Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Hunt Mortgage Taps RED Capital Alumni for Senior Housing Platform

Hunt Mortgage Group is expanding its Senior Housing and health care lending platform with the addition of several alumni of RED Capital Group.

New York CIty-based Hunt Mortgage Group has structured more than $21 billion of loans across a variety of commercial real estate projects since its inception and currently maintains a servicing portfolio of more than $13.4 billion.

Under the leadership of one-time RED Capital Senior managing director Kathryn Burton Gray, the new dedicated senior housing unit will target expansion into the Fannie Mae and Freddie Mac space. Hunt Mortgage Group will now also offer bridge loans to senior living clients through its proprietary lending platform.

Burton Gray is an expert in financing independent living, assisted living, memory care, skilled nursing and continuing care retirement communities (CCRCs). She has more than 34 years of banking experience with large commercial banking platforms overall, and was senior managing director/head of health care with RED Capital for five years.

RED was a major senior housing capital provider, but its focus shifted to the market-rate and affordable multifamily sectors as a result of a transaction that occurred last September. At that time, RED’s parent company, ORIX, acquired Columbus, Ohio-based senior housing lender Lancaster Pollard and consolidated senior housing services under that brand.

Hunt’s other new hires from RED Capital Group include James Scribner and Jason Smeck as managing directors and Brady Johnson as director. The team will be scattered throughout the country, with Burton Gray and Johnson based in California, Scribner based in Connecticut and Smeck based in Ohio.

“This new team has a renowned reputation in the industry and we are delighted to announce they have joined the Hunt Mortgage Group team,” said Jim Flynn, president and chief investment officer at Hunt Mortgage Group, in a press release. “As part of this expansion, we anticipate adding additional sales analyst, credit, underwriting and asset management personnel in the near future.”

Written by Tim Regan

The post Hunt Mortgage Taps RED Capital Alumni for Senior Housing Platform appeared first on Senior Housing News.



This post first appeared on Business Insight And Information - Senior Housing News, please read the originial post: here

Share the post

Hunt Mortgage Taps RED Capital Alumni for Senior Housing Platform

×

Subscribe to Business Insight And Information - Senior Housing News

Get updates delivered right to your inbox!

Thank you for your subscription

×