PRC Celebrates 20 Years of Underwriting Excellence

Bethesda, MD, January 23, 2018 –

January 2018 marked William Wrench’s twentieth year at Phillips Realty Capital where he serves as Chief Underwriter. His leadership and record of excellence have helped Phillips to earn the trust of borrowers and lenders alike.

At Phillips Realty Capital, we often say that our people are our “secret sauce.” That is particularly true of our underwriting team, led by William “Bill” Wrench. In his capacity as a principal and our chief underwriter, Bill oversees the underwriting of all transactions submitted to investors.

Phillips CEO Steve Shaw said, “We recognized long ago that proper valuation is critical. You have to get it absolutely right for the deal to work. That’s why we invest heavily on the front end of every transaction. Bill is the quarterback for this process. He sets the clear expectation for excellence and calls the plays.”

That upfront analysis defines the strategy and ultimately the financing options Phillips pursues on behalf of our clients. Precise, thorough, reliable underwriting enables us to execute quality deals for our clients.

Bill recently added a new member to his team. Harmon Handorf is Phillips’s new director of underwriting, working under Bill’s leadership to build on a track record of excellence.

Bill began his career with Phillips in 1998 after a tenure with Thorne Consultants as a Senior Staff Appraiser. In addition to his experience in the real estate appraisal field, he has more than 25 years experience in property and asset management.