Understand the Collateral
Value, access, title, and marketability.
Private Credit Strategy
Palm Strategic Capital I.
We evaluate performing real estate-backed notes with an emphasis on borrower equity, collateral protection, documentation, and transparent portfolio oversight.
PROPERTY-BACKED CREDITILLUSTRATIVE
Real PropertyCollateral
Secured NoteDocumentation
Credit PortfolioIndependent Review
Credit, Illustrated
Property. Note. Portfolio.
Illustrative ModelVerify the Obligation
Borrower equity, payment history, and lien priority.
Monitor Performance
Collections, maturity, liquidity, and exceptions.
Our Mandate
Property-Backed
Credit.
Credit quality begins with the borrower and is reinforced by the collateral.
Palm Strategic Capital I evaluates performing notes created through selective seller financing and other qualifying real estate-backed credit opportunities. Each acquisition requires independent review of payment performance, lien priority, documentation, property value, borrower equity, servicing, and recovery considerations.
Eligible note acquisitions may allow capital to be recycled from completed land sales into new opportunities while preserving transaction-level underwriting and approval.
Investment Thesis
Income Anchored
by Real Property.
We seek contractual cash flow with identifiable collateral support and a clear understanding of how capital may be recovered if performance changes.
Borrower Equity
Meaningful borrower investment supports alignment and provides a first layer of protection against collateral value changes.
Collateral Coverage
Property value, legal access, marketability, lien position, and recovery time are reviewed together rather than treated as separate checks.
Disciplined Pricing
Acquisition price must reflect contractual yield, servicing burden, liquidity, financing costs, and downside recovery scenarios.
Investment Criteria
Credit With Context.
Performing Notes
Real estate-backed obligations with verifiable payment history, enforceable documentation, identifiable servicing records, and terms we can model.
Security Position
Clear lien priority, documented collateral, satisfactory title review, and a recovery path that can be evaluated before acquisition.
Borrower Alignment
Meaningful equity, demonstrated payment capacity, and a transaction structure that supports continued performance.
Return Discipline
A risk-adjusted yield after acquisition price, servicing costs, reserves, expected principal reduction, financing, and recovery sensitivity.
Underwriting Framework
Review, Verify,
Then Monitor.
Screen
Review the borrower, payment history, note terms, collateral, requested pricing, and proposed source of capital.
Verify
Confirm documentation, recorded lien position, title, property value, borrower equity, servicing, and payment records.
Stress
Model payment interruption, recovery timing, legal and servicing costs, collateral value, and financing sensitivity.
Monitor
Track collections, principal reduction, maturity exposure, collateral condition, and exceptions through the life of the note.
Strategy Development
Non-Performing Loan Investments.
We are developing a separate capability to evaluate non-performing real estate-backed loans.
This strategy requires distinct expertise in workout planning, legal process, collateral control, recovery timelines, and asset disposition. It remains under development and is not presented as an established Palm Strategic Capital I track record.