Directed Capital

Overview

Directed Capital is a real estate specialty finance firm that strategically acquires, originates, and resolves under-performing commercial mortgage loans across the United States. The firm also selectively invests in commercial real estate repositioning and development financing. Founded in 2001, Directed Capital has sponsored 11 funds and has acquired and originated more than $2.5 billion in commercial real estate assets. The firm's conservative strategy focuses on capital preservation by investing at the top of the capital structure, aiming to achieve attractive risk-adjusted returns that are traditionally uncorrelated with the market. Directed Capital's team operates from offices in St. Petersburg, San Diego, Boston, and Pittsburgh, leveraging a positive company culture and an extensive network to raise capital, source deals, and seize unique opportunities. The firm specializes in acquiring performing, sub-performing, and non-performing commercial mortgage loans secured by various types of commercial real estate, including office, retail, industrial, warehouse, and multifamily properties. Directed Capital also provides bridge financing solutions for commercial real estate assets, offering loan structures such as first lien bridge loans, mezzanine, preferred equity, and joint venture structures, with loan sizes ranging from $1 million to $25 million. The firm's investment and servicing functions are performed entirely in-house, with resolution strategies ranging from refinance and loan restructuring to foreclosure and asset repositioning. Directed Capital's investment partnership philosophy ensures that its interests and directives are aligned with those of its investors, with the firm investing its money alongside its partners and other investors, earning returns on its investments only when its partners and other investors profit. The firm's credit capacity includes closed facilities totaling $215 million from First Horizon Bank, Banc of California, Valley National Bank, and Centennial Bank, positioning Directed Capital to pursue more than $600 million in commercial mortgage loan acquisitions and originations nationwide. Since its inception, the firm has acquired and originated over $2.3 billion in assets, demonstrating its expertise and commitment to delivering exceptional risk-adjusted returns for its investors. Directed Capital's approach to loan acquisitions and originations is characterized by a nationwide platform that evaluates loan opportunities based on performance level, geography, and collateral type. The firm focuses on loans secured by commercial real estate, including both investment and owner-occupied properties, and has expertise with special use properties such as senior housing, hospitality, restaurants, self-storage, and car washes. Directed Capital's team of professionals in St. Petersburg, San Diego, Boston, and Pittsburgh leverages its positive company culture and extensive network to raise capital, source deals, and seize unique opportunities. The firm's vertically integrated model allows it to manage every aspect of loan acquisition, servicing, accounting, and resolution internally, ensuring a streamlined and efficient process for its investors and partners. In addition to its core focus on commercial mortgage loans, Directed Capital also selectively invests in commercial real estate repositioning and development financing. This strategic approach enables the firm to capitalize on market opportunities and enhance the value of its investments. Directed Capital's commitment to capital preservation and attractive risk-adjusted returns has established it as a trusted partner for investors seeking exposure to the commercial real estate sector. The firm's disciplined underwriting and creative asset resolution strategies have contributed to its success in acquiring and managing a diverse portfolio of commercial real estate assets across the United States.

Investment Focus

• Loans secured by commercial real estate, including office, retail, industrial, warehouse, and multifamily properties; special use properties such as senior housing, hospitality, restaurants, self-storage, and car washes; loan sizes ranging from $1 million to $25 million; loan terms typically 18 to 24 months; first lien bridge loans, mezzanine, preferred equity, and joint venture structures; nationwide geographic focus within the continental United States.