We represent a group of high net worth individuals and family offices actively acquiring commercial real estate debt across all asset classes and all 50 states. Whether performing or distressed, our principals move fast, price fairly, and close with certainty. If you have paper that fits, let's talk.
Purchase Criteria
Asset Types
All classes considered — multifamily, industrial, retail, hotel, self-storage, mixed-use, land, and beyond. No asset type is automatically excluded. Every file receives a full review.
Geography
Our principals are active in all 50 states with a strong emphasis on metro and suburban markets. Non-metro and rural collateral is reviewed case-by-case based on asset quality and exit fundamentals.
Note Status
Primary focus on non-performing, distressed, maturity default, and payment default situations. Performing paper is absolutely considered. Our group doesn't require distress, but they're built for it.
Minimum Deal Size
Floor for note acquisitions
Sweet Spot
Preferred acquisition range
Maximum Deal Size
Upper end of the buy box
Lien Position
Primary focus; select seconds considered
Structure, Pricing & Returns
Loan Structure & Leverage
Our partners prefers short-term bridge-style paper with a typical duration of 12–24 months. Seasoning is largely irrelevant — what matters is the underlying collateral quality and structural fit within the acquisition criteria.
Land
Generally capped at 60% LTV or below
Income-Producing
Retail, industrial & others up to 70% LTV
Lien Priority
First-position mortgages preferred; select junior positions with substantial equity coverage considered
Yield Requirements & Pricing
The principals we represent target a return profile of 12%–14%, with a minimum yield floor of approximately 10%. Most note purchases are executed at or near par — returns are enhanced through default interest, restructuring economics, and bridge loan execution. Discounted paper is preferred when available but is not a requirement.
Target Yield
12% – 14%
Minimum Floor
10% return
Pricing Basis
At or near par on a case by case basis
Speed, Diligence & Workout Strategy
Our group is built to move fast when the file is clean. We represent high net worth individuals and family offices whose diligence process is streamlined, decisions are internal, and closings are reliable. We are not a foreclosure shop — our first call is always to find a path forward for the borrower.
Our Diligence Timeline
Initial Screen
24–48 hours from submission to initial response
LOI / Pricing
Issued shortly after the initial screen is complete
Close
Approximately 10–14 days, depending on collateral complexity, title, and borrower cooperation
Workout Philosophy
Immediate foreclosure is rarely the first move for our investors. We prefer to engage borrowers directly on their behalf, negotiate forbearance agreements, and restructure terms where feasible. The goal is to transition distressed situations into new bridge executions that work for all parties.
Negotiate forbearance and short-term relief
Restructure terms to stabilize the loan
Transition into a new bridge execution where possible
Commercial Note Acquisition Criteria