WILLIAM R. BUTLER (Rick) - CEO

As Chairman & Chief Executive Officer, Mr. Butler’s responsibilities include: lead revenue modeling and business development, including branding, public relations and global outreach, and partner strategy. 

In 1980, Upon successfully completing his duties as a member of the US Army’s Special Forces Team, Mr. Butler began a business career in the private sector; working for Associates Financial Services, at the time the third largest consumer finance lender North America. While setting records in the largest of four divisions (Pacific Division), he continued his education attending The University of Santa Clara.

In 1984 Mr. Butler began his entrepreneurial career, and soon formed a fully licensed FHA/VA and conventional mortgage origination company, with 40 offices spanning 22 states; creating over $2.8 billion in loan originations.

 
In 1986 Mr. Butler formed R&R Exploration & Development Inc, to take advantage of the oil and gas sector throughout the Midwest; while oil prices were dropping from $36 per bbl, to less than $9.50 per bbl.

• Mr. Butler used his company to raise capital, through Private Placement Memorandums; drilling and complete over thirty vertical wells and three successful gas transmission pipelines.

Mr Butler later did a reverse merger into a publicly traded company; moving several of his own assets into the company to become the majority shareholder. He then renamed the company Universal Oil & Land; and began trading in the OTC markets.

In 1986, Mr. Butler also formed TransContinental Financial, Inc. for project funding and loan originations.

In 1987 Mr Butler formed TCF Realty Inc; for the purpose of providing the property management for acquisitions of the properties he started amassing.

• Over the next 20 years Mr. Butler amassed significant real estate holdings in the single family, multifamily and commercial real estate sectors; mainly, by taking advantage of the cyclical economic changes across various geographical market areas. Mr Butler primarily purchased from the RTC, HUD, and FNMA, where he created many relationships within the governmental sector.

In 2005, Mr. Butler was introduced to Mr. Jilbert Hovagimyan. Over the next couple years, the two entrepreneurs took advantage of collaborating on several opportunities; and in 2010 they co-founded TENET Financial Corporation (the previous Fund management company to the successor fund’s Tenet Financial Partners, & Tenet Funds Corp) as a vehicle to offer next-level funding in the newly minted down economy.

In February of 2020, Mr Butler went into semi-retirement.

Tenet Structured Finance was formed as a wholly owned vehicle to provide project funding solutions on his own projects, and selected groups that he has created strong relationships with. 

In the current “semi-retirement” stage of his life, Mr Butler has chosen to work on only a select number of projects per year that have the necessary components to support proper/thorough credit underwriting.