Capital One Appoints SVP, Chief Underwriter for Multifamily Finance
Capital One announced the appointment of Cortney Mauldin as senior vice president and chief underwriter for multifamily finance.
In this role, Mauldin will be responsible for the oversight and quality control of all underwriting functions related to Federal Housing Administration (FHA) insured transactions, including health care and senior housing FHA multi-family. Before joining Capital One, Mauldin was senior vice president and chief underwriter at the Love Funding Corporation, where he managed the development training and work product of the underwriting team while maintaining relationships with members of the U.S. Department of Housing and Urban Development (HUD) headquarters, Multifamily and LEAN staff.
“Cortney brings significant depth of industry experience and knowledge to Capital One’s commercial real estate business,” Jeff Lee, senior vice president of Capital One Multifamily Finance, said in a statement. “We are confident he will effectively lead the team as we continue to support significant FHA loan volume. As we integrate our new health care platform, we are expanding our underwriting capabilities and elevating the talent level of the team.”
Senior Quality Lifestyle Corporation Names New Leader, Resident as Board Member
Dallas-based senior living community developer Senior Quality Lifestyles Corporation (SQLC) named Stan Waterhouse as the company’s president and CEO. Joe Anderson, SQLC’s Chairman of the Board, made the announcement.
Prior to this appointment, Waterhouse served as Vice Chairman of the Board. He was also COO for the Housing Authority of the City of El Paso where he managed an annual budget of $100 million; vice president for The Ritz-Carlton Company where he spearheaded company expansion to include resorts, private residence clubs, lifestyle communities and golf assets throughout Asia, the U.S. and the Caribbean; and regional vice president for Club Corporation of America, the world’s largest club operator where he was responsible for 25 properties.
“Stan brings to this role extensive management experience in senior housing and hospitality—an ideal portfolio as the board seeks to heighten performance in customer service, operations and finances,” Anderson said in a statement. “Our vision is to be the community of choice in all markets we serve, and Stan’s expertise will help us fulfill that mission.”
SQLC also elected Dr. Jan van Sant as the newest member of its Board of Directors. He is president of the resident council at The Buckingham in Houston, and the first resident to hold a full voting membership on the SQLC board.
Dr. van Sant is a 34-year oil industry veteran, beginning his career with Jersey Production Research Company, an Exxon Corporation predecessor, in 1962. He served in various capacities with Exxon until joining Pennzoil in 1980, retiring as senior vice president of technology and systems in 1996. After retiring, Dr. van Sant was the executive director of the American Geological Institute Foundation.
“SQLC has entered into lifetime contracts with its residents who have a right to participate in the governance process that affects their daily lives and the financial performance of the communities in which they live,” Anderson said. “We are delighted to welcome Dr. van Sant to the board and look forward to his input and contributions.”
RED Capital Group Adds Chief Underwriter of Small Balance Loans
RED Capital Group, LLC added Patrick Graffagnino as chief underwriter of small balance loans.
Graffagnino will coordinate all Freddie Mac and Fannie Mae small loan underwriting activities in this new role by evaluating loan requests, assessing key areas of risk in conformance with small loan credit standards and program requirements. Before joining RED, he was a director and deputy chief underwriter with Greystone Servicing Corporation, managing a team of underwriters and analysts, closing loans across various Fannie Mae and Freddie Mac market rate and affordable loan products.
“We are extremely excited to have Patrick join us,” RED Chief Credit Officer Todd Rodenberg said in a statement. “He has broad real estate lending experience and tremendous depth of knowledge in the small loan space. I am confident he will be a strong catalyst to assist us in achieving our aggressive growth plans and will lead the group to become one of the top producers of high quality small loans throughout the country.”
Mainstreet Unveils Latest Round of New Hires
In the month of March, Mainstreet, the nation’s largest developer of transitional care properties, made nine additions to its team.
Erik Hansen is the new chief compliance officer and broker dealer at Mainstreet. He previously served at OneAmerica Financial Partners, Inc. as an assistant general counsel and Bracewell LLP as an associate attorney.
Amanda Good joined Mainstreet as an executive assistant after working at Sandor Development Company. Lynda Huff also joins the company as an executive assistant, with previous experience including time at Regions and Fifth Third Bank.
