In December 2006, Residential Credit Solutions LLC, a newly formed residential mortgage investment and servicing company, received $125_million of private equity commitments from a group of investor led by Equifin Capital Partners of New York.

Equifin and a management team led by mortgage industry executive Dennis Stowe formed Residential Credit Solutions LLC. Dennis Stowe, CEO of Residential Credit Solutions LLC, was formerly President and Chief Operating Officer of Saxon Capital Inc.

Colonnade Advisors LLC served as exclusive financial advisor to the management team of Residential Credit Solutions.