TAMPA, Fla.--(BUSINESS WIRE)--Roemanu, a holding company focused on originating and investing in business purpose mortgage loans across the U.S. and U.K., and its subsidiary Toorak Capital Partners (“Toorak”), today announced the opening of their new joint headquarters at Water Street Tampa’s Thousand & One office tower. Merchants Mortgage & Trust Corporation, LLC, also a subsidiary of Roemanu, will continue to operate out of its current headquarters in Greenwood Village, Colorado.
Tampa Mayor Jane Castor, Strategic Property Partners CEO Josh Taube (developer of Water Street Tampa), Patie Powers from the Tampa Bay Chamber of Commerce, other local business leaders, and executives from Toorak, Roemanu and KKR, which invests in Roemanu through its credit funds and accounts, attended a ribbon-cutting ceremony yesterday to celebrate the opening of the new headquarters.
"Downtown Tampa is the ideal location for our headquarters due to its business-friendly environment, educated work force, and proximity to some of our biggest clients and markets. We were particularly drawn to Thousand & One’s superior amenities and design, along with its central location in the vibrant Water Street neighborhood,” said John Beacham, CEO of Toorak and Roemanu. “We look forward to hiring a number of employees from the surrounding area, including local university graduates, to fill multiple new positions during the coming months.”
"We are proud to welcome Toorak to Tampa and are excited about the positive impact the company will have on our great city,” said Mayor Castor. “Their dedicated efforts to supporting those hoping to fulfill the dream of homeownership is sure to be an asset to our fast growing population.”
“Toorak is continuing to transform and institutionalize the asset-based real estate finance industry through its innovative strategies and focus on providing reliable capital to lenders,” said Avi Korn, Managing Director and Co-Head of U.S. Asset-Based-Finance at KKR. “The opening of its Tampa headquarters will enable the company to grow its platform well into the future.”
The new headquarters will be home to CEO John Beacham and key personnel in Toorak’s asset management, loan acquisition, legal and financial planning departments. The company will continue to maintain a significant presence at its prior headquarters in Summit, New Jersey.
About Toorak Capital Partners
Toorak Capital Partners is an integrated correspondent lending platform that funds business-purpose loans backed by residential, multifamily, and mixed-use properties throughout the U.S. and the U.K.
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.
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 $12 billion in capital and funded over 30,000 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.
About Roemanu
Roemanu is a holding company focused on originating and investing in business purpose mortgage loans across the U.S. and U.K. Roemanu is the parent company of Merchants Mortgage & Trust Corporation, LLC, an originator of residential transition and stabilized investor loans, and Toorak Capital Partners, an integrated correspondent lending platform that funds business-purpose loans backed by residential, multifamily, and mixed-use properties. Learn more at www.roemanu.com.
