Greystone, a leading commercial real estate lending, investment, and advisory company, is expanding its lending presence in South Florida with the addition of Federico “Fico” Calaf, who will be responsible for boosting loan origination in the region, particularly for multifamily small balance lending (SBL), the company announced in a release.
Calaf will be in charge of a new Miami office which enables Greystone to better serve owners and investors in South Florida’s multifamily, healthcare and affordable housing sectors, the company said. Over the course of nearly two decades, Calaf has worked in commercial real estate finance in Florida and San Juan, Puerto Rico.
Prior to joining Greystone, Calaf was a principal at Miramar Asset Management, where he led deal sourcing, acquisitions, dispositions, asset management, and financing for the commercial real estate firm. He also held leadership positions in the commercial real estate and construction loans divisions of Banco Santander and Doral Financial Corporation.
“We’re thrilled to welcome Fico to Greystone and look forward to deepening our ties to the South Florida multifamily community,” said Rick Wolf, head of Greystone’s small loan platform. “Multifamily owners are acquiring, rehabilitating, and refinancing properties in this region at a record pace to meet workforce demand, and we’re committed to investing in the talent needed to help them achieve their goals.”
For more than 15 years, Greystone has been a small loan lender to borrowers with multifamily properties with either five to 50 units, or financing needs ranging from $1 million up to $7.5 million. Since the inception of the Freddie Mac SBL program in 2014, Greystone has closed more than 1,400 Freddie Mac and Fannie Mae small loans totaling more than $3.64 billion.