The board of directors of Dallas-based Legacy Capital—an FHA/MAP lender and Ginnie Mae issuer serving multifamily clients nationwide—has appointed Jerry Abrahams as president and CEO.
Legacy Capital is the sister company of Springfield, Missouri-based Legacy Bank & Trust, which recently expanded to Texas with the opening of a new corporate office in Uptown Dallas and three new branches in Dallas, Fort Worth, and Plano.
Abrahams joined Legacy Bank and Trust in 2023 as head of corporate strategy and recently transitioned to the new role with Legacy Capital.
Abrahams has been in the financial services industry for the past 30 years with a focus on mortgages for affordable and market rate multifamily commercial real estate, banking, and investment banking, Legacy said. He has also led teams for numerous investments in real estate, renewable energy, and municipal finance.
“The addition of Jerry to our Legacy Capital team reflects the company’s continued commitment to the growth and success of this business,” Legacy Capital Board Chairman John Everett said in a statement. “Legacy Capital is an important part of our vision to better serve our multi-family customers. Legacy Bank and Trust is a leader in construction and permanent lending for affordable and market rate borrowers, and Legacy Capital provides additional financing capabilities for our customers. Jerry will help us realize this vision.”
Abrahams is the former CEO of a commercial mortgage services company that was one of the nation’s leading providers of FHA, Fannie Mae, and Freddie Mac mortgages. He also has extensive experience in LIHTC syndication, Legacy said.
“I look forward to contributing to the dynamic next chapter of Legacy Capital’s future and working closely with our talented team and our colleagues at Legacy Bank and Trust,” Abrahams said. “We have great momentum even in this difficult market, as we are growing both our staff and our pipeline.”
Abrahams serves on the board of the Connecticut Financing Housing Authority and is also an Adjunct Professor at Robert F. Wagner Graduate School of Public Service at New York University. He earned his undergraduate degree in economics from Washington University in St. Louis and an MBA with a concentration in finance from Columbia University.
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