Lender Greystone Names New CEO, Looks to Expand Financial Services

Real estate finance company Greystone has appointed former bank exec Hafize Gaye Erkan as CEO.

Erkan most recently was co-CEO, president and board member at First Republic Bank (NYSE: FRC) where she oversaw growth, wealth management, deposits and total assets. Before that, she worked as the head of financial institutions for group analytics and strategies with Goldman Sachs (NYSE: GS).

Erkan said in an announcement on her hiring that she is “honored to become CEO at this exciting moment in Greystone’s history.”


“I look forward to utilizing my expertise in banking and wealth management to expand Greystone into new areas of financial services and build on the Company’s strong foundation in real estate finance,” Erkan said in the announcement.

Greystone has originated nearly $5 billion of loans for senior housing companies. Recent examples include lending $24.7 million to Northbridge Companies for a community in Mashpee, Massachusetts; and a loan of $103 million for a Chicago-area senior housing complex.

Erkan’s appointment signals the company is venturing into new financial services areas, including expanding lending products and private wealth management, a representative for Greystone told SHN. The company also is exploring private banking and residential mortgage lending opportunities.


Erkan, along with Greystone Executive Board ChairmanSteve Rosenberg, are undertaking a number of moves meant to prepare the company for its next growth stage. The company is particularly looking to accelerate its commercial and multi-family real estate lending and capital markets business and invest in technology, operations and staff, according to the announcement. 

Greystone is the number one ranked Federal Housing Administration multifamily and health care lender by firm commitments and a top 10 Fannie Mae and Freddie Mac multifamily real estate lender. In 2021, Greystone produced $19 billion in CRE transaction volume, and the company currently manages a combined primary and special loan servicing portfolio of over $80 billion across a wide variety of commercial property types.

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