FORMAN CAPITAL, LLC

Thesis

The firm specializes in originating loans, mezzanine debt, preferred equity, and equity investments for commercial real estate projects, focusing on generating above-average risk-adjusted returns through creative structuring and disciplined underwriting with an emphasis on downside protection. Their loan focus is generally on construction projects in the southeast, southwest, and Midwest regions of the United States, predominantly financing multifamily, built-for-rent, condominiums, lot development, retail, hospitality, and industrial projects. Forman Capital actively seeks capital commitments from sophisticated investors, including family offices, investment funds, and institutional investors. The firm's approach is opportunistic, particularly in times when traditional lenders are more cautious, leveraging their industry expertise and disciplined underwriting of real estate and credit risk to offer competitive and creative capital solutions. As of December 31, 2025, Forman Capital managed approximately $350,513,798 in discretionary regulatory assets under management in private investment vehicles. The firm has never raised external funding, relying on capital commitments from sophisticated investors. Historically, their loan amounts have traditionally ranged from $2 million to $25 million, and they focus on transactions from $5 million to $100 million.