Roc360 Announces Additional Capital Sources
NEW YORK, August 14, 2023 /PRNewswire/ — Roc Capital Holdings LLC (“Roc360”, the “Company”), a vertically integrated platform for residential real estate investors and a leading originator of business-purpose loans, and Temasek, a global investment company headquartered in Singapore, today announced the launch of Roc360 Real Estate Income Trust Inc (“Roc360 REIT”).
PacWest Sells Real-Estate Lending Unit
Roc360, a real-estate lending arm, will buy the bank’s Civic Financial Services unit, which specializes in lending money to landlords and investors who buy homes to fix them up for resale.
The Current State of the Single Family Rental Market
In speaking about the current state of the single family rental market, Mike Bennett, Head of Corporate Development for Roc360, discussed the company’s outlook for an eventual “return to normal” for DSCR lending as markets stabilize and borrowers acclimate to the new interest rate regime. Roc360 has seen an uptick in demand from its rental property investors as the initial shock of interest rate increases has abated and has seen consistent demand for its Fix and Flip investors.
Wall Street Journal Article: Fix-and-Flip Lenders are Consolidating
The Wall Street Journal covered Roc360’s latest acquisition of Finance of America’s flip-loan business.
Roc360 Further Expands its Leading Portfolio of Brands with Acquisition of Origination Assets of Civic Financial Services
Roc Capital Holdings LLC (“Roc360”), a vertically integrated platform for residential real estate investors and a leading originator of business-purpose loans nationwide, today announced it has purchased the origination assets of Civic Financial Services (“CIVIC”), a subsidiary of Pacific Western Bank (“PacWest Bancorp”; Nasdaq: PACW).
Roc360 Expands its Leading Portfolio of Brands with Acquisition of Finance of America Commercial Through Asset Sale
Roc360 Expands its Leading Portfolio of Brands with Acquisition of Finance of America Commercial Through Asset Sale
Roc 360 Ranked Number No. 302 Fastest-Growing Company in North America on the 2022 Deloitte Technology Fast 500™
New York, NY — Roc Capital Holdings LLC (“Roc360”) a vertically integrated digital platform for residential real estate and a leading originator of investor loans nationwide, today announced it ranked No. 302 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 28th year. Roc360 grew 483% during this period.
How Wall Street, Silicon Valley institutionalized home flipping
Once a local business, home flipping is now a national FinTech operation
Roc Capital Teams Up with ATTOM to Help Fuel Data Hunger
“I think data is the future.” (Maksim Stavinksy, Co-Founder and COO Roc Capital)”
Flipping the switch on home flipping
From hard money lenders to hedge funds to iBuyer startups, investors are rushing into the fix-and-flip space in NYC and beyond.
