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Greystone

Provides loans for real-estate properties in united states

Sector: Non Banking CreditMarket cap:
All analyses

Analyses on Greystone (1)

Greystone 2025: The balance sheet is stronger, but the earnings test moved to 2026

Greystone enters 2026 with a more flexible balance sheet, deeper funding sources, and a disciplined loan book, but with weaker profitability, so the question is no longer whether it can grow, but whether it can turn the stronger funding base back into earnings.

March 23, 2026
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Follow-up dives

Follow-up dives on Greystone (3)

Follow-up

Follow-up on Greystone: How much of the thesis depends on the agency, REIT, and DRE exit engine

A large part of Greystone's economics depends on a full exit engine, not only on credit spread. The bridge loans are meant to move into Fannie, Freddie or FHA/HUD channels after stabilization, and that whole process sits inside a DRE and REIT structure that helps prevent company…

March 23, 2026
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Follow-up

Follow-up on Greystone: Is senior housing becoming the next profit engine

Senior housing is the natural candidate to become Greystone's next profit engine because it already represents 24.1% of the portfolio and carries a 9.5% average coupon, but it only becomes a real earnings engine if Greystone keeps converting bridge loans into FHA/HUD takeouts an…

March 23, 2026
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Follow-up

Follow-up on Greystone: What really changed in the funding stack after the Series A expansion

The February 2026 Series A expansion did not replace Greystone's main funding sources, but it did make unsecured public debt a more meaningful part of the stack, at a higher cost and in exchange for better tenor and flexibility.

March 23, 2026
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