memory care/Alzheimer's properties.
Tremper will join forces with managing director Scott Kavel, head of senior housing finance at Greystone, to build a group that will advise owners on refinancing or repositioning their assets. The group will focus on independent living properties, private-pay assisted living communities and memory care facilities.
Joe Mosley, EVP and head of agency production, says Tremper's track record “speaks for itself, and we know he will add immediate value to our healthcare platform.” On Tremper's watch, KeyBank led the field for Fannie and Freddie senior housing production over the past three years. For its part, Greystone closed the first Freddie revolving credit facility for seniors housing for $150 million in this past January.
Tremper is the second managing director to join Greystone in the past week. Last Monday, the company announced that Jeff Baevsky was hired with a focus on project finance.
Baevsky was most recently director of capital markets at Gramercy Capital Corp., where he was responsible for arranging corporate and project debt and leading secondary loan trading activities. Over the course of a career, that has also included stints at CWCapital and Wachovia Bank, he's advised on and completed more than $10 billion of transactions, including corporate and mortgage-based credit facilities; mezzanine finance; off-balance sheet acquisition and asset development programs; and both public and private debt and equity capital placements.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
