Chicago-based real estate investment and advisory firm HAS Capital LLC has named Scott MacFarlane as president of originations. Previously, MacFarlane worked at U.S. Bank where he served as vice president of national sales for the company’s manufactured housing operations.
Chicago IL, April 29, 2015 – HAS Capital, LLC, a Chicago-based real estate investment and advisory firm, announced today the appointment of Scott MacFarlane as President of Originations. He will be responsible for the ongoing management of HAS Capital’s current manufactured housing funding programs as well as for the development and expansion of their new originations platform. He will be based in Little Rock, Arkansas. This is a newly created position at HAS Capital and MacFarlane will report to Stephen Wheeler, Managing Director and Chairman.
With over 30 years of experience specializing in banking and financial services, MacFarlane joins HAS Capital from U.S. Bank where he was Vice President of National Sales for the firm’s manufactured housing operations. Based in Little Rock, Arkansas, he was responsible for all marketing and sales operations in the continental U.S. Prior to joining U.S. Bank, he was a Region Manager for GreenTree Servicing, LLC in Jackson, Mississippi, overseeing management and supervision of a regional finance office that serviced a $255 million portfolio on 10,000 accounts in the state. Throughout MacFarlane’s career in the Manufactured Housing finance area, he also worked for companies like Security Pacific National Bank, Bank of America and Green Point Credit. He began his career in the manufactured housing industry in 1984 as a Collection Manager at Benton State Bank in Benton, Arkansas.
“We are pleased to have Scott join our team as HAS Capital continues to build our manufactured housing and origination platform in the U.S.,” said Wheeler. “The manufactured housing industry has recently witnessed more regulation relating to lending that can result in adopting standards of practice that are common in residential lending and much more protective of the borrower. HAS Capital believes in being transparent and adhering to these standards as the MH space is looking at a period where incomes are not rising as quickly and this is a factor that is supportive of a resurgence within this market.”
“I am excited about joining forces with HAS Capital in the firm’s effort to restart the engine in lending in the manufactured housing space and provide financing solutions to the market,” said MacFarlane. “We continue to see a rise in demand for manufactured housing communities and HAS is looking to help the MH industry provide consumers with affordable housing options that work for their lifestyle.”
MacFarlane holds a Bachelor of Business Administration, Finance from the University of Arkansas and minors in Management and Marketing. He is actively involved in the National and State Associations in the manufactured housing industry, sits on the Board of Governors Finance division of MHI and is a past president of the Arkansas Manufactured Housing Association (AMHA).
About HAS Capital, LLC
HAS Capital, LLC (“HASCAP”) is a value-oriented private investment firm focusing on debt and equity investments in the North American residential real estate sector. The firm employs a rigorous investment approach to deploy capital in residential real estate and asset based opportunities including: consumer and commercial loans, manufactured housing ABS, and real estate debt and equity for multifamily investments.