Hosted by Michael Flock, Chairman & CEO of FLOCK Specialty Finance, Capital Club Radio provides a forum for middle market business leaders who have been underserved by traditional banking.
Capital Club Radio provides listeners an opportunity to gain valuable business insights and perspectives into developing and managing a company’s capital structure. Topics will include: building the right capital structure to deal with market uncertainty, being nimble, developing resources and exploiting market niches.
The show airs live periodically on Business RadioX and is sponsored by FLOCK Specialty Finance. Today, Founder and Managing Partner, Rich Munroe of Resolutions Services Group is the guest on Capital Club Radio.
Rich Munroe, Resolution Services Group, LLC
Rich Munroe has built over 25 years of experience in the distressed debt industry and has been involved in over 400 portfolio acquisitions of different asset classes, totaling in excess of ten billion dollars serving as Vice President of Acquisitions for Outsourcing Solutions, Inc. (OSI) and as the President of Capital Financial Group, Inc. Resolution Services Group, LLC was founded in March, 2013 to purchase delinquent real estate tax liens in Georgia, Maryland and District of Columbia. Mr. Munroe has been a frequent speaker at industry events and has been an active long-term member of DBA International serving as President of the association during 2013-2014. Mr. Munroe also serves as Board Advisor for Lend Street Financial, Inc a lending platform that helps distressed consumers restructure debt and enable investors to buy the debt from creditors at a discount.
Here is just a glimpse into what Rich Munroe shared on the facets of being a middle market business leader:
“I got started in the debt buying business in the late 80s, early 90s bidding on credit card debt at RTC auctions in 2002. I, along with a partner, started my own business. Ten years ago I got involved with the debt buying association and eventually became its president. During this time I had the opportunity to work different state attorneys general, regulators and CFPB officials.”
“The organizational capabilities I used to purchase credit card debt were very similar to starting tan organization to purchase tax liens. I had to seek out the players, experience and knowledge of the laws and regulations. As with most businesses, developing the right relationships is key. These networks and relationships helped me to find the knowledge, resources and capital needed to compete.”
More Details:
About Capital Club Radio
Hosted by Michael Flock, Chairman & CEO of FLOCK Specialty Finance, Capital Club Radio provides a forum for middle market business leaders who have been underserved by traditional banking.
Capital Club Radio provides listeners an opportunity to gain valuable business insights and perspectives to deal with market uncertainty. Topics discussed include: key success factors, both personal and professional insights, dealing with adversity, outlook for the industry, and your business.