About Greystone Bank–Raleigh, North Carolina
Greystone Bank is a chartered bank headquartered in Raleigh, North Carolina. It opened for business in late 2004.
Greystone Bank’s business plan differs from many Raleigh banks in that it features short-to-mid term commercial real estate lending, funding from online deposit products and wholesale sources, and highly efficient operations. In fact, the bank specializes in short-to-midterm financing for multi-family housing, healthcare facilities and commercial enterprises. The bank also has an active program for financing short-term, government-insured rehabilitated student loans.
Greystone Affiliates
Greystone Bank belongs to an affiliate group called Greystone & Co., Inc., or simply “Greystone,” which is a New York-based organization that provides a variety of real estate lending, development and management services throughout the nation. Greystone has experience with real estate financing and a record of immense quality that dates back to 1988.
In fact, since 1994, Greystone has funded over 800 commercial mortgage loans, collateralized by properties in 38 states, with aggregate principal balances in excess of $5 billion. In addition to direct lending, Greystone also originates FHA multi-family/healthcare loans and is a recognized FNMA lender in the U.S. Greystone either manages or owns a combined total of $12 billion of assets.
How Greystone Bank is Funded
Regional and national deposit networks provide funds for Greystone Bank. Deposits fund commercial real estate investment from land acquisition to construction, stabilization and more. Most of these collateral properties metropolitan growth areas of the Southeast, though they can be found throughout the nation as well.
Benefits of Banking with Greystone
Greystone Bank customers have access to a variety of long term, permanent loan programs, real estate development expertise and management services through the bank and its affiliation with Greystone & Co., Inc. Additionally, Greystone Bank offers its customers and community bankers growing access to a host of loan products and financial services as a part of the Greystone network. Deposits at Greystone Bank are FDIC-insured to $250,000 per depositor.
