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.
