Greystone has announced that Scott Kavel has joined the firm’s senior housing group as managing director. Based in Atlanta, the senior housing group seeks to arrange debt and equity for borrowers across the United States, working with agency partners such as Fannie Mae and FHA, along with offering its own capital for bridge and mezzanine loans. Kavel brings more than 20 years of experience to Greystone and has arranged approximately $5 billion in seniors housing finance throughout his distinguished career. As managing director, Kavel will work closely with the current team to develop and expand their client relationships, as well as originate new seniors housing business. He will report to Joe Mosley, executive managing director of Greystone Servicing Corporation.
“The entrepreneurial environment at Greystone combined with the ability to sprinkle in our own equity on select seniors housing transactions puts us in a unique position to add value and provide solutions for our growing list of seniors housing clients," said Kavel. "One of the first transactions I’ve worked on involves administering and participating in a mezzanine program for the construction of five assisted living and Alzheimer care communities a year, for the next five years, with a highly regarded regional operator. The first two projects are in process and scheduled to close in early 2013. Greystone is perfectly positioned as a private non-bank owned company to allow me to offer my clients creative structuring options and superior execution.”