Alternative Lenders Step into Traditional FI Territory

In the early 1990s and parts of the 2000s, it was not unusual for Dan Rosman, principal at Rockland-based DTR Corp., to secure traditional financing on distressed properties that he was looking to fix up. The banks were looking to lend and had more autonomy to do so.

Quick Turnaround

Since launching in 2014, Stage Point has lent more than $40 million to 120 local investors, most of whom are contractors, to help them renovate over 250 single and multifamily homes. Banker & Tradesman caught up with Bart Quillen, Stage Point Capital’s COO, to discuss the fund and its progress.