NEW YORK CITY—Jay Kirsch has joined Greystone's small loan operations as a managing director. Kirsch arrives at Greystone after working at the small balance loan program for Freddie Mac Multifamily.

Kirsch most recently served as asset management & operations client relationship manager for Freddie Mac Multifamily's small balance loan program. During his more than seven years at Freddie Mac, he also held roles in underwriting, production, and retained and securitized portfolio surveillance.

The Toronto native will report to Rick Wolf, senior managing director and head of production for Greystone's small loan operations, and will be co-based in Rockville, MD and Philadelphia. In is new post, Kirsch will focus on the production of small balance loans across the Freddie Mac and Fannie Mae platforms.

"Jay's expertise and industry knowledge in the small balance loan arena will be invaluable to Greystone as we continue to grow this platform," Wolf states. "As we head toward record-breaking production of small loans this year, we are continually looking to optimize our position as the go-to lender, and Jay will certainly help solidify that pursuit."

Wolf recently related that Greystone has taken advantage of the small balance loan program and in fact had originated more than $500 million under the program—a milestone it said had not been reached at that time by any other firm. The firm reported in late October it had provided more than 180 Freddie Mac SBL mortgages.

Earlier this month, Greystone reported it had provided $46 million in bridge financingto Liss Property Group for the acquisition of Riverview Landing at Valley Forge, a 310-unit multifamily property in Eagleville, PA.