REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
Roc360 | March 16, 2023
Roc Capital Holdings LLC (Roc360), a financial services platform for residential real estate investors, recently announced its completion of the previously announced acquisition of Finance of America Commercial (FACo) assets. Under the transaction terms, Roc360 acquired the operational assets of FACo, a Finance of America Companies Inc. division specializing in residential real estate investment loans.
Roc360 will give the brand a unique logo and execute it under a new subsidiary using its current name, Finance of America Commercial. It will join Roc360's growing collection of leading real estate’s brands, such as Haus Lending, Roc Capital, Elmsure Insurance, Wimba Title, and Tamarisk Appraisals. The FACo acquisition enhances Roc360's existing origination footprint in its retail and wholesale channels, and the acquired data will contribute to Roc360's data science initiatives. In 2022, the two companies collectively financed over $4.6 billion in loans for business purposes.
FACo traces its origins back over a decade to its forerunners, B2R Finance, Dwell Finance, and Jordan Capital Finance, innovators in the national private lending sector that provided fix-and-flip and landlord DSCR loans to real estate investors. It has funded over $6 billion to 9,000+ individual guarantors across 25,000+ closed loans via its broker channels and borrower-direct.
Arvind Raghunathan, Founder and Chief Executive Officer of Roc360, said, "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." He also said, "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."
(Source – Cision PR Newswire)
Roc360 is a vertically integrated platform for residential real estate investors and one of the leading creators of business-purpose loans nationally. The company was established in 2014, employs more than 300 people and funded more than $14 billion in loans through its lending subsidiaries. It is based in New York City with offices across three continents. In addition, Roc360 joined the Deloitte Technology Fast 500, a ranking of the 500 North American companies with the fastest-growing media, technology, telecommunications, fintech, life sciences, and energy tech industries in 2022.
MARKET OUTLOOK, REAL ESTATE INVESTMENT
The Agency | February 09, 2023
On February 7, 2023, Global real estate brokerage The Agency announced the opening of a new franchise office in Lisbon, Portugal. This marks the company's second office in Europe, following The Netherlands, which opened in 2022. The office joins the brokerage's expanding network of over 70 locations throughout the United States, Mexico, Canada, Europe and the Caribbean. The Portugal office will be overseen by Ayres Neto, an industry veteran and Managing Partner.
Over the past year, The Agency has rapidly extended its global footprint, making it one of the world's fastest-growing luxury boutique brokerages. The independent brokerages owned by The Agency are integrated and refered to as true global partners. Every Managing Partner, whether from corporate or independently-owned offices, functions as one true global network.
The Agency's global partners have the same access to marketing, leadership, training, public relations, resources, and technology as its corporate offices instead of merely employing brand likeness in their marketing. The Agency has exhibited remarkable global growth since 2022, launching 27 new corporate and independently-owned offices, including the new office in Portugal, with even more openings imminent.
Ayres Neto, a highly successful, award-winning, top-ranked agent, will serve as Managing Partner of The Agency Portugal, leading and mentoring a diverse, multilingual staff of real estate experts from over a dozen nations who speak thirteen languages.
The Agency's well-known brand has been featured on worldwide television programs such as The Real Housewives of Beverly Hills, Million Dollar Listing Los Angeles, and Buying Beverly Hills, which premiered on Netflix on November 4, 2022. The Agency has spread to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. The Financial Times recognizes The Agency as one of America's Fastest Growing Firms and has ranked among Inc. 5000's list of the country's fastest-growing private companies for six consecutive years. The Agency is poised for future development with like-minded partners in essential areas.
About The Agency RE
The Agency is a full-service luxury real estate brokerage and lifestyle firm that represents customers all over the world in a variety of segments, including residential, new development, resort real estate, residential leasing, and luxury vacation rentals. Since its establishment in 2011, it has reinvented the real estate business, modernizing and expanding the industry by developing a partnership culture in which all customers and listings are represented collaboratively by all its agents. The company has closed over $8.62 billion in real estate transactions and has established itself as a dominant player in the luxury real estate market, representing several of the country's most visible and high-end properties.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Matterport Inc. | February 16, 2023
On February 15, 2023, one of the leading digital transformation companies, Matterport, Inc., announced its Digital Pro, an all-in-one marketing solution now available in the US for real estate agents. Digital Pro integrates the innovation of Matterport's 3D digital twin technology and content production and integrated marketing to design the industry's most affordable and complete marketing package to help real estate agents get more clients and sell homes faster. Matterport will deliver professional-level HDR photos, a 3D tour, a 2D floor plan, and a preview video for customers within 1-2 business days at a low flat rate in a single appointment.
Digital Pro offers real estate professionals the required media assets to market, sell and promote their properties via one partner. It provides a simplified package and a full suite of visual marketing tools where agents can focus more on selling the properties faster and gaining listings by raising the standards of what buyers and sellers expect from a home listing company.
With Digital Pro, real estate agents can work with a single partner to make all the media assets they need to market, sell, and promote their properties. In addition, agents can focus more on getting listings and selling homes faster if they have a complete set of visual marketing tools in a simple package. This raises the bar for buyers' and sellers' expectations from a home listing. The Digital Pro Package consists of HDR photos to compose the views of the property's selling points, a 3D tour for prospective buyers for a virtual visit to the property, a 2D floor plan with accurate dimensions automatically creates visual spatial data, and a preview video of 10 to 15 seconds for a quick view of the property.
About Matterport Inc.
Matterport, Inc., founded in 2011, is at the forefront of the digital transformation of the built environment. Its innovative spatial data platform converts buildings into data to increase the value and accessibility of every space. Millions of buildings in 177+ countries have been turned into immersive Matterport digital twins to improve every part of a building's lifecycle, from planning, construction, and operation to documentation, appraisal, and marketing.