Red Capital Taps Industry Expert to Lead Healthcare, Seniors Housing Expansion

Growth in demand for healthcare and seniors housing financing has prompted Red Capital Group L.L.C. to expand its seniors housing and healthcare platforms, and it has tapped industry veteran Kathryn Burton Gray to lead the charge.

Growth in demand for healthcare and seniors housing financing has prompted Red Capital Group L.L.C. to expand its platform in two sectors, and the debt and equity capital provider has tapped industry veteran Kathryn Burton Gray to lead the charge.

“The seniors (sector) is a huge opportunity platform to expand. There is significant growth and a lot of customers looking for seniors finance, with the Baby Boomers coming up in the next 15 years,” William Meyer, a vice president with Red Capital, told Commercial Property Executive. “We’ve had a very established platform, and this is a great opportunity to expand that and grow into the existing need and the future need that we anticipate.” Red Capital’s business centers on providing financing to the seniors housing and healthcare industries, as well as the multi-family and student housing sectors.

During the past year, the firm’s seniors housing group has been quite active, having provided nearly $600 million in new Fannie Mae, Freddie Mac Seniors and FHA loan originations. It is now targeting approximately $900 in new agency originations and bridge loans in the seniors housing and healthcare sectors.

Gray is well qualified to spearhead the effort. She joins Red from CIT’s healthcare unit, where she held the position of senior managing director, and brings to the table a quarter-century of experience in the industry. “We’re really interested in her business development expertise and her expertise on the balance-sheet lending side, which is a unique piece of our product stack,” Meyer said.

RED shareholders are placing balance-sheet lending high on their list for expansion. “One of our biggest selling points is our unique ability on our balance-sheet side and the apparent commitment to support. That is huge–that’s what makes us unique from a lot of other lenders.”