Kelly Henderson is Mainstreet’s new director of marketing. She most recently served as the director of marketing and digital services at Koorsen Fire & Security, where she established and developed the marketing and digital program within the company.
Paul Madden comes to Mainstreet as the new construction manager. Before the appointment, he worked at Firestone Building Products, where he served in roles such as accounts manager, national technical manager and training services manager.
The new design manager at Mainstreet is Toby Miller. He has been a senior CAD operator at Simon Property Group, where he managed all drawing of lease and development plans for more than 20 properties nationwide.
Sonja Nelson has been named the new vice president of strategy and business development in Arizona for Mainstreet Health. She comes to Mainstreet with more than 20 years of experience, most recently as the director of strategy and planning for Banner Health.
Elizabeth Racine is the new vice president of clinical operations in Texas for Mainstreet Health. She worked at Harden/TRISUN Healthcare previously, where she was also vice president of clinical operations. Her experience includes regional nurse consultant, director of nursing and wound care consultant.
Finally, Mary Ringis joins Mainstreet as the new asset manager. She joins Mainstreet with over 20 years of property management experience. She previously served as a general manager at Seller Realty, where she was responsible for overseeing the property management team in the Indianapolis area.
SB&A Integrated Marketing, Brooks Adams Research Selects New Business Growth Director
SB&A Integrated Marketing and Brooks Adams Research welcomes Rhonda Stewart as director of business growth and development.
Previously, Stewart served as executive director of The Village at Woods Edge, a senior living community where occupancy increased from 78% to 96% within 18 months under her tenure. Operating revenue doubled during her time in this role, as well, and she spearheaded a $2.2 million capital campaign for facility-wide renovations and improvements.
In her new role, Stewart will be a senior-level consultant on higher levels of care and operational program development and will be involved in management and strategy.
SB&A Integrated Marketing is a marketing firm that focuses on services for senior living providers. Brooks Adams Research conducts market and consumer research.
Presbyterian Homes Appoints New VP of Information Technology
Presbyterian Homes appointed Danny Weinberger as the company’s new vice president of information technology. He will be tasked with coordinating Presbyterian Homes’ efforts to evaluate and test emerging technology that is useful to older adults and serve on the organization’s corporate leadership committee.
Weinberger most recently served as manager of infrastructure services for Presbyterian Homes, where he contributed to elevating technology services throughout the organization for both residents and staff. He also has experience in managing the help desk, data center and network/security operations, budgeting and the infrastructure for team members. Before joining Presbyterian Homes, Weinberger was manager of information technology at CJE SeniorLife, a Chicago-area network that assists older adults and their families.
“Danny will be an excellent steward of our IT initiative,” Presbyterian Homes COO Nadim Abi-Antoun said in a statement. “Under his leadership, I am confident that the organization is well-positioned to meet the technology needs of current residents while anticipating the needs of future ones.”
Emerald Heights Announces New Executive Director
Emerald Heights, a nonprofit continuing care retirement community located in Redmond, Washington, named Grant Linacre as its executive director. He has served as interim executive director since October.
In the role, Linacre is tasked with overseeing day-to-day operations at Emerald Heights, focusing primarily on finalizing plans for the addition of a new assisted living building and the future repositioning of semi-private skilled nursing beds to private rooms.
Before joining the team at Emerald Heights, Linacre served in various roles with Life Care Services, most recently as executive director of Greenwood Village South, a CCRC in Greenwood, Indiana. He was also the administrator at Issaquah’s Timber Ridge at Talus and North Oaks Retirement Community in Baltimore.
“I am very excited about being a part of the future of Emerald Heights and helping to ensure that its long tradition of excellence continues,” Linacre said in a statement.
Written by Kourtney Liepelt
Companies featured in this article:
Brooks Adams Research, Capital One, Charlestown, Club Corporation of America, Emerald Heights, Erickson Living, Exxon Corporation, Fannie Mae, Freddie Mac, Housing Authority of the City of El Paso, HUD, Love Funding Corporation, Mainstreet, National Health Investors, New Senior Investment Group, Pennzoil, Presbyterian Homes, RCM&D, Red Capital Group, Ritz-Carlton, Sandor Development Company, SB&A, Senior Quality Lifestyle Corporation, The Village at Woods Edge