SUMMIT, New Jersey–(COMMERCIAL WIRE)–Toorak Capital Partners, Inc. (“Toorak”), a leading provider of capital to the residential real estate lending industry, today announced that John Beacham, its founder and CEO, has been named Entrepreneur of the Year.® Ernst & Young LLP (EY US) 2022 New Jersey Award Winner.
Entrepreneur Of The Year is one of the most prominent competitive business awards that recognizes leaders of high-growth companies who think big to succeed. An independent panel of judges selected Beacham based on her entrepreneurial spirit, purpose, growth and impact, among her other critical contributions.
“It is a true honor and privilege to be recognized by EY as the winner of the 2022 New Jersey Entrepreneur of the Year Award, and I am proud to share this recognition with the entire Toorak team, our source partners and the incredible real estate entrepreneurs. across the country using Toorak capital to renovate and reposition America’s housing stock,” said Beacham. “It is common for innovation awards to go to technology, healthcare or retail companies, rather than capital-intensive industries like mortgage finance, but I am proud of the engine we have built at Toorak that enables small businesses and entrepreneurs at multiple levels to prosper.”
The Entrepreneur of the Year is celebrated through regional and national award programs in more than 145 cities and 60 countries. As the winner of the New Jersey award, Beacham will now be considered by the independent national panel of judges for the 2022 National Entrepreneur of the Year Awards.
With capital commitments from entities managed by KKR, a leading global investment firm, Toorak has revolutionized the way commercial residential real estate lenders access capital. The firm was the first to link small balance residential and commercial originators with institutional capital and has perfected this approach in the single-family residential bridge and 30-year single-family rental loan space.
About Toorak Capital Partners
Toorak Capital Partners is an integrated correspondent lending platform based in Summit, NJ. Toorak purchases small balance commercial loans backed by residential, multi-family and mixed-use properties in the US and UK. Toorak purchases loans directly from lenders who originate high credit quality loans. Toorak directors have a deep understanding of residential and commercial mortgage lending with experience in real estate lending, capital markets, securitization, asset and liability management, asset management and credit. Since its inception, Toorak has provided more than $8.5 billion in capital and financed more than 20,000 commercial loans. Toorak-funded projects have renovated, stabilized, or provided rental housing for nearly 40,000 families to date, an average of approximately 1,000 families per month in 2021.
More information is available at www.toorakcapital.com.