State Support Includes $1.5 Million in Performance-Based Tax Credits for Job Creation and Retention
Company Will Double Manhattan Office Footprint and Invest $12.5 Million in R&D
Expansion Reinforces New York's Position as Global Finance and Technology Capital
Empire State Development (ESD) today announced that Roc360, a tech-enabled asset-based finance and investment management platform that provides financing for residential real estate investment, will expand its New York City headquarters at 645 Madison Avenue. The expansion, supported by up to $1.5 million in performance-based Excelsior Jobs Program tax credits, will double the company's Manhattan office space and create 60 net new full-time jobs. The project underscores New York's competitive strength in attracting and growing innovative financial technology companies.
Empire State Development President, CEO and Commissioner Hope Knight said, "Roc360’s expansion in Manhattan reflects New York’s position as a global center of innovation, where finance, technology, and entrepreneurship converge. By deepening their investment here, Roc360 is advancing the next generation of technology-driven financial services that support business growth and economic opportunity. Their decision to grow in New York underscores the strength of our ecosystem—one that continues to attract companies redefining industries and creating high-quality jobs across the state."
Roc360 Co-Founder and CEO Maksim Stavinsky said, “New York City has always been the foundation of Roc360’s story — a place that embodies ambition, resilience, and innovation. Our expansion here is a reaffirmation of our long-term commitment to the city, its people, and its role as a global hub for finance, technology and innovation. We’re proud to keep growing where our journey began.”
Founded in 2014, Roc360 operates a vertically integrated financial services platform for residential real estate investment lending. The company employs more than 400 people across four continents and has financed more than $18 billion in residential real estate investment properties. Its proprietary platform enables the sourcing, underwriting, and management of residential investment property loans at scale, connecting professional property investors with institutional capital through automated workflows, real-time servicing capabilities, and data-driven decision-making. Roc360 supports independent investors, small businesses, and entrepreneurs engaged in acquiring, renovating, and revitalizing housing.
As part of the project, Roc360 will lease an additional 6,900 square feet on the 18th floor of its current Madison Avenue headquarters. The $1.4 million capital investment will support design, planning, renovations, furniture and fixtures, and technology infrastructure, with build-out expected to be completed by the end of 2025. The project will create 60 new full-time positions across a mix of functions including software engineering, AI and data science, financial services, operations, marketing, and specialized functions such as insurance, appraisals, and loan administration.
To advance its technology platform, Roc360 has also committed to investing $12.5 million in research and development over the next five years. This investment will strengthen the company’s core analytics engine, which integrates proprietary technology, over a decade of borrower and property data, and advanced machine learning tools for automated underwriting and process optimization. The platform powers Roc360’s suite of brands—Roc Capital, Finance of America Commercial, CIVIC Financial Services, Elmsure Insurance, Tamarisk Appraisals and Roc360 Advisors, the company’s investment management division—delivering end-to-end solutions across the real estate investment lifecycle.
Roc360's decision to expand in Manhattan underscores the strength of New York City's fintech sector and the broader technology ecosystem. With access to world-class financial and engineering talent, deep pools of institutional capital, a robust network of financial services institutions, and an unmatched entrepreneurial culture, New York offers the ideal environment for fintech companies to scale and innovate. Expansions by high-growth firms alongside new investments from established players across finance and technology, continue to reinforce this momentum. Roc360's commitment to growing its operations and R&D capabilities in New York City reinforces the region's role as the heart of financial innovation, where technology-driven companies are building the digital infrastructure that connects capital markets with real estate entrepreneurs across America.
About Empire State Development
Empire State Development is New York's chief economic development agency, and promotes business growth, job creation, and greater economic opportunity throughout the state. With offices in each of the state's 10 regions, ESD oversees the Regional Economic Development Councils, supports broadband equity through the ConnectALL office, and is growing the workforce of tomorrow through the Office of Strategic Workforce Development. The agency engages with emerging and next generation industries like clean energy and semiconductor manufacturing looking to grow in New York State, operates a network of assistance centers to help small businesses grow and succeed, and promotes the state's world class tourism destinations through I LOVE NY. For more information, please visit esd.ny.gov, and connect with ESD on LinkedIn, Facebook and X.
About Roc360
Founded in 2014, Roc360 is a vertically integrated financial services platform, specializing in residential real estate investment loans for professional investors. Headquartered in New York City, Roc360 organically originated and acquired brands which collectively funded over $30 billion in loans through its comprehensive suite of financial solutions, which include underwriting, servicing, insurance, and risk management. Roc360 is dedicated to empowering real estate investors with scalable, data-driven capital solutions.
Contact:
ESD Press Office | [email protected] | (800) 260-7313
Emily Mijatovic | [email protected] | (212) 803-3692