Kassam, Co-Chief Executive Officer
Kassam is the Co-Chief Executive Officer of Rama Capital Partners,
LLC and Athas Capital Group, Inc., both companies that he co-founded
in 2008. Athas has the distinction of being one of the nation’s
largest non-prime mortgage lenders and has been credited for pioneering
the re-birth of “sane” 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.
O’Shaughnessy is the Co-Chief Executive Officer of Rama
Capital Partners, LLC and Athas Capital Group, Inc., both companies
that he co-founded in 2008. Athas has the distinction of being
one of the nation’s largest non-prime mortgage lenders and
has been credited for pioneering the re-birth of “sane”
sub-prime lending. Rama Capital is Athas’ in-house financing
Previously, Mr. O’Shaughnessy was the President of Quality
Home Loans, joining them after they purchased his prior company,
Bankers Express Mortgage, in 2007. While at Quality Home Loans,
Mr. O’Shaughnessy helped to orchestrate a $167M securitization.
In 1998, Mr. O’Shaughnessy founded Bankers Express Mortgage
with the vision of running a private, alternative mortgage lender
that put profit above production. Bankers Express participated
in all aspects of mortgage origination and secondary market activities,
including A paper, sub-prime, and hard money paper. The company
grew to over 55 employees and posted an impressive streak of profitability
for 36 consecutive quarters, the entire span of its existence.
Mr. O’Shaughnessy had his start in the mortgage banking
industry with Title West Mortgage Inc., where he excelled to become
President. During his tenure, he helped Title West grow from 20
employees to over 250 employees and $160 million per month in
production. Mr. O’Shaughnessy is also credited with building
a wholesale division and pioneering sub-prime loans with Bank
One, in the days before FICO scores were established.