The company operates as a commercial real estate (CRE) finance firm, specializing in originating senior and subordinate loans for transitional CRE assets situated primarily in major U.S. markets. These loans encompass mortgage loans that are secured by first or subordinate mortgages, as well as mezzanine loans secured by equity ownership pledges. The firm targets transitional assets that require repositioning or development to maximize value, aiming to achieve attractive risk-adjusted returns through a diversified investment portfolio.
Founded in 2015 and structured as a Real Estate Investment Trust (REIT), the company is externally managed by a dedicated management team with extensive real estate and financial expertise. Its investment strategy is adaptable, allowing it to optimize loan origination and portfolio management while generating dividends for stockholders. The firm also utilizes diverse financing strategies to support its operations and investment activities, positioning itself competitively in the evolving CRE market.