John has completed more than $50 billion in transactions over his 25-year career and has structured financings which won CMBS or structured finance “Deal of the Year” awards four times. Prior to Toorak, John was the founder and President of B2R Finance, the leading mortgage origination company focused on the single family rental and residential bridge loan markets. B2R Finance (now Finance of America Commercial) is a Blackstone portfolio company.
Before founding B2R, John led Deutsche Bank's single family rental lending practice where he originated more than $5 billion in single-family rental loans made to large institutional acquirers of homes and structured the first ever securitization of single family rental properties. Prior to the formation of the SFR platform, John originated large balance commercial real estate loans in the CMBS group at Deutsche Bank and worked in the financial institutions investment banking groups at Deutsche Bank and Credit Suisse First Boston.
John graduated from Princeton University magna cum laude with an A.B. degree in economics.
Chief Financial Officer
Eli has over 20 years of experience in real estate finance, treasury and accounting operations. Prior to joining the Toorak executive team, Eli worked for B2R Finance, the leading mortgage origination company focused on the single family rental and residential bridge loan markets. As B2R’s Treasurer, Eli oversaw the Company’s cash and liquidity management activities covering loan origination, business operations and the Company’s warehouse and mezzanine financing activities in support of B2R’s multiple functional and product areas, including the Dwell Bridge Lending Platform.
Prior to joining B2R, Eli served as the Corporate Controller of Northstar Realty Finance Corp, a diversified commercial REIT, where he was responsible for managing daily liquidity for the Company’s various assets and entities as well as supporting the Company’s expanding reporting and compliance requirements. Prior to that, Eli was a senior manager in PricewaterhouseCoopers’ Banking & Capital Markets Assurance practice, where he served for 14 years, including a 2-year rotation in the Firm’s national office, where he supported a variety of residential, commercial, consumer and specialty lending clients.
Eli graduated with honors from the University of California, Santa Barbara with a B.A in Business Economics.
Managing Director and Head of Credit
During Carole’s over 20 year career in capital markets, she has managed over $30 billion in ABS, RMBS, and CMBS transactions. Carole was most recently the Managing Principal of M1 Strategic Advisors, a strategic consulting firm supporting specialty finance, hedge fund, and financial services companies. Prior to M1, Carole served as Chief Operating Officer at Ready Capital, a publicly-traded, mortgage Real Estate Investment Trust (mREIT), externally managed by Waterfall Asset Management. Carole, also served as Managing Director at Waterfall, leading capital markets and asset management activities across the funds and managed a number of key M&A transactions, including the acquisition of residential, commercial, and small business lending platforms and portfolios. Carole was also a key member of the leadership team that took Ready Capital public.
Carole has held several leadership roles at investment banks, supporting large mortgage conduits at UBS, Credit Suisse, and Société Générale. Carole began her capital markets career as an RMBS analyst at Moody’s Investors Service. Carole holds a bachelor’s degree in Political Science from Seton Hall University.
Managing Director Business Development & Capital Markets
Ketan has over 25 years of experience in residential structured products, mortgage and real estate banking. Prior to Toorak, Ketan was a Managing Director at Invictus Capital Partners, an alternative mortgage credit fund, where he was in charge of the business purpose loan business which included sourcing loans, managing credit and operations and portfolio and asset management. Prior to Invictus Ketan was a Partner & Managing Director at Window Rock Capital Partners, a mortgage credit fund which acquired residential mortgage loans -- specifically non-owner-occupied business purpose loans. Previously Ketan was Managing Director at Premium Point Investments, where was in charge WinWater’s residential whole loan conduit, acquiring and securitizing prime jumbo loans.
Ketan was also previously a Director with Bank of America Merrill Lynch for eight years, overseeing a variety of business lines including disposition of NPLs and REOs, securitization and mortgage lending solutions for all types of residential mortgage loans and led the SFR lending business. Prior to Bank of America, Ketan was at UBS co-heading the mortgage and asset-backed banking group. Ketan also headed capital markets at Ameriquest Mortgage Company, after having worked at KPMG and PricewaterhouseCoopers.
Ketan holds a BBA in Accounting and Finance from James Madison University.
Director and Head of Business Development and Loan Acquisitions in the UK
Prior to Toorak, Tim was CEO and founder of Cogent Investments for over 9 years, a multi-national distressed asset platform, deploying over $100 million across both UK and US residential markets; acquiring over 500 individual assets through NPL acquisitions, foreclosure and administration sales. Alongside this, Tim founded a US-based asset management business to oversee the various portfolio requirements, acquisitions, construction management, property management and eventual disposal of assets.
Alongside Cogent, Tim worked with UK bridge and mezzanine lender Calmez, focusing on low value, high volume loan origination, working to grow the overall loan book while concentrating on improving credit quality. Tim also worked for two of the top London surveying firms and a residential investment fund prior to founding Cogent Investments.
Tim holds a bachelor’s degree in Engineering from Salford University.
Director and Head of Asset Management and Reporting
Kevin brings over 30 years of experience in the commercial real estate debt industry and he has closed more than $30 billion in complex transactions for major entities including JP Morgan Investment Management, Merrill Lynch, Macquarie, JE Roberts. Prior to joining Toorak, Kevin was Principal and Head of Asset Management at Woodbridge Investments where he was responsible for the asset management of a $850 million special servicing platform. Kevin’s experience includes balance sheet and securitized originations, portfolio management, acquisitions and dispositions. He also has significant experience managing teams through credit cycles, including acquisition of distressed debt and management of more than $15 billion in debt, REO and equity positions.
