Step 01
Institutional origination
Established lenders originate and underwrite each loan to their own credit standards — secured commercial real estate loans backed by real property, and structured venture debt extended to growth-stage companies. These are not loans we manufacture to sell; they are institutionally originated facilities with real collateral behind them.
Step 02
Independent vetting
Our investment team reviews more than 600 loans per year. We accept fewer than 4%. Every loan must clear a 14-point screen covering sponsor track record, collateral quality, debt structure, market fundamentals, and downside resilience.
- Sponsor must have an established operating track record
- Independent diligence on the asset, borrower, and collateral
- Third-party valuation appropriate to the asset class
- Collateral-first structuring with stressed downside modeling
Step 03
Fractional participation
Each approved loan is held in a single-purpose Delaware LLC, and the offering is filed as a Reg D Rule 506(c) private placement — which permits public solicitation to verified accredited investors. Investor commitments are pooled into a participation interest in the underlying loan, alongside the originating institutional lender.
You hold a fractional, pro-rata economic interest in the loan — a direct claim on your share of its interest and principal.
Step 04
The investor experience
Accreditation, KYC, and AML take about seven minutes the first time and apply to every future deal. From there, committing to an offering is three clicks: review the loan summary and terms, enter your participation amount, sign the participation agreement.
Capital is held in a segregated escrow account at a regulated trust bank until the loan funds.
Step 05
Distributions and reporting
Interest is distributed on the loan's payment schedule, typically monthly or quarterly, by ACH to your linked bank account. You receive position statements, payment history, and year-end tax documents.
Step 06
Repayment
When the loan matures or repays, your principal is returned pro rata along with any final interest. Expected maturity, terms, and exit are stated clearly on every offering before you commit.