RED Capital Group, LLC, has hired Patrick Graffagnino as chief underwriter of Small Balance Loans.
In his new role, Graffagnino will coordinate all Freddie Mac and Fannie Mae small loan underwriting activities by evaluating loan requests, assessing key areas of risk in conformance with Freddie Mac and Fannie Mae small loan credit standards and program requirements.
Prior to joining RED, he was a director and deputy chief underwriter (with Greystone Servicing Corporation), managing a team of underwriters and analysts, closing loans across various Fannie Mae & Freddie Mac market rate and affordable loan products.
Graffagnino has experience in supporting third-party underwriters for CMBS transactions, performing third-party services for agency, balance sheet and life company lenders in a wide range of property types, including retail, hospitality, industrial, office, self-storage, and multifamily.
He received his BA in business administration from Furman University and his MBA from Clemson University.