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Bill is the co-founder of Blue Heel Development. He is a visionary leader with strengths in business development, creative strategy, raising capital, and building great teams. Bill brings to Blue Heel team 25 years of experience in the real estate and finance industries. Prior to Blue Heel, Bill was the co-founder of Carolina Private Lending, a finance company that made high-yield, commercial loans collateralized by residential property throughout North Carolina. During that time, he served on the national board of directors for the American Association of Private Lenders, an industry trade group serving the private lending industry. Prior to Carolina Private Lending, Bill was founder and leader of South Street Funding, a Charlotte based specialty finance company. Founded in 2003, South Street focused on residential asset based lending in North Carolina and South Carolina. Bill began his career in the banking industry with NCNB/NationsBank (now Bank of America). Bill is a graduate of the University of North Carolina at Chapel Hill and lives in Davidson, NC with his wife Holly and their four children.
Kyle is the co-founder of the Blue Heel Development and leads the operations and the underwriting of investment opportunities for the company. He has spent the last 9 years as an investor, founder, and financier of multiple companies and real estate projects. He is known for his strength in underwriting complex transactions and as an evaluator and manager of risk, although Kyle’s passion is as a deal maker setting up companies and positioning resources to make them a success. Prior to Blue Heel, Kyle served as a partner of Carolina Private Lending, managing the underwriting and due diligence of high-yield, commercial loans collateralized by residential property throughout North Carolina. During that time, he was on the board of directors for the American Association of Private Lenders – an industry trade group serving the private lending industry which he helped found in 2009 and which he served as Executive Director until forming Carolina Private Lending. Prior, Mr. Groves was the manager director of underwriting for RBA Capital, a specialty finance company he helped form and setup as a joint venture between the principals and Royal Bank America, a suburban Philadelphia based bank. He began his career as a portfolio analyst and investment analyst at CapitalSource Finance in Chevy Chase, Maryland. Mr. Groves received his B.S.B.A. from Georgetown University’s McDonough School of Business and his MBA from Duke University’s Fuqua School of Business. He resides in Raleigh with his wife and two sons.