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Market Rate Multifamily Housing

Oak Grove Capital’s extensive multifamily background enables us to offer competitive financing solutions quickly with confidence in closing. We have diverse origination capabilities and are experts in Fannie Mae, Freddie Mac, and FHA financing. We offer permanent, construction, structured and alternative financing products nationwide. Our multifamily professionals build and execute customized financing solutions to meet the individual needs of our clients.

We have facilitated financing solutions for multifamily owners, developers and managers, as well as structured cash-out refinances, acquisitions, forwards, supplemental and credit facilities. Our clients view us as strategic capital advisors.

Northpointe Villas

Brown Deer, WI
176 Units

Freddie CME

$5,930,000
Deercross

Cincinnati, OH
336 Units

Freddie Mac CME

$16,500,000
Westwood Villas

Los Angeles, CA
204 Units

Fannie Mae

$22,200,000
Colonial Village

Manchester, NH
448 Units

Fannie Mae

$21,520,000
Heritage Landing

Minneapolis, MN
229 Units

FHA 223 a(7)

$28,103,600
Harrison Place

Indianapolis, IN
307 Units

FHA 223 (a)7

$18,004,900
Uptown at City Walk

Woodbury, MN
242 Units

FHA 221(d)(4)

$36,895,000

Contacts »

Neil Cullen | Managing Director - Multifamily Housing

Neil Cullen | Managing Director - Multifamily Housing
(240) 383-3812 | ncullen@oakgrovecap.com
Neil Cullen is a Principal and Managing Director at Oak Grove Capital. Neil has been providing commercial real estate financing solutions for more than 30 years. His expertise is Multifamily finance with an emphasis on Agency executions. Neil has been involved in more than $10 billion in Fannie Mae, Freddie Mac and FHA financing.

Prior to joining Oak Grove, Neil was the Corporate Managing Director and Co-President at PW Funding/Charter Mac. He was a Principal and Senior Executive Vice President at American Property Financing, Inc. Neil was also co-founder of American Mortgages, Inc. and AMI Capital.

Neil is also the Principal of Cullen Companies, his real estate holding company. Neil has a Bachelor of Arts in political science from Regis University.
Ken Dayton | Managing Director - St. Paul

Ken Dayton | Managing Director - St. Paul
(763) 656-4565 | kendayton@oakgrovecap.com
Ken Dayton is the Managing Director of St. Paul for Oak Grove Capital. Ken has been involved in the evaluation and capitalization of Market Rate, Affordable Housing, and Seniors Housing for more than 25 years. Ken has originated over $2.5 billion in loans throughout the Midwest.

Ken facilitates financing solutions that are customized to his client’s needs. He has extensive experience with Fannie Mae, Freddie Mac, and FHA permanent and construction loan programs. Ken has structured transactions ranging from cash-out refinances to complex tax exempt affordable housing with LIHTC and various other subsidy layering.

Prior to joining Oak Grove, Ken was a Vice President at MMA Financial, Vice President at Glaser Financial Group, Chief Underwriter at Glaser Financial Group, and a partner at a commercial appraisal firm. Ken received a Bachelor of Science in real estate from St. Cloud State University.
Russ Kappenman | Senior Vice President

Russ Kappenman | Senior Vice President
763-656-4554 | rkappenman@oakgrovecap.com
Russ Kappenman is the Senior Vice President of Multifamily Housing for Oak Grove Capital. Russ has more than 20 years experience in real estate finance and fund management. Over the course of his career, Russ has originated more than $3 billion of real estate finance on a variety of asset classes across the U.S. utilizing an array of first mortgages, mezzanine, and joint venture products.

Prior to joining Oak Grove, Russ was President of several NorthMarq Capital subsidiaries overseeing their lending and distressed real estate debt investing activities. Previous to NorthMarq, Russ was a Managing Director for Piper Jaffray managing four real estate debt funds holding nearly $1 billion in real estate assets.

Russ is a certified public accountant and holds a Bachelor of Science in accounting from the University of South Dakota.
Anthony Washington | Vice President

Anthony Washington | Vice President
(240) 383-3814 | twashington@oakgrovecap.com
Anthony Washington has more than two decades of experience in commercial real estate with emphasis in Multifamily financing augmented by several years in commercial property development. Tony has structured acquisition, refinance, and construction financing solutions for Multifamily borrowers through Fannie Mae, Freddie Mac, FHA, and alternative sources. Prior to joining Oak Grove Capital, Tony originated financing as a Vice President at Green Park Financial, Vice President at Charter Mac, and Principal at M&A Development, LLC. Tony received a Master of Business Administration in finance and real estate from University of Maryland and a Bachelor of Science from St. Francis College.
Scott Streiff | Vice President

Scott Streiff | Vice President
(651) 603-5053 | sstreiff@oakgrovecap.com
Scott Streiff has almost a decade of experience in the Multifamily Housing industry. Scott specializes in Multifamily Housing debt capitalization. He has originated and structured millions in debt with Fannie Mae, Freddie Mac, and FHA. Prior to joining Oak Grove Capital, Scott was the Director of Operations and Acquisitions at Oak Grove Realty Services and a Vice President at Glaser Financial Group. Scott received a Bachelor of Science from University of Minnesota.
Gary Marchiori | Vice President

Gary Marchiori | Vice President
(763) 656-4560 | gmarchiori@oakgrovecap.com
Gary Marchiori’s lending experience spans more than two decades. Gary has been originating and supporting Multifamily production since 2005. Prior to joining Oak Grove Capital, Gary worked at MMA Financial, Glaser Financial Group, RFC Commercial, and Fannie Mae. Gary received a Master of Business Administration in real estate finance from DePaul University and a Bachelor of architecture from the University of Illinois.
Levi J. Brooker | Vice President

Levi J. Brooker | Vice President
(310) 348-8190 | lbrooker@oakgrovecap.com
Levi Brooker has been with Oak Grove Capital and its predecessors since 2004. In that time, he has been involved in the closing of approximately $1 billion in multifamily housing loans throughout the nation. Levi has expertise in a wide variety of asset types, such as Market Rate Apartments, Affordable Housing, Manufactured Housing, Student Housing and Seniors Housing. Additionally, he is highly experienced in complex financing structures including mortgage backed securities, tax exempt bonds, low income housing tax credits, construction lending and mezzanine debt. As a previous Senior Underwriter, Levi prides himself on offering certainty of execution due to his superior knowledge of Fannie Mae, Freddie Mac and HUD/FHA programs. Mr. Brooker resides in Los Angeles and holds an MBA from the UCLA Anderson School of Management, as well as a BS in Real Estate from St. Cloud State University in Minnesota.
Joe Krengel | Account Manager

Joe Krengel | Account Manager
(763) 656-4579 | jkrengel@oakgrovecap.com
Joe Krengel has over a decade of experience in originating, underwriting, and financing Multifamily Housing. Prior to origination, Joe had been underwriting Fannie Mae, Freddie Mae, and FHA loans for Oak Grove Capital. Joe previously has worked at MMA Financial and First Financial Capital. Joe received a Bachelor of Science from the University of Wisconsin.