Richard McCaleb, a native San Antonian, graduated with honors from the University of Texas with a BA in Real Estate in 1983.
Actively involved in the commercial real estate industry since graduation, Mr. McCaleb started his career as a loan officer with Commerce Savings where he was responsible for originating and servicing multifamily, retail, office and land development loans throughout Texas and the southwest.
Following his employment with Commerce Savings, he joined Ed Flume Investments, a local San Antonio investment and development company that was involved in the development of rural single family large lot developments, infill residential condominium development, small retail development and land syndication.
When the economy fell into a recession in the mid 80’s, opportunities at the company vanished and Mr. McCaleb joined Excel Banc Savings, a Laredo based thrift that was slated to be a surviving entity under the RTC’s Southwest Plan.
At Excel he was responsible for restructuring and servicing an ever-growing portfolio of failing real estate loans. As it became apparent that Excel Banc would not survive, Mr. McCaleb decided to take personal control of his career path and secured a franchise agreement with Blockbuster Video for development of a store in Nacogdoches, Texas which he opened in 1990 and continued to operate until closing in 2010.
In 1991, he returned to San Antonio and formed RFM Commercial.
Mr. McCaleb is married to his wife of 27 years and is the proud father of three children.