Explore the expertise behind Stage Point Capital success:
70%
Loan to value
98%
First lien
mortgages
2013
Launch
2014-2023
Growth & Evolution
Below you will find the answer:
We maintain a conservative ~70% loan-to-value ratio with a first-lien position on almost all loans. Our loans employ strict construction reserve management, personal borrower guarantees, and market selection that avoids high-risk areas and properties.
We use modest leverage (37% of fund assets vs. industry norms over 300%) and focus on workforce housing with higher cap rates than up-market assets. Our management excels in workouts and property management, retaining an equity stake in SPF above 10% and growing quarterly.
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