Delaware
|
0-4408
|
72-0654145
|
||
(State or other jurisdiction
|
(Commission
|
(IRS Employer
|
||
of incorporation)
|
File Number)
|
Identification No.)
|
||
One Crescent Drive, Suite 203
|
||||
Navy Yard Corporate Center
|
||||
Philadelphia, PA
|
19112
|
|||
(Address of principal executive offices)
|
(Zip Code)
|
¨
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
¨
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
¨
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
¨
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Item 1.01. | Entry into a Material Definitive Agreement. |
Item 9.01. | Financial Statements and Exhibits. |
10.1
|
Second Amendment to the Amended and Restated Loan and Security Agreement and Joinder to Loan Documents dated as of February 15, 2012.
|
Resource America, Inc.
|
|
Dated: February 15, 2012
|
By: /s/ Thomas C. Elliott
Name: Thomas C. Elliott
Its: Senior Vice President and Chief Financial Officer
|
1.
|
Resource Securities, Inc., F/K/A Chadwick Securities, Inc.
|
2.
|
Resource Europe Management Limited
|
3.
|
Resource RSI Phase I, LLC
|
4.
|
Resource RSI Phase II, LLC
|
5.
|
RCP Nittany Pointe Manager, Inc.
|
6.
|
RCP Fountains GP, Inc.
|
7.
|
RCP Avalon Manager, Inc.
|
8.
|
RCP Falls at Duraleigh Manager, Inc.
|
9.
|
RCP Sage Canyon Manager, Inc.
|
10.
|
RCP Cuestas Manager, Inc.
|
11.
|
RCP Holdco I Manager, Inc.
|
12.
|
RCP Reserves Manager, Inc.
|
13.
|
RCP Foxglove Manager, Inc.
|
14.
|
RCP Santa Fe Manager, Inc.
|
15.
|
RCP Regents Center Manager, Inc.
|
16.
|
RCP Highland Lodge Manager, Inc.
|
17.
|
RCP Grove Manager, LLC
|
18.
|
RCP Howell Bridge Manager, Inc.
|
19.
|
RCP Heritage Lake Manager, LLC
|
20.
|
RCP Westchase Wyndham Manager, LLC
|
21.
|
RCP Pear Tree Manager, LLC
|
22.
|
RCP Wind Tree Manager, LLC
|
23.
|
RCP Chenal Brightwaters Manager, LLC
|
24.
|
Resource Asset Management, LLC
|
25.
|
LEAF Asset Management, LLC
|
26.
|
LEAF Commercial Finance Income Fund I, LP
|
27.
|
LEAF Commercial Finance Income Fund II, LP
|
28.
|
FLI Holdings, Inc.
|
29.
|
LEAF Financial Corporation
|
30.
|
LEAF Commercial Finance Co, LLC
|
31.
|
LEAF Funding, Inc.
|
32.
|
Resource Capital Funding II, LLC
|
33.
|
LEAF Ventures, LLC
|
34.
|
Merit Capital Manager, LLC
|
35.
|
Merit Capital Advance, LLC
|
36.
|
LEAF Capital Management, Inc.
|
37.
|
LEAF Capital Management, Inc.
|
38.
|
Resource Commercial Mortgages, Inc.
|
39.
|
RCP Magnolia Manager, LLC
|
40.
|
RCP West Wind Manager, LLC
|
41.
|
RCP Ryan’s Crossing Manager, LLC
|
42.
|
RCP Memorial Towers Manager, LLC
|
43.
|
RCP Villas Manager, LLC
|
44.
|
RCP Coach Lantern Manager, LLC
|
45.
|
RCP Foxcroft Manager, LLC
|
46.
|
RCP Tamarlane Manager, LLC
|
47.
|
RCP Park Hill Manager, LLC
|
48.
|
RCP Bent Oaks Manager, LLC
|
49.
|
RCP Cape Cod Manager, LLC
|
50.
|
RCP Woodland Hills Manager, LLC
|
51.
|
RCP Woodland Village Manager, LLC
|
52.
|
RCP Woodhollow Manager, LLC
|
53.
|
Merit Processing, LLC
|
54.
|
LEAF Ventures II, LLC
|
55.
|
Prompt Payment, LLC
|
56.
|
LEAF Commercial Finance Fund, LLC
|
57.
|
RRE Oak Park Leaseco, LLC
|
58.
|
Apidos Select Corporate Credit Fund GP, LLC
|
59.
|
RRE VIP Borrower, LLC
|
60.
|
RRE VIP International Village, LLC
|
61.
|
RRE VIP Regency Park, LLC
|
62.
|
RRE Wyndridge Holdings, LLC
|
63.
|
RCP Wyndridge Manager, LLC
|
64.
|
RRE Mill Creek Holdings, LLC
|
65.
|
RCP Mill Creek Manager, LLC
|
66.
|
RRE VIP Pinnacle at Brownsboro, LLC
|
67.
|
RRE VIP Highline Club, LLC
|
68.