He holds a MS and MBA from The University of Bridgeport and has lectured as adjunct faculty at the NYU real estate program.
Chief Technology Officer
Sachin Venugopal is Chief Technology Officer at Toorak Capital Partners, responsible for driving operational efficiencies and transparency across Toorak’s best-in-class proprietary technology platform.
Sachin brings over 20 years of experience in developing enterprise technologies, he has designed and created software solutions for Fortune 500 companies and a leading investment management firm. Prior to joining Toorak, Venugopal served as a Vice President of Engineering at AQR Capital where he focused on digital and marketing technologies, and Senior Director of Engineering at McGraw-Hill where he focused on e-commerce and enterprise services.
Sachin holds a Bachelor’s degree of Engineering in industrial electronics from Marathwada University.
Daniel Hall, CFA, is Principal in Toorak Capital Partners, where he is focused on credit of the 30 Year DSCR and the consumer loan programs.
Daniel most recently served as Senior Vice President at DBRS Morningstar Credit Ratings where he was responsible for credit analysis across traditional and non-traditional asset classes. He began his career at S&P Global as an Analyst on RMBS transactions team, and eventually served as Director and RMBS Team Leader, where he focused on new ratings issuance.
Daniel holds a Bachelor of Science degree in Quantitative Finance and Economics from James Madison University.
Principal and Head of Loan Acquisition
Joe brings over 30 years of experience in mortgage capital deal management and has expertise in portfolio acquisitions, management and securitizations, as well as lending operations and credit/risk management. Joe served as Senior Vice President and Head of Credit at Verus Mortgage Capital, a position he also held at Window Rock Capital Partners, LLC., and WinWater Home Mortgage. Throughout his career, Joe has held senior leadership roles at Arbor Residential Mortgage, LLC., Nomura Securities, Bank of America, Credit Based Asset Servicing Securitization, Countrywide Securities Corporation, and Bear Stearns.
Joe holds a Bachelor of Science degree in Finance from Western New England College.
Aleksandra Simanovsky is the Principal in the Capital Markets Group focused on the securitization program and marketing efforts at Toorak Capital Partners.
Aleksandra has over 15 years of experience in covering commercial real estate and residential real estate loan sectors. Before joining Toorak, Aleksandra spent 4 years as a Vice President in Deutsche Bank’s Commercial Real Estate Group, where she led the new issuance of over $40 billion in commercial real estate backed securitization deals.
Aleksandra began her career as a credit analyst at Moody’s Investors Service, where between 2003 and 2014 she worked in the Residential Mortgage-Backed, Asset-Backed and the Commercial Mortgage Backed-Securitization groups and underwrote real estate loans, modeled cashflows, and authored, presented, and published credit opinions, research and methodologies, Her research has been cited in Bloomberg/Businessweek, CNBC, HousingWire and Washington Post.
Aleksandra and her husband invest personally in real estate, currently owning 11 rental units and one office property that they purchased, rehabilitated, and leased in Staten Island, New York. Aleksandra graduated magna cum laude with a B.S. in finance from Pace University.
Principal and Head of Trading
Frank, throughout his 13-year career, has traded residential whole loans and bonds and managed securitizations at Fortress Investment Group, Shellpoint Partners, Ranieri Partners Asset Management, and PWC.
Prior to joining Toorak, Frank was a portfolio manager and trader at Fortress Investment Group where he was responsible for managing the Non-QM platform, including whole loan acquisition and securitization, along with the agency MBS portfolio and legacy non-agency call rights business.
Frank graduated from the University of Maryland, College Park with a B.S. in Finance and Accounting. He then graduated with honors from the Stern School of Business at New York University with an MBA in Real Estate and Corporate Finance.
STEPHEN J. TYDE, JR.
Principal and Head of Special Servicing
Prior to joining Toorak, Stephen spent 8 years as a Director with Rialto Capital Advisors in Atlanta where he ran whole loan workouts, special servicing, and REO. His teams generated over $394 million in whole loan workout revenue over a five-year period, and over $110 million in one year. Stephen previously served as Vice President of Loan Servicing at DLP Real Estate Capital, where he was responsible for all facets of servicing a $450 million loan portfolio. His experience also includes senior positions with publicly traded homebuilders, having run land acquisition and development for divisions of Pulte Homes, Beazer Homes, and Levitt & Sons.
Earlier in his career, Stephen spent 7 years as a litigation attorney specializing in real estate and commercial litigation, land use and zoning, and bankruptcy.
He holds an M.B.A. from The Goizueta School of Business at Emory University, a J.D. from The Walter F. George School of Law at Mercer University, and a B.S. in Business Administration from University of Tulsa.
Principal and Deputy Head of Credit
Jason, over his 15+ year career has been involved in the underwriting of more than $5 billion in debt and equity transactions across multiple asset classes and types. Prior to joining Toorak, Jason was Director at Hunt Real Estate Capital, focusing on the origination of multifamily housing, and previously served as the Deputy Chief Underwriter for Hunt. Prior to joining Hunt, Jason was AVP at Arbor, where he most recently was part of the team that developed Arbor Loan Express (“ALEX”) -a seamless automated lending platform. Additionally, he was part of the team responsible for building out the Freddie Mac Small Balance Loan (SBL) Program. His responsibilities included the underwriting of both Fannie Mae and Freddie Mac debt, as well as supporting the development of new business lines.Before Arbor, Jason held underwriting and analytical positions at Housing Development Fund, UBS and Related Capital / Charter Mac.
Jason holds a BBA in Finance from Hofstra University and a M.S. in Real Estate Finance from New York University’s Schack Institute of Real Estate.