NEW YORK, Feb. 04, 2016 (GLOBE NEWSWIRE) -- The Greystone Bassuk Group, a real estate capital intermediary and financial advisor to major developers, today announced that Paul Fried has joined as Executive Managing Director. Based in New York, Mr. Fried will report to Richard Bassuk, chief executive officer of The Greystone Bassuk Group. In this new role, Mr. Fried will be responsible for expanding the company’s equity capital advisory business. He will focus, initially, on raising institutional equity capital on behalf of high quality sponsors for large-scale new construction and fully stabilized properties - covering all asset classes and across the U.S.
Mr. Fried joins Greystone from L&L Holding Co, where he headed the company’s capital raising activities and was responsible for raising in excess of $2.5 billion of equity across their portfolio. There, he worked on capital raises for projects such as 425 Park Avenue, 195 Broadway and 200 Fifth Ave (the "Toy Building"). Previously, he worked at Deutsche Banc Mortgage Capital and was Director of the CMBS Group. Prior to that, he was an attorney with Milbank, Tweed, Hadley & McCloy. Mr. Fried is a Rutgers College and Rutgers Law graduate.
Greystone’s client roster includes many of the industry’s established owners, developers and investors. “We provide our clients with a strategic, thoughtful approach to assembling capital for their projects. Paul’s tremendous experience and expertise will supplement our industry-leading debt placement platform with expanded equity raising capabilities that will allow us to deliver fully-integrated capital solutions to our clients” said Bassuk.
The expansion of Greystone’s equity services coincides with its development of a dedicated EB-5 business, backed by Greystone’s balance sheet, to provide greater certainty of execution for clients seeking to raise capital abroad. The scope of Greystone’s lending program includes agency and CMBS lending, public bond financing, bridge, mezzanine and construction lending.
About The Greystone Bassuk Group
The Greystone Bassuk Group is a real estate capital intermediary and advisory firm serving a select group of the most prominent real estate owners and developers in New York City and nationally. The Greystone Bassuk Group is a joint venture between The Bassuk Organization, Inc. and Greystone & Co., Inc., a leading national provider of multifamily loans, and together with its affiliated companies, provides an expanded range of real estate and financial services, including creative debt and equity financing. For more information visit www.greyco.com and www.greystonebassuk.com.