"The new funding will be directed primarily toward first-lien mortgages secured by residential investment properties originated through Roc360's national lending platform."
"According to the companies, demand for residential transition credit has grown due to its real-asset collateral, short loan durations and historically resilient performance."
"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, said Maksim Stavinsky, co-founder and CEO of Roc360."
New funding will be directed primarily toward first-lien mortgages secured by residential investment properties originated through Roc360's national lending platform. Demand for residential transition credit has grown because of its real-asset collateral, short loan durations, and historically resilient performance. Global investor demand is shifting from real estate equity to real estate debt, increasing interest in high-quality asset-backed credit. Housing stock fundamentals underpin the strategy: roughly half of U.S. homes were built before 1980 and unmet home repair needs total an estimated $149 billion per year, driving the launch of the Roc360 REIT. Roc360 recently closed a separate $150 million insurance-dedicated fund and has originated over $30 billion in business-purpose residential investment loans since 2014.
Read at www.housingwire.com
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