# Roc360 > Contact: development@softdreams.eu ### Pages #### Careers Careers Roc360 is growing, and we’re looking for top talent to join our team. If you’re passionate about finance, technology, and real estate, or if you simply have a wealth of experience, talent, and passion, explore our open roles and become part of a company that’s shaping the future of residential real estate investment. Explore open roles Our Mission At Roc360, we're transforming how institutional capital connects with residential real estate, empowering independent investors, small businesses, and entrepreneurs shaping the future of housing. With over a decade of success, our platform supports every step of the investment lifecycle, turning fragmented markets into scalable opportunities. We are Roc360. Opportunities Explore our current job opportunities worldwide. If you don’t find the perfect match right now, keep checking back as new positions become available regularly. Open roles North America Marketing Technology Engineer New York City, NY, Hybrid Considered Valuation Analyst New York City, NY, Remote ASSOCIATE MUTIFAMILY UNDERWRITER New York City, NY SENIOR VALUATIONS SPECIALIST New York City, NY, Remote Internship North America Roc360 SUMMER ANALYST PROGRAM New York City, NY Open roles Costa Rica Senior Java Tech Costa Rica office, Remote Mid Level Java Tech Costa Rica office, Remote Junior Java Tech Costa Rica office, Remote Benefits & Wellness Taking care of our people is just as important as taking care of our customers. We offer competitive compensation and benefits with an emphasis on employee wellbeing. Competitive Salary Matching 401K Health Insurance Performance Bonus HSA & FSA Options Life & Disability Holidays & PTO Paid Parental Leave Working together towards a common purpose and mission, matters. Being committed to something bigger than ourselves, matters. Finding joy in what we do, matters. #### Contact Us Contact Us Please fill in our contact form to reach us and we will get back to you directly. *First name *Last name *Email address *Message You agree to receive SMS messages from Roc360 and/or its affiliates. By opting in, you consent to receive messages at the mobile number provided. Message and data rates may apply. Reply STOP to opt out, HELP for help. You confirm that you have read and agree to our terms and conditions and privacy policy Roc360 HQ - New York 645 Madison Ave, 19th Floor New York, NY 10022 Roc360 media relations: pr@roc360.com (212) 607-8333 Facebook-f Linkedin-in Instagram #### Leadership Leadership Executive Leadership Roc360's founders boast over two decades of experience, having navigated quantitative strategies within leading financial institutions and independently as a hedge fund. As Roc360 has grown, the core team has expanded to include leaders with diverse talents and perspectives who share Roc360’s vision and values. Maksim Stavinsky Co-Founder and Chief Executive Officer Read Bio Maksim StavinskyCo-Founder and Chief Executive Officer Mr. Stavinsky is the Co-Founder and Chief Executive Officer of Roc360. He began his career at Deutsche Bank in the Equity Proprietary Trading division, running quantitative equity portfolios across multiple international offices. Mr. Stavinsky received his B.A. in Finance and Information Systems from the Stern School of Business at New York University in 2002. Mr. Stavinsky served as Trustee for the Abraham Joshua Heschel School from 2009 to 2022, including as Chair of its Investment Committee from 2019 to 2022 and as a member of the Audit Committee. Eric Abramovich Co-Founder and Chief Revenue Officer Read Bio Eric AbramovichCo-Founder and Chief Revenue Officer Mr. Abramovich is a co-founder of Roc360 and its Chief Revenue Officer. He has focused on scaling origination channels to deliver a best-in-class product and risk adjusted return for all. Mr. Abramovich's prior experience includes managing a quantitative equity long/short portfolio at Deutsche Bank and managing the Tokyo office for the team's trading strategy at Deutsche Bank. Ranajoy Sarkar Chief Product Officer and Chief Credit Officer Read Bio Ranajoy Sarkar Chief Product Officer and Chief Credit Officer Mr. Sarkar is the Head of Credit and Chief Product Officer for Roc360. Mr. Sarkar's primary goal is to lead the development and rollout of lending products and services that deliver value to Roc360's ecosystem of origination partners, mortgage brokers, real estate borrowers and various ancillary service providers. Prior to Roc360 in 2016, Mr. Sarkar spent over 18 years in mortgage and structured credit trading, research and portfolio management at Lehman Brothers, Bear Stearns and Napier Park Global Capital. He holds a Bachelor of Technology degree in Aerospace Engineering from the Indian Institute of Technology, Kanpur, India and an MBA in Finance from the John M. Olin School of Business at Washington University in St. Louis. Brandon Dunn Chief Sustainability Officer Read Bio Brandon DunnChief Sustainability Officer Mr. Dunn joined Roc360 in 2016. He oversees Roc360's sustainability initiatives. Mr. Dunn's prior experience includes Managing Director and Head of Structured Product Marketing at UBS and senior member of the fixed income sales and trading teams at JP Morgan, Deutsche Bank, Smith Barney and LF Rothschild. He received his B.S. in Economics from University of Pennsylvania–Wharton School and his J.D. from Georgetown University Law Center. Advisory Board Roc360’s advisory board is comprised of accomplished CEO’s who have served at some of the world’s largest companies. Renowned for their extensive business expertise within and beyond the real estate industry, these individuals bring a wealth of knowledge and invaluable insight for the success and growth of Roc360. The board regularly reviews the progress of our key strategic initiatives and interact closely with leadership and department heads. Arvind Raghunathan, Ph.D. Founder Read Bio Arvind Raghunathan, Ph.D.Founder Mr. Raghunathan is a Founder at Roc360. Prior to this, Mr. Raghunathan was a Managing Director and head of Global Arbitrage at Deutsche Bank, and a member of the firm’s Global Markets Leadership Forum (GMLF). Before joining Deutsche Bank, he was head of a proprietary trading group at Credit Suisse First Boston (“Credit Suisse”), where he served from 1992 to 1995 and again from 1997 to 1999. He received his Bachelor of Technology degree in 1984 from the Indian Institute of Technology in Chennai, India and his Ph.D. in Computer Science from the University of California, Berkeley in 1988. Upon graduating from Berkeley, Mr. Raghunathan was a faculty member of the Computer Science department at New York University and at the University of California, Davis. Deven Sharma, Ph.D. Chair of the Board Read Bio Deven Sharma, Ph.D.Chair of the Board Deven previously held the role of President at Standard & Poor’s. Earlier in his career, he was a Partner at Booz Allen Hamilton prior to leading Global Strategy and M&A at the McGraw-Hill Companies. Deven serves as Chair of the Board at Roc360, while also advising Private Equity firms on Information, Technology and Financial Services and investing in data and analytics enabled disruptive early growth companies. He is also a Research Fellow of Connection Science @ MIT Media Lab. Michael Pralle Board Member Read Bio Michael PralleAdvisory Board Member Michael is the former Chief Executive Officer and President of GE Real Estate, and President and Chief Executive Officer of GE Equity. During his last six years at GE, he was also a Corporate Senior Vice President. Following GE, he became the President and Chief Investment Officer of JER Partners, LLC. Earlier in his career, he spent eight years with McKinsey and Co. In addition to serving on the Roc360 board, he is on the advisory board of Energy Impact Partners, and a former Trustee of the Urban Land Institute, a former member of the Real Estate Roundtable and the NAREIT Board of Governors. He is a graduate of Harvard College, and the Stanford Graduate School of Business. Theodore Janulis Board Member Read Bio Theodore JanulisAdvisory Board Member Ted spent 23 years at Lehman Brothers in senior management roles including Managing Director and Global Head of Investment Management Division prior to serving as Chief Executive Office of Aurora Bank and then Chief Executive Officer of CRT Capital Group LLC. In addition to his role on the Roc360 board, he serves on the Boards of the Lehman Brothers Foundation, Ronald McDonald House, the International Center for Photography and The Explorers Club. Nancy De Liban Board Member Read Bio Nancy De LibanAdvisory Board Member Nancy is Partner & Global Head of Consumer & Residential Credit. Prior to joining Apollo, Nancy was a Senior Managing Director at Countrywide Financial Corporation, as well as the President of Countrywide Alternative Asset Management. While at Countrywide, Nancy oversaw non-agency MBS and whole loan trading including all conduit operations. Nancy was also a member of Countrywide’s Model Validation Committee and was one of the senior managers in charge of Countrywide Commercial Real Estate Finance. Previously, Nancy was a Senior Managing Director at Bear Stearns and was employed for nearly 15 years, where she was a member of the mortgage team focused on modeling, structuring and trading of structured products and was responsible for numerous structural innovations. Nancy received her Bachelor’s degree in Finance from the University of Southern California. She currently serves on the board of directors of Aris Mortgage Holding Company, LLC. Michael Heller Board Member Read Bio Michael Heller Board Member One of the preeminent scholars working on private law theory today, Michael Heller writes and teaches about who gets what and why. His writings range over innovation and entrepreneurship, corporate governance, biomedical research policy, real estate development, African-American and Native American land ownership, and post-socialist economic transition. In each area, Heller helps people see and cure ownership dilemmas no one had previously noticed. In his book Mine! How the Hidden Rules of Ownership Control Our Lives, Heller and co-author James Salzman reveal the six simple stories everyone uses to claim everything. Owners choose the rule that steers us to do what they want. But we can pick a different rule. As Heller and Salzman show – in the spirited style of Freakonomics and Nudge – ownership is always up for grabs. Heller’s influential and widely reviewed book, The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives reveals an ownership paradox that Heller discovered: creating too many property rights can be as costly as creating too few. In The Choice Theory of Contracts (downloadable intro at ssrn), Heller and coauthor Hanoch Dagan answer the question: what is freedom in “freedom of contract”? He is the editor of the two-volume Commons and Anticommons, and co-editor with Merritt Fox of Corporate Governance Lessons from Transition Economy Reforms. Heller has also published dozens of articles in all the leading law journals. For a sampling, see his ssrn page. At Columbia, Heller is the Lawrence A. Wien Professor of Real Estate Law, and the Vice Dean for Curriculum. Previously, he also served as the Vice Dean for Intellectual Life. Before joining Columbia Law in 2002, Heller taught at the University of Michigan Law School where he received the L. Hart Wright Award for excellence in teaching. He has taught at NYU, UCLA, and Yale Law Schools and was a fellow at the Center for Advanced Study in the Behavioral Sciences. Prior to entering academia, he worked at the World Bank on post-socialist legal transition. Heller served as a law clerk for Judge James Browning of the 9th Circuit Court of Appeals. Soyoun Ahn Board Member Read Bio Soyoun Ahn Board Member Soyoun Ahn joined Temasek in July 2017 in the New York office and serves as Managing Director on the Credit and Hybrid Solutions team.  Soyoun’s work experience has focused on credit-oriented principal investing and leveraged financings. She previously held positions at TPG Special Situations Partners (now operating as Sixth Street Partners) and J.P. Morgan’s Syndicated & Leveraged Finance Group. Soyoun received a bachelor’s degree in economics from the University of California, Berkeley. Aseem Sood Board Member Read Bio Aseem Sood Board Member Aseem Sood is a Managing Director at Temasek International, responsible for Real Estate Investments globally. Temasek’s Consumer & Real Estate Sectors form 13% of the aggregate portfolio size of US $324 billion, approximately US $42 billion. Aseem joined Temasek in 2010 and has over 15 years of experience in real estate finance across US, Asia and Europe. He holds an MBA in Finance from the Indian Institute of Management Calcutta & a Bachelor of Science in Physics from St. Stephen’s, Delhi University in India. Senior Management Roc360’s senior management team is comprised of seasoned professionals with decades of combined expertise. Together, they lead strategic initiatives, drive innovation, and foster a culture of collaboration. Their vision and dedication to the growth and success of Roc360 ensures that it remains at the forefront of the industry, poised for continued and sustainable growth. Amar Shah Managing Director, Deputy Chief Credit Officer Read Bio Amar ShahManaging Director, Deputy Chief Credit Officer Amar Shah joined Roc360 in 2017 and presently serves as the Deputy Chief Credit Officer. In this capacity, Amar is responsible for overseeing all credit aspects of Roc360's loan products and monitoring the credit quality of the company's loan portfolio. Additionally, he holds a seat on Roc360's Credit Committee. Before joining the team, Amar held various roles at a national private lender, spanning credit, capital markets, and operations. He earned a degree in Economics from the University of Connecticut. Andrew Whelan Managing Director, Chief Risk Officer Read Bio Andrew WhelanManaging Director, Chief Risk Officer Andrew Whelan serves as the President of Roc360 Real Estate Income Trust, Inc. and Roc360 Advisors LLC, in addition to holding the position of Chief Risk Officer (“CRO”) at Roc360. He joined in January 2021, initially serving as the Deputy Chief Operating Officer (“COO”) before assuming the role of “CRO” in June 2022. With over 25 years of experience in finance, Andrew has held various leadership positions in banking, capital markets, and advisory capacities for international firms. Prior to joining Roc360, Andrew served as the Head of Non-Performing Loans (NPL) & Real Estate Owned (REO) Advisory at Grant Thornton Spain from 2018 to 2021. Andrew also held senior management roles at Allied Irish Banks, focusing on the sell side, buy side, and financing of European NPL & REO portfolios for seven years. Earlier in his career, Andrew spent 14 years at AIB Capital Markets, where he specialized in treasury operations, corporate debt, mergers and acquisitions (M&A), structured products, and capital and liquidity management. Andrew holds a Bachelor of Arts degree in Economics & Political Science from Trinity College Dublin. Apoorve Elhence Managing Director, Chief Technology Officer Read Bio Apoorve ElhenceManaging Director, Chief Technology Officer Apoorve Elhence is the Head of Technology at Roc360, where he helps shape and define the company's technology vision and strategy to align with its business goals. He leads the development and implementation of IT systems aimed at enhancing operational efficiency and productivity. Upon joining Roc360 in 2016, Apoorve brought a wealth of experience to his role. He earned his master’s degree in Computer Science from the Rochester Institute of Technology. Prior to his current position, Apoorve also led technology initiatives at Citigroup, notably contributing to the development of the Citi Velocity and Citi Research portals. Apoorve has also served as a senior technology lead in the Healthcare and Insurance sectors. Gail Glidewell Managing Director, Chief People Officer Read Bio Gail Glidewell Managing Director, Chief People Officer Gail has been an attorney for over 17 years and an in-house and General Counsel for over a decade. She has vast experience in the legal, compliance and risk management areas, and with complex legal documentation management and drafting. She has extensive legal experience in the real estate, corporate and finance industries. Prior to joining Roc360 in January 2017, Gail was Corporate Counsel at Proverian Capital, LLC, a New York-based life settlement provider, where she managed the company’s legal, compliance, licensing, and risk management programs from 2008 to 2016. Before that, she was an Assistant General Counsel at AIG, where she provided legal advice to underwriters in multiple P&C profit centers. Prior to AIG, Gail was an Associate at Thompson Hine LLC (NY) and Cahill, Gordon & Reindel (NY), where she was a corporate, finance, and real estate associate. As General Counsel of Roc360, Gail’s manages the legal structure of the company as a whole, most of which centers around compliance, risk management, legal documentation management. Garry Smalley Managing Director, and Head of Elmsure Read Bio Garry SmalleyManaging Director and the Head of ElmSure Garry Smalley is a Managing Director and the Head of ElmSure, a Roc360 company, where he focuses on innovation in real estate insurance. Garry has been with Roc360 since 2018 and, together with Roc360's management, established ElmSure as an in-house, adjacent P&C and builder’s risk insurance agency. Garry is a seasoned insurance executive with over 25 years of industry experience spanning operations, underwriting, strategic partnerships, and entrepreneurship. A native of Brooklyn, NY, Garry began his career at GEICO, where he held roles across customer service, underwriting, and ultimately served as an Affinity Program Manager. In this role, he led negotiations for exclusive marketing agreements with major university alumni associations, driving significant growth through targeted affinity partnerships. Following his tenure at GEICO, Garry founded a successful insurance consulting firm, where he also taught Property and Casualty Insurance licensing courses. Building on this momentum, he co-founded Fountain Risk Management, a boutique insurance brokerage and risk advisory firm. Under his leadership, Fountain quickly grew and was acquired by the FinTech company CoverWallet. Garry remained with CoverWallet post-acquisition, where he was instrumental in recruiting and training teams across both New York City and Rochester. Garry is the proud father of two daughters. Outside of work, he enjoys traveling, hiking, and gathering with family and friends over great barbecue. Gregg Kennedy Managing Director, Head of Sales at Civic Financial Services Read Bio Gregg KennedyManaging Director, Head of Sales at CIVIC Financial Services Gregg Kennedy serves as the Managing Director, Head of Sales for CIVIC Financial Services, where he oversees residential and commercial real estate lending sales nationwide. Throughout his career, Gregg has cultivated extensive business relationships with a diverse array of real estate professionals, including developers, lenders, wholesalers, brokers, contractors, and individual investors. Gregg’s expertise includes comprehensive analysis and evaluation of residential and commercial real estate investments, direct loan underwriting, loan origination, and all aspects of real estate acquisitions. He earned his master’s in real estate finance from New York University in 2008 and has worked in the real estate industry since 2012. He resides in Rumson, NJ with his wife and 3 children. Gregory Sonis Managing Director, Chief Accounting Officer Read Bio Gregory SonisManaging Director, Chief Accounting Officer Greg’s career spans more than 25 years of experience in accounting, financial management, business leadership and corporate strategy. He began his accounting career in the financial services group at Deloitte, moving on to serve as Chief Financial Officer for various alternative investment asset management companies, overseeing their operations, finances, and back offices. His portfolio includes growth strategies that lead to significant gains in assets under management for those firms. As Chief Accounting Officer of Roc360, Greg provides strategic direction on all aspects of the finance function, overseeing the company’s back office operations, accounting and participating in the due diligence process. Jack Youngworth Managing Director Read Bio Jack YoungworthManaging Director Jack Youngworth is the Managing Director of Marketing for Roc360, where he leads the development and execution of marketing, go-to-market and content strategies for Roc360 and its family of brands spanning both Capital Formation and Capital Deployment. Prior to joining Roc360 as the Head of Content in 2022, Jack spent many years in senior marketing roles leading marketing strategy and operations at several industry-leading organizations within the real estate financing and investment industries, including DLP Capital and Arbor Realty Trust. Jack also spent 12 years as the Managing Principal at YCI, a strategic PR and Marketing Consultancy focused on the banking, financial services, mortgage and fintech industries. He began his career at Katz Media Group, a subsidiary of iHeart Media. Jack holds a B.S in Marketing from Villanova University and a certificate in Digital Marketing from Columbia University School of Business. Lauren DeMasi Managing Director, Roc360 & General Counsel Roc360 REIT Read Bio Lauren DeMasiManaging Director, Roc360 & General Counsel - Roc360 REIT Lauren Demasi serves as Managing Director and General Counsel of Roc360 REIT, where she brings extensive legal expertise in investments, securities, real estate, lending, loan servicing, compliance, and investment fund formation. Before joining Roc360 in 2024, Lauren was General Counsel at Aspen Capital, overseeing legal matters for Great Ajax Corp., a public REIT, and Gregory Funding LLC, a loan servicer. Prior to that, she served as Director of Legal at a real estate investing platform startup. Lauren also spent over 12 years in private practice, including roles as a shareholder at Lane Powell and as an associate at Schulte Roth & Zabel in tax and fund formation. Lauren holds a B.A. from The Pennsylvania State University and a J.D. from Cornell Law School. Lucas Sambrook, Esq. Managing Director, Head of Closings & Special Servicing Read Bio Lucas Sambrook, Esq.Managing Director, Head of Closings & Special Servicing Lucas Sambrook is the Head of Closings, Special Servicing and the Real Estate Counsel for Roc360. In this role, Lucas oversees the legal closing process of all loans at Roc360, as well as the special servicing efforts centered around loan recourse, workout, modification and asset disposition of funded loans. Additionally, Lucas leads many new company initiatives primarily centered around improving processes through technology and managing risk. Prior to joining Roc360 in 2018, Lucas began his career as an Associate Attorney at a Manhattan law firm specializing in the representation of large institutional banks on their commercial financing initiatives. Lucas, a native of Toronto, received his Honor's Bachelor's Degree from the University of Toronto and then later obtained his J.D. from New York Law School. Lyndsay Wegman Managing Director, Capital Formation Read Bio Lyndsay WegmanManaging Director, Capital Formation Lyndsay Wegman is a Managing Director responsible for capital raising and business development for Roc360.  Lyndsay brings over 20 years of experience to the role, having most recently worked in Morgan Stanley's Capital Solutions business where she leveraged her extensive network of pension and sovereign wealth fund relationships to source debt and equity capital for both established and emerging managers across the specialty finance sector, as well as to drive syndication of significant asset-backed finance warehouse exposures and other balance sheet de-risking exercises.  Prior to joining Morgan Stanley, Lyndsay spent eight years at Wells Fargo, first as a securitized products banker in Mortgage Finance and later within the firm's Global Institutional Capital Group, where she was responsible for coverage of Canadian pensions, Asian and Middle Eastern sovereign wealth funds and select other institutional capital pools.  She began her career in Structured Finance at Bank of America, focusing on residential and consumer assets and held similar roles at Merrill Lynch and J.P. Morgan.  She holds a B.S. in Applied Economics & Management from Cornell University. Melissa Deal Managing Director, Head of Sales Read Bio Melissa DealManaging Director, Head of Sales Melissa has a diverse track record of success across many facets of real estate spanning three decades. She started her career working on the 1995 launch of EPA’s Energy Star Buildings program, promoting the cost-saving benefits of environmentally conscious building and retrofitting of residential and commercial buildings across the US. After a stint in residential real estate, she managed design and construction operations for design-build firms across the mid-Atlantic before pivoting to private lending a decade ago. In her top year as an originator, she closed nearly $100M in loans. As Head of Sales for Roc360, she oversaw the acquisition and integration of 2 retail brands. Now managing 50+ account executives across 3 teams, her role is to continue to grow origination volume by understanding the market and competition, working with internal teams to enhance product offerings and requirements, hire strategically, and generally promote the products and vision of Roc360. Michael Bennett, CFA Managing Director, Head of Corporate Development Read Bio Michael Bennett, CFAManaging Director, Head of Corporate Development Michael Bennett is the Head of Corporate Development for Roc360, a leading financial service platform for residential real estate investors. In this role, his primary objective is to engage with strategic partners of the firm to enhance the growth of the company. Additionally, Michael leads the Company's efforts related to capital raising activities and corporate strategy. Prior to joining Roc360, Michael was a Director at Citigroup where he provided investment coverage services for Family Offices, Endowments and Foundations. Michael began his career at J.P. Morgan in New York City. While at J.P. Morgan, Michael was a part of the Opportunistic Investment Council. Michael graduated from Butler University with a Bachelor’s degree in Finance. He is a CFA charter holder and resides in New York City with his wife and children. Sanjay Kannambadi Managing Director, Head of Operations Read Bio Sanjay Kannambadi Managing Director, Head of Operations Sanjay is an accomplished senior-level executive with over 30 years of extensive experience in the financial services industry, marked by a consistent track record of successful strategic and tactical leadership. With a background spanning major custody banks, broker-dealers, and global management consulting firms, Sanjay has held key executive positions, including Partner. His expertise further extends to serving as CEO and Global Head of a regulated global Derivatives clearing and electronic execution business across the United States and Europe. Throughout his career, Sanjay has cultivated market eminence as a thought leader, evidenced by his frequent presentations at industry and regulatory forums worldwide, as well as his contributions to major industry publications. Notably, he has served on the Boards of the Futures Industry Association (FIA) and NASDAQ Futures, Inc. (NQF), further solidifying his influence and impact within the financial sector. Currently, Sanjay serves as the Head of Operations at Roc360, where he oversees the end-to-end operations of the entire loan origination process. In this role, he takes ownership of all facets, including loan originations, sales, submissions, underwriting, appraisal review, closings, insurance, title, servicing, and draws. Sanjay's educational background is equally impressive, with a B.S. and M.S. in Engineering, complemented by an M.B.A. from the Tepper School at Carnegie Mellon University. His combination of academic prowess and extensive industry experience positions him as a respected leader and innovator in financial operations and management. Scott Hodgden Managing Director, Head of Sales at Finance of America Commercial Read Bio Scott HodgdenManaging Director, Head of Sales at Finance of America Commercial Scott Hodgden serves as the Managing Director, Head of Sales for Finance of America Commercial. With a primary focus on driving sales development and growth, Scott is dedicated to delivering unparalleled service excellence. Prior to his tenure at Finance of America Commercial, Scott held the position of Head of Sales at Jordan Capital Finance and served in senior roles at IndyMac Bank and H&R Block Mortgage. He earned his Bachelor of Science in Finance from Illinois State University. Shang Chen Managing Director, Credit & Roc360 REIT Read Bio Shang ChenManaging Director, Credit & Roc360 REIT Shang Chen serves as the Portfolio Manager of Roc360 REIT, where he collaborates with Roc360's credit and business development teams to support the company's sustainable growth. Before joining Roc360, Shang accumulated 17 years of experience in residential mortgage credit. He began his career at Deutsche Bank on the non-Agency RMBS desk during the onset of the subprime mortgage crisis in 2006, and later joined LibreMax Capital at its launch in 2010. His expertise spans residential credit, including securities, loans, home equity contracts, and private credit. Shang holds a B.S. in Economics from the University of Pennsylvania's Wharton School. Takamitsu Tanaka, Ph.D. Managing Director, Head of Data & AI Read Bio Takamitsu Tanaka, Ph.D. Managing Director, Head of Data & AI Once an established research professor in theoretical astrophysics, Taka now applies his passion for innovation and scientific inquiry to machine learning, artificial intelligence, and data insights. As the Head of Data and A.I. at Roc360, Taka oversees the strategic execution of algorithmic data products; research and development; insight generation; data infrastructure and governance. Under his leadership, the Data and AI team delivers risk analytics guidance, marketing analytics, algorithmically selected leads, data-driven proprietary software, real estate market intelligence, and A.I.