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RED Continues to Build Team as Part of Strategic Growth Initiative
COLUMBUS, OH --(Marketwired - March 29, 2016) - RED CAPITAL GROUP, LLC, announced today the addition of Patrick Graffagnino as Chief Underwriter of Small Balance Loans.
In his new role, Patrick will coordinate all Freddie Mac and Fannie Mae small loan underwriting activities by evaluating loan requests, assessing key areas of risk in conformance with Freddie Mac and Fannie Mae small loan credit standards and program requirements.
Prior to joining RED, Patrick was a Director and Deputy Chief Underwriter (with Greystone Servicing Corporation), managing a team of underwriters and analysts, closing loans across various Fannie Mae & Freddie Mac market rate and affordable loan products.
Patrick has experience in supporting third-party underwriters for CMBS transactions, performing third-party services for agency, balance sheet and life company lenders in a wide range of property types, including retail, hospitality, industrial, office, self-storage, and multifamily.
Patrick received his BA in Business Administration from Furman University and his MBA from Clemson University.
"We are extremely excited to have Patrick join us. He has broad real estate lending experience and tremendous depth of knowledge in the small loan space," said Todd Rodenberg, Chief Credit Officer for RED. "I am confident he will be a strong catalyst to assist us in achieving our aggressive growth plans and will lead the group to become one of the top producers of high quality small loans throughout the country."
About RED CAPITAL GROUP, LLC
Recognized for its industry expertise, innovative and comprehensive structures, and consistently high rankings, RED CAPITAL GROUP, LLC has provided over $72 billion of integrated debt and equity capital since 1990 to the seniors housing and health care, multifamily, affordable, and student housing industries through three operating companies.
RED Mortgage Capital, LLC is a leading Fannie Mae DUS® and MAP- and Lean-approved FHA and Freddie Mac small balance lender with a mortgage servicing portfolio near $16 billion.
RED Capital Markets, LLC (MEMBER FINRA/SIPC) is a leader in the distribution of Fannie Mae and Ginnie Mae Project MBS, and provides structuring, underwriting, placement, and advisory services for tax-exempt and taxable housing and health care bonds.
RED Capital Partners, LLC provides proprietary debt and equity solutions, and asset management in a range of forms, including subordinated gap and bridge loans. RED CAPITAL GROUP, LLC is a subsidiary of ORIX USA Corporation. For more information on RED CAPITAL GROUP, LLC, visit www.redcapitalgroup.com.
About ORIX USA Corporation
ORIX USA provides innovative capital solutions that clients need to propel their business to the next level. Based in Dallas, ORIX USA has a team of more than 500 employees spanning 20 offices across the U.S. and Brazil. ORIX USA and its family of companies offer investment capital and asset management services to clients in the corporate, real estate, municipal and energy sectors, while holding $6 billion of assets and managing an additional $29 billion, approximately. Its parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 36 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit www.orix.com.
DUS® is a registered trademark of Fannie Mae
For more information please contact:
Director of Marketing
RED CAPITAL GROUP, LLC
+1 469 385 1434