|
RRE VIP Bingham, LLC
|
69.
|
RRE VIP Northside Village, LLC
|
70.
|
RRE VIP Parkway Terrace, LLC
|
71.
|
RRE VIP Wingate, LLC
|
72.
|
RRE VIP Birch Sycamore, LLC
|
73.
|
Highland Lodge Holdings, LLC
|
74.
|
RRE Highland Lodge Manager, Inc.
|
75.
|
RSI I Manager, Inc.
|
76.
|
RSI II Manager, Inc.
|
1.
|
Resource Properties XVII, Inc.
|
2.
|
Resource Properties XXV, Inc.
|
3.
|
Resource Properties XXVI, Inc.
|
4.
|
Resource Properties XXX, Inc.
|
5.
|
Resource Properties XXXI, Inc.
|
6.
|
Resource Properties XLVII, Inc.
|
1.
|
RRE VIP Participant, LLC
|
Entity Name | State(s) of Qualification | |
1.
|
Resource America, Inc.
|
DE, PA
|
2.
|
Apidos Capital Management, LLC
|
DE, NY
|
3.
|
Apidos Partners, Inc.
|
DE
|
4.
|
Ischus Capital Management, LLC
|
DE, NY
|
5.
|
Parkwin Services, LLC
|
DE, MD, DC, IN
|
6.
|
RAI Ventures, Inc.
|
DE
|
7.
|
RCP Financial, LLC
|
PA
|
8.
|
Resource Capital Manager, Inc.
|
DE, NY
|
9.
|
Resource Capital Investor, Inc.
|
DE
|
10.
|
Resource Capital Partners, Inc.
|
DE, PA, CO
|
11.
|
Resource Financial Institutions Group, Inc.
|
DE
|
12.
|
Resource Financial Fund Management, Inc.
|
DE
|
13.
|
Resource Housing Investors I, Inc.
|
DE
|
14.
|
Resource Housing Investors II, Inc.
|
DE
|
15.
|
Resource Housing Investors III, Inc.
|
DE
|
16.
|
Resource Housing Investors IV, Inc.
|
DE
|
17.
|
Resource Income Advisors, Inc.
|
DE
|
18.
|
Resource Leasing, Inc.
|
DE
|
19.
|
Resource Programs, Inc.
|
DE, PA, NY
|
20.
|
Resource Properties XVII, Inc.
|
DE
|
21.
|
Resource Properties XXV, Inc.
|
DE
|
22.
|
Resource Properties XXVI, Inc.
|
DE
|
23.
|
Resource Properties XXX, Inc.
|
DE
|
24.
|
Resource Properties XXXI, Inc.
|
DE
|
25.
|
Resource Properties XLVII, Inc.
|
DE
|
26.
|
Resource Real Estate, Inc.
|
DE
|
27.
|
Resource Real Estate Funding, Inc.
|
DE, PA, CA
|
28.
|
Resource Real Estate Holdings, Inc.
|
DE, PA
|
29.
|
Resource Real Estate Management, LLC
|
DE
|
30.
|
Resource Real Estate Opportunity Advisor, LLC
|
DE
|
31.
|
Resource Real Estate Opportunity Manager, LLC
|
DE
|
32.
|
RRE1 Duraleigh Member, LLC
|
DE
|
33.
|
RRE2 Duraleigh Member, LLC
|
DE
|
34.
|
RRE Avalon Member, LLC
|
DE
|
35.
|
Resource Real Estate Management, Inc.
|
DE, CA, OH, PA, CT
|
36.
|
RRE Leaseco, LLC
|
DE
|
37.
|
RRE Investor, LLC
|
DE
|
38.
|
Resource Capital Partners II, LLC
|
DE
|
39.
|
Resource Capital Markets, Inc.
|
DE
|
40.
|
RRE D2R2 2007-1, LLC
|
DE
|
41.
|
Torsion Advisors, LLC
|
DE
|
42.
|
Torsion Capital, LLC
|
DE
|
43.
|
Walnut Street Investments, LLC
|
DE
|
Entity Name
|
EIN
|
State Id No.
|
||
Resource America, Inc.
|
72-0654145
|
636908
|
||
Apidos Capital Management, LLC
|
59-3794454
|
3911350
|
||
Apidos Partners, Inc.
|
27-4899935
|
4938527
|
||
Ischus Capital Management, LLC
|
42-1629547
|
3795325
|
||
Parkwin Services, LLC
|
45-0707333
|
4956185
|
||
RAI Ventures, Inc.
|
23-3052654
|
3270521
|
||
RCP Financial, LLC
|
04-3837567
|
568031
|
||
Resource Capital Manager, Inc.
|
20-2287162
|
3919391
|
||
Resource Capital Investor, Inc.
|
20-2393947
|
3931224
|
||
Resource Capital Partners, Inc.
|
13-4214163
|
3562036
|
||
Resource Financial Institutions Group, Inc.
|
20-2593874
|
3929004
|
||
Resource Financial Fund Management, Inc.
