Mr. Kassam is the Chief Executive Officer of Rama Capital Partners, LLC and the President of Athas Capital Group, Inc., both companies that he co-founded in 2008. Athas has the distinction of being one of the nation’s largest hard money lenders and through its recently expanded product offering is now pioneering the re-birth of sub-prime lending. Rama Capital is Athas’ in-house financing arm.
Previously, Mr. Kassam joined Quality Home Loans as its Chief Executive Officer one week after the company filed for Chapter 11 protection. In addition to managing the day-to-day operations of the company, Mr. Kassam was responsible for navigating the bankruptcy process and architected a $167M securitization.
Prior to Quality Home Loans, Mr. Kassam was the Senior Credit Analyst at Pacificor LLC where he focused on investing in stressed, distressed and special situation credit opportunities. Over his tenure, Pacificor’s returns outperformed the high yield indices by over 10% per year and the firm’s assets under management grew to $600 million from $200 million.
Before joining Pacificor, Mr. Kassam was an Investment Analyst with CapitalSource Finance LLC where he focused on making secured debt and mezzanine investments in healthcare companies.
Mr. Kassam began his career as an Investment Banker with Lehman Brothers, Inc. where he worked with private equity firms to source and finance leveraged acquisitions and to develop strategic alternatives for their existing portfolio companies. He also worked with global industrial companies across a broad range of corporate finance projects including mergers and acquisitions, all tranches of debt offerings/underwriting, and both public and private equity offerings.
Mr. Kassam graduated from the University of California, Los Angeles where he studied Business Economics and Accounting.