Direct Lending & Capital Advisory

Credit built on relationship.
Capital deployed with conviction.

Credit built on relationship.
Capital deployed with conviction.

Credit built on relationship. Capital deployed with conviction.

PACT is a California-based real estate credit investment manager providing two direct lending strategies and capital advisory, delivering relationship lending across the credit spectrum in agriculture and commercial real estate.

PACT is a California-based real estate credit investment manager providing two direct lending strategies and capital advisory, delivering relationship lending across the credit spectrum in agriculture and commercial real estate.

For borrowers
For investors

OUR APPROACH

Partners to borrowers
and investors

Borrowers come to PACT for capital. Investors come to PACT to allocate into real estate credit. Both are underwritten to the same standard.

OUR APPROACH

One firm. Both sides of the transaction.

Borrowers come to PACT for capital. Investors come to PACT to allocate into real estate credit. Both are underwritten to the same standard.

Aerial view of parallel, neatly arranged rows of green grapevines in a sunlit vineyard.

Borrowers

Direct lending and capital advisory

Principal capital from PACT's balance sheet. Capital advisory across the broader market when a wider process is the better outcome.

Aerial view of parallel, neatly arranged rows of green grapevines in a sunlit vineyard.

Borrowers

Direct lending and capital advisory

Principal capital from PACT's balance sheet. Capital advisory across the broader market when a wider process is the better outcome.

Straight-on view of a modern white building facade with symmetrical rows of glass windows.

Investors

Investment opportunities

Funds, direct allocations, co-investment and separately managed accounts. Each opportunity is originated and underwritten by PACT.

Straight-on view of a modern white building facade with symmetrical rows of glass windows.

Investors

Investment opportunities

Funds, direct allocations, co-investment and separately managed accounts. Each opportunity is originated and underwritten by PACT.

CREDIT SPECTRUM

From conforming loans to private credit, underwritten to a single standard.

Conforming Loans

Conventional loan structures. Long-term financing at market terms.

Loan Structure

Conforming credit follows established parameters and supports longer terms, typically 1 to 30 years. Current-pay structures keep execution straightforward and efficient.

PACT Advantage

You work with a single point of contact, even as execution runs through standard channels. The underwriting discipline behind the relationship does not change because the structure is conforming.

Transitional Loans

Sound collateral in transition. Positioned between conforming and private credit.

Loan Structure

Transitional credit is structured around the borrower's forward plan and projected performance. Shorter terms and current-pay structures sized to defined milestones.

PACT Advantage

PACT underwrites to projected performance and structures credit with a clear view of the next stage of financing. One point of contact across the transition.

Traditional Private Credit

Custom structures. Built for situations outside conventional parameters.

Loan Structure

Private credit transactions carry shorter terms and more flexible payment structures than conforming or transitional credit. Each structure follows from the specifics of the situation.

PACT Advantage

PACT applies the most active asset management to private credit transactions. The underwriting discipline does not change at this end of the spectrum. Servicing stays inside the firm from origination through repayment.

RELATIVE RISK

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Track Record

Our story in numbers

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Loans closed to date (Apr, 2026).

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Loans closed to date (Apr, 2026).

$0.0B+

In closed loans and counting.

$0B+

In closed loans and counting.

0+

Combined years of experience.

0+

Combined years of experience.

Track Record

Our story in numbers

0

Loans closed to date (Apr, 2026).

$0B+

In closed loans and counting.

0+

Combined years of experience.

The FOundation

The relationship between a lender and a borrower used to mean something. At PACT, it still does.

The firm

At PACT, credit is a service, not a product. It is structured as a response to the specifics of each situation. When the loan closes, the relationships is just beginning. It continues across the next refinance, recap or build-out.

Read the firm story
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ASSET CLASSES

Where PACT deploys capital

In the foreground, rows of vines supported by dark wooden stakes in a verdant vineyard. In the background, a large white Mediterranean-style house sits atop a hill surrounded by dense trees.-angle aerial photograph of a geometric patchwork of green agricultural fields and vineyards separated by dirt roads.

Agriculture

Farm, Ranch and Agribusiness

Almonds, pistachios, citrus, wine grapes and row crop across California's Central Valley and Central Coast. Land, water and operator evaluated together.

