Fast, clear, collateral-first capital for commercial real estate and operating businesses.
Direct Lending. Loan Acquisitions.
Reliable liquidity.
Decision in 72 hours
Close in 10-14 days
Competitive rates
Private Credit, Built for Speed
and Certainty
17 Letters Capital (“17LC”) is a family investment vehicle backed by principals with over 20+ years and $3+ billion of capital markets, credit and real estate experience.
17LC provides fast, institutional-grade private credit for commercial real estate and operating businesses. Our platform supports direct lending, loan acquisitions, and lower middle-market business credit through a clear, collateral-first process designed to reduce friction, improve certainty, and move capital efficiently from introduction to execution.
Capital Solutions
We Lend
17LC invests in and originates private loans secured by commercial real estate and operating businesses, with clear requirements, disciplined underwriting, and predictable execution.
We Buy
In parallel, 17LC seeks to acquire performing and non-performing CRE and C&I loans secured by real estate and operating businesses, agnostic to industry, asset class and geography.
Lending Guidelines
As principal investors we originate private debt, agnostic to collateral, secured by commercial real estate and operating companies including industrial, manufacturing, retail, healthcare, hospitality, office, multifamily and land. 17LC also provides bankruptcy and Debtor-In-Possession (“DIP”) financing.
Rate
9–14% interest-only
Leverage
Up to 70–75% Loan-to-Value (LTV), 75–80% Loan-to-Cost (LTC) for construction
Closing Timeline
10–14 days
Loan Size
$0.5 million – $10 million
Origination Fee
1–3% (no minimum)
Term
6–48 months
Loan Type
Acquisition, Refinance, Construction Loans
Terms listed above are subject to underwriting and structuring
Loan Acquisition Criteria
17LC targets individual loans and portfolios, with the ability to close all cash, in under 15 days.
Performing Loans
Bank and Non-Bank Loans
Non-Performing Loans
Accompanied by proper collateral
Individual Loans
$0M–$10M individual balances
CRE
Commercial Real Estate
C&I
Commercial & Industrial Loans
FF&E
Equipment Loans
Details Needed for Funding
With a Complete File: Decision in 72 hours | Close in 10–14 days
Borrower Information
- Legal business name and DBA (if applicable)
- Business address and contact information
- Entity type and state of formation
- Employer Identification Number (EIN)
Ownership & Management
- Ownership structure and percentage ownership
- Personal information for owners ≥20%
Financial Information
- Most recent 2 years of business tax returns
- Year-to-date profit & loss statement
- Current balance sheet
- Last 3–6 months of business bank statements
Credit & Debt
- Schedule of existing business debt
- Current loan statements
- Authorization to pull credit
Use of Proceeds
- Purpose of financing
- Amount requested
Additional (as applicable)
- Articles of incorporation / operating agreement
- SBA or government program documentation (if applicable)
- Collateral details or asset schedules (if required)
Recent Transactions
17 Letters has closed loans and acquired debt across a broad spectrum of commercial real estate and operating business collateral. Below is a representative sample of recently completed transactions, illustrating our capability to finance diverse asset classes and transaction structures.
Restaurant
Retail
Refinance
$1,400,000
Commercial Land
Retail
Acquisition & Development
$2,700,000
Auto Dealership
Retail
Acquisition Loan
$1,700,000
Distribution Warehouse
Industrial
Refinance
$1,200,000
Multifamily Land
Multifamily
Acquisition & Development
$1,400,000
Golf Course
Hospitality
Acquisition & Development
$560,000
RV Park
Hospitality
Cash-Out Refinance
$275,000
Master-Planned Community
Retail
Acquisition & Development
$2,200,000
Day Care
Service
Restructuring
$1,100,000
Representative transactions only. Not an offer of credit. Actual loan terms, pricing, and approval depend on underwriting review of specific collateral, borrower creditworthiness, and transaction structure.
Our Team
Stephen Walden
Operating Partner
Stephen Walden is a Phoenix native and seasoned real estate operator with experience spanning Arizona markets since his first transaction in 2003. He holds a Master of Finance from Loyola Marymount University, bringing institutional-level financial analysis and underwriting expertise to our portfolio. Over the past two decades, he has worked across both residential and commercial real estate, structuring, acquiring, and managing assets with a disciplined & value-driven approach.
Get Started
Take the next step with a clear, efficient process built for speed and certainty.