Exhibit 21.1
Subsidiaries of the Registrant
| Subsidiaries | State of Incorporation | |
| RCC Real Estate, Inc. | Delaware | |
| Resource Real Estate Funding 2007-1 CDO Investor, LLC | Delaware | |
| Resource Real Estate Funding CDO 2007-1 Ltd. | Cayman Island | |
| RREF 2007 REO, LLC | Delaware | |
| 415 South Higley Road Arizona, LLC | Delaware | |
| Resource Real Estate Funding CDO 2007-1, LLC | Delaware | |
| Resource Real Estate Funding 2006-1 CDO Investor, LLC | Delaware | |
| Resource Real Estate Funding CDO 2006-1 Ltd. | Cayman Island | |
| RREF 2006 REO, LLC | Delaware | |
| Resource Real Estate Funding CDO 2006-1, LLC | Delaware | |
| RCC Real Estate SPE, LLC | Delaware | |
| RCC Real Estate SPE 2, LLC | Delaware | |
| RCC Real Estate SPE 3, LLC | Delaware | |
| RCC Real Estate SPE 4, LLC | Delaware | |
| RCC Real Estate Acquisition SPE, LLC | Delaware | |
| Ischus II, LLC | Delaware | |
| Lynnfield Member LLC | Delaware | |
| Lynnfield Holdings, LLC | Delaware | |
| 860 VDP Preferred SPE, LLC | Delaware | |
| RCC SLH, LLC | Delaware | |
| RCC Whispertree, LLC | Delaware | |
| RRE VIP Borrower, LLC | Delaware | |
| Resource TRS, Inc. | Delaware | |
| Resource TRS, LLC | Delaware | |
| Resource TRS II, Inc. | Delaware | |
| Resource TRS III, Inc. | Delaware | |
| Apidos CLO VIII | Cayman Islands | |
| Resource Capital Asset Management, LLC | Delaware | |
| Resource TRS IV, Inc. | Delaware | |
| Resource TRS IV, LLC | Delaware | |
| RCC Commercial, Inc. | Delaware | |
| RCC Commercial II, Inc. | Delaware | |
| Apidos CDO I, Ltd. (“TRS”) | Cayman Islands | |
| Apidos CDO III, Ltd., (“TRS”) | Cayman Islands | |
| Apidos Cinco CDO, Ltd (“TRS”) | Cayman Islands | |
| Resource Capital Trust I | Delaware | |
| RCC Trust II | Delaware |