Roc360

Overview

Roc360 is a private real estate lending company discussed in The loan at the heart of a new foreclosure crisis through co-founder Eric Abramovich.

Current Profile

The source presents Roc360 as part of the post-financial-crisis private-lending channel that connected local real estate investor loans to Wall Street capital. Some bad Baltimore loans came from private lenders associated with Eric Abramovich’s company, while Abramovich argues that defaults are part of lending and that outside capital is needed to repair and build housing.

Key Characteristics

• Roc360 is associated with the private-lender expansion from fix-and-flip loans into DSCR loans.
• The source connects Loan Funder LLC to Roc360.
• The company is part of the Wall Street capital bridge for landlord lending.
• Its co-founder defends the market as different from pre-crisis no-income consumer mortgages.
• Its role in the Baltimore case is exposure through associated lenders, not sole responsibility for the full $100 million portfolio.

Evidence

Private-lending role:

• The loan at the heart of a new foreclosure crisis has Eric Abramovich explain how private lenders filled a fix-and-flip niche after the financial crisis and later connected to Wall Street money.

Baltimore exposure:

• The loan at the heart of a new foreclosure crisis says about $35 million of the $100 million in bad loans came from private lenders associated with Abramovich’s company.

Product defense:

• The loan at the heart of a new foreclosure crisis says Abramovich rejects the financial-crisis comparison and argues that tight credit and the housing shortage make outside capital useful.

Qualifications

The source does not say Roc360 originated all Baltimore loans or that it caused the foreclosure cluster. It reports an associated-lender exposure and gives Abramovich’s defense alongside reporter concerns.

What Changed

• Added Roc360 as the private-lending company tied to DSCR-loan scaling and Baltimore exposure.

Relationships

• Eric Abramovich - co-founder and explanatory voice in the episode.
• DSCR Loans - landlord mortgage product linked to Roc360’s lending channel.
• Wall Street Private Mortgage Capital - capital-market channel Roc360 helped connect to private real estate lending.