Senior Managing Director
Senior Managing Director
4943 Stony Ford Drive
Dallas, TX 75287-7236
Ralph Daruns founded Darach Property Advisors, LLC in 2003 in anticipation of the growing need for skilled real estate professionals to play a consulting and advisory role in sophisticated property transactions. Ralph Daruns began his career in the real estate industry in 1978 joining EF Hutton & Company in New York in their Public Finance Department. He worked on various housing revenue bond issues, school bond issues, and industrial development bonds. His experience led him to accept an investment officer postion in Boston with Krupp & Company in 1982 wherein he was responsible for the acquisition and due diligence of multifamily properties nationwide. Ralph Daruns became active in the Mortgage Bankers Association and related organizations. He helped Krupp to acquire over 5,000 apartment units for its syndications through Smith Barney & Company.
Mortgage Banking And Commercial Lending
Beginning in 1989 Ralph Daruns joined The National Bank of Washington, which was, at the time the oldest continuously operating bank in the United States in its Washington Mortgage Group subsidiary in Vienna Virginia. He travelled to Geneva, London, Dubai, and Saudi Arabiahelping to raise syndication funds for a Ginnie Mae pool investment program and through this fund was instrumental in the management-lead buyout of Washington Mortgage Group to a Saudi business family. Over the next six years Ralph Daruns originated over 80 multifamily mortgage loans under the financing banners of FHA, Fannie Mae, and Freddie Mac. He participated in, and acquired mortgage loans for, the first viable conduit syndications with Andy Stone at Daiwa Capital and later Ethan Penner at Deutsche Banc. In 1996 he was recruited by Ivan Kaufman at Arbor Mortgage as the first loan originator for his newly formed Fannie Mae DUS licensed entity – Arbor National Commercial Mortgage.
Travelling widely, Ralph Daruns developed a national network of real estate mortgage brokers who fed transactions into the Arbor system, driving it from zero to more than $1 billion in mortgage servicing in five years. During this time, Mr. Daruns and his family relocated to Dallas Texas where he took charge of the nine-member office of underwriters and processors and continued to develop a South and Southwest regional presence for Arbor. Ralph Daruns personally originated over 100 transactions in 21 states under the Fannie Mae DUS program. These included affordable housing, revenue bond deals, tax credit transactions and conduit executions through Deutsche Banc.
He has spoken at various trade shows and conferences and is a 2011 Member of the Board of Director of the National Multi Housing Council in Washington DC. He helped integrate Arbor’s DUS platform with the Fannie Mae’s interest in developing affordable housing and military housing initiatives working with Tom White, executive vice president of Fannie Mae multifamily loan division and Kathryn G. Thompson, then a Member of Fannie Mae’s Board of Directors. He executed one of the first Fannie Mae Funded Forward Commitments for new construction and one of the first FHA MAP transactions when HUD revitalized the program.
Founding Mortgage Banking Firm Darach Advisors
After founding Darach Property Advisors in 2003, Ralph Daruns was sought out to provide Commercial Real Estate Consulting services for owners on a wide variety of issues and with his long-standing relationships both in New York and Washington DC was able to provide strategic advisory services and clear guidance. Although Fannie Mae was, ultimately, unable to structure a financing protocol for privately-held multifamily military housing, Ralph Daruns and Kathryn Thompson made numerous presentations to Fannie Mae staff, interested developers and to Defense Department officers at the Pentagon. Ms. Thompson went on to become extraordinarily successful, executing over $800 million in private activity bonds for the construction of privately owned, off-base multifamily housing for military families.
Correspondent Lending Relationships
In 2009 Darach contracted with Rockhall Funding to vitalize their FHA Multifamily Loan origination platform and has since originated more than $150 million in mortgage loans for Rockhall, including refinancing and new construction. In 2011 Darach Advisors expanded its mortgage banking platform, became a correspondent for Prime Lending Capital, a subsidiary of Plains Capital Bank in Dallas Texas, CW Capital in Boston Massachusetts and Rich Mac Funding.
Past Clients and Associations
- Berwind Capital Partners
- DEC Investment Company
- First Pennsylvania Bank NA
- The Staubach Company
- Las Americas Affordable Housing
- Madison Apartment Group
- Rockhall Funding
- JMB Company
- McCormack Barron Salazar
- Quantum Financial
- Resolution Inc.
- San Antonio Savings Assoc
- Sunrise Communities
- Boston Capital
- D-Star Investments
- Cabot Associates
- Jaffe Blum & Company
- San Antonio Affordable Housing Partners