Scott Croul has been named Senior Managing Director and Head of Small Balance Originations for RED Mortgage Capital, LLC, the Mortgage banking arm of comprehensive capital provider RED Capital Group LLC.
Mr. Croul joined RED on February 12, 2018, and brings 30 years of mortgage lending experience across all institutional property types to RED with extensive background in multifamily lending. He joins RED from Freddie Mac Multifamily where he was Senior Managing Director and head of production and sales for the Western Region, responsible for the agency’s conventional multifamily business in the region and the region’s four production offices. Croul was previously Managing Director and head of Underwriting and Credit for Freddie Mac’s Western Region. He brings strong expertise in loan origination, strategic growth and leadership, along with deep industry relationships.
At RED, Croul is tasked to grow the company’s national Freddie Mac and Fannie Mae small balance lending platform, expand its national presence and position RED’s Small Balance Loan Group into an industry leader.
“We continue to execute on our growth strategy with the most recent hire of Scott Croul to the firm,” stated Ted Meylor, Chairman and CEO of RED Capital Group. “With his vast industry experience—particularly with Freddie Mac—he is the perfect choice to lead our Small Balance Loan team and increase RED’s market share.”
“Scott is the consummate professional. His product knowledge and commitment to customer satisfaction will greatly enhance our growth and success within the Small Balance Loan market,” stated Trent Brooks, President and National Head of Production for RED.
Prior to joining Freddie Mac Multifamily, Mr. Croul led regional operations at John Hancock Real Estate Finance Group and was a mortgage banker at predecessor companies to Berkadia, CBRE and Hunt Mortgage. According to Croul, RED is well positioned to benefit from the rapid expansion in small balance multifamily lending created by the introduction of GSE products, offering increased liquidity to this critical, substantial and underserved segment of the nation’s workforce housing supply.
