Homestead Capital Appoints Luke McCarthy to Drive Agricultural Loan Initiatives Across the U.S.
Homestead Capital USA LLC has made a significant move in enhancing its agricultural lending operations by appointing Luke McCarthy as the director of loan origination. McCarthy, a seasoned professional based in Oregon, brings over 15 years of extensive experience within the agricultural finance sector. His new role will see him spearheading the firm’s initiatives to further develop its lending operations while establishing strong ties with farmers, ranchers, and agricultural executives nationwide.
The announcement came from Homestead's headquarters in San Francisco as the company aims to solidify its presence in the agricultural financing industry, an area that is increasingly attracting the attention of sophisticated investors searching for alternative asset classes. Homestead Capital currently manages more than $1.6 billion in equity and credit assets for a variety of institutional and family investors. With this strategic hire, the firm hopes to tap into McCarthy's deep understanding of agribusiness and his firsthand experience in farming.
Before joining Homestead, McCarthy exercised his expertise as the executive director for PGIM Real Estate, where he was responsible for originating and managing an impressive portfolio of agribusiness and farm real estate loans totaling over $1.3 billion. His earlier career highlights include a role as vice president of loan syndications at Rabo AgriFinance, where he oversaw the firm's syndicated loan portfolio across central and western U.S. farming regions. McCarthy's robust background equips him to contribute significantly to the expansion of Homestead’s agricultural lending efforts, which cater primarily to small and mid-sized farming operations.
Justin Burns, managing director at Homestead Capital, expressed enthusiasm over McCarthy’s addition to the team, stating, "As sophisticated investors continue to explore alternative asset classes, Luke's expertise in agricultural finance stands out. His personal experience growing up on a family farm provides him with a unique perspective that will greatly benefit our clients."
McCarthy grew up working on his family's pear, apple, and cherry farm in Oregon, which has instilled in him a practical understanding of the agricultural industry's nuances. He holds a bachelor's degree in applied economics and management in finance from Cornell University, alongside a master’s degree in agricultural economics from Purdue University and an MBA from Indiana University's Kelley School of Business.
Homestead Capital, founded in 2012, focuses on acquiring high-quality farmland and extending credit solutions to agricultural operators. The company aims to maximize returns on investments through targeted improvements in farm management practices, adhering to customized operational strategies that suit the specific needs of each farm. By honing in on value-enhancement opportunities, Homestead assists its clients in boosting profitability within the agricultural sector.
The firm operates with a dedicated team of 22 employees spread across the Pacific, Pacific Northwest, Mountain West, Delta, and Midwest regions. As a majority employee-owned company, Homestead is led by co-founders and co-CEOs Daniel Little and Gabe Santos, who maintain a commitment to fostering productive relationships within the agricultural community. With McCarthy now at the helm of loan origination, expectations are high for Homestead Capital’s further growth and impact within the United States' agricultural financing landscape.
For more information about Homestead Capital and its agricultural lending services, visit their official website at www.homesteadcapital.com.
The announcement came from Homestead's headquarters in San Francisco as the company aims to solidify its presence in the agricultural financing industry, an area that is increasingly attracting the attention of sophisticated investors searching for alternative asset classes. Homestead Capital currently manages more than $1.6 billion in equity and credit assets for a variety of institutional and family investors. With this strategic hire, the firm hopes to tap into McCarthy's deep understanding of agribusiness and his firsthand experience in farming.
Before joining Homestead, McCarthy exercised his expertise as the executive director for PGIM Real Estate, where he was responsible for originating and managing an impressive portfolio of agribusiness and farm real estate loans totaling over $1.3 billion. His earlier career highlights include a role as vice president of loan syndications at Rabo AgriFinance, where he oversaw the firm's syndicated loan portfolio across central and western U.S. farming regions. McCarthy's robust background equips him to contribute significantly to the expansion of Homestead’s agricultural lending efforts, which cater primarily to small and mid-sized farming operations.
Justin Burns, managing director at Homestead Capital, expressed enthusiasm over McCarthy’s addition to the team, stating, "As sophisticated investors continue to explore alternative asset classes, Luke's expertise in agricultural finance stands out. His personal experience growing up on a family farm provides him with a unique perspective that will greatly benefit our clients."
McCarthy grew up working on his family's pear, apple, and cherry farm in Oregon, which has instilled in him a practical understanding of the agricultural industry's nuances. He holds a bachelor's degree in applied economics and management in finance from Cornell University, alongside a master’s degree in agricultural economics from Purdue University and an MBA from Indiana University's Kelley School of Business.
Homestead Capital, founded in 2012, focuses on acquiring high-quality farmland and extending credit solutions to agricultural operators. The company aims to maximize returns on investments through targeted improvements in farm management practices, adhering to customized operational strategies that suit the specific needs of each farm. By honing in on value-enhancement opportunities, Homestead assists its clients in boosting profitability within the agricultural sector.
The firm operates with a dedicated team of 22 employees spread across the Pacific, Pacific Northwest, Mountain West, Delta, and Midwest regions. As a majority employee-owned company, Homestead is led by co-founders and co-CEOs Daniel Little and Gabe Santos, who maintain a commitment to fostering productive relationships within the agricultural community. With McCarthy now at the helm of loan origination, expectations are high for Homestead Capital’s further growth and impact within the United States' agricultural financing landscape.
For more information about Homestead Capital and its agricultural lending services, visit their official website at www.homesteadcapital.com.
Topics Financial Services & Investing）
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