Vehicle II

Specialty Real-Estate Lending

Short-duration, overcollateralized capital in micro-markets where local judgment matters more than generic credit models.

Selective lending for residential and commercial situations, centered on high-conviction Miami micro-markets and anchored by hard collateral discipline.

Public scope

Public materials can explain the underwriting stance, geography, and refusal criteria. They should not imply a scaled origination machine or institutional servicing stack without proof.

Public: underwriting posture, market focus, and guardrails

Qualified: deal cadence expectations and sleeve-specific materials

Private: borrower pipeline, underwriting files, and reporting detail

Mandate contract

Where this sleeve belongs and what keeps it legible.

Each mandate page should behave like a controlled public memo: who it is for, what governs it, and what remains outside the public layer.

Best fit

Who this sleeve is built for.

  • Families who prefer legible assets and downside they can understand
  • Borrowers or sponsors who need certainty and speed more than bank process
  • Capital partners who value local control and asset takeover optionality

Guardrails

What must stay true.

  • Primary focus on Miami with specialty familiarity in 33149
  • Hard max 70% LTV
  • Maximum term of 24 months
  • Minimum gross yield target of 10%

Positioning note

Why this sleeve belongs inside the platform.

This sleeve is built around local underwriting edge. It is intentionally narrow and should stay that way.

Access boundary

Public proof stops before private operating detail begins.

Families should understand exactly what this page is allowed to say before they ask for sleeve-specific materials.

Public: underwriting posture, market focus, and guardrails

Qualified: deal cadence expectations and sleeve-specific materials

Private: borrower pipeline, underwriting files, and reporting detail

Operating cadence

Quiet process over product theater.

Families should know how the sleeve is monitored before they ever ask for private reporting.

Deal-by-deal underwriting memos

Asset-level updates tied to collateral events

Explicit refusal criteria before scale