-powered efficiency enhancements. Prior to joining Roc in 2021, Taka led data science teams and projects at publicly traded companies, startups, and consulting firms. Taka holds a a Ph.D. in Astronomy from Columbia University, an M.S. in Physics from the University of Pennsylvania, and a B.A. in the College Scholar Program from Cornell University. He has held academic positions at the Max Planck Institute for Astrophysics, New York University, and Stony Brook University. He remains active in the international astrophysics community, where he is known for his contributions to the understanding of supermassive black holes, cosmology, quasars, and gravitational waves. Vishal Parwani Managing Director, RCH India Read Bio Vishal Parwani Managing Director, RCH India Vishal Parwani serves as the Head of Business Operations in India at Roc360, where he collaborates with the firm’s partners and the India Board to shape and execute Roc360's strategic initiatives in India. Vishal’s primary goal is to fuel growth and boost the efficiency of Roc360's operations in India, positioning it as a key hub for all of Roc360’s businesses. Before joining Roc360, Vishal spent over 14 years in the financial services industry in India, with a focus on investment banking. He previously held positions at JPMorgan Chase and CRISIL. Vishal holds a Bachelor of Commerce degree from Loyola College, Chennai, India, and a PGDM specializing in Finance from SCMHRD, India. #### Making it easy for everyone to invest in homes We are Roc360 Making it easy for everyone to invest in homes. We are now in the era of ecosystem-led growth. Enabling investors, brokers and lenders to scale their businesses. Roc Capital Capital Provider Full service capital provider with advanced white label capabilities for private lenders. Learn More Finance of America Commercial Direct Lender New addition of a renowned brand, offering Roc360's products and services to borrower and broker partners. Learn More CIVIC Financial Services Direct Lender Roc360 welcomes CIVIC, a storied and trusted brand, to its growing portfolio of leading real estate brands.     Learn More Haus Lending Direct Lender Introducing experienced real estate investors to Roc360's suite of services while protecting brokers and their relationships. Learn More Elmsure Property Insurance Quick & convenient insurance for real estate professionals. Learn More Tamarisk Appraisals Appraisal Management Company Arranges fast and reliable residential appraisals nationwide. Learn More Our History Quant Heritage | Data Driven Approach | Real Estate Professionals 2025 Closed Third Residential Transitional Loan Securitization Closed Inaugural Insurance Dedicated Fund Focused on Residential Credit Assets 2024 $15 Billion loans funded life to date Closed Second Residential Transitional Loan Securitization, Rated by DBRS Morningstar Recognized on the 2024 Deloitte Technology Fast 500™ for Third Consecutive Year 2023 Acquired Finance of America Commercial Acquired CIVIC Financial Services Roc360 REIT launched $10 Billion in loans funded life to date 2021 $4 Billion in loans funded life to date Closed inaugural residential bridge loan securitization 2020 Launched Tamarisk Appraisals  2019 $2 Billion in loans funded life to dateLaunched Roc360Launched Wimba TitleExpanded product offering to include Single Property Rentals and Multifamily Term Loans  2018 January $500 Million in loans funded life to dateDecember $1 Billion in loans funded life to dateLaunched ElmSure 2016 $100 Million in loans funded life to date 2014 Roc Capital funds its first residential real estate investor loan as a private lender 2009 Co-founders spin out from Deutsche Bank to launch the largest hedge fund launch mid financial crisis with $1.3 billion 2025 Closed Third Residential Transitional Loan Securitization Closed Inaugural Insurance Dedicated Fund Focused on Residential Credit Assets 2024 $15 Billion loans funded life to date Closed Second Residential Transitional Loan Securitization, Rated by DBRS Morningstar Recognized on the 2024 Deloitte Technology Fast 500™ for Third Consecutive Year 2023 Acquired Finance of America Commercial Acquired CIVIC Financial Services Roc360 REIT launched $10 Billion in loans funded life to date 2021 $4 Billion in loans funded life to date Closed inaugural residential bridge loan securitization 2020 Launched Tamarisk Appraisals  2019 $2 Billion in loans funded life to dateLaunched Roc360Launched Wimba TitleExpanded product offering to include Single Property Rentals and Multifamily Term Loans  2018 January $500 Million in loans funded life to dateDecember $1 Billion in loans funded life to dateLaunched ElmSure 2016 $100 Million in loans funded life to date 2014 Roc Capital funds its first residential real estate investor loan as a private lender 2009 Co-founders spin out from Deutsche Bank to launch the largest hedge fund launch mid financial crisis with $1.3 billion Our People Our global team of professionals are committed to improving the US residential real estate ecosystem.Roc360 has over 400 employees across 5 countries. Meet Our Leadership Insights & News See More Nothing Found. Please Add/Select Posts. #### Other Services Other Services LF Solution Services LLC Whether you are a new business or an established organization that has hit a plateau, we can work together to overcome your specific hurdle. Having an objective service provider will give you confidence in meeting your needs. We specialize in ordering and fulfilling all necessary documentation to help you reach your goals in a stress free environment. Check out lfsolutionsllc.com for more info!Site is currently under construction Roc360 Construction Management Services Roc 360 offers a professional service that provides a project’s owner(s) with effective management of the project's schedule, cost, quality, safety, scope, and function. No matter the setting, a Construction Manager’s responsibility is to the owner and to a successful project. At its core, a capital project is made up of three parties (excluding the Construction Manager):The owner, who commissions the project and either funds the project directly or finances it through a variety of methods.The architect/engineer, who designs the project.The general contractor, who oversees day-to-day operations and manages subcontractors. The Construction Manager represents the owner’s interest and provides oversight over the entire project directly for the owner. His/her mandate is to work with all parties to deliver the project on time, at or under budget, and to the owner’s expected standard of quality, scope, and function. Roc360's Construction Managers use industry-standard practices to manage projects successfully. Our Construction Managers are uniquely qualified through combined education and experience to work with the owner, architect, general contractor, and other stakeholders to determine the best possible sequence of construction operations and develop a detailed schedule and budget, while also establishing plans for project safety and security and helping the owner manage risk. #### Privacy Policy Privacy Policy Privacy Policy January 1, 2025 Effective January 1, 2024 This privacy policy (“Privacy Policy”) generally describes the information Roc360 (“we” or “us” or “Roc360”) collects when you use or access its website and any of its platforms, products or services (collectively, the “Services”). It also explains how we use and share the information and what steps we take to protect it.By visiting and using the Roc360’s website or using its Services, you consent to our collection and use of your personal information as described in this Privacy Policy. Please read this Privacy Policy in its entirety. We reserve the right to modify, alter, or otherwise update this Privacy Policy at any time to address changing legal obligations, technologies, business practices and our users’ needs, and we encourage you to check back periodically so that you are always aware of the most current policies and practices that Roc360 has in place to protect your personally identifiable information.Please also review the (herein contained) Terms & Conditions that govern your use of our Services.Roc360 complies with all applicable federal and state privacy laws and regulations.1. Information we collectWhat types of information we gather from you depends on the product or Services you have with us. This information may include:Your name and contact information, Your log-in information when you log into our (or our affiliate’s) platform;If you use our (or our affiliate’s) platform, we may also collect information about the browser you are using.  This information can include:Your IP address or other device identifying information, browser type, browser language, the date and time of your request;One or more cookies that may uniquely identify your device; andInformation obtained through the use of cookies, flash cookies, web beacons, embedded script, or other similar tracking technologies.We may supplement this information with data from third parties. This information may include:Information from other sources, such as financial records, employment history, background information (including, without limitation, criminal background/history), medical records, or other third-party data; andInformation from other reporting agencies, state and federal government agencies such as state motor vehicle departments, and credit reporting agencies (including credit reports/history/scores).Third party data collected from using internet sites and mobile applications.We treat all information about you, whether received from you or from a third-party, in accordance with this Privacy Policy and our Terms and Conditions (contained herein).2. How we use the information we collect.We use the information we collect to provide, maintain, protect, optimize and improve our Services, and to enhance your user experience. We may also use the information we collect in the following ways:Regular Business PurposesWe use the information you provide to update your account(s), process or service requested or authorized transactions, respond to your inquiries and requests, send you notifications, send administrative information to you such as changes to our terms, coditions, and policies, and verify your identity.For Our Own Analytic PurposesRoc360 may also use your information to develop new Services, conduct research, and create anonymous or aggregated reporting for its (or its affiliates’) own use.For Our Own Marketing PurposesRoc360 may use your information to offer our products or Services to youTo Comply with Legal RequirementsIt may be necessary to provide information collected from you to respond to subpoenas, other discovery requests, legal investigations, court orders or to otherwise comply with the law. We may share information pursuant to a governmental agency or investigatory body request. Roc360 may be required to disclose an individual’s personal information in response to a lawful request by public authorities, including to meet national security or law enforcement requirements.3. Other Business or Commercial PurposesWe may use your information for other business and commercial purposes, as permitted by law, including but not limited to, such purposes as:            Data analysis            Operating and expanding our business activities            Security and fraud detection, including detecting security incidents and protecting against malicious, deceptive, fraudulent, or illegal activity.            Debugging, including identifying and correcting errors to our system and services.            Audits, including reviewing current interactions with you and related transactions.            As part of a Merger/Acquisition/Bankruptcy or other transaction.4. How your information is shared.Roc360 does not share, sell, rent or otherwise distribute your personal information except:With Our Service ProvidersWe may share your personal information with other companies and individuals to perform functions or services for us or on our behalf, such as hosting this Site, sending email messages, making phone calls, and processing requests for background and credit checks. These parties are contractually or otherwise restricted from using any personal information for purposes other than providing services for Roc360 (or its affiliates) or on our behalf.For Administrative and Legal ReasonsSee Section 2 above. Additionally, Roc360 also reserves the right to disclose or use information if it has a good faith belief that such action is necessary to: (a) protect and defend the rights, property or liability of Roc360 or its affiliates, other users of this platform, or the public; (b) enforce the Terms and Conditions; (c) respond to claims that any content violates the rights of third-parties; (d) respond to claims of suspected or actual illegal activity; (e) detect, address or prevent fraud, security or technical issues; or (f) respond to an audit.With Business PartnersWe may disclose personal and other sensitive information, as necessary, in connection with providing our products and services. With Your ConsentWe may disclose personal and other sensitive information after receiving your consent for such disclosure. Such consent may be provided via written, electronic, or verbal means, subject to Roc360’s ability to reasonably validate your identity and determine the authenticity of such request.SMS ConsentWe may collect your phone number if you choose to provide it through our website or other means. SMS consent is not shared with third parties or affiliates for marketing purposes. Your SMS consent is used solely for communications directly from Roc360 (the “Brand”).5. How can you limit the sharing of your data?Roc360 respects your privacy and your right to limit the sharing of your information. The following identifies ways in which you can limit the sharing of your information and data:You can contact us at any time to limit our sharing by using the contact information at the bottom of this Privacy Policy. Please note, however, that federal law gives you the right to limit only:Sharing for affiliates’ everyday business purposes;Affiliates from using your information to market to you; andSharing for non-affiliates to market to you.State laws may give you additional rights to limit sharing.You can also opt out of receiving marketing emails by following the opt out instructions in any marketing email or text message you receive.If you do not wish to allow our website to use cookies or similar tracking tools, you may configure your browser to block them. Please understand that blocking cookies may reduce the functions and Services our website makes available to you.For more information on how to reject or delete cookies, you should consult with your browser’s or device’s help documentation or visit www.aboutcookies.org. At this time, Roc360 does not (a) respond to automated signals regarding tracking mechanisms, including “do not track” instructions from your browser; or (b) allow third parties to install software to track users’ identities on its website.To limit the use and disclosure of your personal information, please submit a request to info@roc360.com.6. What steps does Roc360 take to protect your information?Secure Internet Connectivity. Roc360 protects your personal/private information through the use of encryption technology. We use industry standard security protocol (Secure Sockets Layer or “SSL”) to ensure that the connection between your browser and our server remains protected. Unfortunately, no data transmitted over the Internet or data storage system can be guaranteed 100% secure. If you believe your connection with us is no longer secure for any reason, please notify us immediately.Information Security. Personal information and user-specific settings and preferences are stored using commercially standard database and website security software. User passwords and other sensitive user information are saved in a secure manner to prevent unauthorized access or disclosure and accidental loss, alteration, or destruction.Evaluation of Information Protection Practices. Periodically, our operations and business practices are reviewed for compliance with corporate policies and procedures governing the security, confidentiality, and quality of our information.Employee Access, Training and Expectations. Our employees are required to protect confidential third party information in general as a condition of employment at Roc360 (or its affiliates), and our business practices limit the use and disclosure of such information, including personal information, to authorized persons, processes, and transactions.7. Additional concernsUpdating and Correcting Your InformationKeeping your information accurate and up to date is very important since inaccurate or incomplete information could impact our ability to deliver Services to you. Please let us know about any changes that may be required to your personal information by emailing us at info@Roc360.com.Continued Use of InformationEven if you are no longer our customer or client, we may continue to share your information as described in this Privacy Policy.External Links and Third-Party Privacy PoliciesRoc360 may post links to third-party websites that are governed by their own terms and are not subject to this Privacy Policy. We do not exercise control over these third-party sites and are not responsible for the privacy practices of any third-party. We encourage you to read the privacy policies and terms of use of any third-party web sites you visit.International UsersThe Services are operated in the United States and intended for users located in the United States. If you access this Site from a location outside of the United States, your information may be transferred to the United States and you agree to such transfer. Furthermore, you acknowledge that the United States may not provide the same level of protections as the laws of your country.ChildrenThe Services are not intended for anyone under the age of 18. We do not knowingly collect, use or disclose information of children under the age of 18 without the consent of their parents or legal guardians. We will delete any personal information collected that we determine to be from a user younger than the age of 18.Rights of California ResidentsResidents of the state of California have the right to request certain information from us with respect to the types of personal information we share with third parties for their direct marketing purposes, as well as the identities of the third parties we have shared such information with during the immediately preceding calendar year. Residents of the state of California may have the right to correct inaccurate personal information. and limit the use and disclosure of certain sensitive personal information collected. To exercise your choices, please contact us at info@roc360.com and reference “Shine the Light.”CommunicationsFor additional information, or if you have questions regarding this Privacy Policy or privacy practices at Roc360, please send correspondence to info@roc360.com or via postal mail to:Roc360645 Madison Avenue, 19th FloorNew York, NY 10022Changes to Privacy PolicyThis Privacy Policy may be revised at any time to reflect changes in the law or in Roc360’s business operations. Any changes will be effective immediately upon the posting of the revised Privacy Policy. Sometimes there may be material changes to this Privacy Policy that we want to apply retroactively. If so, we will notify you and obtain your consent to the extent required by applicable law. #### Resources Insights & News Discover expert insights from Roc360, featuring a curated selection of articles, videos, news, and industry knowledge from the Roc360 team. All Media Blogs  (15) Press Release  (9) Videos  (5) All Tags #### Tackling Big Problems in Residential Real Estate with Jonathan Miller - 18 September Tackling Big Problems in Residential Real Estate with Jonathan Miller SEPTEMBER 18, 2024https://vimeo.com/1006975453Enter your registration email to access the webcast. Email* Still not registered? Click hereDive deep into the evolving landscape of the residential real estate market in this dynamic discussion with Eric Abramovich, Brandon Dunn, and Jonathan Miller. Together, they explore pressing issues like: The housing shortage that is reshaping communities The transformative impact of remote work The rise of sustainability and green initiatives in real estate Plus, learn about the latest valuation models and industry trends that are driving the market forward Whether you’re an investor, a homeowner, or just curious about real estate, this conversation is packed with valuable insights and forward-thinking perspectives that you won’t want to miss. This is a pre-recorded event. Guest Jonathan Miller President and CEO, Miller Samuel Inc. Eric Abramovich Co-Founder and Chief Revenue Officer, Roc360 Brandon Dunn Head of Green and Sustainability Initiatives, Roc360 Special Guest Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. Miller Samuel provides appraisal and consulting services on as much as $5 billion of property annually in the New York City metropolitan area. Jonathan is a U.S. real estate market analyst and a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state, and federal courts across the U.S. He holds The Counselors of Real Estate® (CRE®) and an Appraiser "A" Member of the Real Estate Board of New York. Jonathan was a two-term President of RAC, a national appraiser organization specializing in providing valuation solutions for complex residential properties.Since 1994, Mr. Miller has been the author of an expanding series of market reports for Douglas Elliman Real Estate covering the New York City metro area, Florida, Southern California, and others. These reports are relied on by the media, financial institutions, and government agencies, including the Federal Reserve, Internal Revenue Service, U.S. Department of Housing and Urban Development, the NYC Office of Management and Budget, and the New York State Budget Division Economic Advisory Board and others. He co-authored a research paper for NYU School of Law and the NYU Wagner Graduate School of Public Service's Furman Center for Real Estate and Urban Policy titled The Condominium v. Cooperative Puzzle: An Empirical Analysis of Housing in New York City, published in 2007 by the Journal of Legal Studies at the University of Chicago. He developed pending home sale indices for the Washington, D.C., and Baltimore metro areas and Central Pennsylvania on behalf of Bright MLS, one of the largest multiple listing systems in the U.S.Mr. Miller teaches market analysis as an Adjunct Associate Professor of Architecture, Planning, and Preservation in the Master of Science in Real Estate Development (MSRED) Program at Columbia University. He serves on the New York City Mayor's Economic Advisory Panel, representing the residential real estate sector. He has participated in studies at institutions such as New York University, Princeton University, Columbia University, Baruch College, and Urban Land Institute. He is a well-regarded real estate commentator, covering U.S. and regional housing issues in print, online, television, and radio, including The New York Times, The Wall Street Journal, Bloomberg, Financial Times, Reuters, AP, CNBC, CNN, ABC, and others.Recognition awarded to Mr. Miller include: Recognized as the “Most respected man in New York City real estate” by Fortune Magazine Referred to as a “Real Estate Visionary” by James Lane Post Recognized as one of the “Power Players in Residential Real Estate” by PoliticsNY Referred to as “The Most Honest Man In Real Estate” by Business Insider Recognized as “Notable in Real Estate” by Crain’s New York Business Referred to as “Appraiser Extraordinaire” by Forbes Named “Best Online Real Estate Expert” by Money Magazine Declared “Most Trusted Man in NYC real estate” by The Observer Named one of “The Best Finance People on Twitter.” by Business Insider Selected as one of the 100 Most Powerful People in Real Estate 3 times by The Observer Recognized for “Keeping the Industry Honest” by The New York Post Named one of the 20 Biggest Power Players in New York Real Estate by The New York Post His Matrix blog was named a top five real estate industry b2b site in the Swanepoel Trends Report A 25 most influential U.S. real estate blogger - Matrix was voted a top 5 blogs Inman News Roc360's Executive Hosts Eric Abramovich Eric Abramovich is a Co-Founder of Roc360, a vertically integrated platform for residential real estate investors. Eric has pioneered the firm's industry leading Private Lender Program. Previously, he was a director at Deutsche Bank, where he managed a quantitative equity long/short strategy trading Japanese equities. Additionally, he co-founded an investment vehicle targeting distressed residential real estate assets in the wake of the 2008-09 financial crisis. He received his B.A. in Finance and Actuarial Science from the Stern School of Business at New York University. Brandon Dunn Brandon Dunn joined Roc360 in 2016. He oversees Roc360's green and sustainability initiatives. Brandon's prior experience includes Managing Director and Head of Structured Product Marketing at UBS and senior member of the fixed income sales and trading teams at JP Morgan, Deutsche Bank, Smith Barney and LF Rothschild. He received his B.S. in Economics from University of Pennsylvania–Wharton School and his J.D. from Georgetown University Law Center. #### Terms and Conditions Terms and Conditions TERMS & CONDITIONS August 28, 2025 Welcome to Roc360. These Terms of Service (“Terms”) are a binding contract between you (“you” or “your”) and Roc360 (“we”, “us” or “our” or “Roc360”) with respect to our website at www.roc360.com and its subdomains, if any (our “Site”), through which we offer our services (together with our Site, our “Services”) as a financial services platform to real estate investors. Before you click on the “I accept” button or use our Services, read these Terms carefully. By clicking on the “I accept” button or using our Services, you are agreeing to be bound by and are becoming a party to these Terms. You represent and warrant that you have the authority to enter into these Terms on behalf of any group or entity you represent. You covenant to ensure that all users that gain access to our Services from you are bound by these Terms. If you do not agree to all of these Terms, then do not click “I accept” and do not access and/or use our Services.Additionally, by clicking “I accept,” you agree to transact with us electronically. This means that you agree to receive electronically all disclosures, communications, notices and other information that we may send to you or be required to send to you under applicable law or otherwise pursuant to the terms and conditions set forth below. If you do not wish to transact with us electronically, do not click “I accept.” You have the option to receive disclosures, communications, notices and other information from us in paper format. You also have the option to withdraw your consent to transact with us electronically in the future by emailing us at info@roc360.com. You may update your contact details for receiving documents electronically or non-electronically by emailing us at info@roc360.com.Roc360’s Services are currently offered in the United States only.1. Scope of ServicesWe offer our Services as a financial services platform to residential real estate investors.We may alter, suspend, discontinue or subcontract our Services, in whole or in part, at any time and for any reason, without notice to the extent permitted under applicable law. Our Services may also periodically become unavailable due to maintenance or malfunction of computer equipment or for other reasons. In order to use our Services, you must have a computer or mobile device with Internet access that can access our Site.2. Right to Use; Privacy PolicySubject to these Terms and any other agreement between you and us, we grant you a limited, personal, non-exclusive, non-transferable, non-sublicensable, revocable right to use our Services solely in the manner enabled by us and for your personal, non-commercial use. Your right to use our Services is automatically revoked if you violate these Terms to the extent allowed under applicable law. From time to time, we may upgrade our Services or make improvements to our Services. You agree that these Terms will apply to any such upgrades or improvements. The foregoing right is not a sale of any aspect of our Services or a sale of a copy of any aspect of our Services, and we and our partners and suppliers retain all right, title and interest in our Services. We reserve all rights not expressly granted under these Terms.Our Privacy Policy (the “Privacy Policy”) describes our collection, use and disclosure of data and information in connection with our Services. We may update our Privacy Policy from time to time in accordance with its terms. Our Privacy Policy is incorporated into these Terms, and you agree to the collection, use and disclosure practices in our Privacy Policy.3. Login Credentials; CommunicationsAcknowledgement for You to Receive Communications. You agree as follows:To receive communications, including emails, text messages, push notifications, mail and telephone calls, that are related to the Services.That any communications from us may also include marketing materials from us or from third parties.That any notices, agreements, disclosures or other communications that we send to you electronically are deemed to satisfy any legal communication requirements to the fullest extent allowed under applicable law.You may update your contact details for receiving these communications by emailing us at info@roc360.com.You may opt out from receiving our marketing communications by emailing us at info@roc360.com. or selecting to unsubscribe as may be provided in the applicable correspondence. You may update your contact details for receiving marketing communications by emailing us at info@roc360.com.To the extent in compliance with applicable law, we may record and monitor any telephone or electronic communications with you for quality or security purposes, to evidence your transactions or communications with us, or to comply with applicable law.4. Fees and PaymentsFees:Access to our Site is Free. If you choose to purchase third-party products or services through our Service, the price of such products or services will be provided to you prior to completing your purchase.Billing and Payment Policy. All information that you provide to us, including your credit card information or payment account information, is subject to our Privacy Policy. We may use a third-party payment service to bill you through an online account for your payment or purchase of products or services.  