Columbus, OH (PRWEB) April 05, 2013
Comprehensive capital provider RED CAPITAL GROUP, LLC today announced that according to a recent 2012 Annual Origination Rankings report released by the Mortgage Bankers Association, RED’s mortgage banking arm, Red Mortgage Capital, LLC, was the top originator for FHA/Ginnie Mae loans in 2012 providing 231 FHA loans totaling $2.176 billion.
During the year, as a whole, the firm completed 330 transactions totaling more than $3.3 billion in capital to the multifamily, affordable, student and seniors housing and health care industries nationwide. Compared to the previous year, the totals represent a 40% increase in the number of transactions and a 13% increase in volume, setting the second best year in the firm’s more than two-decade history. In 2008, the firm funded nearly $4.1 billion in multifamily and seniors housing loans.
Our 2012 year-end accomplishments include:
Mark C. Beisler, Chief Executive Officer of Red Mortgage Capital, LLC said, “I want to thank our clients and employees for another year with spectacular results. FHA and Fannie Mae continued to work with us in delivering exceptional service and reliability to our mutual customers. HUD’s significant increase in production these past few years is remarkable, especially in light of the decreased resources at HUD for this business. HUD’s loyal and dedicated staff made this increase possible. Everyone at RED wants to thank and acknowledge HUD's hard work in this substantial ramp up of production. Likewise, Fannie Mae multifamily has done a great job. Our DUS partnership with Fannie Mae provides our customers reliable and predictable access to capital very efficiently. As we focus our energies on 2013, we will remain true to our core belief – take care of your customers’ needs and your business will take care of itself.”
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 $16 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 180 people across nine 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 Corporation is listed on the Tokyo (8591) and New York (NYSE:IX) stock exchanges. 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.