Platform Ventures has invested in over $3 billion in real estate loan originations, note purchases, and structured financings.
We are acutely focused on preserving capital and seeking to achieve attractive risk-adjusted returns by applying a disciplined investment approach to originate or purchase real estate credit within the capital structure.
We have extensive experience acquiring performing and non-performing bank and CMBS loans, acquiring distressed FDIC loan pools, originating first mortgages (together with affiliated partners) on select assets where borrowers face constraints from traditional lenders, and acquiring undercapitalized assets via foreclosure/deed in lieu.
The housing shortage across the United States is partially fueled by limited lot supply. We believe the current market dynamics create an opportunity to provide senior loans to experienced, private homebuilders for the acquisition and development of lots.
Changes in bank regulations have increased the regulatory capital banks are required to hold against acquisition, development and construction loans. As a result, many banks have pulled back or eliminated these loan programs completely. This provides an opportunity for non-traditional sources of capital to seek to achieve attractive risk-adjusted returns. Our homebuilder finance programs provide capital for well-established private homebuilders in high growth markets across the United States.
First mortgage lot origination loans to high-quality homebuilders located in various high-growth markets throughout the Southern and Western United States, we aim to support the acquisition and horizontal development of residential home lots through an established lot lending program.
Since 2015, First Continental Investment Company (“FCIC”) and Platform Ventures have been originating first mortgage lot loans to high-quality homebuilders located in various high-growth markets throughout the southern and western United States. The loans support the acquisition and ’horizontal’ development of residential home lots. The loans are well-structured with the aim of limited downside risk. To date, the Lot Lending Platform has originated 230+ loans to 65+ homebuilders with over $1 billion in total volume and $0 defaults.1