By submitting your payment account information, you grant us the right to store and process your information with the third-party payment service and for us to store any identification token provided by the third party payment service; you agree that we will not be responsible for any failures of the third-party to adequately protect such information.  The processing of payments will be subject to the terms, conditions and privacy policies of such third-party payment service in addition to these Terms.  You further acknowledge that future payments may be processed on your behalf automatically per the terms of the product purchased.  You acknowledge that we may change the third-party payment service and move your information to other service providers that encrypt your information using secure socket layer technology (SSL) or other comparable security technology.Except as may be expressly set forth on our Site from time to time or as required by applicable law, we have no obligation to provide refunds or credits.5. Prohibited ConductWe reserve the right, without prior notice and in our sole discretion, to decide whether your use of our Services violates these Terms for any of the above or below reasons or for any other reason, and if we do so, we may terminate your access to our Services.You shall not, and shall not authorize or facilitate any attempt by another person to, use our Services to:Damage, disable, overburden, impair or interfere with any other party’s use of our Services.Obtain or attempt to obtain any materials or information through any means not intentionally made available through our Services.Use false or misleading information in connection with your user account or impersonate any other person living or dead (you acknowledge that we reserve the right to disable any user account with a profile that we reasonably believe is false or misleading, including a profile that impersonates a third party).Harass, threaten, stalk or intentionally embarrass or cause distress to another person or entity.Exploit children under 18 years of age.Invade the privacy of any person, including without limitation, posting personally identifying or otherwise private information about a person without their consent (or their parent’s consent in the case of a child under 13 years of age).Create a false identity or engage in fraudulent activities.Circumvent, remove or otherwise interfere with any security-related features of our Services, features that prevent copying or using any part of our Services, or features that enforce limitations on the use of our Services or Roc360’s content.Introduce viruses, worms, Trojan horses and/or harmful code to our Services.Use any robot, spider, site search/retrieval application or other automated device, process, or means to access, retrieve, scrape or index any portion of our Services or any content available through our Site.We reserve the right to consider other conduct to be prohibited; the restrictions above are intended to be illustrative only.6. Intellectual Property RightsYou agree and acknowledge that the structure, organization and code used in conjunction with our Services are proprietary to us.  You shall not, and shall not permit any person or entity to: (i) use our Services on a service bureau, time sharing or any similar basis, or for the benefit of any other person or entity; (ii) alter, enhance or make derivative works of our Services or any content available through the foregoing; or (iii) reverse engineer, reverse assemble or decompile, or otherwise attempt to derive, source code from our Services.  You shall not sell, transfer, publish, disclose, display or otherwise make available our Services including any modifications, enhancements, derivatives and other software and materials provided hereunder by us or copies thereof to others in violation of these Terms.Unless otherwise noted, all of Roc360’s content contained in our Services is the property of us and/or our affiliates or licensors and is protected from unauthorized copying and dissemination by United States copyright law, trademark law, international conventions and other intellectual property laws.All trademarks, service marks, trade names, logos, icons, and domain names, if any, are proprietary to Roc360 and/or our affiliates. Nothing contained on the Site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademarks, service marks, trade names, logos, icons, and domain names displayed on the Site without the written permission of Roc360. Your use of the trademarks, service marks, trade names, logos, icons, and domain names displayed on the Site, or any other content on the Site, except as provided herein, is strictly prohibited. Images displayed on the Site are either used with permission, or are the property of Roc360, and the use of these images by you or anyone else authorized by you is strictly prohibited.7. IndemnificationBy using our Services, you hereby agree to indemnify and hold harmless us and our officers, directors, managers, members, owners, employees and agents from any claims, damages, losses, liabilities and all costs and expenses of defense (collectively, “Claims”), including without limitation, attorneys’ fees, and any consequential, incidental, special, exemplary, punitive and enhanced damages, resulting directly or indirectly from or arising out of any breach of the Terms hereunder, or any negligent act, error or omission under the Terms hereunder or where such Claims are incurred by reason of any claims, actions, suits or governmental investigations or proceedings by a third party that arises in connection with (i) your posting of any content; (ii) your use of our Services; and/or (iii) any user or other third party’s use of any content that you post to our Services. At our option, you agree to defend us from any such Claims. The indemnity obligations hereunder shall survive the termination of these Terms or the delivery of any products or services provided in connection with the Services.8. Third Party SitesOur Services may contain links to third party sites, which are independent of us and not under our control. These links are provided to you as a convenience only, and we are not responsible for the content of any linked third-party site. In addition, a link to any third-party site does not imply that we endorse or accept any responsibility for the content or use of such site.9. DisclaimerUnder no circumstances will we be liable for any loss or damage caused by failure of our Services to operate as intended, your reliance on information from our Services, information provided by another user or by your use of our Services. It is your responsibility to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through our Services.Our Services and all content on or accessible from our Services are provided “as is” without warranty of any kind, either express or implied, including without limitation, implied warranties of merchantability, fitness for a particular purpose and non-infringement. Specifically, but without limitation, we do not warrant that: (i) the information available through our Services is free of errors; (ii) the functions or services provided by our Services will be uninterrupted, secure or free of errors; (iii) defects will be corrected; or (iv) that our servers or the server(s) that make our Services available are free of viruses or other harmful components.If you have any questions, please contact us by email at info@roc360.com.10. Limitation of LiabilityIn no event shall we be liable to you, any other user of our Services, third party providers or any other person or entity for any special, incidental, punitive, consequential, exemplary or other indirect damages (including, without limitation, damages for loss of profits, loss of data, loss of use or costs of obtaining substitute goods or services) arising out of the use, inability to use, unauthorized access to or use or misuse of our Services, your contact information, content or any information contained thereon, whether based upon warranty, contract, tort (including negligence), or otherwise, even if we have been advised of the possibility of such damages or losses.Our aggregate liability for all claims arising from these terms shall not exceed $10,000.00.Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the above limitations may not apply to you but shall instead apply to the maximum extent permitted by law.11. Release from LiabilityIn consideration for the Services, you release, on your own behalf and on behalf of each of your past, present and future beneficiaries, heirs, successors and assigns, to the fullest extent permitted by law, Roc360 and its past, present and future affiliates, its directors, managers, members, officers, members, employees, representatives, consultants, agents, successors, assigns, affiliates, suppliers and/or distributors from responsibility, liability, claims, demands and/or damages (whether actual, absolute, contingent, liquidated or unliquidated, punitive or consequential) of every kind and nature, known and unknown, arising out of or in any way connected with (i) disputes between or among users; (ii) third party sites, products and services, including without limitation, loan products and related loan documents; and (iii) claims relating to the unauthorized access to any data communications or content stored under or relating to your account, including unauthorized use or alteration of such communications or your content. You hereby waive applicability of California Civil Code §1542, and any similar statute or principle of common law. California Civil Code §1542 provides: “A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party..”12. California UsersIf you are a California resident, we are required to inform you that you may reach the Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs via mail at 1625 North Market Blvd., Suite N112, Sacramento, CA 95834 or telephone at (916) 445-1254 or (800) 952-5210. Hearing impaired users can reach the Complaint Assistance Unit at TDD (800) 326-2297.13. Void Where ProhibitedOur Services are intended only for users located in those states in the United States. Although our Services may be accessible in other geographic locations, the features, products or services discussed, referenced, provided or offered as part of the Services are only available to users in the United States. We reserve the right to limit, in our sole discretion, the provision and quantity of any feature, product or service to any person or geographic location. Any offer for any feature, product or service made available through our Services is void where prohibited by law.14. Modifying and Terminating Service; Changes to TermsWe may terminate your access to our Services, in our sole discretion, for any reason and at any time, upon electronic notice to you at your registered email address in accordance with applicable law; provided, however, that termination of access to our Services will not necessarily terminate or cancel a loan product you have received from, or procured through, us (or an affiliate) unless otherwise stipulated in our notice to you in conformance with applicable law. You agree that we are not liable to you or any third party for any termination of your access to our Services. We may change and update our Services from time to time. We may add or remove features, including without limitation, making free services into paid services and vice versa. You may terminate these Terms at any time by ceasing to use our Services. Termination of these Terms will have no effect on any loans or other related products or services you have received or purchased from, or procured through or in connection with, our Services.Accrued obligations and all provisions of these Terms that by their nature should survive will survive any termination of these Terms.These Terms may be modified, changed or revised at any time to reflect changes in the law or in Roc360’s business operations. Any changes will be effective immediately upon the posting of the revised Terms. Sometimes there may be material changes to these Terms that we want to apply retroactively. If so, we will notify you and obtain your consent to the extent required by applicable law.15. Unsolicited Ideas and Feedback.We welcome your feedback, ideas and suggestions (collectively, “Suggestions”). If you send us any Suggestions, you agree that (i) your Suggestion(s) become our property and you are not owed any compensation in exchange; (ii) none of the Suggestion(s) contain confidential or proprietary information of any third party; (iii) we may use or redistribute Suggestion(s) for any purpose and in any way; (iv) there is no obligation for us to review your Suggestion(s); and (v) we have no obligation to keep any Suggestions confidential.16. NoticeWe may provide you notice to the email address you provide to Roc360. Notice shall be deemed given 24 hours after email is sent. Alternatively, we may give you legal notice by mail to the address provided to us. You may give us notice to the address set forth on our Site as our address. In such case, notice shall be deemed given three (3) days after the date of mailing.17. Governing Law; Dispute ResolutionThese Terms, and any dispute between you and us, shall be governed by the laws of the State of New York without regard to principles of conflicts of law that would result in the application of the law of any other jurisdiction, except that the Federal Arbitration Act shall govern the interpretation and enforcement of the arbitration provisions set forth below. Unless you and we agree otherwise, in the event that this Section 17 is found not to apply to you or to a particular claim or dispute, either as a result of your decision to opt out of the Agreement to Arbitrate (as defined below) or as a result of a decision by the arbitrator or a court order, you agree that any claim or dispute that has arisen or may arise between you and us must be resolved exclusively by a state or federal court located in New York, New York, except that you or we are permitted (i) to bring small claims actions in state court in the county in which you reside if such court has a small claims procedure; (ii) to bring claims for injunctive relief in any court having jurisdiction over the parties; or (iii) to seek enforcement of a judgment in any court having jurisdiction over the parties. To the extent permitted by law, you and we agree to waive trial by jury in any court proceeding.18. Agreement to Arbitrate; Waiver of Class ActionExcept for disputes relating to your or our intellectual property (such as trademarks, trade dress, domain names, trade secrets, copyrights and patents) or for items (i)-(iii) set forth in Section 17 above, you agree that all disputes between you and us (whether or not such dispute involves a third party) arising out of or relating to these Terms, our Services and/or our Privacy Policy shall be finally resolved by arbitration conducted in the English language in New York, New York, U.S.A. under the Commercial Arbitration Rules of the American Arbitration Association (AAA) and you and we hereby expressly waive trial by jury. You and we shall appoint one arbitrator mutually agreed upon by you and us or, if you and we cannot agree within thirty (30) days of either party’s request for arbitration, such arbitrator shall be selected by the AAA upon the request of either party. 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Terms of Service, Version Updated, August 28, 2025. #### VALUATION ANALYST  Open Roles Valuation Analyst Location: New York City, NY, Remote Apply Now FIRM BACKGROUND Roc360 is a financial services and asset management platform for residential property investors in the United States. The company connects fragmented loan markets with institutional capital through a branchless network of third-party originators, brokers, and in-house sales teams to originate loans to property investors who buy, rehab, resell, and/or rent properties. The company originates and services multiple business-purpose loan products (“BPLs”), via various sales channels which, together with ancillary service offerings, provide an end-to-end experience that drives repeat customer transactions and profitability. The company’s loan products include residential transitional bridge loans (“RTLs”) (including single and multi-family properties) and Rental Loans (including single property rentals and rental portfolios).Founded in 2014, Roc360 is headquartered in NYC and has over 400 team members globally across three continents and five countries. Roc360 can originate loans in 45+ states and Washington, D.C. The company’s founders have worked together for over 20 years, and most of its senior management teams have also enjoyed a long tenure at the company. Through its proprietary technology-enabled Third-Party Originator and Direct-to-Borrower lending channels and strong brand recognition, the company has funded over $15bn in loans since its inception. POSITION Roc360 is seeking a skilled real estate professional with a solid background in the real estate lending industry to join our team as a Valuation Analyst. The ideal candidate will have a demonstrated history of success as a valuation analyst or appraisal review specialist, with the necessary expertise to support and contribute to our Valuations Team. As a Valuation Analyst, you will play a vital role in the success of Roc360’s Underwriting Team. This position offers the chance to be an integral part of a growing and dynamic company, collaborating with other real estate professionals to ensure accurate and reliable underwriting practices. RESPONSIBILITIES Assess as-is and as-repaired value of the collateral, taking into consideration regional market trends, the borrower’s rehab project, zoning, and comparable properties.Use appropriate valuation techniques and evaluate realistic exit strategies outlined by borrowers.Present both verbal and written analyses of the collateral and make recommendations to the underwriting team on complex valuation issues.Provide analytical support and work on special projects across all areas of the loan portfolio.Conduct specialized reviews on closed loans and repurchase requests, providing professional assessments of property values.Challenge and rebut third-party valuations when necessary.Research and verify subject properties and comparable data using online sources such as county records and MLS.Manage and coordinate communications with third-party valuation/appraisal service providers and auditors throughout the valuation process.  QUALIFICATIONS 7+ years of relevant experience in real estate valuation.Experience with determining values subject to repair completionAppraisal license or certification strongly preferredStrong problem-solving and analytical skillsStrong knowledge of valuation methodologiesExcellent written and verbal communication skillsStrong organizational and execution skillsHighly motivated with a strong work ethic and desire to work in a fast-paced and fluid environmentTeam-oriented and highly collaborative personality Apply Now #### Webcasts A ROC360 SPECIAL INTERVIEW SERIES: Residential Real Estate Welcome to Roc360’s Special Interview Series on Residential Real Estate Investment, where we invite leading experts to share their insights on important topics in the field of U.S. residential real estate. Upcoming Webcast: 18 Sept 2024 September 18, 2024 Special Guest: Jonathan Miller Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state, and federal courts. Read more and watch webcast Each episode will be hosted by members of Roc360’s executive leadership team: Eric Abramovich Mr. Abramovich is a co-founder of Roc360 and its Chief Revenue Officer. He has focused on scaling origination channels to deliver a best-in-class product and risk adjusted return for all. Mr. Abramovich's prior experience includes managing a quantitative equity long/short portfolio at Deutsche Bank and managing the Tokyo office for the team's trading strategy at Deutsche Bank. Brandon Dunn Mr. Dunn joined Roc360 in 2016. He oversees Roc360's green and sustainability initiatives. Mr. Dunn's prior experience includes Managing Director and Head of Structured Product Marketing at UBS and senior member of the fixed income sales and trading teams at JP Morgan, Deutsche Bank, Smith Barney and LF Rothschild.He received his B.S. in Economics from University of Pennsylvania–Wharton School and his J.D. from Georgetown University Law Center. Arvind Raghunathan, Ph.D. Mr. Raghunathan is a Founder at Roc360. Prior to this, Mr. Raghunathan was a Managing Director and head of Global Arbitrage at Deutsche Bank, and a member of the firm’s Global Markets Leadership Forum (GMLF). Before joining Deutsche Bank, he was head of a proprietary trading group at Credit Suisse First Boston (“Credit Suisse”), where he served from 1992 to 1995 and again from 1997 to 1999. Maksim Stavinsky Mr. Stavinsky is the Co-Founder and President of Roc360, overseeing Roc360's operations. Mr. Stavinsky also works closely with Roc360's advisory board to help set overall strategy and capital markets execution. Michael Bennett, CFA Michael Bennett is the Head of Corporate Development for Roc360, a leading financial service platform for residential real estate investors. In this role, his primary objective is to engage with strategic partners of the firm to enhance the growth of the company. Additionally, Michael leads the Company's efforts related to capital raising activities and corporate strategy. ### Resources #### Attainable Housing - Michael Bennett Attainable housing is the largest source of demand in the U.S. - but it’s also where the shortage is most severe. Michael Bennett, CFA, Head of Corporate Development at Roc360, breaks down how renovation and investor capital can help replenish America's disappearing starter homes.Video Transcript The attainable housing segment, which sits in between government-sponsored affordable housing programs, and what we commonly refer to as market rate housing is the single largest source of demand from the end user of America's housing stock. Greater than 60% of all buyer demand for housing comes for the attainable segment of the market. The product of it comes off of our so-called assembly line, the funds that we provide to real estate investors that acquire, renovate, and, and replenish America's housing stock. We see the most acute shortage happening in what is typically defined as workforce housing or the starter home. Because of the requirements for new construction, because of the costs related to taxes, material, labor, and otherwise, there has been a disappearance of that starter home from the new build category. And so the quickest way as we see it, to add new inventory of starter homes back to the market is through renovation and, and, and retrofitting preserve the existing housing stock that we have.

Each year in the US it's estimated that between half a percent and a full percent of the existing housing stock falls into some state of obsolescence, remedying that problem right to the natural industry of household renovations and investor property finance is a major solution to us for that availability problem. #### Attainable Housing - White Paper America’s housing crisis isn’t just a challenge — it’s one of the most actionable investment opportunities of our time. As millions of working families are priced out of the market, attainable housing has emerged as a resilient, high-demand, and undercapitalized asset class. This white paper reveals how investors can capture durable, risk-adjusted returns by financing the revitalization of America’s housing stock and partnering with local entrepreneurs — combining scale, social impact, and strong portfolio diversification.Key Takeaways A multifaceted housing crisis - A Structural, investable housing gap: The U.S. faces deep structural challenges across housing availability, affordability, and aging stock, resulting in 75% of households priced out of median new homeownership. Defining the attainable housing opportunity: Housing that serves median-income households without reliance on subsidies — a critical segment between affordable and market-rate housing — represents an overlooked and resilient investment category. Scalable opportunity in attainable housing: Middle-income, non-subsidized housing is structurally underbuilt yet essential, creating an overlooked asset class with compelling long-term demand fundamentals. Renovate, revive, and extend supply as a high-impact strategy: Renovation of America’s aging homes offers a faster, more sustainable, and scalable solution than new construction alone, unlocking $149 billion in unmet repair needs while preserving community fabric. #### Brand Spotlight: Finance of America Commercial We’re pleased to share a recent highlight from an event hosted by Finance of America Commercial, part of the Roc360 family, in Charlotte, NC. The team visited properties developed by some of our borrowers, who also joined us as guest panelists at our local networking event. They shared insights and success stories, making it a meaningful opportunity to connect and showcase the work being done in the Charlotte real estate market. #### Consolidation in the Fix and Flip Market: Roc360 Acquires FACo In March 2023, Roc360 expanded its leading residential real estate investment platform by acquiring Finance of America Commercial’s (FACo) fix and flip loan business. The move highlights Roc360’s expansion into the popular house flip lending niche. High yields and low default rates have made short-term, or residential transitional, loans a more popular investment option than Treasurys among Wall Street firms. One-year Treasurys yield about 4.6% on average, while fix and flip loans nearly double those yields–with an 8% average payout.  Profitable fix and flip ventures became more difficult to find in 2022, with homebuyers flocking to the market with historically low mortgage rates. Even with the increased competition, Roc360 and FACo lended nearly $4.7 billion combined to fix and flip investors in 2022–with Roc360 accounting for almost two-thirds of the total. Still, Roc360 Founder and CEO, Arvind Raghunathan, suspects lower deal volume throughout the remainder of the year. However, with rising interest rates deterring regular homebuyers, he believes better deals are on the horizon for investors in 2024–making the house-flipping finance business a favorable endeavor.  "The space is ripe for consolidation–We are definitely on the prowl for more deals,"  says Mr. Raghunathan.Finance of America, founded by Blackstone Group, went public in April 2021. After struggling as a public company for nearly two years, the decision was made to sell its flip-loan business. The sale–to be paid over the next three years and not to exceed $30 million–gives Finance of America further freedom to pivot into the reverse mortgage industry. As for Roc360, the leading investor-focused property platform, it will further its reach and resources into the profitable fix and flip marketplace.Read the WSJ article here: https://www.wsj.com/livecoverage/stock-market-news-today-03-14-2023-cpi-report-inflation-svb/card/fix-and-flip-lenders-are-consolidating-zUeNWDqfUKv8bTfUcKdp #### DSCR and RTL Market Discussion The DSCR and RTL markets continue to evolve amid shifting economic conditions and capital markets dynamics. In this conversation, Eric Abramovich, Co-Founder, and Shangzheng Chen, Managing Director & Portfolio Manager, share insights on market trends, borrower and asset evaluation, liquidity, and risk management — and what it all means for lenders and investors today.Video Transcript So what's going on with RTL these days? Housing continues to look very attractive for private credit investors relative to commercial real estate, which has its own challenges of cap rates relative to corporate credit. They continues to remain very strong demand for housing assets. People need a place to live. Rates have remained high and obviously affordability is an issue, but in a non QM space, that has opened up more credit to more borrowers, more credit to those that weren't able to access credit before. Correct. And DSCR happens to fall in that category. It's a business purpose loan that focuses primarily on the cash flows or the rental cash flows of those properties. Why do they mix DSCR loans with non QM loans and the same securitization? Or why do they mix it from the get go, it's a broadening of credit. How is that achieved? Is alternative forms of documentation that the borrower can have. It can be a bank statement loan, a debt service coverage ratio loan, it can be an asset-based mortgage? Borrower for A-D-S-C-R loan is generally a landlord or real estate investor, whereas a non QM loan is a consumer, for a borrower that is not meeting agency qualification, using those alternative forms of documentation like the bank statement loan. But those two are mixed together in one securitization because for investors, that collateral performs similarly. But you could still have investor properties in the form of a bank statement loan or investor properties in the form of other non QM loans that are not a DSCR loan. So for the product for that consumer DSCR loans, what makes them attractive is pretty similar to other products. It's mortgage-related, so there's always hard assets. It tends to be a little more defensive than some other products for investors. But I would say it performs well, it offers stable cash flows, it offers good yields. But in a fixed rate environment, there are also, for some investors, they prefer longer term fixed rate assets, if they're liability matched. So some of these insurance companies, especially life insurers, prefer longer term assets. A standard consumer or non QM mortgage today. Believing that most borrowers that have refinanced in the past year could potentially refinance in the next year or two is a little too high of a risk for them to take versus a loan that can potentially have a prepayment penalty for the first three to five years. I, I think one of the other main things that's happening with DSCR is that it used to be primarily in the business purpose lending space that's offering the product. It has now sort of jumped the fence over to the consumer mortgage world, where you have loan officers, you have consumer mortgage brokers that are now being trained on the DSCR product. It's a very different underwrite, a very different type of borrower. I think part of what's driving it is, uh, it can theoretically be a formulaic underwrite. You've got the cashflow of the property, valuation of the property, the borrower's credit and you make the Loan. It's perfectly fine if ultimately the values hold up and you know that to the extent that a loan goes bad, you can still recover your loan. Right. #### 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 By: E.B. Solomont For former Keller Williams agent Parish Pradhan, home flipping started as a side gig in 2014. That’s when he and a few buddies pooled their money to buy, rehab and flip a single-family home in Westchester County. At the time, no lender would take a risk on a first-time borrower. Four years and 17 deals later, Pradhan is still syndicating money from clients and friends to buy and sell homes in Westchester and Fairfield County, Conn. But now lenders are eagerly financing their deals, and some are even dropping rates to attract his business. “There’s so much money out there,” said Pradhan, who was an agent in Manhattan but recently dropped his license to flip houses full time. “These guys will do whatever it takes to do a transaction,” he said. And his experience is not unique. Home-flipping rates hit a six-year high during 2018’s first quarter, according to California-based ATTOM Data Solutions. New York City saw a 20 percent year-over-year increase, among the highest jump of any market with 1,000 or more flips during that time. In the last few years, home flipping has become the darling of Wall Street and Silicon Valley, as lenders flock to high-interest loans — in the eight to 12 percent range — that typically get repaid within 12 months. Manhattan-based Roc Capital is one of the fast-growing lenders, along with LendingHome, an online platform that securitizes “fix and flip” loans and sells them to investors. In addition to hard-money lenders, venture-backed startups like Opendoor and Offerpad —known as iBuyers because they allow buyers and sellers to transact online — have upended the industry. And in the past year, listings platform Zillow and discount brokerage Redfin have jumped on the home-flipping bandwagon. “The capital that’s being put into the market right now, I think these are all people willing to take the risk for the upside of a good opportunity,” said Clelia Peters, president of Warburg Realty and a co-founder of MetaProp, a real estate tech incubator that recently announced a $40 million venture fund. None of this has been lost on the brokerage industry, which is facing stiff competition for talent, deals — and profits. “Sometimes we see it as being adjacent to the brokerage industry,” said Peters. But, she said, in reality, iBuyers have disrupted the status quo. “If they are able to do this at scale and raise that capital at scale, it’s a direct threat to brokerage,” Peters said. “It’s a broker-free model.” Instant buyers The rise of investor home flipping emerged in the wake of the financial crisis. That’s when many realized there was an opportunity to acquire homes, improve them and rent them to individuals who no longer wanted to be homeowners (or could no longer afford to be). By 2012, that gave rise to companies such as American Homes 4 Rent (a real estate investment trust that went public in 2013) and Invitation Homes (a spin-off from private equity giant Blackstone Group). Between 2012 and 2016, Invitation Homes spent $10 billion to buy 50,000 single-family homes on the West Coast and in Florida. It took a disciplined approach, targeting modest three-bedroom houses and then investing $25,000 in each to renovate “from curb to kitchen.” Then in 2014 and 2015, tech investors jumped into the fray, recognizing that there was a lot of runway to improve the buying and selling process, which included paying brokers between 6 and 8 percent commissions and closing after 120 days or more. Various home-flipping startups soon launched websites that let them buy real estate directly from sellers on the spot — albeit at a discount. “Investors were immediately piqued. They realized tech platforms could offer a better consumer experience,” said the principal of a venture capital firm active in the space. Of course, experienced investors haven’t been the only ones rushing into the sector. CORE’s Elizabeth Kee, who frequently works with investors, said five or 10 years ago, home flipping was exclusively the domain of professionals, or at least investors with flipping experience.“Now,” she said, individual investors “aren’t doing this full time, but they want to throw their hat in the ring.”One of Kee’s clients — a contractor whose business partner works in financial technology — has flipped a half dozen New York City properties in the past few years. Those properties include a co-op in Queens (he paid $250,000 and sold for $489,000), an Upper East Side studio (paid $425,000; sold for $725,000) and a Tribeca condo (paid $1.5 million; sold for $2.4 million).The contractor is currently looking to sell an East Village mixed-use building that he bought for $1.4 million. He gutted the ground-floor retail and raised the rent on both the retail and residential unit; it’s now listed for $2.2 million.Pradhan focuses on entry-level properties in the $300,000 to $500,000 range to minimize his risk.Compared to being an agent, he said, “I prefer doing this. You’re in control of the transaction from start to finish.”For the most part, he holds properties for just a few months, including the four to six weeks it takes to renovate. Even in his least successful deal — where he had to hold the property for a year — he broke even. “Knock on wood, I haven’t taken any losses,” Pradhan said. The HGTV effect Five years ago, fix-and-flip loans were the domain of local and regional hard-money lenders.Although the marketplace is still highly fragmented, that’s changed as institutional lenders, hedge funds and other investors have seen the upside of home flipping, said Bill Green, CEO of LendingOne, a four-year-old company in Boca Raton, Fla.“The fix-and-flip business is institutional,” he said. “It’s an underwrite on real estate; but there is a consumer-credit component.”While the post-financial-crisis distress has subsided, the opportunity for home flipping is still massive because the U.S. housing stock is aging rapidly.According to Green — whose company has underwritten 2,000 loans to date and has been profitable for nearly two years — more than half the homes nationwide were constructed before 1980. North of 80 percent of homes were built before 2000.Meanwhile, the popularity of TV shows such as HGTV’s “Fixer Upper” and “Fix or Flop” has convinced a crop of new investors that they, too, can make a quick buck in the business. And these investors are finding a captive audience in end users who don’t want to spend time — or money —rehabbing homes themselves.“Mr. and Mrs. Homebuyer, they’re not as eager as they used to be to buy a home that needs a bunch of work,” said Steve Pollack, CEO of Anchor Loans, which has been a lender in the space for more than 20 years.Ray Sturm, CEO of AlphaFlow — a three-year-old company that builds portfolios of home-flipping loans for high-net-worth individuals, hedge funds and private officers — said that until now, the fix-and-flip universe was a “bit off the radar.”Sturm declined to disclose how much AlphaFlow has invested for clients, but he said the volume has tripled over the past year.“These loans are all 12 months or shorter,” and they typically wind down after seven months. For investors, that means they’re getting their money back quickly if they want it. “So, when you get a short duration and a great return, that’s attractive,” he said.In addition to Anchor Loans and LendingHome, some of the biggest players in the space include Civic and Genesis Capital — which was acquired by Goldman Sachs in 2017. (Genesis lent $1 billion in 2016.) “Wall Street continues to not only want to buy the loans, but invest in the equity side,” said Josh Stech, a founding partner of LendingHome, which has raised $166 million since launching in 2013.The influx of institutional money into home flipping has fueled growth among national players. “They’re running to do as much volume as possible,” said Sturm. Anchor’s loan volume rose 7 percent last year, while the number of loans it underwrote grew 25 percent. Pollack said the numbers reflect a strategy of tapping new — and sometimes less expensive —markets.Still, while the number of flips in New York City jumped 20 percent in the first quarter, other markets saw a drop. For example, Los Angeles and Miami saw the volume of flips fall by 3 percent and 16 percent, respectively.Across all markets, home prices either fueled or dampened the flipping market. The jump in New York came as prices also rose — giving investors the market conditions needed to make a profit. The median price during 2018’s second quarter citywide was $660,000 — up nearly 33 percent from $497,000 in 2012.“Flipping is back and it’s big,” said Caroline Nagy, deputy director for policy and research at the Center for NYC Neighborhoods, a nonprofit that promotes affordable housing.In a June report, CNYCN analyzed roughly 2,700 home sales that were affordable to families making $85,900 or less. Of them, 38 percent were flips, the nonprofit found.“One of the things we’re realizing,” Nagy said, “is that it’s not even people who are buying homes to live in. It’s investors.”Green fields galore Startups like Opendoor, Offerpad and Zillow have sent ripples through the industry.“They have fairly healthy balance sheets, so for every property they buy and finance themselves, it’s one less property a buyer or borrower of ours buys,” said Pollack.Their not-so-secret weapon is data.“We have access to sellers, we have data on buyers, we can reduce days on market because we can pre-market [properties] to a seller,” Zillow CEO Spencer Rascoff said during an April interview on CNBC. “So we have a lot of advantages here.”Home-flipping startups have raised more than $751.6 million since 2016, according to data and research firm PitchBook.Some of them include Knock, a New York-based home trade-in platform launched by former Trulia executives, which has raised $34.5 million since 2015.In May, Perch — which is based in New York but trades homes in Texas — closed a $30 million fundraising round. The year-old company, which gives houses a “certified pre-owned warranty,” is also working to automate the closing process, said CEO Court Cunningham.“We think we can get to a one-click close,” he said, describing the prospect of buying a house with the click of a mouse compared to trading and signing endless documents.Cunningham said debt investors like the fact that companies like Perch flip homes in weeks. “We are sitting on inventory that’s an appreciating asset that people will lend against for 10, 20, 30 years,” he said. “So, it’s an attractive investment from a debt perspective.” On the equity front, there are few other industries with so much untapped potential, he said. “The only other alternative is to do it the old-fashioned way,” he said. “There’s a lot of green field.”Opendoor, which uses an algorithm to buy and sell homes, is the giant in the space. The company is valued at around $2 billion after a $325 million fundraising effort this spring, which attracted such investors as General Atlantic LLC, Access Technology Ventures, Lennar Corp., 10100 Fund and Invitation Homes.That cash infusion will be used to expand to 50 markets from 10.“Our goal is to allow people to buy and sell real estate without any friction online,” CEO Eric Wu said at the time.Shortly after Opendoor’s financing, however, Zillow made waves by announcing it would expand its pilot “Instant Offers” program, in which buyers can request a cash offer from Zillow. (After a quick face-lift, Zillow aims to sell the property at a higher price.)“We think of it like Netflix moving into originals,” Rascoff said in the CNBC interview. He has since described the program as one that could become a “$1 billion profit opportunity annually” for the company. Meanwhile in May, Redfin said it would spend up to $25 million on home purchases, up from $10 million. But Redfin CEO Glenn Kelman has been more constrained than Rascoff.“I know everyone’s excited, because Zillow got into it over the past few weeks or months,” he said during a May earnings call. “I am excited about it too, but that is a capital-intensive business.”He said at some point, the market will turn and the cost of capital will be higher. “The fact that capital is so cheap right now has brought plenty of us into this business, but we’re just cognizant of what happens on the other side of that.”Nonetheless, investors say new home-flipping startups are not exposed to real estate volatility. “The time they’re holding the property is pretty short; they’re not exposed,” said a principal of one VC firm, who was not permitted to speak on record. For example, Opendoor’s model works in almost any market because the company can use data to adjust its risk. (If analysts project a housing shock, for example, Opendoor would increase the discount it offers to sellers. In ebullient markets, it could invest more in renovations, or vice versa.)“These businesses are so consumer focused,” said the investor. “We don’t often give them enough credit for that.” #### Founder series: Up, up, and away! The rise and rise of Manhattan real estate Last week's media reports of a buying "frenzy" taking in Manhattan real estate and driving prices to dizzying records had the industry abuzz. But what should we read into these developments? What are the long term implications for buyers, real estate investors, and for the industry as a whole? We asked our Founder and CEO, Arvind Raghunathan, for his thoughts. Here’s what he had to say. What’s causing Manhattan real estate prices to skyrocket?  Real estate prices rose everywhere during the pandemic as people realized that working from home meant they needed more space. However, Manhattan prices lagged the national trend to some extent.  This was because of a couple of reasons: (1) people realized that working from home meant they didn't need to live in an expensive city, and (2) high-rises have less space, and you need to share facilities like elevators and parking. Additionally during the pandemic, factors like crime and safety also induced some people to reconsider buying or leave cities altogether.  Now that the pandemic seems to be receding (at least in most parts of the U.S.) and life is slowly returning to pre-pandemic normalcy, Manhattan real estate is roaring back. It is interesting that people are putting aside their concerns and buying up luxury properties, so they can enjoy the pleasures of city life. I think people are also buying because they are worried that prices will rise a lot higher than what they are seeing now, as the economy bounces back from the weakness caused by Covid-19. How will this help or hurt our businesses? We don't lend much in the borough of Manhattan. However, healthy real estate markets are good for us. What aspects of this trend do you want to keep a watch on, say over the next 6 months? We're getting reports that there is a slowdown in New York's suburbs, just as Manhattan is picking up. Since we lend extensively in the suburbs, we definitely need to watch this trend carefully. As a New Yorker yourself, are you worried about any societal implications of rising prices in Manhattan? Could this change the character of the city? New York is resilient. New York will always recover. So many naysayers have prematurely mourned the impending death of the city. They did the same after other crises like 9/11. We all know what happened then, and expect the same thing to happen again. The trends we are seeing seem to be less about gentrification or people being priced out, and more about people who have had a "Covid windfall" investing in very high end real estate. The sky is definitely the limit (both literally and figuratively) for Manhattan penthouses!We’d love to hear your thoughts on Manhattan real estate. DM us on Twitter, or comment on our Facebook or LinkedIn pages!  #### Founders Series: Residential Real Estate Economics Research and Insights by Arvind Raghunathan  Infrastructure As a nation, the United States has been discussing the rebuilding of the country’s infrastructure for over a decade. It has been a major part of campaign promises for both parties’ candidates in every election cycle. Anyone who travels abroad marvels at the modern airports in the Middle East, the highways of Europe and the clean energy infrastructure in the Far East. According to Citi research, our country’s infrastructure is underbuilt both on the “heavy” side (the American Society of Civil Engineers issues US infrastructure a “D+” grade ) and the “light” side (housing starts averaged 0.7 mm in 2010-19, well below the historical avg. of ~1.5mm) according to census info  and The National Association of Home Builders.  Last year, this theme started getting its due, with two infrastructure-minded presidential candidates and housing construction beginning to return to historical levels. Covid temporarily threw a wrench in the works, but the theme only strengthened due to an enormous number of secular tailwinds – low interest rates, likely for several years, enormous amount of fiscal spending, “work from home” gaining traction, the rush to buy or rent second homes, the need to create jobs in the construction industry, to name a few. Residential Real Estate Construction We expect residential real estate construction to strengthen on all fronts, based on a multi-year US housing recovery, fueled by the above tailwinds. Major Wall Street research houses are united in this optimistic view. (Our data comes from several sources, including Citi Research and Morgan Stanley Research). While existing home sales will likely be above 5mm in 2021, we expect over 1 mm new home starts in 2021, a healthy  increase over 2010-2019.  Our 2021 forecast would represent the highest level of starts in 11 years; with single family expected to dominate (+11% Y/Y). Leading indicators show activity remains strong at various stages of the home buying process, from online searches to showings to mortgage applications.  While there is some recent choppiness around rate expectations, we ultimately do not see a path to a rapid increase in rates in the next three years. Further, a market now accustomed to lower terminal rates, and a very gradual pace of hikes, ultimately gives the Fed more flexibility in unwinding some of the extraordinary accommodation currently in place as there is less risk of a true “taper tantrum.” While rates tend to be the major factor in residential construction, the increasing “work from home” phenomenon, combined with the boom in people seeking second homes means more business for home enlargement and improvement, increased existing home sales, likely more single-family rentals, and increased “Fix and Flip” activity. Some Supply Estimates (Based on Citi Research) Based on Citi Research, in terms of housing starts, we expect single family to dominate (+11% Y/Y in ’21) while multi-family declines -10% Y/Y. The recovery of housing starts will continue into 2022 (est. 1.5mm), as inventories remain tight in an undersupplied market. Among other key assumptions, household density will tick down to around 2.08 adults per household in 2021, with population growth driving ~1.3mm new households, 85% of which are expected to be owner occupied (in-line with recent years). New single-family home sales will grow +13.3% Y/Y in ’21 while owner-built homes will remain flat (total single-family starts +11.1. Multifamily starts will decline -10.3% in ’21, leading to the forecast for total starts growth of +5.1% in ‘21. The Demand The demand response that followed from Covid was almost the exact  opposite of the industry’s experience in 2008, with lockdowns pulling forward demand and low rates boosting affordability. Some reasons: 1) Underbuilt housing stock which preceded the pandemic (housing inventories remain at historic lows following a decade of under-building; 2) Millennial demographic shift (higher than average birth rates during the ’45-’60 period as well as the ’85-’95 period are now translating into Millennials entering the market for the first time and Boomers retiring and potentially downsizing); 3) De-urbanization that began before the pandemic (Covid has accelerated de-urbanization and Sun Belt migration though the trend can be traced at least back to the 2017 Tax Cuts & Jobs Act, which capped SALT deductions); 4) Most importantly, low rates, which are here to stay for some time. This info comes from the following sources: Bloomberg, Investopedia, and The Hill. The Indicators Several leading indicators show that activity remains strong at various stages of the home buying process, from online searches to real estate showings to mortgage applications. The Mortgage Bankers Association’s (MBA) seasonally adjusted purchase index was up double digits Y/Y for the 32nd consecutive week (week ended 1/1/2021), although on a sequential basis, the index has seen some choppiness since the start of June. Consistent with the recovery in mortgage applications, real estate viewings continue to accelerate. Following 5 years of overbuilding heading into the 2008-09 downturn, the industry underbuilt for 13 consecutive years coming out of “the Great Recession.” Supply/demand remains favorable with supply of existing homes near all-time lows. Furthering favorable supply/demand characteristics, many potential sellers of existing homes took their properties off the market due to Covid fears. This has advantaged home sales with virtual tours & online design offerings. The combination of rebounding home demand and persistent underbuilding has led to the supply of resale single-family home inventories (on both a months’ supply and absolute basis) hitting record lows. We also have not seen the Covid-driven economic slowdown significantly impact housing demand, as high unemployment & tighter lending standards are disproportionately impacting lower income consumers that were not in the housing market to begin with. Single Family Rentals (SFR) The single-family rental (SFR) market is having its moment. While other asset classes like retail and office have stumbled during the coronavirus pandemic, the SFR market has thrived, thanks to ultra-low interest rates and occupancy in rentals remaining steady compared to pre-Covid. Inventory has been tight and demand has been tighter. A recent study by Mynd found that Milwaukee, Memphis and Detroit are expected to attract a lot of activity for SFR investors in 2021 as home appreciation in those cities jumped between 2019 to 2020. Other cities like Houston and Charlotte, N.C., have remained attractive. This marks the first time that the SFR market — which cropped up in the wake of the housing crisis roughly 12 years ago — faced a downturn and its performance disproved those who questioned its long-term viability. It has this just proved to be a very resilient asset class. We expect the strength to continue for the next several years. Construction Materials Construction material prices have been on an upswing. Lumber prices, for instance, have tripled since the March 2020 low, and are at the highest levels of all time. Copper has almost doubled since the March 2020 lows and is at the highest levels in five years. Lumber, Copper, and other materials are showing some weakness early in 2021. One should largely look past this inevitable demand air pocket in 1H ’21 as project delays and cancellations continue. As a 2H ’21 recovery materializes and the Biden administration proposes infrastructure stimulus, we expect construction materials to go higher. In general, “heavy” construction materials will outperform “light” materials” more linked to rehab projects, as these have already been in demand right through 2020. This information is via: Transportation Today News and Investopedia. Conclusion All indicators of supply and demand show a bullish picture for homebuilding, home rehab and renting (SFR) and selling activities. There are secular trends that support this view, trends likely to last for several years. This should support prices of not only residences, but also infrastructure activities and construction materials, especially “heavy” materials used in large projects.NOTE: The experts at Bankrate recently compiled a list of the five states with the strongest housing economies during the coronavirus based on home appreciation, job growth, cost of living and taxes. It breaks down the financial incentives and projections of these desirable markets and compares them to the alternatively slower housing markets in the country. Check out the article here: https://www.bankrate.com/mortgages/mortgage-rates/#housing-heat-index #### From Summer Intern to Full-Time Analyst - Tejas Gupta Take a look back at the journey of one of our newest analysts, Tejas Gupta, who joined us as a summer intern last year on our Corporate Development team. He shares his experience entering the industry, the skills he gained, and how the training and mentorship he received will help shape his career and lead to his full-time role with us today. Video Transcript My name is Taj Gupta. I'm a summer intern at Roc360, working on the asset management and securitization team. This summer has been an incredible learning experience. I was able to work closely with senior leaders and see firsthand how deals are structured, monitored, and executed. The team here places tremendous value on accuracy, discipline, and thoughtful analysis, which has helped me build strong