This week we are bringing you a sponsored episode recorded live in Scottsdale at The Gathering 2024. Our wonderful guests are Scott Rerucha, the CEO and co-founder of Legacy Group Capital, and Ed Messman, the CIO of Legacy Group Capital. Legacy Group Capital is a private lending company that helps builders and real estate investors acquire property more easily than traditional bank financing. 

Scott brings over three decades of industry experience from several financial institutions throughout the Puget Sound Region. Ed has over two decades of executive leadership experience with venture capital and private equity-sponsored technology companies.

Legacy Group Capital recently announced its acquisition of Rook, a home equity investment company that focuses on providing innovative financing solutions for homebuyers. They discuss the rationale behind the acquisition and their hopes to focus on a group of homebuyers they call the “missing middle.” They also discuss housing affordability issues at large, the state of the market for real estate professionals, and Legacy Group Capital’s model to create solutions for young professionals with fractionalized mortgages.

Here’s a glimpse of what you’ll learn:

• Legacy Group Capital helps builders and real estate investors acquire property more easily than traditional bank financing.
• They specialize in finding real estate deals that can produce affordable housing.
• The company recently acquired Rook, a home equity investment (HEI) company, to offer innovative financing solutions for homebuyers.
• HEI products reduce down payments and monthly payments for more affordable housing options.

Related to this episode:

• Ed Messman | LinkedIn
• Scott Rerucha | LinkedIn
• Legacy Group Capital
• Legacy Group Capital acquires home equity investment fintech Rook Capital
• 2024 Finance Leader: Ed Messman | HousingWire
• HousingWire | YouTube

Enjoy the episode!

The Power House podcast is a show about leadership, markets and entrepreneurship in the housing industry. Each Thursday, Clayton Collins speaks with CEOs and founders from the mortgage and real estate sector to reveal how housing executives think about business growth, operational strategy, and leadership. The Power House podcast reveals the full picture through the stories of the industry’s most impactful leaders. Clayton Collins is the CEO of HousingWire, and the Power House podcast is produced by HousingWire’s Content Studio. Initially launched in 2019 as the Housing News podcast, the show was relaunched as Power House in 2024.

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