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Richard Deriso

Chief Capital & Development Officer

Richard joined South Coast Commercial, LLC in 2020. He serves as Chief Capital and Development officer, responsible for sourcing new equity relationships and managing capital structure across the South Coast portfolio. Richard began his career as a commercial lender with Bank of North Georgia/Synovus. After obtaining his MBA, Richard joined REL Properties, Inc. where he secured financing for the company’s real estate projects, coordinated all stages of residential lot development and managed the acquisition and disposition of both performing and distressed real estate assets throughout Georgia. Richard later joined BB&T as Vice President of its Asset Resolution Division where he managed a $200 million portfolio of distressed commercial real estate assets acquired from the FDIC. Richard then served at Managing Director of AloStar Bank’s Asset Resolution Group where he was responsible for the management and resolution of a $380 million portfolio of troubled financial assets subject to an FDIC Shared Loss Agreement. Prior to joining South Coast, Richard was a Principal with TPA Group, a private real estate investment and development firm located in Atlanta. He was responsible for the acquisition, management and disposition of the firm’s residential projects as well as coordinating debt and equity across this portfolio. Richard holds a B.S. from Vanderbilt University and an MBA from Emory University. He currently serves on the Corporate Board of Directors for Boys&Girls Clubs of Metro Atlanta.

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