For Borrowers

Credit structured around the situation

Every PACT engagement starts with the same three-part review. Operator, asset and plan are evaluated together before the firm deploys its own capital directly or runs a wider capital process on the borrower's behalf. The choice follows the situation, not the product menu.

Discuss a transaction

San Joaquin Valley, California - Pistachios

Pistachios ripening red and gold on an orchard branch in California's San Joaquin Valley — permanent cropland financed with acquisition loans and private-credit funds.

For Borrowers

Credit structured around the situation

Every PACT engagement starts with the same three-part review. Operator, asset and plan are evaluated together before the firm deploys its own capital directly or runs a wider capital process on the borrower's behalf. The choice follows the situation, not the product menu.

Discuss a transaction
See borrower approach

San Joaquin Valley, California - Pistachios

Pistachios ripening red and gold on an orchard branch in California's San Joaquin Valley — permanent cropland financed with acquisition loans and private-credit funds.

For Borrowers

Credit structured around the situation

Every PACT engagement starts with the same three-part review. Operator, asset and plan are evaluated together before the firm deploys its own capital directly or runs a wider capital process on the borrower's behalf. The choice follows the situation, not the product menu.

Discuss a transaction

San Joaquin Valley, California - Pistachios

Pistachios ripening red and gold on an orchard branch in California's San Joaquin Valley — permanent cropland financed with acquisition loans and private-credit funds.
The problem

Most lenders are structured around a single transaction.

PACT Standard

PACT is structured around the relationship: a single point of contact across acquisitions, refinancings, build-outs and restructurings, without re-explaining the situation each cycle.

Overhead view of two people shaking hands in a modern commercial lobby — California build-out and restructuring loans backed by principal balance-sheet capital.

HOW PACT WORKS FOR BORROWERS

From the structure to the relationship

Some transactions belong on PACT's balance sheet. Some are better served by the broader capital markets. PACT determines the path and the borrower keeps a single point of contact.

Principal Capital

Direct Lending

PACT deploys its own balance sheet when the asset, the borrower and the plan support a structure the firm is prepared to own and service through.

Conforming agriculture and ranch loans

Real estate term loans, fixed or floating

Bridge, transitional and private credit

Top-down aerial of a lavender field in purple rows beside a plowed field — California row-crop farmland backed by fixed- or floating-rate term loans and principal capital.
Capital structured across the market

Capital Advisory

When a broader process produces the better outcome, PACT runs the transaction across its banking and lender relationships. The borrower keeps one partner across the entire capital structure.

Capital placement across banks, debt funds and institutional partners

Recapitalization and balance-sheet restructuring

Bridge, sub-debt and common equity layered into the stack

Aerial of downtown San Francisco's waterfront towers and the Bay Bridge — Bay Area commercial real estate served by recapitalizations, sub-debt and cross-market capital placement.
Principal Capital

Direct Lending

PACT deploys its own balance sheet when the asset, the borrower and the plan support a structure the firm is prepared to own and service through.

Conforming agriculture and ranch loans

Real estate term loans, fixed or floating

Bridge, transitional and private credit

Top-down aerial of a lavender field in purple rows beside a plowed field — California row-crop farmland backed by fixed- or floating-rate term loans and principal capital.
Capital structured across the market

Capital Advisory

When a broader process produces the better outcome, PACT runs the transaction across its banking and lender relationships. The borrower keeps one partner across the entire capital structure.

Capital placement across banks, debt funds and institutional partners

Recapitalization and balance-sheet restructuring

Bridge, sub-debt and common equity layered into the stack

Aerial of downtown San Francisco's waterfront towers and the Bay Bridge — Bay Area commercial real estate served by recapitalizations, sub-debt and cross-market capital placement.

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 loans follow established credit boxes and support longer terms with current-pay structures, making execution straightforward and efficient.

