Roemanu, the parent company of Toorak Capital Partners and Merchants Mortgage, made an announcement on Tuesday regarding the hiring of Charles Macintosh, a former executive at Finance of America, as their new chief operating officer.
Macintosh will also be joining Roemanu’s executive committee and will be responsible for overseeing various aspects of the business from the company’s headquarters in Tampa and office in Summit, New Jersey. He will be reporting to John Beacham, the CEO of Roemanu and Toorak.
Toorak Capital Partners is a prominent provider of business-purpose mortgages that are secured by residential, multifamily, and mixed-use properties. Established in 2016, the company facilitates connections between small-balance residential and commercial mortgage originators with institutional capital. To date, the company has funded over $13 billion across 35,000 loans.
On the other hand, Merchants Mortgage specializes in fix-and-flip as well as debt-service-coverage ratio (DSCR) loans for non-owner-occupied properties.
Beacham expressed his confidence in Macintosh, stating, “Mac brings with him more than 25 years of experience in fixed income, capital markets, and investment banking within the mortgage industry. His exceptional leadership abilities and financial acumen will play a crucial role in advancing Roemanu and its subsidiaries.”
Macintosh most recently held the position of president of the home improvement division at Finance of America. He has also previously served as a managing director at FirstKey Holdings and held leadership positions in residential mortgage-backed securities (RMBS) trading at Raymond James and Merrill Lynch.
Expressing his enthusiasm, Macintosh stated, “I am excited to collaborate closely with John and the rest of the executive team at Roemanu, utilizing their cutting-edge technologies to further their mission of addressing the housing shortage through funding business-purpose residential mortgage loans.”
Roemanu and its subsidiaries receive financial backing from global investment firm KKR, which acquired Merchants Mortgage in 2022. KKR recently announced the raising of $4.6 billion to support various midsized real estate deals across North America.
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