SUMMIT, N.J.--(BUSINESS WIRE)--Toorak Capital Partners, the largest capital provider to the residential bridge real estate lending industry, today announced that it has expanded the asset management team with the hires of Kevin Tatro as Head of Asset Management & Reporting and Stephen J. Tyde Jr. as Head of Special Servicing.
“Behind the billions of dollars of capital that we provide to the private lending industry is a rigorous hands-on approach to servicing and asset management,” said John Beacham, CEO of Toorak Capital Partners. ”Kevin and Stephen bring deep expertise in their respective areas of responsibility, and we are confident in their ability to manage our loan portfolio today and going forward as we continue to focus on building out our institutional real estate asset management platform.”
“Toorak has built an excellent reputation in the private lending industry and among its growing, nationwide network of originators. We look forward to helping to build upon the strong progress to date, and contributing to the further development of Toorak’s asset management capabilities,” added Tatro and Tyde.
Tatro brings over 30 years of experience in asset management and commercial real estate debt to Toorak. He most recently served as Principal and Head of Asset Management at Woodbridge Investments and has held leadership positions at Macquarie Group, Doral Group, Landesbank Baden-Württemberg and J.P. Morgan Investment Management. Kevin holds an MS and MBA from The University of Bridgeport and has served on the adjunct faculty at the Schack Institute of Real Estate at New York University.
Tyde has extensive experience in whole loan workouts, special servicing, and REO. He served as a Director with Rialto Capital Advisors, and held leadership positions at DLP Real Estate Capital, Pulte Homes, Beazer Homes, and Levitt & Sons. Earlier in his career, Stephen was an attorney specializing in real estate and commercial litigation, land use, zoning, and bankruptcy. He holds an MBA from The Goizueta School of Business at Emory University, a JD from The Walter F. George School of Law at Mercer University, and a BS in Business Administration from the University of Tulsa.
Backed by global investment firm KKR, Toorak Capital Partners has revolutionized the way real estate investors access capital. The firm was the first to link small-balance commercial and residential originators with institutional capital, and perfected this approach in the single-family residential bridge and 30 year single family rental lending space.
To learn more about Toorak Capital Partners’ correspondent lending platform, please contact the firm at toorakcapital@toorakcapital.com or 212-393-4100.
About Toorak Capital Partners
Toorak Capital Partners is an integrated correspondent lending platform that funds small balance business purpose residential, multifamily and mixed-use loans throughout the U.S. and the United Kingdom. Headquartered in Summit, N.J., Toorak Capital Partners acquires loans directly from private lenders that originate high credit quality loans. Toorak Capital Partners’ 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. Toorak Capital Partners-funded projects have renovated or stabilized housing for more than 9,000 families to date – an average of more than 500 families every month. Further information is available at www.toorakcapital.com.
