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|   |  NAME OF SUBSIDIARIES                                  |   |  STATE OF INCORPORATION |   |
|--------|-------------------------------------------------------------|--------|------------------------------|--------|
|   | Resource Financial Fund Management, Inc.                    |   | Delaware                     |   |
|   | Resource Income Advisors, Inc.                              |   | Delaware                     |   |
|   | Torsion Capital, Inc.                                       |   | Delaware                     |   |
|   | Torsion Advisors, Inc.                                      |   | Delaware                     |   |
|   | Trapeza Capital Management, LLC                             |   | Delaware                     |   |
|   | Trapeza Manager, Inc.                                       |   | Delaware                     |   |
|   | Trapeza Funding, LLC                                        |   | Delaware                     |   |
|   | Trapeza Funding II, LLC                                     |   | Delaware                     |   |
|   | Trapeza Funding III, LLC                                    |   | Delaware                     |   |
|   | Trapeza Funding IV, LLC                                     |   | Delaware                     |   |
|   | Trapeza Funding V, LLC                                      |   | Delaware                     |   |
|   | Trapeza TPS, LLC                                            |   | Delaware                     |   |
|   | Trapeza Management Group, LLC                               |   | Delaware                     |   |
|   | Ischus Capital Management, LLC                              |   | Delaware                     |   |
|   | Apidos Capital Management, LLC                              |   | Delaware                     |   |
|   | Apidos Select Corporate Credit Fund GP, LLC                 |   | Delaware                     |   |
|   | Apidos Partners, Inc.                                       |   | Delaware                     |   |
|   | Resource Financial Institutions Group, Inc.                 |   | Delaware                     |   |
|   | Resource Capital Manager, Inc.                              |   | Delaware                     |   |
|   | RAI Ventures, Inc.                                          |   | Delaware                     |   |
|   | Resource Securities, Inc. (f/k/a Chadwick Securities, Inc.) |   | Delaware                     |   |
|   | Resource Europe Management Limited                          |   | United Kingdom               |   |
|   | Resource Capital Markets, Inc.                              |   | Delaware                     |   |
|   | Resource Capital Investor, Inc.                             |   | Delaware                     |   |
|   | Resource Leasing, Inc.                                      |   | Delaware                     |   |
|   | FLI Holdings, Inc.                                          |   | Delaware                     |   |
|   | LEAF Financial Corporation                                  |   | Delaware                     |   |
|   | LEAF Commercial Capital, Inc.                               |   | Delaware                     |   |
|   | LEAF Capital Funding LLC                                    |   | Delaware                     |   |
|   | LEAF Capital Funding SPE A, LLC                             |   | Delaware                     |   |
|   | LEAF Receivables Funding 3, LLC                             |   | Delaware                     |   |
|   | LEAF Funding SPE 1, LLC                                     |   | Delaware                     |   |
|   | Commerce Square Insurance Services, LLC                     |   | Delaware                     |   |
|   | Commerce Square Equipment Reinsurance Co., Ltd.             |   | Turks & Caicos Islands   |   |
|   | LEAF Ventures, LLC                                          |   | Delaware                     |   |
|   | Merit Capital Manager, LLC                                  |   | Delaware                     |   |
|   | Merit Capital Advance, LLC                                  |   | Delaware                     |   |
|   | Merit Processing, LLC                                       |   | Delaware                     |   |
|   | LEAF Ventures II, LLC                                       |   | Delaware                     |   |
|   | Prompt Payment, LLC                                         |   | Delaware                     |   |
|   | LEAF Funding, Inc.                                          |   | Delaware                     |   |
|   | Resource Capital Funding II, LLC                            |   | Delaware                     |   |
|   | Resource Asset Management, LLC                              |   | Delaware                     |   |
|   | LEAF Asset Management, LLC                                  |   | Delaware                     |   |
|   | LEAF Receivables Funding 7, LLC                             |   | Delaware                     |   |

