Entitlement, capital, and path to completion
PACT lends across the development arc, from acquisition and entitlement through site improvements and vertical construction. Each transaction is evaluated against entitlement status, sponsor track record, capital stack and a credible path to completion or sale.
PACT lends and advises across income-producing and transitional commercial real estate. Each transaction is evaluated through the asset's collateral position, cash flow and a credible plan to a defined exit.
PACT lends and advises across income-producing and transitional commercial real estate. Each transaction is evaluated through the asset's collateral position, cash flow and a credible plan to a defined exit.

Housing capital
overview
Sub-asset classes
Capital Deployed
Transaction Range
Geographic Concentration
Western U.S.
Land & Entitlement
Sponsor track record, entitlement path and water position are evaluated together.

Land & Entitlement
Sponsor track record, entitlement path and water position are evaluated together.

Horizontal Development
Engineering scope, capital stack and absorption assumptions are evaluated together.

Horizontal Development
Engineering scope, capital stack and absorption assumptions are evaluated together.

Vertical Construction
Sponsor track record, construction budget and a credible path to completion or sale evaluated together.

Vertical Construction
Sponsor track record, construction budget and a credible path to completion or sale evaluated together.

How PACT structures capital
PACT structures development land credit around the site, the approval path and the sponsor’s execution plan. Each mandate is sized to the capital need, timeline and path to refinance, sale or vertical delivery.
Land acquisition and entitlement credit
RAW LAND · APPROVAL PATH
Horizontal development financing
SITEWORK · UTILITIES · LOT DELIVERY
Construction and completion capital
DRAWS · MILESTONES · EXIT
Capital advisory mandates
STRUCTURE · LENDER ALIGNMENT
How PACT structures capital
PACT structures development land credit around the site, the approval path and the sponsor’s execution plan. Each mandate is sized to the capital need, timeline and path to refinance, sale or vertical delivery.
Land acquisition and entitlement credit
RAW LAND · APPROVAL PATH
Horizontal development financing
SITEWORK · UTILITIES · LOT DELIVERY
Construction and completion capital
DRAWS · MILESTONES · EXIT
Capital advisory mandates
STRUCTURE · LENDER ALIGNMENT
How PACT structures capital
PACT structures development land credit around the site, the approval path and the sponsor’s execution plan. Each mandate is sized to the capital need, timeline and path to refinance, sale or vertical delivery.
Land acquisition and entitlement credit
RAW LAND · APPROVAL PATH
Horizontal development financing
SITEWORK · UTILITIES · LOT DELIVERY
Construction and completion capital
DRAWS · MILESTONES · EXIT
Capital advisory mandates
STRUCTURE · LENDER ALIGNMENT

Discuss a housing capital transaction or allocation
