Richard Aquilone

Richard Aquilone has 17 years of experience in the residential whole loan market and has purchased in excess of 50 billion in Performing and Non-Performing whole loans in the New York area.

Mr. Aquilone has extensive experience in all aspects of loan workouts, bankruptcy, foreclosure, and REO processes. Richard Aquilone is currently employed by Spurs Capital, LLC. Spurs is a fund manager that specializes in investment opportunities in distressed mortgages. Spurs invests in mainly residential assets including 1st liens, 2nd liens, servicing rights and bank foreclosed properties. Spurs currently has 14 professionals and is headquartered in New York, with an additional office in Denver.

Mr. Aquilone serves as Managing Director and oversees all the Sales and Trading. Prior to joining Spurs Capital, LLC, Richard Aquilone was employed by BenAlon Capital Advisors, LP in 2008 and served as Managing Director and Portfolio Manager of BAC Distressed Mortgage Partners, LP, located in New York.
Mr. Aquilone began his career in 1993 at Franklin Credit Management Corp. as an Asset Manager where he was involved in all aspects of loan workouts, bankruptcy, foreclosure and REO processes from point of acquisition to liquidation. In addition, he was responsible for the due diligence on all potential loan acquisitions.

In 1996, Richard Aquilone joined Bankers Trust Corp. where he completed their Front Line Management Training Program and was an AVP in the Corporate Trust Proof and Control Division where he managed a staff of 15.
In 1998, Mr. Aquilone joined GRP Financial Services (a Sallie Mae Company), as VP of Acquisitions. Richard Aquilone was responsible for the acquisition of Non-Performing Whole Loans and instrumental in building their acquisition platform.
In 2003, Mr. Aquilone joined UBS Investment Bank as a Director of Fixed Income, where he was responsible for co-building the Distressed Residential Mortgage Platform, the Alt A Conduit Flow Platform and sourcing product for the Sub-prime Bulk Acquisitions.

Richard Aquilone holds a BS in Accounting from William Paterson University, an MS in Accounting from St. Peter’s College and an MBA in Business Management from St. Peter’s College, located in Jersey City across from New York. In addition, Mr. Aquilone has held Series 7 & 63 licenses.