CHICAGO—Greystone, a New York-based firm that provides multifamily and healthcare mortgage loans, has just hired a longtime veteran of the banking industry as a director in its Chicago office. Ken Jones has spent the last 25 years at Citibank in Chicago and at Greystone he will focus on originating new commercial mortgage loans in the Midwest.

While at Citibank, Jones expanded its platform across the Midwest, and gained experience in residential, new construction and commercial real estate lending, including multifamily and retail properties. He also originated small business loans and lines of credit for local businesses. Jones will report to Clint Darby, managing director and head of Greystone's Chicago office.

Greystone arranges debt for borrowers by working with agency partners such as Fannie Mae, Freddie Mac and the FHA. The company also offers its own capital for bridge and mezzanine loans. In 2013, company officials say Greystone was the top-ranked firm in combined multifamily and healthcare FHA lending, ranked third in affordable housing as a Fannie Mae DUS lender. As reported in GlobeSt.com, the firm is also a top Freddie Mac lender for seniors housing.

"Ken's breadth of experience in lending across the Midwest will serve as an invaluable asset to Greystone's commercial mortgage lending efforts, especially Fannie Mae and Freddie Mac products, for which we are seeing increasing demand in the multifamily sector,” says Darby. “We are thrilled Ken has joined us and look forward to expanding Greystone's presence in Chicago and beyond.”