RED Capital Group Announces Promotions of James F. Croft and Robert T. Kirkwood
Red Capital Markets Chairman Croft Also Assumes CEO Role;
Kirkwood Named CFO of RED CAPITAL GROUP
COLUMBUS, OH – RED CAPITAL GROUP, LLC (“RED”) Chairman and CEO Wm. E. Roberts announced that James F. Croft, Chairman of broker-dealer entity Red Capital Markets, LLC (member finra/sipc), also has assumed the role of Chief Executive Officer for that organization, and that Robert T. Kirkwood who had been serving as RED’s Interim CFO has been named Chief Financial Officer of RED CAPITAL GROUP, LLC.
Mr. Croft is an industry veteran with more than 20 years of investment and commercial mortgage banking experience. He joined RED’s predecessor entity in 1991 and is a national expert in the financing of multifamily housing and health care projects, having senior managed over $3.0 billion of fixed and variable rate transactions. He has served on Boards for the National Leased Housing Association and the Ohio Housing Council, including a term as president.
More recently at RED, Mr. Croft has been responsible for growing the firm’s Mortgage Banking Services business, which offers to other mortgage banking/lending organizations loan funding, loan servicing and Ginnie Mae® and Fannie Mae® MBS distribution services, the latter through its registered broker-dealer Sales & Trading operations. Mr. Croft will continue to lead the Mortgage Banking Services business while also expanding his effort to growing the firm’s broker-dealer operations.
Mr. Kirkwood formally assumes the role of Chief Financial Officer of RED CAPITAL GROUP, LLC. He joined RED in November 2004 where he served as Director of Accounting & Finance, responsible for managing the day to day operations of the accounting group. He now is responsible for all financial and fiscal aspects for RED CAPITAL GROUP and its subsidiaries. He will lead and coordinate the administrative, business and strategic planning, treasury, accounting, budgeting and financial reporting efforts of the company. Mr. Kirkwood is a registered Financial and Operations Principal (FINOP) Series 27.
Operating nationwide since its inception in 1990, RED CAPITAL GROUP, LLC is recognized for its industry expertise, innovative and comprehensive structures, and consistently high lender rankings. Red Mortgage Capital, LLC is one of the nation’s top three FHA lenders for overall Multifamily/LEAN experience, having closed more than 100 transactions totaling nearly $1.2 billion during HUD FY2011, and also is an active Fannie Mae DUS® lender for both multifamily and seniors and an approved Freddie Mac Seller/Servicer for Seniors on a national platform.
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.
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About RED CAPITAL GROUP, LLC
RED CAPITAL GROUP, through three operating companies, provides integrated debt and equity capital to the multifamily, student and seniors housing, and health care industries. Red Mortgage Capital, LLC is: a leading Fannie Mae DUS® lender for both Multifamily and Seniors Housing; one of the nation’s most active FHA Multifamily/Seniors lenders (MAP- and LEAN-Approved); a national Freddie Mac Seniors Housing Seller/Servicer; an active financier of Critical Access, community and rural hospitals; and services nearly $15 billion of income property mortgage loans. Red Capital Markets, LLC (member finra/sipc) is: a leader in the trading and distribution of Fannie Mae and Ginnie Mae Project MBS; an active underwriter of developer-driven multifamily housing bonds; and also is remarketing agent for nearly $1.4 billion in variable rate demand tax-exempt and taxable housing and health care bonds. Red Capital Partners, LLC delivers proprietary debt and equity to the multifamily and health care industries and provides asset management services for RED’s proprietary debt and equity investments.
RED CAPITAL GROUP is headquartered in Columbus, Ohio, employs approximately 200 people and maintains nine offices nationwide. Since 1990, the bankers of RED CAPITAL GROUP have provided over $52 billion in taxable and tax-exempt first mortgage debt, mezzanine level capital and equity to multifamily, seniors housing, health care, and other real estate properties nationwide. RED CAPITAL GROUP is a subsidiary of ORIX USA Corporation.
About Our Parent ORIX USA Corporation
ORIX USA Corporation (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.
Red Mortgage Capital, LLC is a licensed FHA MAP and FHA LEAN lender.
DUS® is a registered trademark of Fannie Mae.
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RED CAPITAL GROUP, LLC
Linda L. Mackov, Senior Managing Director