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|   | Financial Servicing, LLC                        |   | Delaware |   |
|--------|-------------------------------------------------|--------|----------|--------|
|   | Resource Real Estate Holdings, Inc.             |   | Delaware |   |
|   | Resource Real Estate, Inc.                      |   | Delaware |   |
|   | Resource Capital Partners, Inc.                 |   | Delaware |   |
|   | Resource Real Estate Management, LLC            |   | Delaware |   |
|   | Resource Real Estate Investors UK 6 Corporation |   | Delaware |   |
|   | Resource Capital Partners II, LLC               |   | Delaware |   |
|   | RRE Investor, LLC                               |   | Delaware |   |
|   | Walnut Street Investments, LLC                  |   | Delaware |   |
|   | Resource Real Estate Funding, Inc.              |   | Delaware |   |
|   | Parkwin Services, LLC                           |   | Delaware |   |
|   | RRE Leasco, LLC                                 |   | Delaware |   |
|   | RRE Oak Park Leaseco, LLC                       |   | Delaware |   |
|   | Resource Real Estate Management, Inc.           |   | Delaware |   |
|   | RRE D2R2 2007-1, LLC                            |   | Delaware |   |
|   | Resource Real Estate Opportunity Advisor, LLC   |   | Delaware |   |
|   | Resource Real Estate Opportunity Manager, LLC   |   | Delaware |   |
|   | RCP Westchase Wyndham Manager, LLC              |   | Delaware |   |
|   | RCP Pear Tree Manager, LLC                      |   | Delaware |   |
|   | RCP Wind Tree Manager, LLC                      |   | Delaware |   |
|   | RCP Falls at Duraleigh Manager, Inc.            |   | Delaware |   |
|   | RCP Sage Canyon Manager, Inc.                   |   | Delaware |   |
|   | RCP Cuestas Manager, Inc.                       |   | Delaware |   |
|   | RCP Chenal Brightwaters Manager, LLC            |   | Delaware |   |
|   | RCP Holdco I Manager, Inc.                      |   | Delaware |   |
|   | RCP Reserves Manager, Inc.                      |   | Delaware |   |
|   | RCP Foxglove Manager, Inc.                      |   | Delaware |   |
|   | RCP Santa Fe Manager, Inc.                      |   | Delaware |   |
|   | RCP Regents Center Manager, Inc.                |   | Delaware |   |
|   | RCP Highland Lodge Manager, Inc.                |   | Delaware |   |
|   | RCP Grove Manager, LLC                          |   | Delaware |   |
|   | RCP Avalon Manager, Inc.                        |   | Delaware |   |
|   | RCP Howell Bridge Manager, Inc.                 |   | Delaware |   |
|   | RCP Heritage Lake Manager, LLC                  |   | Delaware |   |
|   | RCP Magnolia Manager, LLC                       |   | Delaware |   |
|   | RCP West Wind Manager, LLC                      |   | Delaware |   |
|   | RCP Ryan’s Crossing Manager, LLC          |   | Delaware |   |
|   | RCP Memorial Tower Manager, LLC                 |   | Delaware |   |
|   | RCP Villas Manager, LLC                         |   | Delaware |   |
|   | RCP Coach Lantern Manager, LLC                  |   | Delaware |   |
|   | RCP Foxcroft Manager, LLC                       |   | Delaware |   |
|   | RCP Tamarlane Manager, LLC                      |   | Delaware |   |
|   | RCP Park Hill Manager, LLC                      |   | Delaware |   |
|   | RCP Woodland Hills Manager, LLC                 |   | Delaware |   |
|   | RCP Brent Oaks Manager, LLC                     |   | Delaware |   |
|   | RCP Cape Cod Manager, LLC                       |   | Delaware |   |
|   | RCP Woodhollow Manager, LLC                     |   | Delaware |   |
|   | RCP Mill Creek Manager, LLC                     |   | Delaware |   |
|   | RCP Wyndridge Manager, LLC                      |   | Delaware |   |
|   | RCP Waterstone Manager, LLC                     |   | Delaware |   |
|   | RRE West Chase Wyndham TIC, LLC                 |   | Delaware |   |
|   | RRE Chenal Brightwaters TIC, LLC                |   | Delaware |   |
|   | RRE Highland Lodge TIC, LLC                     |   | Delaware |   |

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|   | RRE Regents Center TIC, LLC          |   | Delaware     |   |
|--------|--------------------------------------|--------|--------------|--------|
|   | RRE Heritage Lake TIC, LLC           |   | Delaware     |   |
|   | RRE Bentley Place TIC, LLC           |   | Delaware     |   |
|   | RRE Reserves TIC, LLC                |   | Delaware     |   |
|   | RRE Highland Lodge Manager, Inc.     |   | Delaware     |   |
|   | Resource RSI Phase I, LLC            |   | Delaware     |   |
|   | Resource RSI Phase II, LLC           |   | Delaware     |   |
|   | RSI I Manager, Inc.                  |   | Delaware     |   |
|   | RSI II Manager, Inc.                 |   | Delaware     |   |
|   | Resource Programs, Inc.              |   | Delaware     |   |
|   | RCP Financial, LLC                   |   | Pennsylvania |   |
|   | Resource Properties XVII, Inc.       |   | Delaware     |   |
|   | Resource Properties XXV, Inc.        |   | Delaware     |   |
|   | Resource Properties XXVI, Inc.       |   | Delaware     |   |
|   | Resource Properties XXX, Inc.        |   | Delaware     |   |
|   | Resource Properties XXXI, Inc.       |   | Delaware     |   |
|   | Resource Properties XLVII, Inc.      |   | Delaware     |   |
|   | Resource Properties XLIX, Inc.       |   | Delaware     |   |
|   | Resource Properties 54, Inc.         |   | Delaware     |   |
|   | Resource Commercial Mortgages, Inc.  |   | Delaware     |   |
|   | Resource Housing Investors I, Inc.   |   | Delaware     |   |
|   | Resource Housing Investors II, Inc.  |   | Delaware     |   |
|   | Resource Housing Investors III, Inc. |   | Delaware     |   |
|   | Resource Housing Investors IV, Inc.  |   | Delaware     |   |

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