COLUMBUS, OH (PRWEB) June 29, 2012
RED CAPITAL GROUP, LLC (“RED”) is expanding its health care and seniors housing platforms, with the hiring of Kathryn Burton Gray to lead the effort nationwide. Burton Gray will play a key role in RED’s continued expansion in the industry. With over 25 years of experience, Burton Gray brings a proven history of strategic business development, lending expertise, and market share growth. Kathryn previously served as a managing director with CIT’s health care unit.
RED is executing an aggressive growth initiative and will be adding at least 40 new employees over the next several years to expand its footprint and services.
Michael J. Moran, Chairman & CEO of RED, stated, “The financial strength and support of our shareholders gives RED the ability to grow significantly and broadly; Kathryn is the most recent step in the firm’s growth. We are a non-bank financial services firm that serves the multifamily, senior housing and health care markets. RED has the flexibility to provide its clients all parts of the capital stack while offering a single point of execution. RED will use this flexibility to grow our core businesses and strategically expand into complementary initiatives. We see tremendous opportunity in the seniors and health care industries. With Kathryn, RED has a respected and creative industry expert who will staff, manage and grow RED’s team, use our balance sheet to significantly expand our presence, and increase Fannie Mae, Freddie Mac Seniors and FHA mortgage originations.”
Mark C. Beisler, President & COO of RED, remarked, “We are extremely fortunate and excited to welcome Kathryn to the RED team. RED’s seniors housing group has consistently been a national leader for many years, providing close to $600 million in new loan originations for Fannie Mae, Freddie Mac Seniors and FHA over the past year, making RED one of the largest seniors housing lenders in the nation. RED has also provided over $100 million of bridge loans to assist our customers in the acquisition and repositioning of properties in advance of an agency permanent mortgage. As the nation’s second largest FHA lender in 2011, a top 10 Fannie Mae DUS® lender, and a provider of bridge financing , we look to expand these activities with over $900 million in new agency originations and bridge loans in seniors housing and health care over the next twelve months. Under Kathryn’s leadership, we fully expect to further distinguish RED as a national leader, expand our presence in the seniors housing industry, and better serve our customers and prospects.”
Kathryn Burton Gray commented, “RED continues to be a leader and major player in the seniors housing finance sector. Along with its financial partners and shareholders, RED is committed to a platform that ensures continued excellent service to its existing customer base. I look forward to expanding the platform to new customers and new areas while continuing a high level of service. Needless to say, I am thrilled to be part of a dynamic, smart and entrepreneurial firm.”
RED CAPITAL GROUP, LLC is committed to being the nation’s premier provider of capital across the spectrum of multifamily, affordable and seniors housing and health care asset classes.