Homestead Capital Hires Luke McCarthy to Lead Loan Origination; Expands U.S. Agricultural Lending Operations

SAN FRANCISCO, May 28, 2025 /PRNewswire/ -- Homestead Capital USA LLC (Homestead), a diversified investment manager that acquires and finances high-quality farmland across the United States, today announced that Oregon-based industry veteran Luke McCarthy has joined the firm's credit team as a director. In this new role, McCarthy will lead loan origination efforts to accelerate the firm's expansion of its agricultural lending operations.

San Francisco-based Homestead manages more than $1.6 billion in equity and credit assets for pension plans, endowments, foundations, insurance companies, and family offices.

McCarthy has more than 15 years of national and sector-wide experience in agricultural financing, including credit analysis, collateral valuation, due diligence and loan syndications. At Homestead, he will focus on expanding the firm's lending operations and building relationships with farmers, ranchers, agricultural executives and fund managers across the United States.

Before Homestead, McCarthy was executive director for PGIM Real Estate where he originated and managed more than $1.3 billion in agribusiness and farm real estate loans. Previously in his career, he was vice president of loan syndications for Rabo AgriFinance, where he managed the firm's sell-side syndicated loan portfolio in the central and western United States and oversaw buyside deal flow and execution.

"As sophisticated investors continue to explore alternative asset classes and as we continue to expand our private credit business, Luke's expertise in agricultural finance and his first-hand farming knowledge will be of great benefit to Homestead clients," said Justin Burns, managing director.

McCarthy was raised on his family's pear, apple and cherry farm in Oregon and remains active in its operation. He holds a bachelor's degree in applied economics and management in finance from Cornell University, a master's degree in agricultural economics from Purdue University, and a master's degree in business administration from Indiana University's Kelley School of Business.

With 22 employees and operations in the Pacific, Pacific Northwest, Mountain West, Delta and Midwest regions of the United States, Homestead primarily works with small and mid-sized farmers to provide capital solutions and improve profitability. Homestead is majority employee-owned and led by Daniel Little and Gabe Santos, Co-Founders and Co-CEOs.

About Homestead Capital

Established in 2012, Homestead acquires and manages high-quality farmland properties and is a lender to agricultural operators. Homestead focuses on acquisitions with opportunities for value enhancement through capital improvements, tailored farm management, economies of scale, crop selection and rotation, and customized farm operating strategies. For more information, visit www.homesteadcapital.com.

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SOURCE Homestead Capital