Investor profile - NC
Richard Wallace
Richard Wallace is a real estate investor and operator based in Wilmington, NC. Public filings show activity across 10 properties held through 2 holding companies. Recent mortgage relationships include Corning Federal Credit Union, Bank OZK, and PENSCO TRUST.
Richard's Activity
As of December 2025, public records show approximately $41.2M in recorded mortgage exposure linked to this investor across at least 71 mortgage filings and 10 properties held through 2 holding companies. Activity appears concentrated in residential and vacant assets recorded between 2010 and 2025.
Associated People
Primary Geography
Wilmington, NC
ZIP codes: 28428, 28429, 27243, 27379, and 27603
Most recorded activity for this investor appears in CAROLINA BEACH, CASTLE HAYNE, EFLAND, YANCEYVILLE, and RALEIGH.
Property Type Breakdown
Associated Entities (2)
NC · 4 properties · 65 mortgages
NC · 2 properties · 6 mortgages
Mortgages (71)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 09/16/2025 | $500k | Open | Corning Federal Credit Union | RICHARD WALLACE BUILDER INC | 3313 SHELTER SOUND CT, WILMINGTON, NC 28409 |
| 09/16/2025 | $500k | Open | Corning Federal Credit Union | RICHARD WALLACE BUILDER INC | 3313 SHELTER SOUND CT, WILMINGTON, NC 28409 |
| 06/09/2025 | $600k | Open | Corning Federal Credit Union | RICHARD WALLACE BUILDER INC | 606 FAYETTEVILLE AVE, CAROLINA BEACH, NC 28428 |
+68 more not shown
Owned Properties (10)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 309 JENOA DR, CASTLE HAYNE, NC 28429 | RICHARD WALLACE BUILDER INC | Owns - 4.3 yrs | $108k |
| 7500 MASONBORO SOUND RD, WILMINGTON, NC 28409 | KATHERINE MEYER | Owns - 5.1 yrs | $900k |
| 1310 SNAPPER LN, CAROLINA BEACH, NC 28428 | RICHARD WALLACE BUILDER INC | Owns - 5.1 yrs | $450k |
+7 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in residential and vacant properties across Wilmington, NC.
What companies is Richard Wallace associated with?
Richard Wallace is associated with 2 entities based on extracted signatures from public records. Key entities include RICHARD WALLACE BUILDER INC and REW LAND LLC.
How many properties are associated with this investor?
At least 10 properties are associated with Richard Wallace and the entities they control, based on signatures extracted from recorded documents connecting Richard Wallace to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Corning Federal Credit Union, Bank OZK, and PENSCO TRUST, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2010 through 2025, with the most recent mortgage recorded in 2025.
How is associated activity determined?
Elementix uses AI to extract signatures from recorded documents. These signatures are used to determine the relationships between people and entities. This is a novel approach that goes beyond looking at corporate filings and skip-tracing.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities. Any contact indicators shown (such as email domain references or partial phone digits) are provided solely as unverified signals and may be incomplete or outdated.
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