Forman Capital

What Forman Capital does

Forman Capital is a privately-held commercial real estate lender founded in 2004 by Brett Forman and headquartered in Delray Beach (with a Boynton Beach presence) in South Florida. The firm originates and services a diversified suite of CRE debt and equity products — bridge loans, mezzanine loans, preferred equity, stretch first mortgage loans, and increasingly pre-development and construction loans — directed at commercial real estate developers, sponsors, and investors across the United States. Underwriting blends real-estate-specific analysis (LTV, DSCR, asset quality, location, sponsor track record) with traditional credit metrics, and the firm operates as a balance-sheet lender that closes transactions in-house rather than brokering them, allowing fast approval cycles and customized structures that traditional banks routinely decline.

Revenue is generated primarily through interest income on originated loans (bridge, mezzanine, preferred equity, stretch first mortgages) plus origination and structuring fees. The firm advertises a nationwide footprint sourced via direct borrower relationships and broker referrals (including named intermediaries such as Arriba Capital), and has accumulated $3B+ in transaction volume across 175+ deals since inception. A 2016 joint venture with a Canadian asset management firm materially expanded Forman's capital base and origination capacity, and several current partners (Ben Jacobson, Scott Mehlman, Hellois Scheeres) were previously Managing Director, VP of Origination, and Director of Asset Management, respectively, at that JV.

The firm is SEC-registered as an investment adviser, employs 11–50 professionals, and maintains a leadership bench drawn from Bear Stearns, Cohen Financial (Guggenheim), KeyBank, Pebb Finance, Tishman Speyer, Cardone Capital, and Wellington Realty. Recent notable transactions include a $37.1M construction loan for The Oaks of District West in Richmond, TX (Dec 2025), a ~$30M pre-development loan for Shoma Group's Shoma Bay tower in North Bay Village, FL (Aug 2025), a $20.5M bridge loan to ViaNova Development for Hotel Indigo in Huntsville, AL (Apr 2026), and a $10.5M bridge loan on a Palm Beach Gardens luxury residence (Mar 2026). The firm is not a technology company and no proprietary AI, ML, or data-product capabilities are disclosed.

Name

Forman Capital

Legal name

Forman Capital, LLC

Website

https://formancap.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Forman Capital is a privately-held South Florida-based commercial real estate lender that originates bridge, mezzanine, preferred equity, stretch first mortgage, pre-development, and construction loans for developers and sponsors nationwide, with $3B+ in cumulative transaction volume across 175+ deals since 2004.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)

akta.pro secondary industries

Private Credit / Direct Lending (FSAAAHAG), Direct Lending — Senior Secured (First Lien) (FSAHAJAA)

Keywords

• Commercial real estate lending
• Bridge loan financing
• Mezzanine debt financing
• Preferred equity investment
• Real estate construction loans

Headquarters

HQ city

Boynton Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Interest Income from Bridge and Mezzanine Loans: Forman Capital generates revenue through interest income on bridge loans, mezzanine financing, preferred equity investments, and stretch first mortgage loans. As a balance sheet lender, they originate and service loans in-house, earning interest payments over the loan term. The firm also earns fees associated with loanorigination and structuring.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Forman Capital is a private balance-sheet commercial real estate lender providing bridge loans, mezzanine financing, preferred equity, stretch first mortgages, construction loans, and pre-development loans. The firm targets commercial real estate developers and investors nationwide with fast approvals, creative deal structures, and in-house servicing of its loan portfolio.

Product overview

Forman Capital offers a unified suite of private commercial real estate debt and equity financing solutions. The company's product portfolio centers on creative capital solutions including bridge loans, mezzanine loans, preferred equity, and stretch first mortgage loans. These products work together to serve borrowers seeking fast, flexible financing that traditional lenders cannot provide—ranging from short-term bridge financing to allow properties to begin operations, to full construction and pre-development funding for new projects. The platform emphasizes quick execution and customized loan structures that adapt to each transaction's specific needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Bridge Loans
• Mezzanine Loans
• Preferred Equity
• Stretch First Mortgage Loans
• Construction Loans
• Pre-Development Loans

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• ViaNova DevelopmentcoreOthersForman Capital provided a $20.5 million bridge loan to ViaNova Development for the opening of Hotel Indigo, a newly completed 112-key boutique hotel in Huntsville, Alabama. The short-term financing refinances the construction loan and enables the hotel to begin operations after receiving a certificate of occupancy.
• Shoma GroupcoreOthersForman Capital provided a $29.85 million pre-development loan for Shoma Bay, a mixed-use development planned in North Bay Village, Florida. The project includes a 24-story residential tower, retail spaces, and amenities. Over 30% of condos have been sold with $97 million in sales to date. This is one of several loans provided to Shoma Group (approximately $30M total for North Bay Village project).

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CoreVest Finance: Private lender to residential real estate investors offering bridge, construction, and long-term rental loans — comparable in serving real estate developers and investors with fast, balance-sheet-funded financing.
• Lima One Capital: Direct private CRE lender specializing in bridge, construction, and rental investment property loans to investors and developers — closely comparable product set, customer base, and balance-sheet lending model to Forman Capital.
• LendingOne: Private balance-sheet lender offering bridge and long-term rental loans to real estate investors — comparable in fast-closing, relationship-driven model targeting developers and investors with non-conventional financing needs.
• NewPoint Real Estate Capital: Balance-sheet CRE lender focused on bridge, construction, and permanent financing for middle-market sponsors — direct overlap in target customer (CRE developers/investors), product suite, and nationwide deal sourcing.
• Kennedy Funding: Private direct lender offering bridge, acquisition, and land loans across CRE asset classes — closely comparable in filling gaps left by traditional lenders, accepting complex/tight-timeline deals, and balance-sheet underwriting.
• A10 Capital: Direct CRE bridge lender providing flexible, short-term financing to commercial real estate investors and developers — comparable in target customer, balance-sheet funding model, and creative structuring for non-bankable deals.
• Dwight Capital: Direct CRE bridge and HUD lender providing bridge, mezzanine, and permanent financing — comparable in middle-market CRE focus and full-stack product offering across bridge, mezz, and senior debt.

Emerging players

• PeerStreet: Technology-enabled private CRE lending marketplace originally focused on bridge loans for investors — partial overlap in CRE bridge lending to investors, though PeerStreet's platform model differs from Forman's balance-sheet direct origination.

Broad incumbents

• Ready Capital: Publicly traded mortgage REIT originating and acquiring small-balance commercial, SBA, and residential bridge loans — broader incumbent operating across adjacent CRE lending verticals with similar non-bank lending model.
• Walker & Dunlop: Large, publicly traded CRE finance company offering multifamily and commercial debt origination, servicing, and investment sales — broader incumbent with overlapping capabilities in CRE debt placement but at much larger scale and broader scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/forman-capital

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forman Capital