Scott Croul Named to Head Small Balance Loan Platform for RED Mortgage Capital, LLC
March 08 2018 - 4:00PM
Business Wire
Former Freddie Mac Multifamily Executive chosen to lead
RED’s Multifamily Small Loan Group as part of the Firm’s
overall Growth and Product Diversification Strategy
Scott Croul has been named Senior Managing Director and Head of
Small Balance Originations for RED Mortgage Capital, LLC,
the Mortgage banking arm of comprehensive capital provider
RED Capital Group LLC.
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Scott Croul, Senior Managing Director and
Head of Small Balance Originations, RED Mortgage Capital, LLC
(Photo: Business Wire)
Mr. Croul joined RED on February 12, 2018, and brings 30
years of mortgage lending experience across all institutional
property types to RED with extensive background in
multifamily lending. He joins RED from Freddie Mac
Multifamily where he was Senior Managing Director and head of
production and sales for the Western Region, responsible for the
agency’s conventional multifamily business in the region and the
region’s four production offices. Croul was previously Managing
Director and head of Underwriting and Credit for Freddie Mac’s
Western Region. He brings strong expertise in loan origination,
strategic growth and leadership, along with deep industry
relationships.
At RED, Croul is tasked to grow the company’s national
Freddie Mac and Fannie Mae small balance lending platform, expand
its national presence and position RED’s Small Balance Loan
Group into an industry leader.
“We continue to execute on our growth strategy with the most
recent hire of Scott Croul to the firm,” stated Ted Meylor,
Chairman and CEO of RED Capital Group. “With his vast
industry experience—particularly with Freddie Mac—he is the perfect
choice to lead our Small Balance Loan team and increase
RED’s market share.”
“Scott is the consummate professional. His product knowledge and
commitment to customer satisfaction will greatly enhance our growth
and success within the Small Balance Loan market,” stated Trent
Brooks, President and National Head of Production for
RED.
Prior to joining Freddie Mac Multifamily, Mr. Croul led regional
operations at John Hancock Real Estate Finance Group and was a
mortgage banker at predecessor companies to Berkadia, CBRE and Hunt
Mortgage. According to Croul, RED is well positioned to
benefit from the rapid expansion in small balance multifamily
lending created by the introduction of GSE products, offering
increased liquidity to this critical, substantial and underserved
segment of the nation’s workforce housing supply.
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 $74 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 Fannie Mae DUS® and MAP-
and Lean-approved FHA lender with a mortgage servicing portfolio
nearly $17 billion. RED Capital Markets, LLC (MEMBER
FINRA/SIPC) is active 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 our website at:
http://www.redcapitalgroup.com
DUS® is a registered trademark of Fannie
Mae
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version on businesswire.com: http://www.businesswire.com/news/home/20180308006139/en/
RED CAPITAL GROUP, LLCLisalynne Quinn,
+1-469-385-1434Director of
Marketingllquinn@redcapitalgroup.comredcapitalgroup.comtwitter:
@Lisalynne_REDCorp. twitter: @REDCapitalGroup
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