2020 HousingWire Rising Star: Devang Patel, Toorak Capital Partners
2020 HousingWire Rising Star: Devang Patel
Toorak Capital Partners Director of Business Development and Acquisitions,
In just four years, Devang Patel assisted in building a nationwide correspondent network and acquisitions process for Toorak Capital Partners that has purchased more than $3 billion in loans. In 2016, Patel was the first hire for KKR’s loan-aggregation platform, Toorak Capital Partners, where he now reports directly to the CEO. Patel was instrumental in building an operational front-to-back loan purchasing process, which has facilitated the purchase of over 13,000 loans and a multi-billion-dollar loan balance since 2016. Throughout his career, Patel has excelled at taking on increasing levels of responsibility across equity capital management, loan securitizations, ratings operations, due diligence and business development. Patel manages a team for business development, relationship management, client onboarding and loan due diligence operations. He regularly presents at KKR Board of Directors meetings, where he has spoken on Toorak Capital Partners business development, operations and credit performance.
What is the best piece of advice you have ever received? “Work hard and take a chance on yourself. For 18 months, Toorak employed five employees. I took a leap of faith and was rewarded with the opportunity to help build the largest capital provider to the residential bridge market. I am thrilled that I seized this fantastic opportunity.”