There are two ways to be the lender, and they answer different questions. One pays you steadily, quarter to quarter. The other pays a larger gain when the work is done.
Which one fits isn't our call. So start there.
Everything else on this page follows from which of these you're actually solving for. Most people know within a sentence.
We make loans against Southeast US real estate — bridge and gap financing for people who buy, build, and fix property. Business-purpose only, investment-property collateral.
The interest is the return. It arrives on a schedule you can plan around — the point of this pathway is the cash, and the cash is steady.
This is for you ifyou want something predictable you can count on quarter to quarter. You're not trying to double it — you're trying to make it work while you sleep.
This is not for you ifyou don't need the cadence, and you'd rather trade a steady rhythm for a larger gain later.
We buy real estate loans that went bad — at a discount to what the property behind them is worth.
You still receive cash along the way, but that's the bridge, not the point. The return is the gain when a distressed loan resolves — larger, and tied to the workout rather than a fixed schedule. It's also where the discount becomes your cushion if we're wrong.
This is for you ifyou'd rather the bulk of the return arrive when the work is done than in even amounts along the way. You can let a workout run its course.
This is not for you ifyou need a predictable quarterly cadence more than a larger payout later.
Whichever side you're on, the underwriting doesn't move.
Senior secured, with a first-priority claim on the real estate. Paid before every equity holder, in every scenario.
There's a cushion between the two — that's your margin of safety, and it's there for you, not us. How far below depends on the loan type, and it's specified in the offering documents.
Character. Credit & Credibility. Collateral. Capacity. Cash. Compensating Factors. This is not a looser standard than the industry's box — it is a harder one. A box only has to say yes or no. We have to say why, and defend it when we're wrong.
In-house — discounted payoffs, modifications, foreclosure if it comes to that. Most funds buying this paper outsource that to the people they're negotiating against. You should not have to wait on a vendor while your money sits in a bad loan.
In every deal we offer you, exposed to exactly what yours is.
10% concentration limit across the book, enforced.
Not projections. Not marks. What came back.
Not because they're secret. Because we don't know which ones apply to you yet.
The two pathways carry different structures — different minimums, different holding periods, different ways the money comes back to you. Publishing one set would mean showing you terms that may have nothing to do with what you're solving for. That's noise, and you have enough of it.
So we ask first. A short conversation, a few questions about what you need the money to do and when you need it back. Then you get the terms that actually apply — in the offering documents, where they're properly disclosed and where they control.
We underwrite borrowers before we lend to them. It would be strange to do less for you.
If you know which pathway you're on — or if you're not sure and want to talk it through — that's the conversation. Bring your advisor.
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