including skilled labor and crafts- man to conduct the renovation itself in addition to ancillary work including clean up, landscaping, debris removal and property secu- rity. Thanks to his efforts, Mohin has seen immediate and significant improvements to neighborhoods in Newark following these renovations and continues to expand his engage- ment by interacting further with the local community.
Investors like Mohin need ready access to capital to fund their proj- ects, and experienced partners offering predictable loan structures and underwriting to meet the timing and transaction needs of the mar- ket. These could be bridge loans for rehab or non-rehab projects, ground up construction loans, intermediate loans or long-term loans. Toorak Capital Partners works with lenders across the country, who in
turn provide loans to investors like Mohin. Once local lenders have issued these loans, Toorak purchases them, freeing up capital for more loans to local entrepreneurs, who in turn work on more projects that increase hous- ing inventory. This sustainable flow of capital equates to more engagement in disadvantaged areas, more home ownership, and improvement in over- all quality of life based on organic, community-focused growth rather than gentrification. Toorak funded Abedin’s work in Newark, which is just one part of the company’s larger impact on the affordable housing market. Since 2016, the firm has funded over $7 billion of loans for thousands of real estate investors across the country, who have renovated or stabilized approximately 30,000 units for fami- lies. Over 85% of the units funded by Toorak’s bridge loans are considered affordable, with the average value per unit of less than $400,000. These investments – and the local entre- preneurs like Mohin workings on projects – serve to help communities and residents by providing new and improved affordable housing, repair- ing unsafe or unhealthy housing con- ditions, and improving quality of life in under-served communities. •
John Beacham is the CEO and founder of Toorak Capital Partners. 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. John led Deutsche Bank’s single-family rental lending practice where he structured the first-ever securitization of single-family rental properties. In total, John has completed more than $50 billion in transactions and has structured financings which won CMBS or structured finance Deal of the Year awards four times. John graduated from Princeton University magna cum laude with an A.B. degree in economics.
10 | think realty magazine :: january – february 2022
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