Director of Originations
CA BRE #: 01128535
Elaine McConnell, Director of Originations for Grace Capital Group, began her career in the banking industry managing mortgage originations before moving to construction loans, private money, and land development. With over 20 years of experience, Elaine brings hard work and creative solutions to every aspect of the real estate transaction. Elaine has built strong relationships with banks, private investor funds, pension funds, family offices, and private individuals, representing sellers, buyers, investors, and banks both in residential and commercial markets.
Elaine has played key roles in ensuring her clients save difficult-to-fund projects that they had invested their savings, time, and energy, when all others were unsuccessful before. Elaine uses her knowledge and expertise to proactively address details that others in the market have over looked. Elaine works directly with key decision makers in the lending community, initiating each detail of the transaction from the first phone call through the close while always utilizing the strength of the team at Grace Capital
Notable closings with Grace Capital Group include:
Houston, TX: Land Acquisition and Development Loan for $8.5 million funded during Hurricane Harvey. Deverloper was unable to obtain financing and was reaching an expiring Purchase Contract. Grace Capital Group was able to secure an A&D loan in approximately one week with a closing within 30 days.
San Francisco, CA: 7 unit, 3 story Mixed-Use Property, $2 million major rehab that was brought to Grace Capital in mid-construction and mid Great Recession with nearly all lenders out of the market. Grace Capital Group secured the necessary funds to complete the loan request in 60 days after the client had spent 14 months trying to find his own financing.
Palo Alto, CA: Land Development Loan for $6 million that was funded during the Great Recession with one of Grace Capital Group’s pension funds. Before working with Grace Capital Group, the borrower had been unable to find financing due to the economy, no tenants and sponsor was broke.
Santa Ana, CA: Refinance of Two Industrial Buildings for $4 million which we closed in just 8 days. When the client had arrived to Grace Capital Group he was paying $1200 dollars a day in late-fees so time was of the essence.