Columbus, OH (PRWEB) October 01, 2013
Red Mortgage Capital, LLC, the mortgage banking arm of RED CAPITAL GROUP, LLC, is pleased to announce that Mark C. Beisler has been appointed Chairman of The Mortgage Bankers Association’s (MBA) Commercial Board of Governors (COMBOG) Multifamily Council. Beisler is the President and COO of RED.
COMBOG is comprised of MBA member executives representing all aspects of the commercial/ multifamily real estate finance industry. COMBOG leads the strategic development of MBA’s commercial/multifamily policy and initiatives, as well as best practices and standards. It represents the diverse interests of MBA’s member companies through standing councils, which are led by industry leaders and supported by expert staff, and special work groups and task forces.
Beisler has more than 25 years of multifamily/healthcare experience. He has participated in the origination of over $17 billion in Fannie Mae loans, including large structured transactions for many of the nation’s public real estate companies and pension funds. On the FHA side, Mark has overseen the processing and funding of over $7 billion of FHA insured loans under all of HUD’s various programs, including new construction, substantial rehabilitation and refinances for apartments, affordable housing and healthcare facilities. Mark has previously served as Chair of the MBA’s Multifamily Steering Committee and Chair of the Fannie Mae DUS Advisory Council. Currently, he is on the Board of Directors of the National Multi Housing Council in Washington, DC.
“I am very pleased and honored that I have been selected by the multifamily industry to serve as Chair of Multifamily Council for the upcoming year. The next year is a pivotal time for the multifamily and healthcare finance industry as we face the challenge of the deciphering the Government’s role in multifamily housing with GSE reform, FHFA oversight of the GSE multifamily businesses, FHA multifamily office transformation and the disruptions in FHA commitment authority. Said Beisler, We have serious work to do so that we can continue to offer without interruption the necessary multifamily and healthcare finance programs to our customers who provide the needed safe, decent and affordable housing to the majority of America’s workforce and our seniors.”
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 $52 billion of integrated debt and equity capital since 1990 to the multifamily, student and seniors housing, and health care industries through three operating companies. Red Mortgage Capital, LLC is a leading Fannie Mae DUS® and MAP- and LEAN-approved FHA lender with a mortgage servicing portfolio of more than $17 billion. Red Capital Markets, LLC (MEMBER FINRA/SIPC) is a leader 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, a subsidiary of ORIX USA Corporation, is headquartered in Columbus, Ohio and employs approximately 187 people across eleven offices nationwide.
About ORIX USA Corporation
ORIX USA Corporation (http://www.orix.com) is the U.S. subsidiary of ORIX Corporation, a publicly-owned Tokyo-based international financial services company established in 1964. ORIX USA Corporation is a diversified corporate lender, finance company, and advisory service provider with more than $6 billion in assets and an extensive portfolio of credit products and advisory services. ORIX USA is headquartered in Dallas, Texas and has approximately 1,400 employees worldwide.
DUS® is a registered trademark of Fannie Mae.