Greystone hires head of CMBS production

Russell joins the firm from Pillar Multifamily, where he was chief production officer.

Greystone has hired Robert Russell to head its CMBS production business and to act as a managing director within the firm’s Fannie Mae and Freddie Mac platform, the firm announced in a statement.

Russell’s responsibilities will include coordinating the  production of new CMBS loans from Greystone’s New York office. He will also originate Fannie Mae and Freddie Mac loans. This is a new position for the firm.

“As stability increasingly returns to the CMBS market, we see this product as an attractive complement to our successful Fannie/FHA/ Freddie Agency programs,” Russell told Private Debt Investor in an email. “Greystone always strives to have a broad array of loan products available to our clients.”

Prior to joining Greystone, Russell was the chief production officer at Pillar Multifamily. He also worked as a managing director at Wachovia Securities, where he originated and structured debt and preferred equity transactions. His responsibilities included the formation of Wachovia’s lending operation in Canada.

“Robert’s experience working with Fannie Mae and Freddie Mac, coupled with his unparalleled creativity and knowledge of the industry, is a fantastic addition to Greystone,” said Greystone executive managing director Joe Mosley in a statement. “Robert will play a key role in our organisation as we continue to expand our offerings, and we are thrilled to welcome him to the team.”

Greystone is headquartered in New York. The firm specialises in mortgage finance, healthcare and real estate.