Ramsfield is managed and staffed by experienced hotel real estate professionals. The boutique nature of our firm allows us to provide a streamlined and expeditious operation from asset review through approval and closing. Using the depth of our capital, market knowledge, and expertise, Ramsfield creates versatile transaction structures that meet the needs of our borrowers and investors. Please contact us at for more information. 



Mr. Mandel is responsible for the overall development and operation of Ramsfield Hospitality Finance (“RHF”). He has a specific focus on new deal origination and capital formation. Richard founded Ramsfield Hospitality Finance as a joint venture with CarVal Investors in 2003 (f.k.a. Cargill Value Investment).

Since the founding of the Company, RHF has been involved in over $700 million of hotel debt and equity investments.  These investments have yielded a nearly 20% IRR.

Prior to the founding of Ramsfield, Richard was Director and Founder of Kenedix. From 1995 to 2002 Kenedix grew from a start-up to a full service real estate investor and advisory firm. The company entered the public markets in Japan with a successful IPO in 2002 and today is a market leader in the country.

From 1993 through 2002, Mr. Mandel held various senior positions at Kennedy Wilson USA, culminating as President of the Commercial Investment Sales Group. Under his leadership, Kennedy Wilson completed over $1 billion of commercial real estate transactions. In addition to running the Investment Sales Group, Mr. Mandel originated and oversaw over $500 million of principal investments for Kennedy Wilson.

Mr. Mandel was previously a Director at Jones Lang Wootton USA and was involved with all aspects of real estate investment banking from disposition, analysis, marketing, negotiations and closing.

Mr. Mandel received his Masters degree from the J.L. Kellogg School of Management at Northwestern University and a BA degree from Washington University in St. Louis, Missouri.


Adam Maisel, principal

Mr. Maisel is responsible for all aspects of new transaction sourcing and underwriting. He also oversees Ramsfield’s asset management team, working with its management arm and third-party service providers to effect operational decisions that increase the value of hospitality investments and reduce risk.

Mr. Maisel also helps guide the company’s overall operations, including capital raising efforts.

This is Adam’s second stint at RHF, having previously worked at the company for over five years originating and closing on hotel debt transactions. Prior to rejoining the company, Adam spent five years at GB Lodging / GFI Hospitality, a hotel investment firm focused on lifestyle hotels.  He led GFI’s hotel acquisition team, helping to successfully amass a hotel portfolio valued in excess of $1 billion.  He also supported the company’s hotel financing efforts, and worked with its Asset Management and Development teams in overseeing the company’s unique hotel properties and complex development projects.

Mr. Maisel earned his Bachelor of Science degree from Cornell University’s School of Hotel Administration with a concentration in real estate finance. He has spent his entire career focusing on hospitality real estate investing, becoming intimately involved with all facets of hotel ownership at hotel’s ranging in size from 30 rooms – 500 rooms in throughout the United States, including Hawaii, and Mexico.


Brendan McNamara, Vice President

Mr. McNamara is responsible for prospective deal underwriting and asset management of Ramsfield’s hotel investments. Prior to joining Ramsfield, Mr. McNamara served as an Associate at Trimont Real Estate Advisors, assisting in hospitality special asset management and real estate asset management.

While at Trimont, he supported the development and execution of loan modification strategies for under-performing, non-performing, and REO hospitality loans. He also monitored on-going senior, mezzanine, and equity position workouts, capitalization strategies, asset valuations, and return analyses. Prior to his time at Trimont, Mr. McNamara was a Financial Analyst in Business Development at Davidson Hotels & Resorts, a hotel owner and operator, where he was responsible for underwriting hotel acquisitions, management takeovers, and development opportunities.

Mr. McNamara holds a Bachelors of Science degree from Cornell University’s School of Hotel Administration.

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Ben Broad, Senior Analyst

Mr. Broad assists with prospective deal underwriting, market research and asset management for Ramsfield’s hotel investments.

Mr. Broad graduated from Cornell University’s School of Hotel Administration in 2017, where he studied real estate and finance. Prior to joining Ramsfield, Mr. Broad served as an Associate at Ernst & Young in the Real Estate and Hospitality Advisory team, primarily assisting in commercial due diligence, valuation and market research.


Paul J. Mullaney, Senior Advisor

Mr. Mullaney is a managing director for CarVal Investors’ North American Real Estate business. He is responsible for managing commercial real estate loan assets in North America. As a partner with RHF, he is intimately involved in all aspects of the business, specifically, reviewing underwriting and assisting in the structuring of loans.

Prior to joining CarVal Investors, Mr. Mullaney was an investment manager for three years in Cargill’s Structured Finance Group. Before joining Cargill in 1987, Mr. Mullaney was a senior auditor for Coopers & Lybrand in Minneapolis running audits on pension plans, real estate and insurance companies.

Mr. Mullaney received his MBA with a concentration in Finance from the Carlson School of Management at the University of Minnesota. He has a BA in Accounting from the same university. Mr. Mullaney is a CFA charterholder.

Barbara Massler, Office Administrator