Richard Trepp, a well-known and prominent authority in the field of structured finance, has been providing the Commercial Real Estate market with non-partisan expertise, software, data and analytics since 1979.
Rick is the Founder of Trepp, LLC, the recognized industry standard provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, and remained a board member and senior advisor to the company after its sale in 2004 to DMG Information until 2017. In 2002 Rick formed Rockport PA, LLC to provide a SaaS solution for commercial mortgage loan origination, underwriting, asset management and securitization.
Leveraging the product strength and market positioning of both Trepp, LLC and Rockport, in January 2011 Rick established a joint venture with Trepp, ‘TreppPort,’ a web-based lending, surveillance and asset management platform that enmeshes client internal portfolios with Trepp’s CMBS dataset, to manage CRE lending and investment activities; and identify and manage risk across their entire CRE exposure.
Rick also created the first Collateralized Mortgage Obligation (CMO) Information Service in a joint venture with the Public Securities Association in 1986.
Recognizing the need at the property level for a cash flow analysis/valuation platform leveraging current technology, Rick formed ‘Rockport VAL’ in 2017.
Rick holds an M.B.A. with honors from The Amos Tuck School at Dartmouth College and a B.A. from Dartmouth College.
Leo Budin relies on his more than 20 years of experience in CRE, structured finance and residential mortgage technology as Rockport VAL’s chief technology officer and system architect.
Leo began his career in 1993 in BlackRock’s financial analytics group. He later ran technology for mortgage sales and trading at Greenwich Capital Markets and worked on a structured products team at Wachovia Capital Markets. Leo was most recently CTO at FirstKey Mortgage, where he managed residential and commercial lending technology.
Leo earned an MBA and a bachelor’s degree in software engineering from the University of Connecticut and a master’s in computer science from Rensselaer Polytechnic Institute.
Brian Mascis is the Chief Revenue Officer at Rockport VAL, LLC. Brian has over 20 years of commercial real estate transactional experience.
Prior to joining Rockport VAL in February 2018, Mr. Mascis was a Managing Director and Head of CMBS Credit at Allegiant Real Estate Capital. He held the same role at FirstKey Lending. Prior to joining FirstKey in 2013, Mr. Mascis was an Associate Director at Macquarie Investments US, a subsidiary of the Macquarie Group where he was responsible for the identification and evaluation of commercial real estate debt securities investments. Before joining Macquarie in 2010, Mr. Mascis worked for the Ruben Companies, where he was responsible for sourcing and evaluating commercial real estate equity and debt investment opportunities in Boston, Washington D.C. and New York. Before joining the Ruben Companies in 2009, Mr. Mascis worked at J.P. Morgan and Bear Stearns in the CRE Finance Group from 2004 to 2009, Westdeutsche ImmobilienBank from 2000 to 2004 and PricewaterhouseCoopers from 1997-2000.
Mr. Mascis graduated from Fairfield University in 1997 with a bachelor’s degree in Finance.