The capital stack is broken. Banks won't lend unless their risk is covered. We bring pension fund capital that guarantees the takeout—so banks say yes. And we boost your equity with a free 10% promote.
30 minutes. No pitch deck needed. Tell us what you're building, and we'll tell you if we can help.
1. Pension commits to the takeout.
We secure a Forward Purchase Agreement—a pension fund agrees to buy your stabilized asset at a predetermined price. The bank now has guaranteed repayment.
2. We provide free promote.
You pay us nothing upfront. No origination fees. No points. We make money alongside you through a long-term income share.
3. Banks say yes.
Lower risk = better terms. You get 85% LTC, non-recourse. The deal that was stuck is suddenly fundable.
Construction lending has collapsed. Regional banks have retreated. You are sitting on entitled land with no path to vertical construction. The solution isn't more equity—it's a better contract.
Banks are scared of construction risk. Loan-to-cost ratios have dropped to 50-60%. Developers are stranded.
We bring a Forward Purchase Agreement (FPA). The bank lends against the pension's credit, not your dirt. You get 85% LTC.
You build. We close. The pension takes the deed. You keep 25% of the income stream forever. No exit required.
Stop negotiating complicated waterfalls. Our structure is simple, transparent, and designed for generational wealth.
| Feature | Traditional Syndicate | Spot Origin |
|---|---|---|
| Developer Equity | 25-35% | 15-20% |
| Construction Debt | 50-65% LTC (Recourse) | 80-85% LTC (Non-Recourse) |
| Promote Structure | Complex Waterfall / Hurdles | Flat 25% of Income Forever |
| Exit Strategy | Forced Sale (3-5 Years) | Hold Forever (Perpetual) |
| Closing Fees | 1-3% of Deal Size | $0.00 |