Red Oak Promotes Executive, Onboards Three New Loan Professionals
Red Oak Capital Holdings LLC recently promoted a top executive and added three new commercial real estate loan professionals. Will Flaa is now Red Oak’s chief lending officer; Jennefer Weston and Mac Culbertson have joined the company as commercial real estate loan analysts; and James Myatt will serve as a commercial real estate loan administrator. Flaa will continue to operate out of Dallas, Texas, while the three new team members will operate out of the national private lender’s Charlotte, N.C., headquarters.
“While the constraints in financing conditions have slowed the broader industry down, it’s done little to slow down the pace of loan opportunities that are being generated by our origination personnel,” said Gary Bechtel, Red Oak’s chief executive officer. “Despite joining our team mere months ago, Will has quickly distinguished himself as a the right person to lead our rapidly growing team. The added firepower gained in bringing the talents of Jennefer, Mac, and James on board will further bolster the work of our originators and credit personnel across our platform.”
Flaa joined Red Oak last fall as senior vice president of investments, bringing more than 30 years of experience in loan origination, valuation, analysis and research, and mortgage capital analysis to the role. As chief lending officer, he will now oversee Red Oak’s lending operations, serving as the primary liaison with Red Oak origination personnel in the screening and review of potential transactions. He also works with the firm’s capital markets team in the underwriting and processing of new loan transactions, as well as working with established capital sources in the placement of loan participations.
Prior to joining Red Oak, Weston was a global wealth and investment manager credit underwriter with Bank of America in Charlotte, where she handled similar administrative duties throughout the loan process and life cycle. She also served as a commercial lending underwriter with Next Gear Capital Inc., and graduated from Canisius College in Buffalo, N.Y., with a bachelor’s degree in business management and marketing.
Culbertson accumulated significant expertise in the finance and investment fields prior to joining Red Oak, most recently as an investment intern with FCA Partners, a real estate investment management company with $2.4 billion in assets. Culbertson is an alumnus of Miami University’s Farmer School of Business in Oxford, Ohio, where he earned a bachelor’s degree in finance.
Myatt comes to Red Oak from Grandbridge Real Estate Capital, where he served as a closing associate. He handled commercial/multifamily loan closings, including reviews of due diligence, insurance, borrowers, loan documents, and modification. He was also a client relationship consultant with CoStar Group, where he leveraged investor relationships to grow the firm’s database, identified market trends and insights, and assisted new users with product adoption. Myatt is a graduate of the University of North Carolina at Chapel Hill.
The Red Oak platform experienced significant growth last year, hiring finance and capital markets professionals in key national markets and relocating its corporate headquarters from Grand Rapids, Mich., to Charlotte in the fourth quarter of 2023.
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