Our Approach
New Development Capital Fund
Project Characteristics
Our New Development Capital Fund is a private real estate investment vehicle focused on deploying structured capital across high-quality multifamily and commercial real estate opportunities. We focus on real estate opportunities supported by strong fundamentals, experienced sponsorship, and clearly defined execution strategies. Our capital platform is designed to support projects where disciplined structuring and certainty of execution are critical.
Target property types include multifamily, mixed-use, and industrial assets, with selective exposure to hospitality, build-to-rent, and land development where demand drivers are clearly established.
❋ Collateral-backed real estate exposure
Capital is deployed against tangible real estate assets, providing structural downside protection and alignment throughout the investment lifecycle.
❋ Short- to medium-term duration
We focus on opportunities with defined timelines, typically aligned with acquisition, development, stabilization, or recapitalization phases.
❋ Clear business plans and defined exits
Each transaction is underwritten with a clear execution strategy and multiple viable exit paths evaluated at the outset.
❋ Strong sponsor alignment
We partner with experienced operators who demonstrate meaningful equity participation, execution capability, and alignment of interests.
Stack Capital moves fast to deliver one of the quickest response times in the industry, without compromising underwriting rigor.
Stack Capital PartnersLending Overview
The parameters below reflect our general lending profile. Each transaction is structured individually, based on asset fundamentals, sponsor experience, and execution feasibility.
Term Length
12 — 36 months
Geography
Select U.S. markets
$2MM — $25MM (deal dependent)
Loan Size
Bridge debt, preferred equity, structured capital
Capital Type
First-position or structured security interest
Collateral
Expedited, subject to underwriting and diligence
Execution Timeline
Our Process
Our process is designed to be clear, efficient, and execution-focused.
We evaluate each opportunity on its own merits, structuring capital solutions that support real-world timelines while maintaining disciplined risk management from initial review through closing.
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We begin with a high-level review of the opportunity to assess fit, execution feasibility, and alignment with our capital platform. This initial step focuses on project fundamentals, sponsorship, and capital requirements to determine whether to proceed to full underwriting.
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Qualified opportunities move into detailed underwriting, where we evaluate market dynamics, project economics, sponsor experience, and downside risk. Capital structures are developed in parallel to align with the project’s execution timeline and risk profile.
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Following underwriting, we provide indicative terms outlining structure, timing, and key conditions. This stage is designed to ensure clarity and alignment before advancing into diligence and documentation.
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We conduct focused diligence to validate assumptions and finalize transaction details. Legal documentation, third-party reports, and closing requirements are coordinated efficiently to support timely execution.
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Once diligence is complete, capital is deployed in accordance with agreed terms. We remain engaged throughout execution, maintaining clear communication and supporting sponsors through the lifecycle of the transaction.
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