fundamentals in credit and real estate finance. From day one, I felt supported and challenged. I was encouraged to ask questions, contribute ideas, and take ownership of projects. It’s rare to find a place where interns are given meaningful responsibilities and trust — and Roc360 delivers on that in every way. One of the things that stood out to me most was the culture. People here work hard and move fast, but they also genuinely care about each other and take pride in what they do. I also had the opportunity to attend internal meetings, team discussions, and company events, which helped me understand how the different functions across the business come together. The exposure, mentorship, and hands-on experience have been invaluable, and I’m truly grateful for the opportunity. If you're someone who's passionate about finance, real estate, and capital markets — and you're willing to put in the work — Roc360 is an amazing place for interns. See you later. #### From Young Immigrant Engineer to Founder/CEO of Roc360: Arvind Raghunathan’s Inspiring Journey One Saturday night in 1984, a twenty-year old Indian engineer disembarked at San Francisco International Airport from a journey originating in Madras (now Chennai), meeting a friend attending the University of California at  Berkeley. A Grateful Dead concert had just ended, and Dead Heads were everywhere on Berkeley’s Telegraph Avenue. For the young man from India, Berkeley’s counter culture was a complete shock. Having come to UC Berkeley to study mathematics, the young man now wondered what he had gotten himself into. But the bigger surprise came when his friend drove them to his office at UC Berkeley and proceeded to start working -- on a Saturday night! The young Indian engineer soon realized that this was the real culture of Berkeley, the dedication, hard work, and passion for excellence that makes it one of the great universities of the world. These were values that he grew to embrace himself. They have shaped his professional career ever since. Nearly 37 years later, in March 2021, Arvind Raghunathan, the Founder and CEO of Roc360, reflected on his “long, strange trip,” in a one-on-one conversation with Prof. Shafi Goldwasser, Director, Simons Institute at UC Berkeley, and Turing Award winner. The audience, comprising mostly of undergraduates from Berkeley’s Sutardja Center for Entrepreneurship & Technology, employees of Roc360, and Arvind’s friends and mentors, were treated to Arvind’s inspiring career journey from a young immigrant engineer to the Founder/CEO of Roc360. Watch Arvind share his stories of moving from Berkeley to Manhattan, from UC Berkeley professor to one of the most successful traders on Wall Street, and the big learning moments in  his career journey. https://www.youtube.com/watch?v=33gKnE5v2h4If you’d like to go directly to the themes in Arvind’s interview that are most relevant to you, choose from the following:Introduction (0:00)How did it all happen? (0:30)When you came to Berkeley, did you know what you wanted to do? (1:53)From Berkeley to New York (2:21)To Wall Street (via Liar’s Poker!) (3:09)Wall Street culture: then and now (4:38)Finding your calling and your passion (5:43)Why go out on your own in 2009? (6:40)The lean years, learning from failure, and finding support from those who believe in you (7:53)Creating a supportive culture and respecting diversity (10:51)Hire great people; nurture and motivate them (11:56)Roc360: bringing technology and quantitative methods to real estate (12:36)Arvind’s message to younger people (14:53)What role has your family played in your career? (16:21)If you could go back in time, what advice would you give your twenty year old self? (18:50)Looking back, could you or would you have taken any other career path? (19:45)What responsibility does the finance industry have in battling climate change? (19:55)If you were graduating today, would you still choose a career in fintech? (21:37)Final thoughts: “Without Berkeley I wouldn’t be the person I am” (23:09)Watch the full video here (1 hour, 20 minutes) Many thanks to UC Berkeley for organizing Arvind’s session with the undergraduates of the Sutardja Center for Entrepreneurship & Technology, and for making the video recording available to us. #### Happy Holidays from Roc360 Happy holidays to our clients, partners, and the entire Roc360 team! Thank you for your unwavering support and dedication – it means the world to us. We look forward to even greater success together in the year ahead! #### Here’s the next office development coming to Chelsea REEC is planning a 100K-sf project on Tenth Avenue By: Kevin Sun Real Estate Equities Corporation, an under-the-radar Midtown-based property investment firm, is building a 10-story office building near the southern end of the High Line. The roughly 100,000-square foot building will include retail space on the ground floor, according to documents filed with the Department of Buildings on Wednesday. REEC did not immediately respond to a request for comment. REEC acquired the leasehold for the property, which consists of adjacent lots at 118 and 124 Tenth Avenue, for $21 million in January last year. The developers secured a $10 million leasehold mortgage from Roc Capital for the acquisition, which was extended with a $3.25 million gap mortgage in October. REEC also acquired the leasehold for a St. Marks Place assemblage last year, with plans to develop an retail-and-office building there as well. The adjacent Chelsea lots, currently occupied by Mediterranean restaurant and bar The Park, are owned by Benny Barmapov of Staten Island, according to city records. Chelsea and the Meatpacking District have seen a number of recent office plays. Google purchased the Chelsea Market building for $2.4 billion earlier this year, and L&L Holding Company and Normandy Real Estate Partners paid $880 million for Terminal Stores. The partners — who are also in talks to bring Allianz into the deal — are planning to create a retail strip on the site and convert the 500,000 square feet of storage space into offices. They’re estimating that the penthouse office could rent out at up to $135 per square foot. Originally Published in The Real Deal     #### Hottest US Home Real Estate Markets for 2021: Where People Are Going, and Why The residential real estate market is finally beginning to normalize, or perhaps finding a new normal is a better way to understand it. Some interesting new real estate markets top the “hottest housing” lists, and a look under the hood reveals some intriguing trends driving home buying as a whole.Here are some of the hottest residential real estate markets in America for the first half of 2021, along with a brief look at why they're thriving. Want to Get Away? Many buyers are embracing the opportunity to relocate to cities more commonly known as vacation destinations:Coeur d'Alene, ID – The median home sales price is up 47% to $476,900 in March, with extremely tight supply and competitive bidding for limited listings.Billings, MT – The average sale price in the first three months of 2021 jumped to $322,537, an increase of $31,000 over the average 2020 sale price.Santa Cruz-Watsonville, CA – In a market where homes have a lofty median listing price of $1.2 million, they are moving on average a month faster than typical for the broader US market.What's causing the shift to these communities? In the wake of the pandemic, people want to be closer to the outdoors and away from crowds.. There's also a wave of earners cashing out of the rat race early to more fully enjoy their active years, or working remotely. Some want a second home that can be listed on Airbnb when they're at their primary residence. Close, but Not too Close Home buyers are looking to move away from big cities, into smaller satellite communities that offer a compromise between urban and rural living:Springfield, OH – Within an hour's reach of Dayton and Columbus, the median home price of $144,900 is substantially more affordable than in those citiesConcord, NH – Located about an hour north of Boston, the median home price of $362,450 is almost half that of the Boston metro area.The pandemic is also motivating the run-up in these real estate markets. Some families are eager to get away from cities that seem too big, crowded, and dangerous. Others are simply eager to take advantage of lower prices, while still being within reach of familiar urban comforts. The COVID-driven shift to remote working across a spectrum of industries is making relocation possible. Littlest Big Cities Some outlying cities are proving attractive to buyers, despite being smaller and relatively remote compared to other urban locales:Reno, NV – The median sale price for March was $515,000, which is a double-digit month-over-month spike and an all time high.Spokane, WA – An influx of buyers from West Coast states has caused the median home price to jump nearly 20%, and inventory is tightening.The primary driver here: affordability. These cities still have abundant, affordable housing: buyers who've been locked out of other markets are finding these cities a reasonable alternative. These cities also feature established urban amenities and diverse employment markets. Roc360 is an innovation leader Want to learn more about opportunities created by proptech and insurtech innovations? Check out roc360.com and let's start a conversation about ways your investment activities and portfolio can benefit by anticipating the innovation curve. Check out our platform at https://www.roc360.com and reach out at info@roc360.com   #### House IQ: A Standalone AI Company Emerges from Roc360's Expertise Roc360 is thrilled to announce the formation of House IQ, a separate AI company with its own board and management, focused on building cutting-edge, data-driven digital products to empower homeowners and investors. House IQ is a strategic initiative born from Roc360's deep expertise and leadership in AI. Arvind Raghunathan, PhD, Founder of Roc360, will lead House IQ as CEO, and Takamitsu Tanaka, PhD, will serve as Chief Data and AI Officer, maintaining a dual appointment as Managing Director and Head of Data & AI at Roc360.This new venture allows Roc360 to further expand its influence and innovation in the real estate sector through a dedicated entity, House IQ, which will build upon Roc360's AI leadership and expertise. More exciting updates to come! #### How Roc360 Is Confronting Today’s Three-Fold Housing Crisis At Roc360, we know the housing market is facing a three-fold crisis—availability, affordability, and age of housing stock. Our team is committed to financing projects that address these challenges head-on, creating attainable housing and supporting the revitalization of homes and communities across the country. Watch as voices from across Roc360 share how we’re working with investors and small businesses to help close the gap.Video Transcript As a country, we are facing a threefold crisis when it comes to our housing market. Availability, affordability, and age. There is just a lack of turnkey hold for people to move into. Decades of under building, especially post the 2008 
financial crisis has led to a massive supply demand imbalance in the US housing stock. Affordability is still out of reach for most families. Prices and rents have surged outpacing incomes. First time home buyers are locked out and renters are spending an unsustainable amount of their income on housing costs. America's housing stock also has an aging problem. North of 50% of America's housing stock is older than 50 years old, and most major metropolitan or city centers. We're not seeing major improvements from a housing stock standpoint of age. We are living in yesterday's homes. While today's families need modern, safe, and sustainable housing. Affordable housing is not a low income issue any longer. It is now a middle class crisis. We view attainable housing as that which sits between government sponsored housing and full priced market rate homes. Think of it as your first home. It's a place that's livable and financially within reach for middle income households. It improves affordability in that it targets a middle income buyer base that doesn't qualify for subsidies, but yet can't afford market rate or above market rate housing, and reducing reliance on outdated, deteriorating, and obsolescent housing, Modernizes housing stock. Our capital will help investors touch up and refresh old properties and take that housing stock and make it newer. These homes do not require government subsidies, but they're not luxury homes either. This Is truly the missing middle of America's housing stock that represents the largest portion of end user demand in the country. #### How Wall Street, Silicon Valley institutionalized home flipping Once a local business, home flipping is now a national FinTech operation Lending to a home flipper used to be a quaint transaction. It could be as simple as an aspiring flipper meeting with a local big-wig with money to burn at a country club, having a chat over whiskey, and leaving with a loan to finance the next house flip. Although bigger markets had more formal operations, home flipping was generally a fractured, market-specific business. But since the housing bust 10 years ago, firms from Silicon Valley and Wall Street have nationalized and institutionalized the “fix-and-flip” loan market by leveraging big data and technology. The transformation has attracted the type of big banks, Wall Street players, and venture capitalists that had traditionally shied away from making investments in home flipping, turning the once hyper-local business into a global FinTech industry. “We thought it was a unique opportunity to institutionalize this asset class [home flips],” said Roc Capital cofounder Eric Abramovich. His firm lends to intermediaries that then lend to thousands of home flippers. “Our background is in [quantitative] trading, and we are now using a similar data-driven perspective to real estate lending and thus bringing this product to large institutional investors. This is what makes it interesting for us.” As the housing market has gone from recovering to roaring over the last five years, home flipping has also increased. Both investors and flippers have gained confidence that home prices will keep climbing long enough for them to execute a flip, which usually involves rehabilitating the house as well—hence the term “fix and flip” loans. According to data provided by ATTOM Data Solutions, a real estate data provider, some 138,410 flippers invested $56 billion in home flipping in 2017, 34.8 percent of which was financed as opposed to executed in all cash. Prior to the housing bust, the same type of easy credit that infected the traditional mortgage market was also present in home flipping. At the peak of the housing bubble in 2005, more than $100 billion worth of homes were flipped by 287,929 investors, and 66 percent of those home flips were financed with loans. Fannie Mae, the government-sponsored mortgage facilitator, doesn’t allow an investor to finance more than 10 properties at a time. Because banks and traditional lenders prefer to sell their mortgages to Fannie Mae or Freddie Mac after originating them, they typically shy away from writing home flip loans. This rule has led the more aggressive home flippers to seek financing outside of traditional channels, such as Roc Capital, LendingHome, LendingOne, and Anchor Loans. Fix-and-flip loans are usually 12 to 18 months in duration, and generally come with higher interest rates than traditional 30-year mortgages. They can have rates as high as 15 percent, compared to the current mortgage rate of around 4.4 percent. “What some of the institutional capital really likes is, they’re charging higher interest rates, but it’s a short window,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “They’re getting their money back much earlier, and then they can redeploy it [into another investment].” Along with Roc Capital, LendingHome was among the fastest growing home-flip lenders in 2017. It uses an online platform that allows home flippers to apply for a loan by answering a brief questionnaire, and the company can close on the loan in a matter of days; traditional lenders typically take much longer. (LendingHome also offers traditional mortgage services.)The flip side of the platform is that it allows individual accredited investors, or individuals who either make $200,000 per year or have a net worth of more than $1 million, to invest in individual pieces of those loans. The company also manages funds comprised of fix-and-flip loans that larger institutions such as banks or hedge funds invest in. Investments in the funds can be as much as $40 million.Dozens of other companies tried and failed to enter the space in recent years. Companies such as Anchor Loans, LendingOne, and even traditional banks or hard-money lenders have similar offerings. In what may be the clearest sign yet that traditional banks are ready to get into home flipping, Genesis Capital, an offline fix-and-flip lender, was acquired by Goldman Sachs in 2017.Fix-and-flip loans have also been securitized into bonds, similar to the way Freddie Mac and Fannie Mae bundle mortgages into bonds called mortgage-backed securities, which are sold to investors. LendingHome issued $53 million in fix-and-flip-backed securities in 2016. Angel Oak Capital, which is affiliated with a number of separate Angel Oak real estate lenders, including a fix-and-flip lender called Angel Oak Prime Bridge, issued $90 million in securities in March backed by fix-and-flip loans issued by its Prime Bridge affiliate.If these online platforms using data to connect home flippers with investors sound familiar, it’s because new companies formed in the wake of the housing bust have applied similar FinTech concepts to virtually every stage of real estate transactions.Opendoor and OfferPad, dubbed “iBuyers,” use online platforms and data analysis to buy houses from people looking to move, and the automation and algorithmic pricing allow the companies to close on deals in days. A similar company, Knock, uses an online platform to buy customers’ next homes and, after they move in, sells their previous homes.The effects of institutional capital turning home flipping into a financial product is open for debate. Affordable housing advocates say home flipping puts upward pressure on rents and home prices, thus contributing to affordability concerns that have arisen as housing markets across the country recover from the housing bust a decade ago.Research from these economists goes so far as suggesting that the home flipping frenzy was responsible for that crash. It showed that the rise in mortgage debt was driven by investors and speculators with good credit, and when defaults started to rise, those investors and speculators simply let their investment property go into default, leading to the collapse.  Home flippers, on the other hand, would argue that in the process of the flip, the rehabilitation of the home—which can include anything from installing a new roof to updating the appliances—helps keep an aging housing stock fresh, making it a better investment for the eventual owner-occupants. “Millennials simply aren’t going to buy something old and rundown and fix it up,” said LendingHome CEO Matt Humphrey. “This network is what keeps the housing market fresh. We are financing loans with a fair price, and to borrowers that will exit their homes often to first-time homebuyers who, in turn, won’t have to pay as high a price for their home because the lending was fair. This cycle makes communities stay revitalized. If the loans are done right, this is net-net good for communities nationwide. That’s the fundamental difference to how we do it, compared to the country club style.”Author: Jeff Andrews, Curbed Magazine Originally Published www.curbed.com #### Inside the Room: Roc360’s Key Takeaways from the Morningstar DBRS Housing Finance Event On June 11, 2025, Morningstar DBRS, in partnership with Katten Muchin Rosenman LLP, hosted a panel discussion at Katten’s New York offices spotlighting Home Equity Investments (HEIs) and Residential Transition Loans (RTLs) - two fast-growing segments of the residential credit sector. The event explored the structural features that distinguish HEIs and RTLs, key considerations for investors, and how broader U.S. housing trends are shaping the future of these asset classes. The event featured industry leaders from major banks, rating agencies, originators and investment managers in a wide ranging conversation regarding the current state of the US housing market, the role that capital markets play in providing efficient financing and innovative solutions geared toward providing differentiated investment opportunities in US single family housing. 1. At a national level, US housing remains undersupplied by millions of units due to a reduction in new home construction and the lowest amount of existing home sales since the Great Financial Crisis. 2. The shortage of homes, combined with investor appetite for higher spreads and attractive risk-adjusted returns, continues to fuel interest in alternative residential credit strategies. 3. Housing starts, indicating the number of new homes for which construction has begun in a given period, continue to lag the demand for housing due. Lenders, banks, and rating agencies are working together to develop solutions to create more financing opportunities for homebuilders. 4. The maturation of the RTL industry, including the advent of rated securitizations, has increased the overall universe of investors and further stabilized the industry’s access to capital. 5. At the same time, the RTL market remains highly fragmented, necessitating proper due diligence from investors with a focus on originator experience, borrower track records and conservative loan terms and structures. For additional insights from the panel, read takeaways from Morningstar DBRS here. #### Lenders Line Up for Mid-Sized Loans A high amount of available capital is giving buyers the upper hand in the financing game, particularly in the case of middle-sized acquisitions. As the cycle reaches its last innings, however, it will take more effort and finesse to stay on top of things.By: Alexandra Pacurar Going into 2019, many investors expressed more caution, with fewer planning to increase their purchasing activity. The hesitation was mostly due to trade tensions and interest rate volatility and not because of capital constraints. In fact, the amount of liquidity and diversity of debt providers has kept 2019 transaction volumes on par with what we’ve seen last year. So why did debt offerings multiply over the past couple of years? It seems it was all about implementing business strategies for diversification and efficiency in the face of an economic slowdown, as companies providing large loans “decided to do more mid-range loans to diversify and make their portfolios more granular,” said Michael Riccio, CBRE senior managing director of debt and structured finance, capital markets, while smaller lenders “wanted to ‘upsize’ their average loan size to be more efficient from a staffing and workload perspective.” WHAT’S ON THE MENU?Gerard Sansosti, executive managing director of JLL Capital Markets, believes that financing is trickiest in tertiary markets. Image courtesy of JLL Multifamily and industrial remain the easiest to finance. The former dominates from a transactions volume standpoint, while the latter is most attractive. “Most investors want to increase their industrial/distribution allocations, as that sector is the most desirable based on our surveys,” Riccio added. Properties in these segments have also seen higher increases in valuations compared to other asset types, which has led to more interest from both short-term and long-term investors. Despite increased competition, lenders have not lowered their standards just to close a deal. Borrowers still need to make sure that they meet “the right combination of property quality, market liquidity and sponsor experience,” said Ranajoy Sarkar, chief product officer at Roc Capital. However, some debt providers have shown more flexibility and created borrower-friendly products to score the right transactions. “In addition to low rates, bridge lenders are offering concessions to borrowers on a number of fronts, the most common being reduced fees and easier prepayment options. Other borrower-friendly structures, such as 5-year ‘mini-perm’ loans with rate step-downs or longer bridge loan terms (3+1+1 years), are also becoming more commonplace,” he added. Technology and data have pushed investment to a level that has made financing acquisitions easier by scooping safer bets. This means that borrowers have more resources when putting together a business plan that includes obtaining an acquisition loan. “We are focusing on new data sets to unearth opportunities in uncrowded markets where we can make direct investments that expand our portfolio to include a diverse range of investments,” Fred Scott, principal at investment and asset management firm Advalurem Group, told CPE. RETURN OF THE CLOS When it comes to capital sources, the spectrum of offerings hasn’t changed in recent years, but the market share of each financing product type has definitely shifted. “Nothing really new this year, other than more lenders and investors in this debt fund space. As everyone knows, the debt fund space has become overcrowded and this has caused easing of loan covenants. CMBS has also become a competitive option as on-book lenders have instituted interest rate floors,” said Riccio. Debt funds have also been powered by a significant amount of capital from South Korea, China and Japan, which “added to the overall liquidity of the sector through a combination of factors, including lower borrowing costs, higher leverage and expanded credit criteria,” Sarkar said. The offering is complemented by insurance companies, balance sheet and CLO bridge lenders, as well as local and regional banks. In fact, commercial real estate CLOs are on track for a post-crisis record year for issuances. “As yield compression continues in domestic fixed-income asset spreads, the effect has been magnified in mortgage and structured credit sectors, where the investable universe is a fraction of its size at the peak of the previous cycle. This has led to new institutional capital entering the market for CRE CLO debt backed by mid-balance bridge loans and has driven all-in term debt costs to under 1.5 percent over one-month LIBOR for some CRE CLO issuers,” explained Sarkar. If the trend continues, the lending environment will remain favorable to borrowers. BUMPS IN THE ROADAlthough more competitive and aggressive now than ever before in this cycle, lenders still keep in mind the effects of the last downturn. “Lenders are avoiding certain subsectors and submarkets with various reasons being cited. While it’s early, we’re monitoring these market and sector gaps for potential investment opportunities,” said Scott. The location and strength of a particular market—broadly defined as primary, secondary or tertiary—are limiting some lenders’ activity. The specific type or property and the nature of the borrower’s business plan are other factors that determine the complexity and the success of the lending process for short- or medium-term bridge debt for transitional properties. Balancing these variables with the borrower’s expectations is another challenge. “What makes this even more challenging is the speed of execution borrowers require and expect in a competitive market. Full-cycle timelines for underwriting and closing a deal in the mid-balance market can be as short as four weeks and typically in the six- to eight-week range for loans on the higher end of the spectrum,” said Sarkar. For borrowers, it’s important to “know thy lender,” as Gary Bechtel, president of mid-balance CRE lender Money 360, put it, and work with one “that truly has the ability to close the loan, which is highly critical in purchase transactions with generally short fuses, or that will be there in the future for draws for rehabilitation or tenant improvements on properties not yet stabilized.” WHAT TO EXPECT FROM 2020 Investment plans are built by looking at the bigger picture, which means that political factors also weigh in heavily. With 2020 being an election year, “most lenders are ‘cautiously optimistic,’” Shahin Yazdi, principal at George Smith Partners, mentioned. Looking forward, market researchers unanimously name the U.S.