RBC Real Estate Capital Partners (RECP) is a leading provider of debt capital to premier real estate owners and sponsors. Our mandate includes the origination of mortgage and mezzanine loans secured by stabilized and transitional real estate assets, in all major commercial real estate product types, in the US, Europe and Australia.

Our Team

Real Estate Capital Partners

Kathryn Ogden

Managing Director
Global Head

Kathryn Ogden is a Managing Director and Global Head of RBC Real Estate Capital Partners (“RECP”). RECP is a leading provider of debt capital to premier real estate owners and sponsors, with a mandate to originate mortgage and mezzanine loans secured by stabilized and transitional real estate assets in all major commercial real estate product types throughout the United States, United Kingdom, Europe and Australia. Kathryn joined RBC in 2009 in Dallas and was Head of Asset Management for the disposition of RBC’s legacy US real estate loan portfolio prior to helping launch the Real Estate Capital Partners platform in 2011. She moved to London in 2013 to launch the Real Estate Capital Partners platform in Europe before moving back to Dallas in 2016. Prior to joining RBC, Kathryn worked in the London office of the Real Estate Principal Investment Area of Goldman, Sachs & Co. responsible for the management of a portfolio of real estate assets in the United Kingdom and Europe. Kathryn spent seven years with Goldman, Sachs & Co. in Dallas, Paris and London and has managed the financing, sale or initial public offering of real estate assets located in Canada, the United States and Europe. Kathryn holds an honors degree in Business from The University of Texas at Austin.

Axel Brinkmann

Managing Director
European Head

Axel Brinkmann is a Managing Director and European Head of RBC Real Estate Capital Partners ("RECP"), as well as European Head of Real Estate Corporate Banking. Prior to joining RBC in 2015, Axel worked in LaSalle Investment Management's Debt Investments & Special Situations Group in London where he was responsible for originating and investing into European structured debt and equity opportunities on behalf of a variety of commingled funds and separate account clients. Further responsibilities included fund raising, loan structuring and syndication. Axel joined LaSalle from Wells Fargo having started his career in the bank's real estate capital markets group based in Frankfurt and London where he gained experience in loan underwriting, execution and restructuring. Axel holds a master's degree in engineering (Dipl.-Ing.) from the university RWTH in Aachen, Germany and a post-graduate degree in real estate economics from the European Business School (EBS) in Oestrich-Winkel, Germany.

Robert Maddox

Managing Director
US Head

Robert Maddox is a Managing Director and the US and Australia Head of RBC Real Estate Capital Partners, a unit of the Royal Bank of Canada, where he oversees the sourcing and origination of loans across the US and Australia. Prior to joining RBC, Robert worked in the London and Charlotte offices of Wells Fargo’s Commercial Real Estate business where he was responsible for the origination and management of large structure real estate transactions. Robert holds a Bachelor of Science in Architecture from the Georgia Institute of Technology (Georgia Tech) and a Master of Business Administration from the Darden Graduate School of Business Administration at the University of Virginia.

Richard Farris

Managing Director
Loan Structuring

Richard is a Managing Director in the RBC Real Estate Capital Partners group focused on loan structuring and closing. Prior to joining RBC, Richard spent several years in the Structured Real Estate Capital team at ABN AMRO, structuring and distributing over €5 billion of commercial real estate loans via CMBS, financial guarantees, CDS, credit linked notes and B Notes. Prior to this role, Richard worked as a finance lawyer with Allen & Overy LLP in Frankfurt and London (including working on the first German and Finnish true sale CMBs transactions and the first multi-borrower German CMBS transaction) and as a finance and securities lawyer at Stikeman Elliott in Toronto. Richard holds a first class undergraduate degree in Economics from the University of British Columbia in Vancouver and a post graduate law degree also from the University of British Columbia, as well as having received scholarships to study law abroad at the London School of Economics and at the University of Pretoria

Drew Lassiter

Director
US Origination

Drew is responsible for the origination of mezzanine and mortgage loans in the Eastern United States. Drew also maintains relationships with key clients across the US and plays an active role in the management of RECP’s loans and portfolio. Prior to joining RBC, Drew worked for Crow Holdings Capital Real Estate in Dallas, where he focused on the acquisition of real estate assets across the United States. Drew joined Crow Holdings from Raymond James, a middle market investment bank where he focused on restructuring and recapitalization advisory services across all industry sectors. Drew holds a bachelor’s of science in economics from the Wharton School, University of Pennsylvania.

Ross Ruschhaupt

Director
US Origination

Ross Ruschhaupt is responsible for the origination of mezzanine and mortgage loans in the Western United States. Ross also maintains relationships with key clients across the US and plays an active role in the management of RECP’s loans and portfolio. Prior to joining RBC, Ross worked in the Real Estate Financing Group of Goldman, Sachs & Co. in Dallas, where he focused on the origination of fixed rate financings in the western United States. Ross joined Goldman Sachs from CenterCal, a Los Angeles-based joint venture with the California State Teachers Retirement System specializing in the development and acquisition of retail properties throughout California, Washington, Oregon, and Utah. Ross holds an undergraduate degree in business from the University of Southern California.

