COLUMBUS, Ohio--(BUSINESS WIRE)--RED Mortgage Capital, LLC, the mortgage banking arm of RED Capital Group, LLC (RED) continues to expand its national presence, opening a new office in San Francisco and hiring Patrick McAllister as Director – Multifamily Originations.
McAllister will help to expand the RED footprint in the Bay area as well as the Pacific Northwest.
“Red Capital Group’s broad menu of multifamily affordable and market rate loan programs are well suited to enhance our market share in the Bay area and Western U.S. We are excited to have someone with Patrick’s industry experience and market knowledge joining our team,” said Trent Brooks, President and National Head of Production at RED.
“I am excited to join Red Mortgage Capital as they continue to expand their platform in the west,” stated McAllister. “RED’s wide range of multifamily finance solutions, numerous capital relationships and focus on superior customer service provide me with a great platform to meet and exceed my clients’ objectives.”
Patrick comes to RED with a long track record of success in multifamily originations, most recently serving as executive vice president for Jones Lange LaSalle. He has served as a director at several San Francisco-based CRE lending firms, including Prudential Mortgage Capital and Wells Fargo Multifamily Capital.
Patrick is a licensed attorney in the State of California, earning his Juris Doctor from California Western School of Law. He received his BA from the University of Rochester.
RED CAPITAL GROUP, LLC
Recognized for its industry expertise, innovative and comprehensive structures, and consistently high rankings, RED Capital Group, LLC has provided over $78 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 exceeding $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 Corporation USA. For more information on RED Capital Group, LLC, visit http://www.redcapitalgroup.com.