|
04-3686974
|
3530885
|
||
Resource Housing Investors I, Inc.
|
23-2916186
|
2713100
|
||
Resource Housing Investors II, Inc.
|
23-2916188
|
2713232
|
||
Resource Housing Investors III, Inc.
|
23-2916190
|
2713037
|
||
Resource Housing Investors IV, Inc.
|
23-2916191
|
2713230
|
||
Resource Income Advisors, Inc.
|
45-1167549
|
4956941
|
||
Resource Leasing, Inc.
|
51-0367697
|
2518557
|
||
Resource Programs, Inc.
|
23-2544941
|
2171187
|
||
Resource Properties XVII, Inc.
|
23-2836316
|
2489294
|
||
Resource Properties XXV, Inc.
|
51-0374877
|
2629014
|
||
Resource Properties XXVI, Inc.
|
52-2005749
|
2678319
|
||
Resource Properties XXX, Inc.
|
51-0374880
|
2629018
|
||
Resource Properties XXXI, Inc.
|
51-0374880
|
2629018
|
||
Resource Properties XLI, Inc.
|
23-2929392
|
2804989
|
||
Resource Properties XLVII, Inc.
|
23-2972692
|
2864483
|
||
Resource Real Estate, Inc.
|
20-1093394
|
3799469
|
||
Resource Real Estate Funding, Inc.
|
20-4326931
|
4109391
|
||
Resource Real Estate Holdings, Inc.
|
65-1173932
|
3624814
|
||
Resource Real Estate Management, LLC
|
22-3914452
|
3976137
|
||
Resource Real Estate Opportunity Advisor, LLC
|
27-0332311
|
4696255
|
||
Resource Real Estate Opportunity Manager, LLC
|
27-0332473
|
4696257
|
||
RRE1 Duraleigh Member, LLC
|
52-2448330
|
3900088
|
||
RRE2 Duraleigh Member, LLC
|
52-2448325
|
3900089
|
||
RRE Avalon Member, LLC
|
20-2081491
|
3906054
|
||
Resource Real Estate Management, Inc.
|
22-3914452
|
4404764
|
||
RRE Leaseco, LLC
|
64-0960020
|
4346241
|
||
RRE Investor, LLC
|
27-0148773
|
4685839
|
||
Resource Capital Partners II, LLC
|
26-3419877
|
4604475
|
||
Resource Capital Markets, Inc.
|
26-2740281
|
4428599
|
||
RRE D2R2 2007-1, LLC
|
45-0573586
|
4428599
|
||
Torsion Advisors, LLC
|
45-3727806
|
5056141
|
||
Torsion Capital, LLC
|
45-3727472
|
5037586
|
||
Walnut Street Investments, LLC
|
30-0665750
|
4942797
|
Lender
|
Borrower
|
Balance at
12/31/11
|
||||
Resource Programs
|
RAI Corporate
|
$ | 24,311,181.25 | |||
RAI Corporate
|
Real Estate
|
18,347,647.05 | ||||
Resource Capital Partners, Inc.
|
RAI Corporate
|
43,873,395.35 | ||||
Resource Real Estate Funding
|
RAI Corporate
|
233,169.95 | ||||
Resource Real Estate Management, Inc.
|
RAI Corporate
|
1,000.00 | ||||
Resource Leasing
|
RAI Corporate
|
35,732,412.36 | ||||
RAI Corporate
|
LEAF Financial Corp
|
50,821,511.41 | ||||
RAI Corporate
|
Flih
|
17,946,115.76 | ||||
Resource Financial Fund Mgt.
|
RAI Corporate
|
30,395,913.78 | ||||
RAI Corporate
|
Apidos
|
44,581,493.12 | ||||
RAI Corporate
|
Apidos Select Corporate Credit Fund
|
360,663.00 | ||||
RAI Corporate
|
Apidos Partners
|
24,742.00 | ||||
RAI Corporate
|
Ischus
|
27,914,769.06 | ||||
RAI Corporate
|
RFIG
|
5,113,343.60 | ||||
RAI Corporate
|
Resource Capital Manager, Inc.
|
2,086,352.97 | ||||
Resource Capital Investor
|
RAI Corporate
|
4,041,213.38 | ||||
RAI Corporate
|
Trapeza
|
24,183.29 | ||||
RAI Corporate
|
Resource Asset Management, Inc (RAMI)
|
623,546.25 | ||||
RAI Corporate
|
RAI Ventures
|
3,832,771.24 | ||||
RAI Corporate
|
Resource Securities, Inc.
|
1,110,712.50 | ||||
RAI Corporate
|
Resource Europe
|
420,724.51 | ||||
RAI Corporate
|
Resource Capital Markets, Inc.
|
2,451,901.89 | ||||
Resource Real Estate
|
Resource Programs
|
41,416,593.38 | ||||
Resource Real Estate Funding
|
Resource Capital Manager
|
4,971,608.24 | ||||
LEAF Financial
|
Resource Financial Fund Mgt.
