SUMMIT, N.J.--(BUSINESS WIRE)--Aug 15, 2023--
Toorak Capital Partners (“Toorak”), a leading capital provider to private lenders in the residential real estate lending industry, today announced that Scott Goldman has joined the company as Head of Asset Management. Goldman will be responsible for managing Toorak’s asset portfolio and servicing oversight process.
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“We are excited to welcome Scott to our management team,” said John Beacham, CEO of Toorak. “His expertise in residential mortgage finance, risk management, secondary marketing, and servicing operations will be instrumental in helping us continue to strategically align and expand our business.”
Goldman brings nearly 25 years of experience to the firm. Prior to joining Toorak, he served as Vice President at Cenlar FSB, where he developed and implemented critical enterprise-wide risk management processes. During his 17-year tenure at Ally, Goldman rose to the position of Managing Director, leading a team of 25 associates managing mortgage service operations for the bank’s $11 billion portfolio.
“I am delighted to join Toorak and its experienced team,” said Goldman. “The company continues to set the bar as an industry leader, and I look forward to contributing to its growth and success.”
Earlier in his career, Goldman was a Special Assistant to the Deputy Mayor for the District of Columbia. He earned a Bachelor’s in Political Science from University of Pittsburgh, and a Master’s in Public Policy & Finance from American University.
With capital commitments from credit funds and accounts managed by KKR, a leading global investment firm, Toorak has revolutionized the way private lenders of business purpose real estate loans access capital. Toorak was the first to link small-balance commercial and residential originators with institutional capital and has perfected this approach in the single-family residential bridge, multifamily bridge, and 30-year single family rental lending space.
About Toorak Capital Partners
Toorak Capital Partners is an integrated correspondent lending platform based in Summit, NJ. Toorak acquires small-balance, business-purpose loans backed by residential, multifamily, and mixed-use properties throughout the U.S. and the U.K. Toorak acquires loans directly from lenders that originate high credit quality loans. Toorak’s principals have a deep understanding of mortgage credit in the residential and commercial space with backgrounds in real estate lending, capital markets, securitization, asset-liability management, asset management and credit. Since inception, Toorak has provided more than $10 billion in capital and funded over 26,000 mortgage loans. Toorak-funded projects are expected to renovate, stabilize or provide rental housing for over 50,000 families.
Further information is available at www.toorakcapital.com.
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CONTACT: Media
Sarah Tornatore, Stanton
stornatore@stantonprm.com
646-502-3526
KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY REIT
SOURCE: Toorak Capital Partners
Copyright Business Wire 2023.
PUB: 08/15/2023 09:00 AM/DISC: 08/15/2023 09:01 AM
http://www.businesswire.com/news/home/20230815916528/en
