NEW YORK CITY-Mortgage lender Greystone has tabbed veteran real estate finance expert Marty Lanigan as EVP. Lanigan will oversee the Portfolio Lending Group for the multifamily and healthcare lender.
Greystone's PLG was established in 2005 to provide clients with readily available, short-term financing during acquisition, stabilization, rehabilitation and repositioning initiatives, according to a release. Lanigan will oversee the PLG while expanding its special situation lending efforts, including mezzanine lending, second mortgage loans and sponsor loans.
“Throughout his distinguished career, Marty has proven to be one of the industry's most creative and innovative experts,” Robert Barolak, co-COO at Greystone, says in the release. “His leadership will be vital to the continued success and future growth of the PLG and its products as we work to deliver even more financing options for our clients during transitional periods. We are thrilled that Marty will lead the group's expansion and accomplishments, and are excited to welcome him to the Greystone team.”
Previously, Lanigan worked at Meridian Capital, joining the firm in 2010 as senior managing director of origination and strategic initiatives. In 2001, he founded Mezz Cap, serving as president and CEO. Before that, he launched the US conduit lending programs at Prudential Mortgage Capital Co. and GMAC Commercial Mortgage and subsequently managed the conduit and interim lending programs at both organizations.
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