|
77,769.69 | ||||
Resource Capital Markets
|
Resource Securities, Inc.
|
123,929.56 | ||||
Resource Capital Partners, Inc.
|
Resource Securities, Inc.
|
134,466.07 | ||||
Resource Europe
|
Resource Securities, Inc.
|
86,881.47 | ||||
Resource Europe
|
Resource Capital Markets, Inc.
|
144,648.88 | ||||
RRE Opportunity Advisor, LLC
|
Resource Securities, Inc.
|
156,811.36 | ||||
RRE Opportunity Advisor, LLC
|
RAI Corporate
|
2,884.92 |
Lender
|
Borrower
|
Balance at
12/31/11
|
||||
Resource Capital Markets
|
Resource Financial Fund Management
|
1,752,398.68 | ||||
Resource Capital Markets
|
Resource Capital Manager, Inc.
|
109,394.75 |
BALANCE AT
|
||||||
LENDER
|
BORROWER
|
12/31/11
|
||||
Senior Notes
|
Resource America, Inc.
|
$ | 10,000,000 | |||
Resource Capital Corp.
|
Resource Capital Partners, Inc.
|
1,677,432 | ||||
Cantor Commercial Real Estate Lending, L.P.
|
Resource RSI Phase I & II, LLC
|
10,659,770 | ||||
CIT
|
Resource America, Inc.
|
486,510 | ||||
First Insurance Funding
|
Resource America, Inc.
|
344,528 | ||||
23,168,240 | ||||||
TD Bank, N.A.
|
Resource America, Inc. line of credit
|
5,303,218 | ||||
Total borrowings per balance sheet at 12/31/11
|
$ | 28,471,458 |
Entity
|
Percentage of Limited Partnership Interest Owned
|
|||
Trapeza Partners III L.P.
|
6.10% | |||
Trapeza Partners IV L.P.
|
5.04% | |||
Trapeza Partners V L.P.
|
13.25% | |||
Compass Island Partners, L.P.
|
10.00% | |||
Compass Island Partners A, L.P.
|
10.00% | |||
Cradle Cove Partners, L.P.
|
10.66% | |||
Cradle Cove Partners II, L.P.
|
5.78% | |||
Cradle Cove Investment Opportunities Fund, L.P.
|
5.72% | |||
Apidos Select Corporate Credit Fund, L.P.
|
2.59% |
Direct Investments in CDOs
|
Total $ CDO Equity
|
RFFM $ Share of Equity
|
||||||
Trapeza IX
|
23,000,000 | 1,000,000 | ||||||
Trapeza XII
|
5,000,000 | 950,000 | ||||||
Trapeza XIII
|
30,000,000 | 2,500,000 | ||||||
Ischus I (RFFM)
|
17,000,000 | 500,000 | ||||||
Ischus HG COLL 2007-1
|
15,800,000 | 1,000,000 | ||||||
Ischus Mezz III
|
23,000,000 | 2,000,000 | ||||||
Ischus Synthetic II
|
36,000,000 | 3,000,000 | ||||||
Apidos II
|
32,000,000 | 2,000,000 | ||||||
Apidos IV
|
27,000,000 | 1,000,000 | ||||||
Apidos Quattro
|
25,500,000 | 1,000,000 | ||||||
Total Direct Equity Investments in CDOs
|
254,300,000 | 14,950,000 |
Investment in CDOs Through
Trapeza Partnership
|
Total Partnership Capital
Allocated to CDO
|
RFFM Share of
Partnership Cap
|
% Owned
|
|||||||||
Trapeza III
|
18,032,100 | 1,100,000 | 6.10 | |||||||||
Trapeza IV
|
7,542,600 | 380,000 | 5.04 | |||||||||
Trapeza V
|
8,300,100 | 1,100,000 | 13.25 | |||||||||
Total Investments in CDOs
|
33,874,800 | 2,580,000 | 7.62 |
RESOURCE AMERICA | Authorized Shares / Units / % Interests |
Shares / Units /
% Interests Issued
|
||||||
Preferred Stock
|
1,000,000 | 0 | ||||||
Common Stock
|
49,000,000 | 19,647,622 | ||||||
Apidos Capital Management, LLC
|
100 | % | 100 | % | ||||
Ischus Capital Management, LLC
|
100 | % | 100 | % | ||||
RAI Ventures, Inc.
|
1,000 | 100 | ||||||
RCP Financial, LLC
|
100 | % | 100 | % | ||||
Resource Capital Manager, Inc.
|
1,000 | 1,000 | ||||||
Resource Capital Investor, Inc.
|
1,000 | 1,000 | ||||||
Resource Capital Partners, Inc.
|
1,000 | 100 | ||||||
Resource Financial Institutions Group, Inc.
|
1,000 | 1,000 | ||||||
Resource Financial Fund Management, Inc.
|
1,000 | 100 | ||||||
Resource Housing Investors I, Inc.
|
1,000 | 100 | ||||||
Resource Housing Investors II, Inc.
