Head will run the firm's multifamily lending division
Toorak Capital Partners has announced the appointment of C. Lamar Myers (pictured) as its new principal and head of multifamily business development.
The industry veteran brings 15 years of experience in the commercial real estate industry. During his career, Myers has advised, originated, structured, and negotiated loan facilities, as well as managed workouts of non-stabilized assets and securitized billions in transactions.
“We are excited to welcome such a broadly talented commercial real estate executive to the Toorak team as we continue to achieve remarkable growth in our multifamily lending platform,” said Toorak CEO John Beacham. “Lamar has worked at some of the biggest players in the multifamily space, and his experience working in affordable multifamily preservation for New York City will be invaluable as we focus on incorporating affordable and social initiatives into our offerings.”
Read next: Toorak Capital Partners sets up $322.7 million non-agency MBS
Myers jumped to Toorak from Freddie Mac, where he spent the past five years as production manager overseeing the northeast region’s production and sales small balance loans program. Before Freddie, he served as a director at NYC’s Department of Housing Preservation & Development, where he ran a multifamily development program focused on preserving affordable housing. Additionally, Myers has held various leadership roles at Citigroup, Alvarez & Marsal, CIBC World Markets, and Time Equities.
“There has been a significant spike in demand for financing on small-balance multifamily properties, and I look forward to working with lenders to deliver financing solutions that are helping to bring new and improved housing stock to the market,” Myers said. “I’m thrilled to be joining the Toorak team and eager to begin building partnerships that will help solve the current housing shortage.”
