Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Instagram Outage Disrupts Thousands of U.S. Users 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
NEW YORK, Sept. 12, 2016 -- Greystone, a real estate lending, investment and advisory company, announced Joseph Stepchuk has been named a Managing Director. Mr. Stepchuk joins from Fannie Mae, where he served as Director for the past 10 years overseeing $3 billion in annual multifamily loan production. At Greystone, he will support Greystone’s conventional business with Freddie Mac and Fannie Mae. Mr. Stepchuk will report directly to Joe Mosley, Executive Managing Director and head of Agency production, and will be based in the Philadelphia region.
During his time at Fannie Mae, Mr. Stepchuk worked directly with borrowers and lenders nationwide, and managed the Student Housing loan product. Prior to Fannie Mae, Mr. Stepchuk served roles as both Senior Underwriter and Manager of Loan Servicing at GMAC Commercial Mortgage (now Berkadia).
Mr. Stepchuk stated, “I’m very excited to join Greystone and its Agency Production Team. My years of Agency experience are a great fit to help grow the business with new and existing clients. They are a strong team, whom I have known for many years, and I look forward to much success with Greystone.”
“Joe brings a wealth of experience to Greystone, from over a decade of loan production on the Agency side to underwriting, servicing and workouts, all of which are invaluable as we strive to maintain the most comprehensive understanding of property owners’ financing challenges,” said Mr. Mosley. “We are thrilled that Joe will help boost multifamily loan production at a time when demand is rapidly growing.”
About Greystone
Greystone is a real estate lending, investment and advisory company based in New York. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.
PRESS CONTACT: Karen Marotta Greystone 212-896-9149 [email protected]