|
1,000 | 100 | ||||||
Resource Housing Investors III, Inc.
|
1,000 | 100 | ||||||
Resource Housing Investors IV, Inc.
|
1,000 | 100 | ||||||
Resource Leasing, Inc.
|
1,000 | 100 | ||||||
Resource Programs, Inc.
|
100 | 100 | ||||||
Resource Properties XVII, Inc.
|
1,000 | 100 | ||||||
Resource Properties XXV, Inc.
|
1,000 | 100 | ||||||
Resource Properties XXVI, Inc.
|
1,000 | 100 | ||||||
Resource Properties XXX, Inc.
|
1,000 | 100 | ||||||
Resource Properties XXXI, Inc.
|
1,000 | 100 | ||||||
Resource Properties XLVII, Inc.
|
1,000 | 100 | ||||||
Resource Real Estate, Inc.
|
1,000 | 100 | ||||||
Resource Real Estate Funding, Inc.
|
1,000 | 1,000 | ||||||
Resource Real Estate Holdings, Inc.
|
1,000 | 100 | ||||||
Resource Real Estate Management, LLC
|
100 | % | 100 | % | ||||
RRE1 Duraleigh Member, LLC
|
100 | % | 100 | % | ||||
RRE2 Duraleigh Member, LLC
|
100 | % | 100 | % | ||||
RRE Avalon Member, LLC
|
100 | % | 100 | % | ||||
Resource Capital Partners II, LLC
|
100 | % | 100 | % | ||||
RRE Leaseco, LLC
|
100 | % | 100 | % | ||||
Resource Capital Markets, Inc.
|
1,000 | 1,000 | ||||||
RRE D2R2 2007-1, LLC
|
100 | % | 100 | % | ||||
RRE Investor, LLC
|
100 | % | 100 | % | ||||
Resource Real Estate Management, Inc.
|
1,000 | 1,000 | ||||||
Resource Securities, Inc., F/K/A Chadwick Securities, Inc.
|
1,000 | 1,000 | ||||||
Resource Europe Management Limited
|
1 | 1 | ||||||
Resource RSI Phase I, LLC
|
100 | % | 100 | % | ||||
Resource RSI Phase II, LLC
|
100 | % | 100 | % | ||||
RCP Nittany Pointe Manager, Inc.
|
1,000 | 100 | ||||||
RCP Fountains GP, Inc.
|
1,000 | 100 | ||||||
RCP Avalon Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Falls at Duraleigh Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Sage Canyon Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Cuestas Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Holdco I Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Reserves Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Foxglove Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Santa Fe Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Regents Center Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Highland Lodge Manager, Inc.
|
1,000 | 1,000 |
RCP Grove Manager, LLC
|
100 | % | 100 | % | ||||
RCP Howell Bridge Manager, Inc.
|
1,000 | 1,000 | ||||||
RCP Heritage Lake Manager, LLC
|
100 | % | 100 | % | ||||
RCP Westchase Wyndham Manager, LLC
|
100 | % | 100 | % | ||||
RCP Pear Tree Manager, LLC
|
100 | % | 100 | % | ||||
RCP Wind Tree Manager, LLC
|
100 | % | 100 | % | ||||
RCP Chenal Brightwaters Manager, LLC
|
100 | % | 100 | % | ||||
Resource Asset Management, LLC
|
30,000,000 | 22,500,000 | ||||||
LEAF Asset Management, LLC
|
100 | % | 100 | % | ||||
FLI Holdings, Inc.
|
1,000 | 100 | ||||||
LEAF Financial Corporation
|
10,000,000 | 8,500,000 | ||||||
LEAF Funding, Inc.
|
1,000 | 1,000 | ||||||
Resource Capital Funding II, LLC
|
100 | % | 100 | % | ||||
LEAF Ventures, LLC
|
100 | % | 100 | % | ||||
Merit Capital Manager, LLC
|
100 | % | 100 | % | ||||
Merit Capital Advance, LLC
|
100 | % | 100 | % | ||||
Resource Commercial Mortgages, Inc.
