Gulley Joins Housing & Healthcare Finance
Housing & Healthcare Finance, Chevy Chase, Md., announced that Craig Gulley joined the company as senior vice president and Western region originator.
In this role, Gulley will source and arrange HUD and balance sheet financing for the healthcare, senior housing and multifamily markets. He will be based in the company’s Los Angeles office.
Gulley has more than 20 years of healthcare and multifamily financing experience. He has personally sourced and structured more than $1 billion of HUD healthcare/multifamily and balance sheet loans during the course of his career. He has been involved in numerous refinance, acquisition, bridge, construction and recapitalization financings. Prior to joining HHC Finance, Gulley was with KeyBank Real Estate Capital where he developed client relationships and originated HUD insured mortgages for healthcare facilities.
Martin Joins NorthMarq Capital’s Phoenix Office
Griffin Martin joined the Phoenix regional office of NorthMarq Capital as vice president and producer. His primary focus will be to structure and place debt and equity for clients seeking to acquire, refinance or develop commercial real estate properties.
Most recently, Martin founded and operated a commercial mortgage brokerage company based in Scottsdale, Ariz. He focused on arranging debt for small business owners and investors. Prior to this he spent three years working for a boutique mortgage brokerage company. He has financed office, retail and multifamily assets and has a specialized focus with hotel properties.
Crandall Joins CapitalSource
Patrick Crandall joined CapitalSource as a director in the firm’s construction real estate group.
Crandall will operate out of the firm’s Los Angeles Office sourcing and originating deals nationwide. He has nearly 30 years of experience in real estate and experience in originations, risk management, acquisitions, asset/portfolio management and commercial and residential underwriting/valuation.
Prior to joining CapitalSource, Crandall was the head of lending for Sabal Financial Group, LLC, where he oversaw all aspects of the firm’s lending platforms including originations, credit, underwriting and operations. Before that he led the west coast equity, debt and structured finance group at Cushman & Wakefield, where he arranged joint venture equity, mezzanine and senior financing for clients.
Earlier in his career, Crandall ran west coast originations for CIBC, a commercial bank based in Toronto, and oversaw new loan originations for the northern portion of the Western United States and a portfolio of existing bridge and construction loans for iStar Financial, a New York mortgage real estate investment trust.