-China trade war as a potential major disruptor in the medium and long term, albeit the impact so far has been minimal. The second threat would be the economic slowdown. “The rising uncertainty has crept into the labor market as employment gains since midyear 2019 have decelerated from their average pace over the last 12 months. Additionally, even the strongest facet of the U.S. economy, the consumer, is losing confidence, and sentiment is slowly eroding,” CBRE Global Investors’ Americas Watch for October shows. While the amount of available capital is not expected to shrink next year, the number of transactions is anticipated to decrease. “The market for mid-size debt is arguably less deep and liquid relative to its larger counterpart, which further increases the risk of a market dislocation. Borrowers should be mindful of the prospect of a freeze in funding markets when seeking debt for mid-size acquisitions in 2020,” Sarkar concluded. Top executives are generally confident that the market will continue on the current path, with “an excellent supply of capital at very competitive rates,” as Bechtel said, through 2022. At the same time, George Smith Partners’ Yazdi believes that even more lenders will enter the industry and that spreads will stabilize as rates continue to drop. Original Publication: www.cpexecutive.com or digital magazine. #### Local Growth, Attainable Housing - Maksim Stavinsky Roc360 Co-Founder and CEO, Maksim Stavinsky, shares our commitment to lending to small businesses and investors who acquire, renovate, and resell homes in their local communities. By enabling these projects, we help create attainable housing, support neighborhood revitalization, and ensure mutual success for our partners and our organization.Video TranscriptWe only lend to businesses,but those businesses are very small businesses oftentimesrun by one or a handful of individuals,and they are individualswho live in those local communities.They acquire these propertiesand at the end of that project, it is profitable for them.So we serve as another sanity checkthat if we don't think they'll make money,we're not going to make loans.We provide a vital function in, in making surethat every loan that we do is set up for borrower success,and the borrower is supposed to make money on that loan. #### PAA Chats with Arvind Raghunathan of Roc360 The Philanthropy Asia Alliance (PAA), a Temasek Trust initiative to drive collaborative philanthropy, is an action-oriented Alliance with the mission to prime Asia as a force for good. PAA’s flagship platform for action is the annual Philanthropy Asia Summit (PAS). #### PacWest Sells Real-Estate Lending Unit The Wall Street Journal covered Roc360’s latest acquisition of Civic Financial Services. 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. “We view this as an opportunity to acquire prized brands and assets being sold at a discount due to the current market dislocation,” Maksim Stavinsky said. “It is also an opportunity to continue to consolidate a highly fragmented space, which should help pricing power.” Read the full story here: WSJ Article #### Real estate tech companies will be tested in 2019 Over the last five years, a wave of real estate technology companies, or proptech, have sought to merge technology and big data to upend a housing industry that’s remained antiquated for decades. Financial technology companies, or fintech, have also jumped into the space. The list of new entrants is seemingly endless and yet still growing. With the housing market flourishing in recent years, proptech and fintech companies have risen along with it, gaining national attention and staggering valuations. But the housing market is seemingly entering a new chapter. Home sales are lagging, the pace of home price appreciation is slowing, and inventory that’s been stubbornly low across the country has seen spikes in certain markets, particularly on the West Coast. Can these companies still thrive if the housing market goes from a seller’s market to a neutral or buyer’s market?Obviously these changes would effect each company differently, but here’s a taste of the companies Curbed covered in 2018. So-called “iBuyers” like Opendoor and Offerpad offer an algorithmically determined price to motivated home sellers who for whatever reason need to move as soon as possible and don’t want the hassle of the conventional home-selling process. These startups then flip the house on the open market. They claim the vast majority of their revenue comes from a transaction fee, not from price appreciation between the period when they buy the house and flip it. If that’s true, they’ll be more vulnerable to the home sales volume slowing than home prices leveling off. Knock, a startup with a similar model, offers the inverse; the company buys a customer’s new home so they can move right away, and then they let the sale of the old home occur on the open market. The recently launched startup Ribbon also buys homes on behalf of customers, providing all-cash offers so a buyer can compete with other all-cash offers on a level playing field.Three-year-old startup REX leverages big data to serve ads to people who may be in the beginning stages of looking to buy or sell a home as a way of cutting in line ahead of traditional brokerages. These companies also rely on a transaction fee. Lenders like LendingHome and Roc Capital took home flipping from Main Street to Wall Street by funneling institutional capital into home flips across the nation. Amherst Residential launched a platform called Bungalo that buys, renovates, and flips homes to the first bidder, not the highest bidder.And finally, mortgage lender CMG Financial launched a cash-back program called UpIt that helps prospective homebuyers raise money for a down payment while they shop. This compliments the company’s down payment crowdfunding platform HomeFundIt. Set up around addressing the pain points in buying or selling a home, none of these companies appears to have a perfect or comprehensive solution to what is generally a long and arduous transaction. With the housing market potentially shifting in 2019, these business models will be tested, and it may be a risky time for new competitors to launch. #### Report: House flipping lucrative in two Pennsylvania metro areas By Dave Fidlin | The Center Square Homebuyers snapping up residential properties and subsequently selling them in short order were able to more than double what they initially paid in two areas of Pennsylvania, according to a recent report. Researchers with ATTOM Data Solutions, a company specializing in property and real estate records, stated home flippers in the metropolitan statistical areas within Pittsburgh and Scranton were able to sell homes at greater price points in the third quarter of 2019. The information is included in ATTOM’s recently released report on home flipping trends across the U.S. Home flippers historically have bought and quickly resold homes for a profit, typically after making a series of repairs or improvements to raise the property’s value. Between July and September, homebuyers who flipped homes and condos in the Pittsburgh area saw overall margins of 132.6 percent, while homebuyers in the Scranton area experienced overall margins of 122.5 percent. The high flipping yields in the Pittsburgh and Scranton areas bucked a national trend, according to ATTOM researchers, where profit margins in most areas of the country were on the downswing. The two Pennsylvania metropolitan areas were among eight across the U.S. where home flippers experienced returns on investment of 100 percent or more during the same statistical period. Pittsburgh and Scranton also topped the list. Other areas of the country with high yields, close behind the two Pennsylvania areas, included Flint, Mich., at 111.2 percent; Cleveland, at 109.8 percent; and Hickory-Lenoir-Morgantown, N.C., at 109.7 percent. In a separate report from the same statistical period, ATTOM researchers also revealed the Pittsburgh area had some of the largest amounts of all-cash purchases for home flipping. In metro areas with populations of 1 million or more, Pittsburgh ranked third for all-cash purchases, according to the report, clocking in at 77.2 percent. The metropolitan area with the greatest preponderance of all-cash purchases was Cleveland-Elyria, Ohio, at 79.2 percent, followed by the Detroit-Warren-Dearborn MSA, at 78.9 percent. On the whole, 56,566 single-family homes and condos were flipped across the U.S. in the third quarter of 2019, according to ATTOM’s analysis. The figure represented a 12.9 percent decrease from the previous quarter and a 6.8 percent decrease from the third quarter of 2018. In a statement, Todd Teta, chief product officer at ATTOM Data Solutions, said the home flipping declines point to narrowing profits across many areas of the country. “The retreat back to more normal levels of sales comes amid broader market forces that are making it harder and harder for investors to complete the kinds of deals they were getting as recently as last year,” Teta said. In the ATTOM report, Maksim Stavinsky, co-founder and chief operating officer of Roc Capital, said homebuyers in a number of areas of the country have opted to hang on to renovated properties and rent them, rather than sell them at a loss in the current marketplace. “We have been seeing a decline in projected and realized profits for borrowers on projects, despite the fact that borrower financing costs have been meaningfully coming down,” Stavinsky said in the report. #### Roc 360 Ranked Number No. 302 Fastest-Growing Company in North America on the 2022 Deloitte Technology Fast 500™ Attributes 483% Revenue Growth to its Partner-led Ecosystem Model 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.  Arvind Raghunathan, Ph.D., Founder and Chief Executive Officer, credits the company’s success on its ability to source loans by leveraging a partner-led ecosystem comprised of commercial brokers, TPOs, a direct-to borrower subsidiary and an expansive network of private lenders for whom the company acts as the nation’s leading, white-labeled capital provider.   “We would like to thank our entire network of channel partners for this amazing achievement, “ said Raghunathan. “Our vast network of partner clients serves a vital role in connecting private institutional capital with residential real estate borrowers across the U.S. Now more than ever, our team of dedicated professionals remain steadfast in our commitment to improving the residential real estate investment ecosystem, as well as providing our TPOs, private lenders and commercial mortgage brokers with a reliable source of capital, technology and marketing support required to create long-term growth through all market cycles.” About the 2022 Deloitte Technology Fast 500™ Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America. About Roc360 Roc360 is an industry leading, vertically-integrated digital financial services platform and lender facilitating a broad range of residential real estate loans for professional investors. Founded in 2014, Roc360 employs over 250 people and has funded in excess of $8 billion in loans. The company is headquartered in New York City, with offices on four continents. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. #### Roc 360 Recognized on the 2023 Deloitte Technology Fast 500™ for Second Consecutive Year New York, NY [November 8, 2023] — 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 has been recognized on the Deloitte Technology Fast 500™ for a second year in a row. Roc360 ranked as one of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Arvind Raghunathan, Ph.D., Founder and Chief Executive Officer, credits the company’s success on its vast network of partners who serve a vital role in connecting private institutional capital with residential real estate borrowers across the U.S. “This achievement would not be possible without the support of our partner-led ecosystem comprised of commercial brokers, TPOs, direct-to-borrower subsidiaries and an expansive network of private lenders for whom the company acts as the nation’s leading, white-labeled capital provider,” said Raghunathan.   “Now more than ever, we remain steadfast in our mission of delivering capital, technology and operational support solutions to our entire partner network who make it easier for residential real estate investors to renovate, own or invest at scale through all market cycles.” About the 2022 Deloitte Technology Fast 500™ Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America. About Roc360Roc360 is an industry leading, vertically-integrated digital financial services platform and lender facilitating a broad range of residential real estate loans for professional investors. Founded in 2014, Roc360 employs over 250 people and has funded in excess of $10 billion in loans. The company is headquartered in New York City, with offices on four continents.To learn more, go to www.roc360.com. About DeloitteDeloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. #### Roc Capital Forms Holding Company and Rebrands to Roc360 NEW YORK--(BUSINESS WIRE)--Roc Capital, the New York-based leading capital provider for private lenders serving small and middle-market real estate developers, today announced the formation of Roc360, a holding company for the suite of products and services it will provide to its clients. The new name communicates the firm's offerings as a full life cycle platform for real estate investors and accompanies the broadening of Roc360’s suite of products and services. These include lending (this business will continue to operate under the Roc Capital brand), property insurance, title insurance, and benefits offered by Roc360's unique corporate partnerships. Roc360 will bring convenience, efficiency and personalization to its private lenders, borrowers, investors and existing client base. "Forming Roc360 is an integral step in the evolution of our brand," said Arvind Raghunathan, PhD, CEO and Co-Founder of Roc360. "While we still offer our bread-and-butter short-term, transitional and perm lending solutions, Roc360 more clearly encompasses the full scope of Roc's services and mission⁠—providing real estate investors and developers everything they need for the full life cycle of a real estate transaction.” In 2014, Roc Capital entered the market as one of the initial firms to inject capital into dislocated residential markets by way of funding private lenders. Through its Roc Capital subsidiary, Roc has successfully lent more than $2 billion to real estate investors and developers, serving short-term bridge and long-term perm loans ranging from $75,000 to in excess of $20 million in non-owner-occupied residential and commercial real estate. Bringing liquidity was just the first step, however; through its insurance subsidiary, ElmSure, close to $750 million of insurance has been bound in builder’s risk and other coverages insuring real estate interests. More than 80 percent of Roc Capital borrowers, a growing number of lenders and independent developers are using ElmSure given the convenience, efficiency, and risk coverage for their assets offered through the highly trusted Berkshire Hathaway Group of Insurance carriers. In 2009, Raghunathan, along with his partners Maksim Stavinsky, Chief Operating Officer, and Eric Abramovich, Chief Credit Officer, spun out from Deutsche Bank in the largest hedge fund launch of that year post financial crisis, primarily focused on quantitative equities trading and statistical arbitrage. In 2014, Roc360 raised its inaugural Secured Lending Income Fund, which today has grown to an impressive 150-lender platform. The 100-percent employee-owned Roc360 has a stacked team of about 100 employees and personnel. Roc360’s management team is comprised of highly successful executives with proven track records and decades of experience on Wall Street. About Roc360: Roc360 is an industry leading lender and platform catering to small and middle-market real estate. Founded in 2014, the now rebranded Roc360 has become one of the country's most vertically integrated financial services platforms, with services including Roc Capital lending, ElmSure property insurance, Wimba title insurance and its affinity partnerships. Roc360’s management team is comprised of highly successful executives with proven track records and decades of experience on Wall Street. As former quant traders deeply versed in data, the firm’s present-day capabilities only scratch the surface of what the executive suite is equipped to execute on in the future. #### 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)The fast-growing Roc Capital Holdings has funded more than $1.3 billion in loans since being launched and is fulfilling its mission of automating the entire life cycle of a loan with some help from ATTOM’s Data-as-a-Service (DaaS) platform. As a financial services lender targeting small and medium loans – defined as loans under $25 million, the New York-based Roc Capital leadership team has worked together for over two decades both on Wall Street and in more entrepreneurial settings. Their experience ranges from running quantitative strategies inside bulge bracket banks and independently as a hedge fund, to building out the teams, technology, processes and safeguards with institutional-level quality. “The original attraction of the secured real estate lending strategy when we started the business some 5 or 6 years ago was the ability to get relatively high yielding assets that we understood secured by a first lien mortgage or deed of trust and a personal guarantee of the individual(s) behind the project, in what was effectively a zero interest rate environment” said Roc COO, Maksim Stavinsky. Roc Capital began to fund and service loans and built technology, processes and people to be able to do so relatively cheaply and efficiently while providing good customer service to the underlying borrowers and the lending partners who may have brought the deal to Roc. Roc’s edge while running quantitative strategies was converting qualitative data into quantitative signals, and this core competency became particularly useful in its current business. Automating tasks that warrant automation while being laser focused on keeping underwriting standards high and ultimately keeping the underwriting decisions a human decision aided by technology became Roc Capital’s vision. Roc Capital had been leveraging ATTOM’s property data for some time, but when the newly launched Data-as-Service platform became available, it was a natural move to implement DaaS to improve the integrity and access the data directly. Roc Capital views DaaS as a valued delivery mechanism fueling Roc’s lending engines with recorder, assignment, foreclosure and tax data from ATTOM.Property data from ATTOM helps fuel many aspects of Roc Capital’s business including risk management and monitoring, loan origination, geographic targeting and preliminary title pulls to get a better understanding of loans as soon as they’re submitted. Another plus is that unlike other delivery solutions Roc Capital has used, DaaS provides them with daily live updates of the data. “These almost real time updates allow us to gain access to relevant information much faster, which improves the efficacy of our data science initiatives,” Stavinsky noted adding, “In general, we want data as soon as possible.” Roc Capital already sees how their conversion from flat files to DaaS streamlines their business by providing a constant stream of regularly updated data without the manual work required by flat file ingestion and data management. “The greatest benefit is definitely the real time data feed,” according to Stavinsky. While reconciling and integrating the DaaS platform with the firm’s currently existing database, coupled with replicating the data structures they’ve built over time to suit their needs takes a bit of work, Roc Capital sees the long-term benefit. Roc Capital considers itself “data hungry” and explained that the firm’s leadership had been dealing with data for 20 years prior to entering the real estate space. Stavinsky said they had been converting qualitative data into quantitative signals. “So many of those skills are quite relevant for us today.” The firm is also leveraging machine learning and applied analytics in all their data science ventures, using ML algorithms to assist with loan origination, property assessment, risk management, valuation and more. When it comes to working with ATTOM, Stavinsky said, “We have enjoyed our relationship with ATTOM and receive prompt attention to any questions or requests that we have. I think data is the future and ATTOM recognizes that.” Author: Richard Lombardi, ATTOM Data Originally published at www.attomdata.com #### 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").The externally managed mortgage REIT will invest in business purpose loans for residential real estate investment properties principally originated by Roc360.Since its founding, Roc360’s core focus has been to connect the highly fragmented business of residential investment property lending with institutional capital through an “originate-to-sell” business model. The formation of the Roc360 REIT establishes Roc360’s presence as an asset manager, which will enable the Company to further diversify its base of committed capital to enhance the certainty of capital for its borrowers.“As demand for our assets has increased, we view the Roc360 REIT as an opportunity to secure more funding for our customers by diversifying our range of capital sources,” said Arvind Raghunathan, Ph.D., Roc360 Founder and Chief Executive Officer. “We are honored to partner with Temasek on this important endeavor, which will have a beneficial impact on our customers’ ability to scale their businesses in combating the shortage of affordable, energy efficient homes in this country.”The partnership between Roc360 and Temasek highlights the continued interest in US residential real estate from the international investor community.“This year, we have taken a number of steps to grow our origination capabilities both organically and via acquisitions. As such, we view the Roc360 REIT as a natural extension of our platform, which binds best-in-class origination capabilities and diverse, committed and scalable capital through technology and data which provides our borrowers certainty of execution and a streamlined process. We are excited to provide an alternate funding model for this segment of the industry outside of whole loan purchases and securitization markets,” said Maksim Stavinsky, Co-Founder and President of Roc360.In addition to the REIT, Roc360 will maintain and expand its existing loan purchase programs and asset management solutions to accommodate its growing origination footprint.Deutsche Bank Securities Inc. served as sole structuring agent for this transaction.About Roc360Roc360 is a leading financial services platform for residential real estate investors, providing vertically integrated solutions, including lending, servicing, insurance, and valuation. Founded in 2014 by Arvind Raghunathan, Maksim Stavinsky and Eric Abramovich, Roc360 employs over 300 people and its wholesale and retail brands have funded in excess of $25 billion in loans throughout the United States since inception. The company is headquartered in New York City with offices on three continents.Prior to Roc360, the company’s founding partners and its leadership team had extensive experience in founding and/or serving in senior capacities in asset and risk management roles at a range of global financial institutions. For Roc360 Media Relations: pr@roc360.comFor more information about Roc360, please visit www.roc360.com About TemasekTemasek is a global investment company with a net portfolio value of S$382 billion (US$287 billion) as of March 31, 2023.Our Purpose “So Every Generation Prospers” guides us to make a difference for today’s and future generations. As an active investor, forward looking institution and trusted steward, we are committed to deliver sustainable value over the long term. Temasek has overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively. Headquartered in Singapore, we have 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and London, Brussels, Paris, New York, San Francisco, Washington DC, and Mexico City outside Asia. For more information on Temasek, please visit www.temasek.com.sg #### Roc360 Announces Latest Residential Transitional Loan Securitization, Rated by DBRS Morningstar "We are thrilled to bring a second securitization to the market as we continue to grow our business, catering to the needs of real estate investors," said Andrew Whelan, President at Roc360 REIT. "This transaction not only underscores our commitment to providing resilient financing options but also reflects our platform's data-driven approach to optimizing credit performance."The securitization, totaling $237.5 million in mortgage-backed notes, was rated by DBRS Morningstar. As a revolving securitization, the transaction allows for the addition of new loans, supporting the continued growth of Roc360's loan portfolio.Read full press release here #### Roc360 Announces the Closing of its Inaugural Residential Bridge Loan Securitization We have some news to share this morning. The following release crossed Business Wire today, October 20, 2021 at 12:16 PM Eastern Daylight Time.NEW YORK--(BUSINESS WIRE)--Roc Capital Holdings LLC (“Roc360”) a vertically integrated digital platform for residential real estate and a leading originator of investor loans nationwide, is pleased to announce the closing of its inaugural syndicated revolving securitization of residential transitional loans. Roc360 sources its loans using a multichannel approach both through its network of private lenders for whom the company acts as the nation’s leading white-labeled capital provider, seamlessly providing its clients capital, technology, and leads, and through its data science driven direct to borrower subsidiary Haus Lending. Roc360 acted as sponsor and through its various wholly-owned subsidiaries, underwrote, originated, and table funded all of the initial mortgage loans included in the transaction. The Roc Mortgage Trust-2021-RTL1 securitization was structured with total offered notes of approximately $200.790 million across two classes of senior notes and one class of mezzanine notes. None of the offered notes will be rated by any rating agency.The securitization represents interest in a pool of performing, fixed-rate, interest-only, first lien mortgage loans to real estate investors, with eligible collateral encompassing transitional one-to-four-family residential, multifamily and mixed-use properties. The deal enjoyed strong demand and was oversubscribed with broad institutional participation, backed by strong origination capacity and the credit performance of the more than $4 billion in loans originated by Roc360 since 2014.Nomura Securities International, Inc. acted as sole lead structuring agent of the transaction. Morgan Stanley & Co. LLC served as joint bookrunner and co-lead manager on the transaction.This is the first securitization from Roc360, a data science driven PropTech lender headed by founder and Chief Executive Officer Arvind Raghunathan, PhD. and co-founded by Maksim Stavinsky, Chief Operating Officer, and Eric Abramovich, Chief Credit Officer. Roc360’s advisory board is led by Deven Sharma, Ph.D., formerly President of Standard & Poor’s.The securitization features a two-year revolving period during which principal collections on the underlying mortgage loans can be used to purchase additional loans and fund rehabilitation draws. Credit enhancement for the transaction includes subordination of the notes, overcollateralization and excess spread.The transaction represents the second committed capital facility that Roc360 has raised in as many months. About Roc360 Roc360 is an industry leading, vertically-integrated digital financial services platform and lender facilitating a broad range of residential real estate loans for professional investors. Founded in 2014, Roc360 employs over 250 people and has funded in excess of $4 billion in loans. The company is headquartered in New York City, with offices on four continents.For more information, contact Media Relations, at pr@roc360.com #### Roc360 Brand Spotlight: CIVIC Financial Services Gregg Kennedy, Managing Director and Head of Sales at CIVIC Financial Services, shares his approach to successfully funding loans for borrowers and brokers. By building strong relationships, aligning goals, and maintaining clear communication, Gregg fosters trust and long-term partnerships. He prioritizes exceptional customer service through consistent follow-ups and setting clear expectations, ensuring a seamless process from submission to funding—and beyond.Video Transcript We look to vet the borrower.We want to see their experience, their background, and what they’ve done in the past.We want to make sure they're putting in a proper amount of equity and that they have a clear exit strategy.We're looking at the market, we're looking at the neighborhood, we're looking at the asset class.Every deal is unique, and every borrower’s situation can be different, so it’s important to understand their goals and approach.We stay in constant contact with them throughout the process to make sure everything is moving smoothly and that expectations stay aligned.At the end of the day, communication and transparency are key — that's what makes a better relationship. #### Roc360 Brand Spotlight: Roc Capital Jon Kelly, Vice President and Relationship Manager at Roc Capital, emphasizes the company's focus on transparency, technology, and customer advocacy. With over 350 professionals, Roc handles much of the process in-house, from appraisals to underwriting. As a dedicated partner to brokers and lenders, Jon plays a key role in guiding transactions to successful closings. He emphasizes Roc’s investment in infrastructure, automation, and dedication to equipping clients with the tools and support needed to scale their businesses effectively.Video Transcript Hi, I am John Kelly,a Vice President and Relationship Manager here at Roc360.My role is to support borrowers, brokers, and capital partners throughout the entire lending process.I work closely with our internal teams to ensure that transactions move smoothly, that expectations are clear, and that our clients feel supported from origination through closing.We pride ourselves on being responsive, efficient, and reliable — qualities that matter tremendously in real estate investment lending.Whether someone is financing a rental property, a renovation project, or a portfolio strategy, our goal is to help them move with confidence and certainty.Roc360 brings together technology, lending expertise, deep credit discipline, and capital markets strength — and that combination really sets us apart.It allows us to execute consistently and support clients in different market cycles.We’re not just a lender — we’re a long-term partner for real estate entrepreneurs.Our integrated platform allows us to control the whole process frombeginning to end. #### Roc360 Closes $200M Residential Bridge Loan Securitization, Rated by DBRS Morningstar Roc Capital Holdings LLC (“Roc360”), a vertically integrated platform for residential real estate and a leading nationwide originator of investor loans, today announced the closing of a $200 million rated securitization of residential transitional loans (“RTLs”), Roc Mortgage Trust 2025-RTL1.