PACT Advantage

Conforming credit runs on familiar mechanics. PACT keeps the relationship around it coordinated, so the borrower keeps one point of contact through the life of the loan and the transactions that follow.

Transitional Loans

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

Loan Structure

Transitional loans look forward, not back. Shorter terms and current-pay structures are sized to a credible path through lease-up, completion, recapitalization or refinance.

PACT Advantage

PACT underwrites the path out at the start. The borrower understands the off-ramp before signing the term sheet, and the relationship stays with one team through 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 loans. Each structure follows from the specifics of the situation.

PACT Advantage

Private credit at PACT handles situations the standard product menu cannot accommodate. Decisions move quickly, closes are certain, and structure adjusts to the facts.

RELATIVE RISK

ASSET CLASSES

Capital by asset, structure and plan

All asset classes
A herd of cattle standing on a grassy hillside under a clear blue sky, illuminated by the warm light of late afternoon.

Farm and Ranch

Agriculture Real Estate

Conforming / Bridge / Private Credit / Sub-Debt / Preferred Equity

A herd of cattle standing on a grassy hillside under a clear blue sky, illuminated by the warm light of late afternoon.

Farm and Ranch

Agriculture Real Estate

Conforming / Bridge / Private Credit / Sub-Debt / Preferred Equity

A herd of cattle standing on a grassy hillside under a clear blue sky, illuminated by the warm light of late afternoon.

Farm and Ranch

Agriculture Real Estate

Conforming / Bridge / Private Credit / Sub-Debt / Preferred Equity

An aerial view of a cargo train with tanker cars moving past agricultural fields, including a golden field above and green crop rows below.

Agribusiness

Agriculture Real Estate

Conforming / Bridge / Private Credit / Sub-Debt / Preferred Equity

An aerial view of a cargo train with tanker cars moving past agricultural fields, including a golden field above and green crop rows below.

Agribusiness

Agriculture Real Estate

Conforming / Bridge / Private Credit / Sub-Debt / Preferred Equity

An aerial view of a cargo train with tanker cars moving past agricultural fields, including a golden field above and green crop rows below.

Agribusiness

Agriculture Real Estate

Conforming / Bridge / Private Credit / Sub-Debt / Preferred Equity

A person wearing headphones riding a bicycle on a sunny path in front of a modern, dark-facade office building with green hedges.

Commercial Real Estate

CRE Credit

Term / Line of Credit / Bridge

A person wearing headphones riding a bicycle on a sunny path in front of a modern, dark-facade office building with green hedges.

Commercial Real Estate

CRE Credit

Term / Line of Credit / Bridge

A person wearing headphones riding a bicycle on a sunny path in front of a modern, dark-facade office building with green hedges.

Commercial Real Estate

CRE Credit

Term / Line of Credit / Bridge

A wide aerial view looking down at the San Francisco skyline and Salesforce Tower, with the Bay Bridge extending across the blue water toward Yerba Buena Island.

Capital Advisory

Market Process

Full Stack Capital Solutions

A wide aerial view looking down at the San Francisco skyline and Salesforce Tower, with the Bay Bridge extending across the blue water toward Yerba Buena Island.

Capital Advisory

Market Process

Full Stack Capital Solutions

A wide aerial view looking down at the San Francisco skyline and Salesforce Tower, with the Bay Bridge extending across the blue water toward Yerba Buena Island.

Capital Advisory

Market Process

Full Stack Capital Solutions

Panoramic green-and-gold farmland hills below distant mountains and puffy clouds — California Central Valley cropland funded through cash-out refinancing and direct-allocation capital.
FOR BORROWER INQUIRIES

Discuss a transaction, borrower need, collateral position or capital advisory mandate.

Contact
Panoramic green-and-gold farmland hills below distant mountains and puffy clouds — California Central Valley cropland funded through cash-out refinancing and direct-allocation capital.
FOR BORROWER INQUIRIES

Discuss a transaction, borrower need, collateral position or capital advisory mandate.

Contact