DLP Capital Hires Seasoned Multifamily Executive as Chief Lending Officer

DLP Capital Hires Seasoned Multifamily Executive as Chief Lending Officer

Tom Hallock Brings 35+ Years' Experience, Including Prior Lending Leadership Roles at Goldman Sachs Affiliate and American Homes 4 Rent

St. Augustine, Fla. – DLP Capital, a private real estate investment and financial services firm with more than $4.5 billion of assets under management, today announced that Tom Hallock has joined the firm as Chief Lending Officer. Hallock brings to the firm more than 35 years of lending and real estate investing experience, including at venerable organizations including a Goldman Sachs affiliate, Genesis Capital, where Hallock also served as Chief Lending Officer, and American Homes 4 Rent, one of the nation’s largest single-family rental home companies. At DLP Capital, Hallock will spearhead the firm’s lending division including driving originations, risk management, portfolio management, and lending technologies, among other initiatives. DLP Capital is a leader in investing in, developing, and financing attainable housing for America’s workforces, including multifamily and single-family rental homes, along with related investments such as RV resorts.

“DLP Capital has experienced exponential growth in its real estate lending platform, and we’re confident that Tom Hallock will raise our profile and originations even further on the national stage,” said Don Wenner, Founder and CEO of DLP Capital. “While other lenders are being forced to pull back due to a lack of capital or market uncertainties, we see now as an opportune time to deploy capital to strong, experienced sponsors and operators. We are blessed with an incredibly growing capital basis in our evergreen private REITs, with more and more high-net worth investors, family offices, and wealth management firms choosing to allocate capital with DLP Capital. We expect to fund more than $1.5 billion in acquisitions and ground-up developments this year.”

Most recently, Hallock was the Head of Loan Product for financial technology lender PeerStreet for two years, where he grew single-family and multifamily loan production by close to $1 billion within 18 months. Before that, as Chief Lending Officer at Genesis Capital, an affiliate of Goldman Sachs, he oversaw a team that managed over 200 client relationships, along with $1.5 billion in annual production and a portfolio of residential and multifamily construction, rehab, and bridge loans. During his four-year tenure there, he served on the Credit Committee, Asset Liability Committee, and Interest Rate Committee.

“Given a shortage of attainably priced rental homes nationwide, there has never been a better time to identify opportunities for lending to the rental housing industry to address the tremendous void in supply,” added Tom Hallock, Chief Lending Officer at DLP Capital. “I look forward to significantly increasing loan production at DLP Capital and expanding the depth and breadth of financing solutions.”

Previously, Hallock was Senior Vice President of Acquisitions and Conversions for American Homes 4 Rent for six years. His diversified oversight there included bulk portfolio purchases, private loan securitizations, a strategic joint venture focused on non-performing loans, and he was selected to represent the firm on the board of the National Rental Home Council, a non-profit trade association representing the single-family rental home industry.

Hallock started his real estate career at Countrywide Homes Loans and Montecito Bank & Trust in Santa Barbara. He has served on boards for various non-profits including Project Understanding, which provides resources to at-risk communities in Ventura CA, including housing programs.