“The securitization, structured as a syndicated revolving securitization, received strong demand and was oversubscribed, attracting broad institutional participation,” said Andrew Whelan, President of Roc360 REIT.Read full press release here #### Roc360 Closes Inaugural $150 Million Insurance Dedicated Fund Focused on Residential Credit Assets 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 #### Roc360 Expands its Leading Portfolio of Brands with Acquisition of Finance of America Commercial Through Asset Sale 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 closed on the previously announced transaction for Finance of America Commercial (“FACo”) assets. Under the terms of the transaction, Finance of America Companies Inc.  (NYSE:FOA) has sold the operational assets of its FACo division, which specializes in residential real estate investment loans, to Roc360.  Excluded from the sale are previously originated loans and the residual in the ANTLR securitization shelf.  Roc360 will refresh the brand with a new logo and run it under a new subsidiary using its trusted brand name, Finance of America Commercial, which will join Roc360’s growing portfolio of leading real estate brands, including Roc Capital, Haus Lending, Elmsure Insurance, Wimba Title, and Tamarisk Appraisals. FACo traces its initial roots back over a decade to its predecessor companies B2R Finance, Dwell Finance and Jordan Capital Finance, early players in the national private lending space offering fix and flip and landlord DSCR loans to real estate investors.  Since its inception, FACo has funded in excess of $6 billion to over 9,000 individual guarantors across over 25,000 closed loans through its borrower-direct and broker channels. The FACo acquisition adds additional capacity to Roc360’s existing origination footprint within its retail and wholesale channels and the data acquired will further contribute to Roc360’s data science efforts.  In 2022, the two companies collectively funded in excess of $4.6 billion in business purpose loans.  “Roc360 is committed to delivering innovative products and services that help rejuvenate and deliver new and like-new energy efficient homes to America’s undersupplied housing stock.  The acquisition further broadens our reach and ability to make a difference.  We will continue to pursue growth opportunities, including acquisitions, that expand our ability to provide solutions to real estate investors,” said Arvind Raghunathan, Ph.D., Founder and Chief Executive Officer, Roc360 family of companies. Wells Fargo Securities, LLC, acted as financial advisor to Roc360. About Roc360 Roc360 is a leading financial services platform for residential real estate investors, providing vertically integrated solutions, including lending, servicing, insurance and valuation.  Founded in 2014, Roc360 employs over 300 people and has funded in excess of $14 billion in loans through its lending subsidiaries.  The company is headquartered in New York City with offices on three continents. In 2022, Roc360 joined 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.  Contacts For Roc360 Media Relations: pr@Roc360.com For more information about Roc360, please visit www.roc360.com #### Roc360 Founders on Growth, Innovation, & Impact in Real Estate Finance Growth, innovation, and an unwavering focus define Roc360's journey. In an industry shaped by change, reliability and integrity are more critical than ever. We continue to strengthen our foundation, expand our impact, and build with purpose as we move forward.Video Transcript The housing industries as an asset class, one of the largest, if not the largest asset classes in the world, it, it's an exciting space to be in. Ultimately, what we are here for is the most efficient way of getting capital into the hands of the people who are responsibly using it. The team is approaching 400 people strong globally. It is a large team, but it is a highly focused, dedicated team. When someone hears the brand Roc360, I want them to think of reliability, integrity, solid as a rock. We have built fantastic technology, fantastic data, and I'm very excited about where we're going. #### 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). Under the terms of the transaction, CIVIC, one of the leading institutional private lenders in the United States specializing in originating residential business-purpose loans, sold its origination assets to Roc360.  Excluded from the sale are previously originated, loans and loan servicing operations.  Roc360 will use the storied and trusted brand name CIVIC, which will join Roc360’s growing portfolio of leading real estate brands, including Roc Capital, Finance of America Commercial¹, ElmSure, Wimba Title, and Tamarisk Appraisals.CIVIC was founded in 2014 to serve investors who did not fit within the traditional real estate lending criteria.  Since its inception, CIVIC has funded in excess of $9.4 billion through its borrower-direct, broker, and correspondent channels.The CIVIC asset acquisition materially strengthens Roc360’s existing national origination footprint, specifically in CIVIC’s home state of California, the largest market for business-purpose loans to real estate investors.  In 2022, Roc360 affiliates and CIVIC collectively funded in excess of $7.6 billion in business-purpose loans.“In the face of market difficulties, we continue to expand and develop more products and services for real estate investors.  We believe that America’s housing stock is severely undersupplied, with more than 50% of homes in deferred maintenance, lacking the modern-day energy efficiencies that our clients install with each loan they take from us.  We will continue to prudently expand and invest for long-term solutions to these structural problems,” said Arvind Raghunathan, Ph.D., Founder and Chief Executive Officer, Roc360 family of companies.Piper Sandler and Company served as financial advisor to PacWest Bancorp in the transaction.About Roc360Roc360 is a leading financial services platform for residential real estate investors, providing vertically integrated solutions, including lending, servicing, insurance, and valuation.  Founded in 2014 by Arvind Raghunathan, Maksim Stavinsky and Eric Abramovich, Roc360 employs over 300 people and has funded nearly $25 billion in loans throughout the United States through its lending affiliates.  The company is headquartered in New York City with offices on three continents.Earlier in 2023, Roc360 acquired the operational assets of Financial of America Commercial in a similar transaction.ContactsFor Roc360 Media Relations: pr@roc360.comFor more information about Roc360, please visit www.roc360.com1Under License #### Roc360 Inaugural Conference Recap Earlier this year, we hosted the inaugural Roc360 Conference, bringing together our senior leaders, advisory board members, and key business partners to focus on growth strategies. The sessions featured insights from industry leaders who have successfully scaled their businesses, while our leadership team emphasized Roc360’s approach to balancing expansion with profitability. We remain committed to pursuing new opportunities while maintaining a solid operational foundation. A key takeaway from the event was that growth is not immediate—it requires consistent effort, refining strategies, and disciplined execution to achieve long-term success. Given the success of this conference, we are excited to build on the momentum and look forward to our next event!Video Transcript AllRight. Welcomeeveryone. So this is the,uh, the rock 360 coffee chat series.We’re excited to have everyone joinand hear directly from leadership and team membersacross different parts of the organization.We’ll talk about what we're building,our strategy, where the market is heading,and how Roc360 is positioning itselffor continued growth.We'll also cover some frequently asked questions,career opportunities, and what's happeningacross the firm.So with that, let’s get startedwith the first question —where do you see the market goingand what do you think the industrywill look like in the next 12 to 24 months?And more importantly,what do you think Roc360 will look likein the future? #### Roc360 Investor Site Visit - New York Roc360 invited both current and prospective LPs into the field, offering them a direct view of the progress within our portfolio. The U.S. housing market is currently characterized by an undersupply and a deceleration in new construction. This scenario, combined with strong investor appetite for attractive risk-adjusted returns, is fueling interest in alternative residential credit strategies.Video TranscriptWe're taking current and potential LPs in our REIT on a field trip.We are out here visiting some of our third party originators.We are at one who has done almost $600 million with us.We are meeting with one of their borrowers who has done roughly 50 loans, originated through them through Roc.So we first buy, the property was broken, it has been a distress property. Then we started thinking what we are gonna be doing?Our first priority is to sell it as soon as possible so that we  get the cash out.Wes sit behind the desk in front of the computer all day and sometimes it's good to see what we're actually lending on.This is a typical project here out on Long Island. One of the uh, projects that I've worked on is the one that I'm standing in front of.And there was a great turnaround, if you had seen this place when I first bought it, you would probably not have thought so coming into the house.We ask the borrower can we see your property?We really like it. And he said, I take eye sores in the neighborhood and make them livable again. And that's really what we're trying to do.While this is typical, attainable, this is the type of project that we focus on.Borrower here is a contractor and he actually spotted this property and his whole plan was to take a single family and build something more akin for the neighborhood.So we took this house, gutted out the first wall, blew out the back eight feet with a foundation, extended it, and then we built up.This property is representative of the work that we do all across the country At Roc360.There's only so much you can explain to investors over a phone call. We want to physically show them how we are bringing capital to certain borrowers who are taking this money in them,but they're taking old, distressed, dilapidated housing stock and they're renovating it. And we view the services that we're providing through the capital that we employ to many investors across the country as aiding in the mitigation of America's housing crisis.  #### Roc360 Launches First-of-Its-Kind Lead-Generation Platform Haus Lending --The machine learning-driven startup matches real estate investors and lenders--NEW YORK--(BUSINESS WIRE)--Today, Roc360, a financial services platform for residential real estate investors, announced the launch of Haus Lending, a machine learning-driven startup that leverages data science to source real estate investor leads, directly match those leads with private lenders and aid lenders with servicing these loans through to close and beyond.This new addition to Roc360’s suite of products will innovate, simplify and modernize the expensive and time-consuming process of prospecting for clients, enabling private lenders to invest more time on other essential areas of their businesses. Haus Lending is unique in the space as it is the only platform that directly matches lenders and real estate investors, functioning as a lead origination tool while enabling instant interaction between two interdependent groups of real estate professionals.“The launch of Haus Lending is another step in closing the loop for real estate investors by efficiently matching them with capital, products and services using a data science driven approach. This optimization is essential in addressing the supply demand mismatch in housing that exists today,” said Arvind Raghunathan, PhD, CEO and Co-Founder of Roc360.Private lenders on the Haus Lending platform also receive access to Roc360’s comprehensive suite of products, that will provide support for lenders throughout the entire loan lifecycle. These resources include property and builder’s risk insurance, a proprietary loan origination system (LOS), title insurance, and affinity benefits through unique corporate partnerships.Haus Lending’s mission to modernize the lifecycle of a loan would not be complete without also focusing on the borrower’s experience. Borrowers receive the most competitive rates and a speedier loan-closing process. As part of the Roc360 ecosystem, Haus Lending can assure borrowers that their loans are serviced by a reputable and experienced firm that has funded over $2 billion in loans nationwide.Over the past few months, several established lenders were offered invite-only access to a beta version of the Haus Lending platform. Taking full advantage of the lead-generation matching algorithm, this select group of lenders has seen exceptional early results, including an increase of over 100 percent month-over-month in conversion by using Haus Lending leads versus those traditionally sourced.“Working with Haus Lending has enabled me to focus on originating loans," said Howard Haberman, a director at Rock East Group, a veteran hard money lender for experienced real estate investors who now also originates loans through the Haus platform. "The free incoming leads have shifted my priorities from marketing to closing deals and Roc360’s ancillary products and services really bring everything together. The borrowers love it!” When working within tight deadlines, standard items such as title and property insurance can delay loan closings; however, lenders on the platform are able to bundle all services within the Roc360 platform, ensuring that there will be no hold up. With the launch of Haus Lending, Roc360 further cements itself as a true one-stop shop for lenders, who are now able to offer a superior experience to borrowers and close loans faster.About Roc360Roc360 is an industry leading lender and platform catering to small and middle-market real estate. Founded in 2014, the now rebranded Roc360 has become one of the country's most vertically integrated financial services platforms, with services including Roc Capital lending, Elmsure property insurance, Wimba title insurance and its affinity partnerships. Roc360’s management team is comprised of highly successful executives with proven track records and decades of experience on Wall Street. As former quant traders deeply versed in data, the firm’s present-day capabilities only scratch the surface of what the executive suite is equipped to execute on in the future. #### Roc360 Recognized on the 2024 Deloitte Technology Fast 500™ for Third Consecutive Year New York, NY, November 21, 2024 — 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 has been recognized 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 30th year."We are honored to be included in the Deloitte Technology Fast 500, a recognition that reflects the strength of our platform and the dedication of our team and partners," said Maksim Stavinsky, President of Roc360."This achievement underscores our commitment to delivering innovative solutions that empower residential real estate investors while delivering product generating attractive returns to our investors. Looking ahead, we remain focused on advancing our mission of 'making it easy for everyone to invest in homes' by providing seamless access to capital, technology, and operational support to partners across the industry and the U.S."About the 2024 Deloitte Technology Fast 500™ Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.About Roc360Roc360 is an industry leading, vertically-integrated digital financial services platform and lender facilitating a broad range of residential real estate loans for professional investors. Founded in 2014, Roc360 employs over 400 people and has funded in excess of $14 billion in loans. The company is headquartered in New York City, with offices on four continents.To learn more, go to www.roc360.com. About DeloitteDeloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. #### Roc360 Secures Additional $150 Million Investment from Temasek for Strategy Focused on Home Renovation Lending Investment Signals Growing Global Demand for Residential Credit Opportunities to Upgrade Aging U.S. Housing Stock NEW YORK – January 8, 2026 – Roc360, a vertically integrated real estate lending and investment management platform, today announced that it has secured an additional $150 million investment from Temasek, a global investment company headquartered in Singapore, into the Roc360 Real Estate Income Trust Inc. (“Roc360 REIT”), an investment vehicle focused on U.S. residential transition loans for home renovations. Roc360’s real estate lending platform is designed to support the renovation and repositioning of America’s aging housing stock. Nearly half of all U.S. homes were built before 1980, and the nation faces more than $149 billion in unmet repair needs each year. As the shortage of attainable homes intensifies, institutional allocations to residential transition credit have expanded, driven by the sector’s combination of real asset collateral, short-duration dynamics, and historically resilient performance. Roc360’s REIT invests primarily in first lien mortgages secured by residential investment properties originated across Roc360’s national lending platform. The investment builds on the companies’ previously announced strategic partnership in August 2023, when Roc360 and Temasek launched the Roc360 REIT to help connect institutional investors to this growing market opportunity and expand the availability of capital for U.S. residential property investors. With this additional investment, Roc360 plans to increase its lending capacity to meet the growing needs of its borrowers. “We are excited to expand our partnership with Temasek and address a massive unmet need in U.S. residential real estate,” said Maksim Stavinsky, Co-Founder and CEO of Roc360. “As global investors continue to demand greater exposure to high-quality asset-backed credit and shift from real estate equity toward real estate debt, we have positioned ourselves favorably in the market to help our investors access this opportunity. We are helping the sponsors that rely on funding from Roc360 to renovate and restore properties, providing an attractive risk-adjusted allocation opportunity for institutional investors, and boosting the broader U.S. housing economy: a true ‘win-win-win’ scenario.” This new commitment from Temasek builds on meaningful momentum for Roc360’s platform. In July 2025, Roc360 announced the successful closing of its inaugural $150 million Insurance Dedicated Fund with a leading annuity and retirement services provider. The fund is among the first of its kind to invest exclusively in residential credit assets, and has helped make Roc360 a leader in offering diversified and differentiated investment opportunities in U.S. housing—one of the largest asset classes in the world. About Roc360 Roc360 is a vertically integrated financial services and investment platform focused on the residential real estate investor market. Founded in 2014 and headquartered in New York City, the company provides end-to-end solutions spanning loan origination, underwriting, servicing, asset management, insurance, and valuation. Through its network of private lenders, borrowers, and institutional partners, Roc360 delivers scalable, data-driven capital solutions that help real estate investors acquire, renovate, lease, and manage residential properties. Leveraging proprietary technology and deep credit expertise, Roc360 and the brands it has acquired have collectively funded over $30 billion in business-purpose residential investment loans across the United States. The company employs over 400 professionals across multiple global offices and continues to expand its platform to meet the evolving needs of professional real estate investors, capital partners, and the broader housing ecosystem. About Roc360 Advisors LLC Roc360 Advisors LLC is a registered investment adviser under the U.S. Investment Advisers Act of 1940, specializing in investment strategies tied to residential real estate credit. As the investment management affiliate of Roc360, the firm provides investment advisory services to its clients focused on investments in the residential mortgage markets. Serving institutional allocators, insurance companies and private wealth platforms, Roc360 Advisors has established a scalable capital markets infrastructure designed to match real estate investor demand with long-term, diversified capital sources. The firm structures, manages, and advises on a range of vehicles and programs including private funds, credit facilities, and securitizations. About Temasek Temasek is a global investment company headquartered in Singapore, with a net portfolio value of S$434 billion (US$324b) as at 31 March 2025. Its Purpose “So Every Generation Prospers” guides it to make a difference for today’s and future generations. Temasek seeks to build a resilient and forward-looking portfolio that will deliver sustainable returns over the long term. It has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and Brussels, London, Mexico City, New York, Paris, San Francisco, and Washington, DC outside Asia. For more information on Temasek, please visit www.temasek.com.sg For Roc360 Media Relations: pr@roc360.com For more information about Roc360, please visit www.roc360.com Read full press release here #### Securitizations 101: How Capital Flows in Private Lending Securitizations are key to keeping capital accessible for real estate investors. In this video, Shangzheng Chen breaks down how the process works and why it matters. #### Securitizations 101: RTLs vs DSCR Shangzheng Chen, Portfolio Manager at Roc360, shares how investors evaluate RTL vs. DSCR securitizations—and why the strength of the platform matters more in high-touch asset classes. From construction draws to duration risk, here’s what’s driving decision-making in today’s market.Video Transcript Hi, my name is Shang Zhan. I'm a portfolio manager at Rock 360, focusing on the securitization and asset management side of the business. We focus on originating loans for residential real estate investors across the United States. Ensuring that they have the capital they need to grow their portfolio and contribute to the American housing market. We are primarily focused on single-family, one-to-four-unit rental properties as well as fix-and-flip and construction financing. Currently, I manage a portfolio north of $3 billion in assets under management. The overall goal of our securitization strategy is really to allow our investor partners access to diversified real estate credit assets. Residential credit offers attractive return profiles, stable cash flows, and structural protection. I'm relatively new in my journey here at Rock 360 — I joined in 2022 — but I’ve had the incredible opportunity to work on several marquee securitization deals that have really helped expand capital access and liquidity across our lending platform. I work very closely with our credit, capital markets, and operations teams to ensure that we have proper risk management in place, strong collateral performance oversight, and proactive asset-level monitoring so our investor partners feel confident in their allocations across our strategies. The securitization market continues to evolve, particularly with the macro backdrop we've been facing. With interest rates elevated over the past year and a half, we’ve seen spreads widen, and we've seen challenging issuance volumes — particularly through 2023 and into 2024. That being said, the market continues to show resilience, and investor appetite remains strong for residential rental assets. We expect that as the rate environment stabilizes — and ultimately starts trending down — capital availability will increase, spreads will begin to compress, and issuance volume will begin to pick up meaningfully. That’s going to create attractive opportunities for investors looking to allocate into these assets and drive the demand on the senior classes of the securitization structure. #### Spheres of Influence - Amar Shah Take a look as Amar Shah, Deputy Chief Credit Officer discusses how our credit team blends technology and professional insight to assess and manage risk. We look to focus on seamless, tech-enhanced processes that improve the overall borrower experience. Roc360 combines AI, automation, and human expertise to offer efficient real estate lending solutions.Video Transcript My name is Amer Sha. I'm our Deputy Chief Credit Officer at Roc360, and I oversee credit and underwriting across our lending operations. My role involves evaluating credit risk, setting underwriting strategies, and working closely with our capital markets and asset management teams to ensure strong performance across our portfolio. We lend to real estate investors across the country, supporting rental, bridge, and construction financing. Roc360 has built a data-driven credit framework that allows us to evaluate projects efficiently and accurately, while maintaining disciplined risk management. Our underwriting philosophy balances speed and certainty with rigorous due diligence, which is critical in today’s evolving market environment. What’s exciting about Roc360 is the level of integration across teams — operations, technology, capital markets, and asset management all work hand-in-hand to deliver a seamless experience for borrowers and investors. It creates a level of insight and execution capability you don’t often see in this industry. We’ve seen a lot of change over the past few years, whether it’s interest rate volatility, housing supply dynamics, or shifts in demand for rental housing. Throughout that period, the strength of our credit culture and our commitment to performance has remained constant. We take a long-term view, focusing on sustainable lending practices and risk-adjusted returns. As the market continues to evolve, our focus will remain on discipline, market knowledge, and empowering responsible real estate investment across the country. It’s an exciting time to be in this space — not only because of the opportunity ahead, but also because of the innovation happening across real estate as a whole and not just private lending. #### Spheres of Influence - Andrew Whelan With headquarters, offices, and hundreds of employees across the U.S., along with locations on multiple continents, Roc360’s hiring is guided by a singular focus: building exceptional teams composed of the world’s best talent. Chief Risk Officer, Andrew Whelan, shares his experience opening new offices in Spain and Costa Rica and highlights how Roc360’s unique culture continues to attract the brightest minds on the planet.Video Transcript Hi, I am Andrew Whelanand I invite you to learn more about Roc360 and what we do here.I serve as President and Chief Executive Officer, and it has been an incredible journey leading this organization through its growth and evolution.Roc360 is built on a foundation of providing capital, technology, and expertise to real estate investors across the country.Our mission is clear — to empower investors to scale responsibly and successfully, while helping grow America's housing supply.Over the years, the market has shifted, interest rates have moved, and the lending environment has gone through cycles.But through all of it, one constant at Roc360 has been our commitment to discipline, innovation, and long-term partnership.We have invested heavily in technology, data, and risk management, allowing us to serve investors with speed and confidence while maintaining strong credit fundamentals.What makes this place special is the culture — collaborative, ambitious, and deeply mission-driven.We bring together expertise in lending, capital markets, technology, and operations to build a platform designed for the long term.Our teams are