Lending platform Toorak taps credit veterans

Toorak Capital Partners hired Carole Mortensen and Ketan Parekh as managing directors as the firm seeks to expand further into the institutional arena. Backed by KKR, Toorak was the first to link small-balance commercial and residential originators with institutional capital and has focused on the single-family residential bridge and 30-year single family rental ending space. Mortensen joins as head of credit after having managed more than $30 billion in ABS, RMBS and CMBS transactions over her 20-year career. She had been at M1 Strategic Advisors, a consulting firm that supports specialty finance companies, where she served as managing principal. Prior to M1, however, she held leadership roles of increasing responsibility during her 8-year tenure at Waterfall Asset Management, culminating in her appointment as chief operating officer. “I am thrilled to lead Toorak’s credit team,” said Mortensen. ”I joined Toorak because I believe its lending solutions and solid team uniquely position the firm to drive significant growth in 2020 and beyond.” “This is a remarkable growth period for Toorak,” said John Beacham, CEO of Toorak. “Carole is a proven business builder who will help shape Toorak’s ability to further institutionalize this space and Ketan’s senior-level insight and proven ability to build strong relationships will be invaluable assets to our growing firm.” Parekh joins as head of business development and capital markets at Toorak from Invictus Capital Partners, a Washington, D.C.-based alternative mortgage credit fund, where he served as managing director and led the firm’s business-purpose loan operations, overseeing loan sourcing, managing credit, operations and portfolio, and asset management. “I look forward to joining the team at Toorak Capital Partners,” said Parekh. “The team has built an excellent reputation among investors and I look forward to building upon this legacy and contributing to Toorak’s continued success.”

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