|
1,000 | 100 | ||||||
RCP Magnolia Manager, LLC
|
100 | % | 100 | % | ||||
RCP West Wind Manager, LLC
|
100 | % | 100 | % | ||||
RCP Ryan’s Crossing Manager, LLC
|
100 | % | 100 | % | ||||
RCP Memorial Towers Manager, LLC
|
100 | % | 100 | % | ||||
RCP Villas Manager, LLC
|
100 | % | 100 | % | ||||
RCP Coach Lantern Manager, LLC
|
100 | % | 100 | % | ||||
RCP Foxcroft Manager, LLC
|
100 | % | 100 | % | ||||
RCP Tamarlane Manager, LLC
|
100 | % | 100 | % | ||||
RCP Park Hill Manager, LLC
|
100 | % | 100 | % | ||||
RCP Bent Oaks Manager, LLC
|
100 | % | 100 | % | ||||
RCP Cape Cod Manager, LLC
|
100 | % | 100 | % | ||||
RCP Woodland Hills Manager, LLC
|
100 | % | 100 | % | ||||
RCP Woodhollow Manager, LLC
|
100 | % | 100 | % | ||||
Merit Processing, LLC
|
100 | % | 100 | % | ||||
LEAF Ventures II, LLC
|
100 | % | 100 | % | ||||
Prompt Payment, LLC
|
100 | % | 100 | % | ||||
LEAF Commercial Finance Fund, LLC
|
100 | % | 100 | % | ||||
RRE Oak Park Leaseco, LLC
|
100 | % | 100 | % | ||||
Apidos Select Corporate Credit Fund GP, LLC
|
100 | % | 100 | % | ||||
RRE Wyndridge Holdings, LLC
|
100 | % | 100 | % | ||||
RCP Wyndridge Manager, LLC
|
100 | % | 100 | % | ||||
RRE Mill Creek Holdings, LLC
|
100 | % | 100 | % | ||||
RCP Mill Creek Manager, LLC
|
100 | % | 100 | % | ||||
Resource Income Advisors, Inc.
|
1,000 | 1,000 | ||||||
Torsion Capital, LLC
|
1,000 | 1,000 | ||||||
Torsion Advisors, LLC
|
1,000 | 1,000 | ||||||
Parkwin Services, LLC
|
100 | % | 100 | % | ||||
Resource Real Estate Opportunity Advisors, LLC
|
100 | % | 100 | % | ||||
Walnut Street Investments, LLC
|
100 | % | 100 | % | ||||
Apidos Partners, Inc.
|
1,000 | 1,000 | ||||||
Resource Real Estate Opportunity Manager, LLC
|
100 | % | 100 | % |
December 31,
|
September 30,
|
|||||||
2011
|
2011
|
|||||||
Receivables from managed entities and related parties, net:
|
||||||||
Commercial finance investment partnerships
|
$ | 27,765 | $ | 29,725 | ||||
Real estate investment partnerships
|
20,182 | 19,796 | ||||||
Financial fund management investment entities
|
2,725 | 2,652 | ||||||
RCC
|
3,416 | 2,539 | ||||||
LEAF
|
101 | − | ||||||
Other
|
159 | 103 | ||||||
Receivables from managed entities and related parties
|
$ | 54,348 | $ | 54,815 | ||||
Payables due to managed entities and related parties, net:
|
||||||||
Real estate investment entities
|
$ | 241 | $ | 1,010 | ||||
RCC
|
34 | 222 | ||||||
Payables to managed entities and related parties
|
$ | 275 | $ | 1,232 |
Three Months Ended
|
||||||||
December 31,
|
||||||||
2011
|
2010
|
|||||||
Fees from unconsolidated investment entities:
|
||||||||
Real Estate
|
$ | 3,768 | $ | 3,060 | ||||
Financial Fund Management
|
$ | 850 | $ | 1,594 | ||||
Commercial finance
|
$ | − | $ | − | ||||
RCC:
|
||||||||
Management, incentive and servicing fees
|
$ | 3,830 | $ | 3,910 | ||||
Reimbursement of costs and expenses
|
$ | 705 | $ | 468 | ||||
Dividends
|
$ | 631 | $ | 611 | ||||
Resource Real Estate Opportunity REIT, Inc.. − reimbursement of costs
and expenses
|
$ | 105 | $ | 443 | ||||
Atlas Energy − reimbursement of net costs and expenses
|
$ | 169 | $ | 190 | ||||
LEAF:
|
||||||||
Reimbursement of net costs and expenses
|
$ | 60 | $ | − | ||||
Payment for rent and related costs
|
$ | (120 | ) | $ | − | |||
Payment for sub-servicing the lease investment partnerships
|
$ | (405 | ) | $ | − | |||
1845 Walnut Associates Ltd - payment of rent and operating expenses
|
$ | (106 | ) | $ | (161 | ) | ||
Ledgewood P.C. – payment for legal services
|
$ | (155 | ) | $ | (41 | ) | ||
Graphic Images, LLC – payment for printing services
|
$ | (8 | ) | $ | (5 | ) | ||
9 Henmar LLC – payment of broker/consulting fees
|
$ | (18 | ) | $ | (21 | ) | ||
The Bancorp, Inc. − reimbursement of costs and expenses
|
$ | 45 | $ | − |
Name of Corporation
|
State of Inc.
|
Class of Stock
|
Certificate No.
|
Number of Shares
|
Pledgor
|
Resource Capital Corp.
|
MD
|
Common
|
CUSIP
76120W203
76120W906
|
100,000
11,349
|
Resource Capital Manager, Inc.
|
Resource Capital Corp.
|
MD
|
Common
|
RCC-284
RCC-296
RCC-297
RCC-359
RCC-363
RCC-383
RCC-497
RCC-632
RCC-615
RCC-690
RCC-728
RCC-736
RCC-743
RCC-769
RCC-771
RCC-775
|
5,738
2,086
6,252
9,960
11,349
26,194
17,839
42,239
26,097
143,334
73,815
124,688
53,490
4,482
29,808
45,938
|
Resource Capital Manager, Inc.
