Favorable Entry Point
Prices in most sectors are bottoming as rates stabilize. Bank pullback under regulatory pressure lets us lend at a reset basis at higher yields.
Private Credit Strategy · Institutional Investors
Where middle-market origination meets institutional-grade discipline.
Senior secured bridge and construction loans across the East Coast (Boston–Miami) and select Midwest markets — first-mortgage positions, downside protection, and hands-on asset management from closing through repayment.
The Opportunity
A generational reset in real estate credit.
Four pillars behind the strategy
Sourcing Strategy
We capitalize on extensive relationships with developers, sponsors, owners and banks to directly originate and selectively acquire loans.
Highly Experienced Manager
Led by an executive team with 90+ years of collective construction, lending, investing and workout experience.
Evergreen, Income-Oriented Structure
An open-ended, evergreen vehicle structured as a REIT — built for durable, income-oriented capital. Full terms are available to qualified investors via the investor portal.
Why Now
Capitalize on Market Dislocation
A record number of commercial mortgage maturities is expected as banks tighten underwriting and pull back on lending — increasing the opportunity for private lenders.
Higher Rates & Wider Spreads
Benchmark rates have reset higher, and spreads continue to price at a meaningful premium to the last cycle. Risk-adjusted yields have improved, reflecting the reset in basis.
Market Stabilization on the Horizon
Most participants believe rates are stabilizing — creating valuation consistency for real estate and reduced volatility for investors.
Why This Strategy Equity-like yields, debt-like protection.
Stable Current Income
Loans secured by commercial real estate offer stable current income, backed by high-quality tangible assets.
Downside Protection
With proceeds targeted up to 75% of collateral value, market corrections beyond 25% are required to impair the loan — rare in commercial real estate.
Attractive Risk-Adjusted Returns
Conservatively applied senior leverage can deliver equity-like yields while maintaining the relative security of a debt instrument.
The Manager's Edge
Experience you can't underwrite around.
Led by Tom Marano — a pioneer of the MBS/CMBS markets, former Global Head of Mortgage & Asset-Backed Securities at Bear Stearns, founder of Cerberus's Mortgage Capital Markets Group, former Chairman of GMAC — alongside an executive team with 90+ years of collective construction, lending, investing and workout experience.
Manager's Approach
- Rigorous underwriting
- All servicing in-house
- Proactive, hands-on lending
- Foreclosure preparedness
- Construction expertise — the ability to complete a project post-foreclosure mitigates risk
Intensive Asset Management
Hands-on management with readiness to complete construction or reposition assets if borrowers fail to perform.
Tenured, Cohesive Team
Senior members average 10 years working together, with 90+ years of collective CRE experience.
Strong Existing Pipeline
Deep relationships provide access to exclusive and lightly-marketed opportunities in focus markets.
Unique Expertise
Construction, development and valuation expertise reduces underwriting and execution risk.
Transactions originated by the ProCap team, including at a predecessor firm prior to the formation of ProCap Asset Management LLC. Anonymized; not the performance of ProCap Asset Management LLC or any vehicle it manages.
Investor Access
The investor portal.
Strategy detail, terms, the full performance record, and current pipeline — for qualified investors and LPs, inside our secure Juniper Square portal.
Executive summary & opportunity thesis
Predecessor track record & named case studies
Full terms & service providers
Live pipeline of debt opportunities
Request Investor Access
Access is provisioned through Juniper Square to verified, qualified investors. Existing investors can sign in directly; prospective investors can request access or contact IR.
Investor Login — Juniper Square → Request Access
Investor relations: ir@procapam.com
Terms, performance and offering documents are available only to qualified investors via confidential offering materials.