Toorak Capital Partners Hires CTO, Makes Significant Investment in Proprietary Technology
Updated: Mar 6, 2020
Firm Invests in Automated Loan Acquisition Technology to Increase Efficiency and Transparency for Lenders
SUMMIT, N.J.--(BUSINESS WIRE)--Toorak Capital Partners, the largest capital provider to the private real estate lending industry, announces today the firm is investing in a new technology platform to improve customer experience for its network of lending partners. To develop the platform, the firm has hired Sachin Venugopal as Chief Technology Officer.
“Toorak Capital Partners has always strived to provide the best possible service for our partner lenders. We are committed to take our customer service to the next level by investing in a new technology platform,” says John Beacham, CEO of Toorak Capital Partners. “We’ve always felt that if it’s easy for our customers to work with us, our business will grow. This belief has proven true over the years and it is the reason we have hired a top-tier CTO, like Sachin Venugopal, to upgrade our technology platform.”
Sachin, who has over 20 years of experience building customer focused digital platforms at AQR Capital, McGraw Hill and Lexis Nexis, will develop a proprietary technology platform to automate the loan submission, review and closing processes. Sachin will also be charged with improving overall operations and efficiency of the firm’s technology stack.
“Toorak is a data-focused capital provider which understands that technology and customer experience go hand in hand. Our goal is simple - make the loan process easy and efficient for our lenders. Toorak has been remarkably innovative in its approach and I’m incredibly excited to be part of an amazing team focused on further improving and streamlining the loan process for lenders,” says Sachin.
Backed by global investment firm KKR, Toorak Capital Partners has revolutionized how real estate investors access capital. The firm was the first to link small-balance commercial and residential originators with institutional capital. Toorak Capital Partners perfected this approach in the single-family residential bridge lending space, funding more than $3.0 billion in loans since 2016. The firm also offers, ground-up construction loans and single-family rental term loans.
To learn more about Toorak Capital Partners’ correspondent lending platform, please contact Devang Patel at firstname.lastname@example.org or (212) 461-4135.