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In the foreground, rows of vines supported by dark wooden stakes in a verdant vineyard. In the background, a large white Mediterranean-style house sits atop a hill surrounded by dense trees.-angle aerial photograph of a geometric patchwork of green agricultural fields and vineyards separated by dirt roads.

Agriculture

Farm, Ranch and Agribusiness

Almonds, pistachios, citrus, wine grapes and row crop across California's Central Valley and Central Coast. Land, water and operator evaluated together.

View more

In the foreground, rows of vines supported by dark wooden stakes in a verdant vineyard. In the background, a large white Mediterranean-style house sits atop a hill surrounded by dense trees.-angle aerial photograph of a geometric patchwork of green agricultural fields and vineyards separated by dirt roads.

Agriculture

Farm, Ranch and Agribusiness

Almonds, pistachios, citrus, wine grapes and row crop across California's Central Valley and Central Coast. Land, water and operator evaluated together.

View more

A low-angle view of the facade of a modern commercial building with a grid-like design. On the left, the structure is clad in light-colored stone blocks with bluish-tinted windows; on the right, the structure is dark, featuring windows that reflect a warm, yellowish interior light, set against a clear blue sky.

CRE

Commercial Real Estate

Multifamily, industrial, retail and net-lease assets. Stabilized cash flow, sponsor track record and a credible path through the next refinance.

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A low-angle view of the facade of a modern commercial building with a grid-like design. On the left, the structure is clad in light-colored stone blocks with bluish-tinted windows; on the right, the structure is dark, featuring windows that reflect a warm, yellowish interior light, set against a clear blue sky.

CRE

Commercial Real Estate

Multifamily, industrial, retail and net-lease assets. Stabilized cash flow, sponsor track record and a credible path through the next refinance.

View more

A low-angle view of the facade of a modern commercial building with a grid-like design. On the left, the structure is clad in light-colored stone blocks with bluish-tinted windows; on the right, the structure is dark, featuring windows that reflect a warm, yellowish interior light, set against a clear blue sky.

CRE

Commercial Real Estate

Multifamily, industrial, retail and net-lease assets. Stabilized cash flow, sponsor track record and a credible path through the next refinance.

View more

A top-down aerial view showing the sharp division between a densely populated urban area—with small, clustered houses on the left—and large green agricultural fields and plowed land on the right, illustrating the boundary of urban growth.

Housing Capital

Development Land

Residential, multifamily, mixed-use and industrial development sites across California. Entitlement status, sponsor track record and a credible path to vertical construction or sale evaluated together.

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A top-down aerial view showing the sharp division between a densely populated urban area—with small, clustered houses on the left—and large green agricultural fields and plowed land on the right, illustrating the boundary of urban growth.

Housing Capital

Development Land

Residential, multifamily, mixed-use and industrial development sites across California. Entitlement status, sponsor track record and a credible path to vertical construction or sale evaluated together.

View more

A top-down aerial view showing the sharp division between a densely populated urban area—with small, clustered houses on the left—and large green agricultural fields and plowed land on the right, illustrating the boundary of urban growth.

Housing Capital

Development Land

Residential, multifamily, mixed-use and industrial development sites across California. Entitlement status, sponsor track record and a credible path to vertical construction or sale evaluated together.

View more

An oblique-angle view of the ground-floor facade of a modern building clad in gray and beige stone panels, featuring large windows and dark glass doors aligned with a paved sidewalk.

FOR BORROWER INQUIRIES

Operators, owners and intermediaries

PACT starts with the specifics of the asset, the borrower and the plan, then determines the structure that fits the situation.

Borrowers

An oblique-angle view of the ground-floor facade of a modern building clad in gray and beige stone panels, featuring large windows and dark glass doors aligned with a paved sidewalk.

FOR BORROWER INQUIRIES

Operators, owners and intermediaries

PACT starts with the specifics of the asset, the borrower and the plan, then determines the structure that fits the situation.

Borrowers
Close-up view of the steel suspension tower of the Manhattan Bridge against a vast blue sky.

FOR INVESTOR INQUIRIES

Allocators and capital partners

Real estate credit originated, underwritten and structured by PACT, with full visibility into how the risk was sized.

Investors

Close-up view of the steel suspension tower of the Manhattan Bridge against a vast blue sky.

FOR INVESTOR INQUIRIES

Allocators and capital partners

Real estate credit originated, underwritten and structured by PACT, with full visibility into how the risk was sized.

Investors