Roc360, a leader in real estate financing solutions, and its affiliated investment manager, Roc360 Advisors, today announced the closing of its inaugural Insurance Dedicated Fund (“the Fund” or “the IDF”), with $150 million of invested capital from a leading annuity and retirement services provider.
“We are proud to announce the launch of our first Insurance Dedicated Fund offering. We view our IDF program as a way for insurance companies to unlock relative value in the residential credit space where they are typically relegated to whole loan purchases or limited parts of the capital stack in residential mortgage backed securitizations,” said Michael Bennett, Managing Director, Head of Corporate Development at Roc360. “We look forward to building on ways to better serve our real estate investor clients and our capital partners that provide critical resources aiding in the renovation and restoration of America’s aging housing stock.”
Read the full release here
Read the full release here
