NEW YORK--(BUSINESS WIRE)--RED Mortgage Capital, a division of ORIX Real Estate Capital, LLC, has hired Sean Cullen and Ronnie Gyani to lead its multifamily affordable lending activities in the greater New York City area. Cullen and Gyani have worked together since 2010 and both bring a strong level of affordable housing finance experience to RED’s New York and East Coast operations.
“RED has a long and proud history of serving the affordable housing community with customized financing solutions and team-wide sector expertise. Sean and Ronnie exemplify this expertise and will do an excellent job serving affordable owner/operators in the New York market and nationwide,” said Trent Brooks, President of Red Mortgage Capital.
Previously, Sean and Ronnie worked together providing affordable housing services at RBC Capital Markets as well as ACRE Capital. Most recently they served at Barings Multifamily Capital originating a variety of affordable housing loan products including Fannie Mae, Freddie Mac, FHA/HUD and balance sheet executions.
Sean has over 23 years of experience, including as Senior Managing Director in Affordable Housing Originations at Barings, as well as Director at RBC specializing in tax-exempt bond transactions, and as a Senior Vice President in the Municipal Structured Product Group at Moody’s Investors Service. He received his BS in Business Administration from Villanova University and an MBA from Manhattan College.
Most recently, Ronnie was a Director in Affordable Multifamily Lending at Barings. Prior to that, he worked for five years at RBC serving as a senior investment banking associate. Ronnie earned his bachelor’s degree from Baruch College’s Zicklin School of Business.
RED Mortgage Capital is a division of ORIX Real Estate Capital, LLC, a Fannie Mae DUS®, MAP- and Lean-approved FHA, and Freddie Mac small balance lender. ORIX Real Estate Capital Holdings, LLC is headquartered in Columbus, OH and is a wholly owned subsidiary of ORIX Corporation USA. ORIX Real Estate Capital has 16 offices nationwide and approximately 330 employees. Securities, Investment Banking and Advisory Services are provided through OREC Securities, LLC, member FINRA/SIPC.