This report does not constitute a rating action. Greystone Servicing Co. LLC is one of the largest Federal Housing Administration-approved multifamily and health care lenders and a leading lender and servicer of GSE loans. It also provides primary servicing for third-party investors and commercial real estate collateralized loan obligations and special servicing for CMBS trusts and commercial real estate collateralized loan obligations. Greystone Servicing Company LLC is a wholly owned subsidiary of Cushman Wakefield Greystone LLC, which is owned 60% directly by Greystone Select Inc. (Stephen Rosenberg, its chairman and CEO) and 40% indirectly by Cushman&Wakefield Ltd. (NYSE: CWK), a global leader in commercial real estate services, with 53,000 employees in over 350 offices and approximately 60 countries.