Finance W Minnesota

Minneapolis' Oak Grove Capital adds three senior-level personnel to its staff

Minneapolis-based Oak Grove Capital recently added three senior-level underwriters with an average of 13 years of experience to its growing team.

[caption id="attachment_16415" align="alignleft" width="199" caption="Brian Harris"] Minneapolis-based Oak Grove Capital recently added three senior-level underwriters with an average of 13 years of experience to its growing team.

Brian Harris and Adam Roberts both join Oak Grove Capital as deputy chief underwriters for GSE and FHA lending, respectively. Heath Coryell joins the company as a senior underwriter, where he will focus primarily on seniors housing transactions.

“Our objective is to increase our underwriting capacity to match our sustained production growth by adding deep experience and further strengthening our relationships with Fannie Mae, Freddie Mac and HUD,” said Karen Shea, chief underwriter of GSE lending at Oak Grove Capital. “We are extremely pleased to attract such highly-regarded professionals. By investing heavily in our infrastructure, our loan officers can execute even the most complex transactions and provide the customer-focused service that has become a signature of Oak Grove’s lending.”

Harris joins Jeff Radcliffe as a deputy chief underwriter reporting to Shea. With more than 18 years of experience working within the Fannie Mae and Freddie Mac lending frameworks, Harris brings knowledge in structuring, pricing, underwriting and delivering transactions to both Agencies. Harris has been actively involved in the Fannie Mae and Freddie Mac lending arena since 1995. Prior to joining Oak Grove Capital, Harris was chief underwriter and a member of the senior management team at Grandbridge Real Estate Capital, where he played in integral role in growing their Agency lending portfolio.

Roberts joins the FHA underwriting team as a senior vice president and MAP deputy chief underwriter, reporting to Brian Kelleher, managing director of Oak Grove Capital’s FHA business. Roberts has been in the Agency lending business since 2006 and has facilitated more than 50 FHA transactions totaling over $440 million. He has been MAP approved since 2011, structuring transactions under each of the MAP loan programs. Prior to joining Oak Grove, Roberts was a senior underwriter at Red Capital Group.

Coryell comes to Oak Grove Capital from Berkadia, where he was involved in over $3.5 billion in financings as an underwriter. His 15 years of experience in seniors housing has given him a wealth of knowledge in underwriting and delivering transactions to both Fannie Mae and Freddie Mac.