Capital built to perform.
228 Capital deploys private capital across three lanes — real estate, distressed situation financing, and tax-advantaged structures.
Where the capital is working
Where law and capital meet.
Most capital shops are built by financiers. Most law firms don't write checks. 228 Capital was built at the point where those two worlds actually intersect — a table where the term sheet and the case law get read by the same people, in the same meeting.
That posture shows up most clearly in the lanes other capital avoids: debtor-in-possession financing, bankruptcy-adjacent lending, and structures that only work if someone in the room can tell you why. It's a narrow lane. Not many firms play in it well.
Everywhere else — real estate, distressed situation financing, tax-advantaged structures — the same discipline applies. We underwrite like it might end up in front of a judge, because in this business, eventually, something does.
Three verticals. One underwriting standard.
Real Estate
Ground-up development, value-add acquisition, and opportunistic positions across primary and secondary U.S. markets. Underwritten on fundamentals, not momentum.
Distressed Situation Financing
Capital for borrowers and companies under real-time pressure — from a bridge loan that has to close this week to a Chapter 11 case that needs DIP financing to keep the lights on.
Tax-Advantaged Structures
Structured investment vehicles built around a real, defensible tax benefit — sized and documented by people who can explain the structure to an auditor, not just to a client.
Every deal runs through the same efficiency layer.
Technology doesn't replace judgment at 228 Capital — it clears everything away from it. Every vertical, from a bridge loan to a DIP facility, moves through the same three-stage layer, so the return on the deal isn't quietly eaten by the cost of doing it.
Underwriting
Standardized data models sit under every vertical — property, borrower, well, or docket — so a deal gets scored on the numbers before it gets a meeting.
Structuring
Capital and counsel sit at the same table from term sheet to close, so structures are built to survive contact with a lender, a partner, or a court.
Servicing
Portfolio-wide reporting and covenant tracking run continuously, so a problem shows up on a dashboard weeks before it shows up in a phone call.
Why 228.
Four things that don't change, deal to deal.
U.S.-only, on purpose
One legal framework, one regulatory regime, one set of courts. We know it cold instead of knowing five markets shallowly.
Business meets law, structurally
Not a legal disclaimer bolted onto a pitch deck — counsel is part of how a deal gets built, not a step after it's signed.
We lend where courts are already involved
DIP and bankruptcy-adjacent financing is a lane most capital avoids. We built the underwriting for it on purpose.
Technology-first operations
From first diligence pass to final distribution, the same systems track every deal — so speed doesn't cost rigor.
Bring us the deal. We'll tell you fast if it fits.
Sponsors, borrowers, operators, and referring counsel — tell us the shape of it, and which vertical it belongs in. If it's not a fit, you'll hear that quickly too.