Greystone, a private real estate lending, investment, servicing and advisory company, has created a new group to provide EB-5 financing for real estate developers.
Greystone’s group is the industry’s first EB-5 sponsor with the capabilities and financial strength of a full-service real estate lender, investor, fiduciary, servicer, developer, and advisor.
On behalf of its clients, Greystone will manage the entire EB-5 capital-raising process, including deal structuring, document preparation, marketing, and loan and investor servicing.
Justin Gardinier has been named managing director and will lead the EB-5 group from Greystone’s New York headquarters.
Gardinier has more than 15 years of real estate and finance experience as an advisor and principal.
He previously worked for CIM Group LP, where he established a successful EB-5 capital-raising platform that raised EB-5 funds for CIM’s development projects. Mr. Gardinier holds an MBA from Columbia Business School.
“Greystone’s experience as a real estate advisor, lender, servicer and developer positions the firm to become a model for the next generation of EB-5 sponsors by offering a higher level of service and risk mitigation to EB-5 borrowers and investors,” said Gardinier.
“Greystone EB-5 is entering the market at an exciting time, and has the opportunity to make a real difference in the way EB-5 capital is sourced and managed.”
Stephen Rosenberg, Greystone’s Chief Executive Officer added, “At Greystone, we are continually seeking to identify the corners and edges in a particular market that will allow us to carve out a niche and deliver unique value for our clients.
“With EB-5, we are approaching the market from a completely new direction. Unlike other players, Greystone will be leveraging its own balance sheet, and national presence, to provide cutting-edge new EB-5 products with an institutional quality execution that will give developers the certainty they need to move forward with their projects. It will be a game changer.”