empowered to think big, work cross-functionally, and contribute ideas that move the business forward.It's very, very supportive of growing the business. #### Spheres of Influence - Apoorve Elhence In our latest Spheres of Influence episode, Chief Technology Officer, Apoorve Elhence, shares his path to Roc360 and the mission driving his team. Since joining in 2016, he’s led the development of our state-of-the-art, proprietary loan origination platform—powering efficiency, automation, and easy access to capital for our clients.Video Transcript My name is Apoorve Elhence. I'm the Chief Technology Officer here at Roc360. We have 26 people in Costa Rica, five people in India, and seven people here in the United States. The number one goal for technology here is to build the best in class loan origination system that helps Roc360, manage the whole workflow and lifecycle of a loan, chose the organic, almost old school route of building this whole thing basically. We are using state of the art AI to help with automation around credit review of the lead borrower, the background check, uh, and review of track record, as well as the review of the appraisal are all automated. There is a human overlay. The underwriters and the committee, they see all the reviews done by the technology and with the human overlay, and then they're able to make a decision on the loan. Various Competitors, other folks in the industry have chosen to purchase or acquire and work with those preexisting softwares and use it as their loan origination system. But we chose the organic, the hard route of building this whole thing ourselves. This, you know, for me, eight year journey has resulted in a very mature software that we can twist and turn any which way that the business wants. It's very exciting what technology is able to do and you know, I think having our own software is a big victory for us. #### Spheres of Influence - Arvind Raghunathan, Ph.D. Meet Roc360’s Founder, Arvind Raghunathan, Ph.D., as he shares his journey—from his academic background in mathematics and computer science to diving into finance and the vision that led him to start Roc360. His mission? Driven by a commitment to efficiency and responsible capital deployment, he set out to build a company that empowers real estate investors while assembling a team dedicated to long-term success.Video TranscriptI am Arvind Raghunathan. I, along with Max and Eric, founded this company back in 2013 in New York City.We originally started in the bridge lending business and then migrated into the rental business around 2016, 2017.We merged with Rock 360 in 2019 and since then have become one of the largest private lenders in the United States.In 2021 and 2022, we had to navigate through a very difficult market environment.Rates were rising very quickly, and liquidity was tightening.Fortunately, we had a great team and great partners who helped us manage through all the market volatility.Since then, we've streamlined our business, focused on operational excellence, and continued to support real estate investors across the country.We take pride in having an institutional-grade lending platform that still has a very entrepreneurial culture.It has been a great journey, and it’s amazing to see how the company has grown over the years.I'm extremely grateful to our team and our partners for helping us get to where we are today.Everybody working here is an award in itself.It's truly amazing. #### Spheres of Influence - Eric Abramovich Eric Abramovich, Co-Founder of Roc360, shares his perspective on the evolving U.S. housing market and the opportunities ahead. With a nationwide housing shortage and a growing Fix & Flip sector, Roc360 is strategically expanding and adapting to meet industry demands while leveraging the strength of a passionate and dynamic team to drive innovation in the space.Video Transcript I am Eric Abramovich. I'm co-founder and Chief Revenue Officer of Roc360. We started the company in 2013 with one mission — to help real estate investors scale and build long-term wealth. Over the years, we've seen tremendous transformation in the private lending space and the real estate investment landscape. We pride ourselves on providing certainty of capital, a seamless experience, and a platform that empowers investors to move quickly and confidently. The last few years have brought volatility and challenges across the market, especially with rising interest rates and shifts in liquidity. But what makes Roc360 special is the resilience and adaptability of our people and our model. We continue to innovate, enhance our data and technology, and deepen our relationships with investors and borrowers across the country. I'm incredibly proud of what we've built, and I truly believe we’re still in the early chapters of our journey. Real estate remains one of the greatest tools for wealth creation, and we are committed to supporting those who are building America's housing supply. We're going to keep investing in talent, technology, and new opportunities across the industry — from capital markets to construction, rental, and beyond. There's so much opportunity ahead as the market evolves — including technology-driven underwriting, financial flexibility, blockchain, AI. We're just getting started. #### Spheres of Influence - Lucas Sambrook, Esq. In a new episode of our Spheres Of Influence, meet Lucas Sambrook, Esq., Managing Director and Head of Closings & Special Servicing as he reflects on his journey with Roc360 and the company's growth the past 10 years. From navigating pivotal moments and milestones, Lucas shares insights into the dedication and innovation that have defined Roc360’s success. Watch to learn more about his leadership and Roc360’s continued evolution.Video Transcript My name's Lucas Sandbrookand I am a Managing Director here at Roc360.I help lead our servicing and asset management platform, ensuring that our loans are monitored, managed, and supported throughout their lifecycle.Our team works closely with borrowers, originators, and capital partners to maintain performance and proactively address any challenges that arise during the life of a loan.Roc360 has invested deeply in data, technology, and operational infrastructure to build a servicing platform that is efficient, transparent, and aligned with investor and borrower needs.What makes this place unique is the combination of rigorous process and entrepreneurial mindset.We operate with institutional discipline, but we also move quickly, innovate, and continuously optimize our platform.The market we operate in continues to evolve, and we are constantly refining our approach to risk, borrower experience, and asset performance.It's an exciting time to be part of the organization.We have a tremendous team, and everyone here is committed to building a best-in-class lending and servicing ecosystemthat will continue to drive the firm's success. #### Spheres of Influence - Melissa Deal and Sara Hootstein In a conversation between Melissa Deal, Head of Sales, and Sara Hootstein, Vice President of Sales and Development, both share insights into their professional journeys at Roc360. Melissa, now overseeing three teams across brands, has been instrumental in driving sales success. Sara, though new to the industry when she joined, quickly adapted and now plays a pivotal role in supporting the sales teams' integration and account management functions. They reflect on their experiences in finance, highlighting the importance of confidence, leadership, and customer care. Their commitment to team development and empowering clients to grow their businesses through Roc360's innovative tools and capital solutions is both impactful and inspiring.Video Transcript Hey Melissa,Sarah, we have a couple minutes before the event starts.Are you excited to chat with some of our guests today?Absolutely — this is one of my favorite parts of what we do.Hearing from investors and partners directly, learning about their journeys, and understanding what tools and capital they need to grow.Events like this really give us an opportunity to connect on a personal level and showcase the value of the Roc360 platform.There’s so much energy in the room today — you can tell people are passionate about real estate investing and excited about what's ahead in the market.I love seeing how technology and data are reshaping real estate finance,and how a platform like Roc360 can really help someone scale theirbusiness. #### Spheres of Influence - Michael Bennett In this new episode of Spheres of Influence, Roc360’s Managing Director of Corporate Development, Michael Bennett, discusses Roc360’s position as the market shifts from traditional lending and the three main reasons our comprehensive platform is perfect for capital investors.Video Transcript Working at Rock 360 has been a fantastic personal and professional experience. The culture here is one of collaboration, ownership, and excellence. Every department works together toward a shared mission, and you feel that alignment every day when you walk in. I’ve had the privilege of working across multiple teams and learning from talented colleagues who deeply care about what they do. The pace is fast, the standards are high, and that pushes you to become better. We’re encouraged to think creatively, challenge assumptions, and build solutions that meaningfully support our investors and clients. It’s rewarding to contribute to a platform that is reshaping the private lending landscape and supporting real estate entrepreneurs across the country. With market conditions constantly evolving, being here means you're always learning — whether it’s about capital markets, risk management, technology, or regulatory dynamics. At the end of the day, we succeed because we’re focused on what matters: disciplined execution, thoughtful risk management, and delivering value to our investors and borrowers. Everyone here is committed to long-term success, and that shows in the way we operate as a team. There’s a tremendous opportunity ahead, and I’m excited to continue contributing to a platform that is built for the future — combining technology, data, and deep lending expertise. Our goal remains the same: to generate high-quality, risk-adjusted returns. #### Spheres of Influence - Michael Bennett In this week’s Spheres of Influence, listen to Managing Director of Corporate Development, Michael Bennett, share his experience working at Roc360.Video Transcript Roc360 is really well positionedfor the continued evolution of the private credit and real estate finance market.What excites me most about being here is the combination of institutional discipline and entrepreneurial culture.We have the structure, data, and governance needed to scale — but also the agility to innovate and move quickly when opportunities arise.The private lending industry has faced a lot of changes in recent years.We've seen interest rate volatility, shifts in capital availability, and new demands from investors and borrowers.Through all that, Roc360 has continued to execute, adapt, and grow — and that speaks volumes about our platform and our people.Our business touches the entire lifecycle of real estate investment finance — origination, underwriting, capital markets, servicing, and asset management.That level of vertical integration is rare, and it allows us to create real value for our partners.We're focused on disciplined lending, long-term thinking, and using technology and data to make smarter decisions.As the industry evolves, the companies that combine strong credit culture, innovative technology, and access to capital will lead the market — and Roc360 is squarely in that position.What’s exciting about the asset classthat we invest in.  #### Spheres of Influence - Takamitsu Tanaka, Ph.D. In the latest episode of Spheres of Influence, Taka Tanaka, Managing Director and Head of Data & AI, shares his journey to Roc360. He discusses his team’s current projects and how the latest technologies, including automation, help strike the right balance between efficiency and the human element in the loan process.Video Transcript I am Taka Tanaka. I'm Managing Director and Head of Capital Markets at Roc360. Our goal is to provide reliable and scalable capital solutions to real estate investors nationwide, helping them build and scale their portfolios. We work across the entire capital stack — from senior financing to securitization — leveraging deep market experience and strong institutional relationships. The financing landscape has evolved significantly over the past few years, especially with shifting rate environments and liquidity constraints. Despite that, Roc360 has remained disciplined, forward-thinking, and committed to delivering certainty and execution for our partners and clients. We take a data-driven approach, supported by a platform that integrates underwriting, asset management, and capital markets functions in a seamless way. This allows us to be nimble, analyze credit performance in real time, and structure high-quality, risk-adjusted products for investors. I’m incredibly proud of our team — the expertise, the rigor, and the collaboration that happens here every day are exceptional. We’re constantly exploring new ways to innovate — whether it’s technology-enabled credit analysis, enhanced data intelligence, or emerging tools like AI. The future of real estate finance will be shaped by technology, data, and intelligent capital formation. We really are on the cutting edge of that. #### Spheres of Influence – Maksim Stavinsky We're excited to introduce our new series, Spheres of Influence, where we will be highlighting the influential individuals driving Roc360 forward. In each episode, we’ll dive into the unique insights, experiences, and perspectives of our team members who help shape our company’s vision.Our first interview features Maksim Stavinsky, Co-Founder and President of Roc360, as he shares his leadership philosophy and the values that continue to fuel our growth and success. Stay tuned for exclusive behind-the-scenes stories and inspiration from the minds shaping the future of real estate investing.Video Transcript Hello and welcome.My name is Maksim Stavinsky.I’m one of the co-founders of Roc360,and I’ve had the privilege of helping shape our strategy and growth since the very beginning.Our mission has always been to create a platform that empowers real estate investors — not only with capital, but with technology, data, and operational support.We want to give entrepreneurs and sponsors the tools they need to build successful portfolios and long-term wealth.Over the years, the market has shifted in meaningful ways.We’ve seen cycles, interest rate movements, liquidity changes, and competitive dynamics evolve.Through all of that, what has kept us grounded is discipline — thoughtful risk management, strong underwriting, and a focus on long-term value creation.We pride ourselves on being extremely intentional about the markets we operate in, the partners we work with, and the products we design.It’s about a relentless focus on execution and a deep understanding of credit, capital, and real estate fundamentals.Looking forward, we see tremendous opportunity in continuing to innovate — in data, automation, credit analytics, and capital markets.There is so much potential in bringing technology and financial discipline together in this industry.As we scale, we will stay committed to being thoughtful, strategic, and selective in the areaswhere we choose to compete. #### Spheres of Influence – Ranajoy Sarkar As part of our Spheres of Influence series, we are excited to feature Ranajoy Sarkar, Roc360's Chief Product and Credit Officer. In this interview, Ranajoy discusses the latest housing market trends and highlights Roc360's pivotal role in channeling capital to local real estate investors, helping revitalize aging properties, creating affordable homes, and strengthening communities.Video Transcript Hey, I'm Ranajoy.I run the credit and product team here at Roc360.My focus is on making sure our loan programs are competitive, well-structured, and aligned with both market conditions and investor needs.We continuously evaluate credit performance, borrower behavior, and macroeconomic trends to build products that support sustainable growth and responsible lending.Real estate investing is changing — and the needs of borrowers are evolving with it.Whether it's rental financing, rehab projects, or longer-term portfolio strategies, we want to make sure we're offering solutions that make sense in today’s environment.Affordability, liquidity, and access to capital are major themes right now.We take pride in building products that help real estate entrepreneurs succeed, whether they're scaling portfolios or buying their first investment property.At the end of the day, our work is about helping people participate in the housing market,supporting communities, and making it possible for more buyers to afford, uh, placesfor their first time. #### The Wall Street Journal Highlights Roc360's Role as a Leader in Fix-and-Flip Lending A recent Wall Street Journal article spotlights one of the hottest segments of the real estate market: fix-and-flips. The author, Ryan Dezember, profiles individual investors and their success and then goes on to highlight Roc360’s leadership role, not only as a leading capital provider to residential real estate investors, but also as a pioneer in developing cutting-edge data science to identify houses ripe for fixing and flipping.The key challenge facing the market today, according to the article, is the supply and demand gap--while Wall Street is willing and eager to provide funding, the inventory of houses that can be renovated and sold at a profit is scarce.Ed Stock, a Roc360 customer profiled in the article, typifies market conditions today. "It's the greatest time to be in this market; it’s just hard to find the inventory." Ed started fixing and flipping houses on New York's Long Island after the 2008 mortgage meltdown. He expects to do about 15 flips this year, well below the 53 he undertook in 2014 when foreclosures flooded the market. Roc360 is one of the few entities in the market well-positioned to address both supply-side and demand-side challenges. It has both the capital to fund professional, experienced flippers, as well as the tech platform to identify a wide variety of investment possibilities, such as houses with the greatest fix-and-flip potential -- quickly, and with predictable returns.One of Roc360’s core strengths is its technology-driven approach, explains Dezember. It has successfully adapted the sort of technology that CEO Arvind Raghunathan and his team used at quantitative-trading hedge fund Roc Capital Management to pick stocks and bonds to now find the best borrowers in the fix-and-flip world.The company’s track record, as described in the article, speaks for itself. “Since it began in 2013, Roc360 has funded about 15,000 loans, which average roughly $350,000. This year, the firm expects to lend $3 billion and [...] plans to boost its output to more than $4 billion in 2022.” It’s this track record that resulted in Roc360 receiving a $2 billion infusion from insurer Athene Holding Ltd. CEO Arvind Raghunathan is confident that Roc360 would have little trouble raising several billion more, “given the hunt for yield that has sent investors into less-familiar pockets of fixed income.” “These notes have done extraordinarily well the last eight years,” Arvind says. “There have hardly been any losses, and 8% for one-year paper is extraordinary.”Onward and upward, Roc360! #### Towards a Green and Sustainable Future: How the Real Estate Industry is Adapting By Brandon Dunn, Chief Capital Markets Officer This year during Earth Week, I reflected on the many environmental and sustainability challenges facing our planet. I also thought about how the real estate industry and, specifically, we at Roc360, could contribute towards meaningful action in this regard. The questions are many and the issues are complex, and I don’t claim to have all the answers. But starting a conversation about how to make the real estate industry more green is, I think, a great first step. We’re all in this together, and I’d love to hear your ideas (DM us on our Twitter account @RocThreeSixty). Recently, I watched the movie Is Love Enough -- Sir?, a love story transcending class lines. A line from the movie has stuck in my mind. One of the main characters in the movie is an architect who urges his father, the head of their family-run construction business, to adopt more green initiatives in their building projects. The father responds, “I am all for green buildings, but not if we end up in the red.” This illustrates that real estate firms strive to make environmentally responsible choices but struggle with how to go about it profitably.  According to a recent report by S&P Global, global real estate consumes approximately 40% of world energy annually and accounts for more than 20% of greenhouse gas (GHG) emissions. Which means that the industry has a big responsibility and a long way to go. I’m encouraged by the indications that the trend towards more sustainable practices has already started, and it’s coming from within the industry. The construction industry is already proactively adapting to the imperative of going green. Sustainability initiatives focus on building materials, energy efficiency, and waste management. Companies like Carbon Cure offer technologies to inject and capture recycled CO2 into the concrete mixing process during construction. Even the companies focusing on refurbishing existing buildings are adopting more sustainable approaches. Using energy- and water-efficient appliances, improving energy management by using smart meters, and engaging with tenants on their impact are just a few of the techniques that are gaining ground. There are positive signs on the investment side as well. Like other sectors, real estate is also realizing the importance of directing investment dollars towards greener initiatives. At Roc360 and Haus Lending, we’re exploring ways to make residential projects more green while taking into consideration costs as well. We know that going greener does not only mean putting solar panels on your roof--it involves a more comprehensive and thoughtful approach at all stages of the real estate process, from funding through construction, to identifying best sustainability practices for homeowners. Our focus on Fix-n-Flip is a great indicator of our support for sustainability. Refurbishing existing homes is significantly friendlier to the environment, and also a faster way to meet the housing shortage in the U.S. In the context of best practices, I’m a big believer in building up good habits one step at a time. Tiny changes can have remarkable results no matter what your goals are. An excellent book that champions this philosophy is James Clear’s Atomic Habits -- well worth reading!About the authorBrandon Dunn is the Chief Capital Markets Officer at Roc360. Brandon began his career as an attorney at IBM where he focused on antitrust and corporate law. He transitioned to Wall Street where he focused on various fixed income derivative products at institutions such as JP Morgan, Deutsche Bank, Smith Barney, and LF Rothschild. He later became Managing Director and Head of Structured Product Marketing at UBS.At Roc360, Brandon is responsible for all capital markets related activity and investor relations.   ### Webcasts #### Tackling Big Problems in Residential Real Estate with Jonathan Miller Tackling Big Problems in Residential Real Estate with Jonathan Miller UPCOMING WEBCAST | SEPT 18, 2024 1:00 PM EST Jonathan Miller President and CEO, Miller Samuel Inc. Dive deep into the evolving landscape of the residential real estate market in this dynamic discussion with Eric Abramovich, Brandon Dunn, and Jonathan Miller. Together, they explore pressing issues like: The housing shortage that is reshaping communities The transformative impact of remote work The rise of sustainability and green initiatives in real estate Plus, learn about the latest valuation models and industry trends that are driving the market forward Whether you’re an investor, a homeowner, or just curious about real estate, this conversation is packed with valuable insights and forward-thinking perspectives that you won’t want to miss. This is a pre-recorded event. Guest Jonathan Miller President and CEO, Miller Samuel Inc. Eric Abramovich Co-Founder and Chief Revenue Officer, Roc360 Brandon Dunn Head of Green and Sustainability Initiatives, Roc360 Special Guest Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. Miller Samuel provides appraisal and consulting services on as much as $5 billion of property annually in the New York City metropolitan area. Jonathan is a U.S. real estate market analyst and a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state, and federal courts across the U.S. He holds The Counselors of Real Estate® (CRE®) and an Appraiser "A" Member of the Real Estate Board of New York. Jonathan was a two-term President of RAC, a national appraiser organization specializing in providing valuation solutions for complex residential properties.Since 1994, Mr. Miller has been the author of an expanding series of market reports for Douglas Elliman Real Estate covering the New York City metro area, Florida, Southern California, and others. These reports are relied on by the media, financial institutions, and government agencies, including the Federal Reserve, Internal Revenue Service, U.S. Department of Housing and Urban Development, the NYC Office of Management and Budget, and the New York State Budget Division Economic Advisory Board and others. He co-authored a research paper for NYU School of Law and the NYU Wagner Graduate School of Public Service's Furman Center for Real Estate and Urban Policy titled The Condominium v. Cooperative Puzzle: An Empirical Analysis of Housing in New York City, published in 2007 by the Journal of Legal Studies at the University of Chicago. He developed pending home sale indices for the Washington, D.C., and Baltimore metro areas and Central Pennsylvania on behalf of Bright MLS, one of the largest multiple listing systems in the U.S.Mr. Miller teaches market analysis as an Adjunct Associate Professor of Architecture, Planning, and Preservation in the Master of Science in Real Estate Development (MSRED) Program at Columbia University. He serves on the New York City Mayor's Economic Advisory Panel, representing the residential real estate sector. He has participated in studies at institutions such as New York University, Princeton University, Columbia University, Baruch College, and Urban Land Institute. He is a well-regarded real estate commentator, covering U.S. and regional housing issues in print, online, television, and radio, including The New York Times, The Wall Street Journal, Bloomberg, Financial Times, Reuters, AP, CNBC, CNN, ABC, and others.Recognition awarded to Mr. Miller include: Recognized as the “Most respected man in New York City real estate” by Fortune Magazine Referred to as a “Real Estate Visionary” by James Lane Post Recognized as one of the “Power Players in Residential Real Estate” by PoliticsNY Referred to as “The Most Honest Man In Real Estate” by Business Insider Recognized as “Notable in Real Estate” by Crain’s New York Business Referred to as “Appraiser Extraordinaire” by Forbes Named “Best Online Real Estate Expert” by Money Magazine Declared “Most Trusted Man in NYC real estate” by The Observer Named one of “The Best Finance People on Twitter.” by Business Insider Selected as one of the 100 Most Powerful People in Real Estate 3 times by The Observer Recognized for “Keeping the Industry Honest” by The New York Post Named one of the 20 Biggest Power Players in New York Real Estate by The New York Post His Matrix blog was named a top five real estate industry b2b site in the Swanepoel Trends Report A 25 most influential U.S. real estate blogger - Matrix was voted a top 5 blogs Inman News Roc360's Executive Hosts Eric Abramovich Eric Abramovich is a Co-Founder of Roc360, a vertically integrated platform for residential real estate investors. Eric has pioneered the firm's industry leading Private Lender Program. Previously, he was a director at Deutsche Bank, where he managed a quantitative equity long/short strategy trading Japanese equities. Additionally, he co-founded an investment vehicle targeting distressed residential real estate assets in the wake of the 2008-09 financial crisis. He received his B.A. in Finance and Actuarial Science from the Stern School of Business at New York University. Brandon Dunn Brandon Dunn joined Roc360 in 2016. He oversees Roc360's green and sustainability initiatives. Brandon's prior experience includes Managing Director and Head of Structured Product Marketing at UBS and senior member of the fixed income sales and trading teams at JP Morgan, Deutsche Bank, Smith Barney and LF Rothschild. He received his B.S. in Economics from University of Pennsylvania–Wharton School and his J.D. from Georgetown University Law Center. Complete form to watch this webcast First name* Last name* Business Email* Company Name* Job Title* How did you hear about us?* By submitting this form, you agree to Roc360’s Terms of Service, Privacy Policy, Thank you! You are registered for this event. click here to watch webcast