|
Resource Capital Corp.
|
MD
|
Common
|
CUSIP
7612W203
|
900,000
|
Resource Capital Investor, Inc.
|
Resource Capital Corp.
|
MD
|
Common
|
200,000
|
Resource Capital Investor, Inc.
|
|
Resource Capital
Manager, Inc.
|
DE
|
Common
|
1
|
1,000
|
Resource Financial Fund
Management, Inc.
|
Resource Financial
Institutions Group, Inc.
|
DE
|
Common
|
1
|
1,000
|
Resource Financial Fund
Management, Inc.
|
Resource Real Estate
Funding, Inc.
|
DE
|
Common
|
1
|
1,000
|
Resource Real Estate, Inc.
|
Resource Capital Partners, Inc.
|
DE
|
Common
|
3
|
100
|
Resource Real Estate, Inc.
|
Resource Real Estate, Inc.
|
DE
|
Common
|
1
|
1,000
|
Resource Real Estate
Holdings, Inc.
|
Resource Real Estate
Management, Inc.
|
DE
|
Common
|
1
|
1,000
|
Resource Capital Partners, Inc.
|
Resource Capital
Markets, Inc.
|
DE
|
Common
|
1
|
1,000
|
RAI Ventures, Inc.
|
Name of Partnership
|
Type of
Partnership
|
Partnership
Interests Pledged
|
Percentage
of Pledged
Units
|
Percentage of
Total
|
Pledgor
|
Trapeza Partners L.P.
|
Limited
|
13,512,261
|
100%
|
50.8
|
Resource Financial Fund Management, Inc.
|
Trapeza Partners II L.P.
|
Limited
|
12,951,000
|
100%
|
33.5
|
Resource Financial Fund Management, Inc.
|
Trapeza Partners III L.P.
|
Limited
|
1,100,000
|
100%
|
6.10
|
Resource Financial Fund Management, Inc.
|
Trapeza Partners IV L.P.
|
Limited
|
380,000
|
100%
|
5.04
|
Resource Financial Fund Management, Inc.
|
Trapeza Partners V L.P.
|
Limited
|
1,100,000
|
100%
|
13.25
|
Resource Financial Fund Management, Inc.
|
Compass Island Partners, L.P.
|
Limited
|
1,743,472
|
100%
|
10.0
|
Resource Financial Fund Management, Inc.
|
Compass Island Partners A, L.P.
|
Limited
|
1,965,442
|
100%
|
10.0
|
Resource Financial Fund Management, Inc.
|
Cradle Cove Partners, L.P.
|
Limited
|
1,182,408
|
100%
|
10.7
|
Resource Financial Fund Management, Inc.
|
Cradle Cove Partners II, L.P.
|
Limited
|
737,315
|
100%
|
5.8
|
Resource Financial Fund Management, Inc.
|
Cradle Cove Investment Opportunities Fund, L.P.
|
Limited
|
214,400
|
100%
|
5.7
|
Resource Financial Fund Management, Inc.
|
Compass Island Investment Opportunities Fund A, L.P.
|
Limited
|
1,000
|
100%
|
0.1
|
Resource Financial Fund Management, Inc.
|
Compass Island Investment Opportunities Fund C, L.P.
|
Limited
|
1,000
|
100%
|
0.1
|
Resource Financial Fund Management, Inc.
|
RCP Partners, LP
|
Limited
|
0
|
100%
|
99.0
|
Resource Programs, Inc.
|
Resource Real Estate Investors, L.P.
|
Limited
|
95,138.89
|
100%
|
11.50
|
Resource Capital Partners, Inc.
|
Resource Real Estate Investors II, L.P.
|
Limited
|
92,264.21
|
100%
|
6.43
|
Resource Capital Partners, Inc.
|
Resource Real Estate Investors III, L.P.
|
Limited
|
186,375.90
|
100%
|
7.40
|
Resource Capital Partners, Inc.
|
Resource Real Estate Investors IV, L.P.
|
Limited
|
163,954.08
|
100%
|
5.53
|
Resource Capital Partners, Inc.
|
Resource Real Estate Investors V, L.P.
|
Limited
|
220,825.89
|
100%
|
6.28
|
Resource Capital Partners, Inc.
|
Resource Real Estate Investors 6, L.P.
|
Limited
|
204,678.36
|
100%
|
5.73
|
Resource Capital Partners, Inc.
|
Resource Real Estate Investors 7, L.P.
|
Limited
|
180,768.33
|
100%
|
5.53
|
Resource Capital Partners, Inc.
|
The Metropolitan Fund: Dover Pension Investors – 1986
|
Limited
|
7,000
|
100%
|
7.00
|
Resource Properties XXV, Inc.
|
Name of Limited Liability
Company
|
State of Org.
|
Class of
Membership
Interests
|
Percentage
Voting
Interest
|
Percentage
Economic
Interest
|
Pledgor
|
Resource Real Estate Management, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Capital Partners, Inc.