Stephanie Shelmerdine

Director
Loan Structuring

Stephanie Shelmerdine is a Director in RBC Real Estate Capital Partners, a unit of the Royal Bank of Canada, focusing on loan structuring and transaction execution for the European team. Prior to joining RBC, Stephanie spent six years as a finance lawyer at Allen & Overy LLP in their London and Paris offices, where she advised lenders, private equity funds and other investors in the UK and continental Europe on all aspects of real estate finance transactions. Stephanie has particular expertise in pan-European property acquisitions, debt on debt finance in relation to the acquisition of distressed loan portfolios and transactions with intercreditor arrangements. Stephanie holds a Master’s degree in Theology from Cambridge University.

Matthias Aksoy

Director
European Origination

Matthias Aksoy is responsible for the origination of mezzanine and mortgage loans across Europe and the UK. Matthias also maintains relationships with key clients across Europe and plays an active role in the management of RECP’s loans and portfolio. Prior to joining RBC, Matthias worked in the London office of Wells Fargo’s Commercial Real Estate business where he was responsible for the origination, underwriting and management of commercial real estate loans to value-add and opportunistic sponsors as well as for the work-out of special situation credits. Matthias holds a master’s degree in business administration (Diplom) from University of Applied Sciences Biberach, Germany.

Jonathan Haas

Director
European Origination

Jonathan Haas is responsible for the origination of mezzanine and mortgage loans across Europe and the UK. Jonathan also maintains relationships with key clients across the UK & Europe and plays an active role in the management of RECP’s loans and portfolio. Prior to joining RBC, Jonathan worked in the New York and London offices of Blackstone’s Commercial Real Estate Lending business (BXMT & BREDS) where he was responsible for the origination, underwriting and management of commercial real estate loans & preferred equity to value-add and opportunistic sponsors as well as for the work-out of special situation credits. Jonathan joined Blackstone from Morgan Stanley, where he worked in real estate investment banking advisory across the EMEA region. Jonathan holds an MA (Oxon) in Economics & Management from Oxford University.

Tom Forrester

Vice President
Loan Structuring

Tom Forrester is a Vice President in RBC Real Estate Capital Partners, focusing on loan structuring and transaction execution for the European team. Prior to joining RECP, Tom spent five and a half years as a finance lawyer at Allen & Overy LLP in their London and Tokyo offices, where he advised lender and private equity clients in the UK, Europe and Japan on a broad range of debt finance transactions including real estate finance, project finance, margin lending, general corporate lending and debt restructuring. Tom holds master’s degrees in Social and Political Sciences from Cambridge University and Conflict, Security and Development from King’s College London.

Joe Cadena

Vice President
US Origination

Joe Cadena is a Vice President in RBC’s Real Estate Capital Partners group, responsible for the origination and execution of mezzanine and mortgage loans across the United States as well as the monitoring and management of existing loans within the RECP portfolio. Joe received a BBA in Business Honors and Finance from the University of Texas at Austin.

Oliver Pepper

Vice President
European Origination

Oliver Pepper is responsible for the origination of mezzanine and mortgage loans across Europe and the UK. Oliver also maintains relationships with key clients across the UK & Europe and plays an active role in the management of RECP's loans and portfolio. Prior to joining RBC, Oliver worked in the Real Estate and Structured Finance group at JP Morgan where he was responsible for the structuring and execution of commercial real estate loans across EMEA. Oliver joined JP Morgan from Barclays, where he worked in restructuring and special situations. Oliver holds a first class honours degree from the University of Southampton.

Areas of Expertise

RECP brings deep experience, capital and market knowledge to our clients’ real estate loan solutions in the US, UK, Europe and Australia. We deal in all commercial property types, helping clients finance everything from office towers to hotels, shopping centres and industrial complexes. Our balance-sheet lending capabilities include:

  • Mortgage Loans
  • Mezzanine Financing
  • Loan-on-Loan Portfolio Facilities

Flexible Lending Solutions

RECP’s flexible capital allows us to provide clients with debt solutions that help to create the greatest possible return on their equity investment. We provide financing at a wide range of leverage options, and on all asset types, that support both opportunistic and core-plus return strategies.

Global Scope

RECP concentrates on core and major regional markets in the US and UK, as well as core Continental Europe, Ireland, and Australia. We support clients across multiple geographies, with many of our European portfolio financings taking place across multiple jurisdictions.

RECP has participated in $53.3 billion of mortgage, mezzanine and loan-on-loan financings, holding $26.5  billion for its own balance sheet.