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.
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 $26 billion of mortgage, mezzanine and loan-on-loan financings, holding $13 billion for its own balance sheet.
Real Estate Capital Partners
Kathryn is a Managing Director and Head of RBC Real Estate Capital Partners, a unit of the Royal Bank of Canada, where she oversees the sourcing and origination of loans across the US, UK and Europe. 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 US$3 billion portfolio of hotel, retail and office 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 more than US$3 billion 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 is a Managing Director in RBC Real Estate Capital Partners, a unit of the Royal Bank of Canada. Prior to joining RBC, 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 loan structuring, syndication and fund raising. 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 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 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
Ben Schori is a Director in RBC Real Estate Capital Partners, a unit of the Royal Bank of Canada. Prior to joining RBC, Ben worked at Westbrook Partners in London for seven years where he was responsible for the origination, execution, financing and asset management of equity real estate investments in the UK. Prior to Westbrook Partners, Ben worked in Deutsche Bank’s Real Estate, Gaming and Lodging Investment Banking Group in New York for three years, where he gained experience in debt and equity capital market raising, M&A and restructuring.
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.
Julien Congretel is a Vice President in RBC’s Real Estate Capital Partners group, focused on loan origination and execution as well as relationship management with key clients in Europe. Prior to joining RBC in 2013, Julien spent over three years at Societe Generale in London, Frankfurt and Paris in several roles including pan-European private equity real estate fundraising and advisory as well as commercial real estate lending in the UK. Julien holds a summa cum laude Master’s degree in finance from Sciences Po Paris.
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 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.