|
Apidos Capital Management, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Financial Fund Management, Inc.
|
Ischus Capital Management, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Financial Fund Management, Inc.
|
Trapeza Capital Management, LLC
|
DE
|
Voting
|
50%
|
50%
|
Resource Financial Fund Management, Inc.
|
Trapeza Funding, LLC
|
DE
|
Voting
|
50%
|
50%
|
Resource Financial Fund Management, Inc.
|
Trapeza Funding II, LLC
|
DE
|
Voting
|
50%
|
50%
|
Resource Financial Fund Management, Inc.
|
Trapeza Funding III, LLC
|
DE
|
Voting
|
50%
|
50%
|
Resource Financial Fund Management, Inc.
|
Trapeza Funding IV, LLC
|
DE
|
Voting
|
50%
|
50%
|
Resource Financial Fund Management, Inc.
|
Trapeza Funding V, LLC
|
DE
|
Voting
|
50%
|
50%
|
Resource Financial Fund Management, Inc.
|
Trapeza TPS, LLC
|
DE
|
Voting
|
50%
|
50%
|
Resource Financial Fund Management, Inc.
|
Trapeza Management Group, LLC
|
DE
|
Voting
|
33.3%
|
33.3%
|
Resource Financial Fund Management, Inc.
|
RCP Financial LLC
|
PA
|
Voting
|
100%
|
100%
|
Resource Programs, Inc.
|
RRE Leaseco, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Real Estate, Inc.
|
Walnut Street Investments, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Capital Partners II, LLC
|
Resource Capital Partners II, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Real Estate, Inc.
|
RRE Investor, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Capital Partners II, LLC
|
RRE D2R2 2007-1, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Real Estate, Inc.
|
RRE HUD MF 2007, LLC
|
DE
|
Voting
|
50%
|
5%
|
RRE D2R2 2007-1, LLC
|
Resource Real Estate Opportunity Advisor, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Real Estate, Inc.
|
Resource Real Estate Opportunity Manager, LLC
|
DE
|
Voting
|
100%
|
100%
|
Resource Real Estate, Inc.
|
Name of LLC
|
State of Org.
|
Interest
|
Certificate /
Note Number
|
Dollar Amount /
Preferred Shares
|
Pledgor
|
Trapeza CDO IX, Ltd.
|
Cayman Islands
|
Sub Notes
|
R-l
|
$1,000,000
|
Resource Financial Fund Management, Inc.
|
Trapeza CDO X, Ltd.
|
Cayman Islands
|
Sub Notes
|
R-29
|
$2,500,000
|
Resource Financial Fund Management, Inc.
|
Trapeza CDO XII, Ltd.
|
Cayman Islands
|
Sub Notes
|
R-3
|
$950,000
|
Resource Financial Fund Management, Inc.
|
Trapeza CDO XIII, Ltd.
|
Cayman Islands
|
Sub Notes
|
R-2
|
$2,500,000
|
Resource Financial Fund Management, Inc.
|
Ischus CDO I Ltd.
|
Cayman Islands
|
Preference Shares
|
R-4
|
500 Preference Shares
|
Resource Financial Fund Management, Inc.
|
Ischus High Grade
Funding I Ltd.
|
Cayman Islands
|
Preference Shares
|
R-1
|
3,150 Preference Shares
|
Resource Financial Fund Management, Inc.
|
Ischus Mezzanine
CDO III, Ltd.
|
Cayman Islands
|
Preference Shares
|
C-l
|
2,000 Preference Shares
|
Resource Financial Fund Management, Inc.
|
Ischus Synthetic ABS
CDO 2006-2 Ltd.
|
Cayman Islands
|
Preference Shares
|
004
|
3,000,000 Preference Shares
|
Resource Financial Fund Management, Inc.
|
Apidos CDO II
|
Cayman Islands
|
Sub Notes
|
DTC
|
$2,000,000
|
Resource Financial Fund Management, Inc.
|
Apidos CDO IV
|
Cayman Islands
|
Sub Notes
|
C-l
|
$1,000,000
|
Resource Financial Fund Management, Inc.
|
Apidos Quattro CDO
|
Cayman Islands
|
Sub Notes
|
C-l
|
$1,000,000
|
Resource Financial Fund Management, Inc.
|
Ischus Mezzanine
CDO IV, Ltd.
|
Cayman Islands
|
Sub Notes
|
C-l
|
$1,800,000
|
Resource Financial Fund Management, Inc.
|
HG-COLL 2007-1 Ltd.
|
Cayman Islands
|
Preference Shares
|
004
|
1,000,000 Preference Shares
|
Resource Financial Fund Management, Inc.
|
|
a.
|
No Default. No Default or Event of Default exists.
|
|
b.
|
SPA. Borrower has delivered to Agent true and correct copies of the SPA and all amendments or modifications thereto and the SPA constitutes the valid binding and enforceable obligation of the parties thereto.
|