Spectra Capital

What Spectra Capital does

Spectra Capital, LLC is a private credit investment manager founded in 2022 that operates a technology-driven dual-strategy platform: Private Credit (direct lending to established small businesses) and Real Estate Debt (commercial real estate bridge lending). The firm specializes in short-duration (3-12 month average 9 months), first-position, low-leverage real estate loans with average loan-to-value ratios of approximately 55% and maximum LTV below 70%, targeting underserved transitional and time-sensitive borrowers across 40 U.S. states and 2 territories. Its proprietary origination and underwriting platform processes over $10 billion in annual loan applications through algorithmic deal sourcing, automated credit decisioning, and real-time portfolio monitoring.

The firm's revenue model combines loan interest income (2.5-3% monthly on bridge loans), origination fees (2-4%), exit fees (0.5-2%), and performance fees above preferred return — with no fund-level management fees — creating alignment with limited partners. Spectra reports $100 million in assets under management as of early 2025 (up from $20 million twelve months prior), 19% net annualized returns since inception with zero down months, and a 150+ LP base comprising family offices, corporate pensions, funds of funds, insurance companies, wealth managers, sovereign wealth funds, and public funds. Capital is distributed exclusively through direct institutional sales and a private investor portal, with no intermediary distribution.

Leadership combines technology entrepreneur DNA (Founder Chris Brunner, who previously sold Telo to a TransUnion subsidiary), real estate and credit law expertise (Co-Founder and CAO Craig Lawrence, former partner at Adams and Reese and Balch & Bingham), and engineering capability (CTO Jason Rudder). The firm operates from Birmingham, Alabama, with a legal address in San Juan, Puerto Rico, and maintains wholly-owned subsidiaries Spectra Holdings, LLC and Spectra Lending, LLC.

Name

Spectra Capital

Legal name

Spectra Capital, LLC

Website

https://spectracapital.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Spectra Capital is a private credit investment manager that deploys short-duration, low-LTV bridge loans to real estate borrowers using a proprietary tech platform, serving institutional and family office limited partners through direct sales.

Ownership category

akta.pro rank

Product category

Private Credit / Commercial Real Estate Bridge Lending

NAICS

Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Mortgage Bankers & Loan Correspondents (6162), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Private Credit / Direct Lending (FSAAAHAG)

akta.pro secondary industries

Private Credit — Real Estate Debt (Bridge, Mezz, CMBS-like) (FSAHAJAI), Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO) (FSAHAIAB)

Keywords

• Private credit strategies
• Commercial bridge lending
• Technology-enabled underwriting
• Real estate debt financing
• Institutional direct lending

Headquarters

HQ city

San Juan

HQ country

Puerto Rico

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest Income: Primary revenue from interest income on bridge loans and direct lending transactions. Loans are short-term (3-12 months), low-LTV (averaging approximately 55%), first-position real estate loans. Interest rates include monthly interest components (e.g., 2.5% monthly on certain bridge loans) and are priced at a premium to compensate for time-critical execution, complexity, and special situations.
2. Origination and Exit Fees: Revenue generated from loan origination fees (e.g., 2% to 4% of loan amount) and exit fees (e.g., 0.50% to 2% exit fees) charged on bridge financing transactions. These fees complement interest income and are tied to specific loan events.
3. Performance-Based Fees: The firm charges performance fees after investors receive their preferred return, creating alignment between firm and investor interests. No management fees are charged at the fund level, distinguishing the firm's alignment-focused fee structure from traditional alternatives.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Spectra Capital is a private credit investment manager that originates short-term (3–12 month), first-lien, low-LTV (~55%) bridge loans against commercial real estate and direct loans to established small businesses. The firm raises capital from institutional investors through an open-ended fund structure with monthly subscriptions and quarterly redemptions, deploying that capital via a proprietary technology platform that processes over $10 billion in annual loan applications and underwrites transactions in 10–15 business days.

Product overview

Spectra Capital operates as a dual-strategy private credit platform offering two interconnected core products: Private Credit (tech-enabled direct lending) and Real Estate Debt (CRE bridge lending). The Private Credit strategy leverages a proprietary technology platform processing over $10 billion in annual loan applications to source and underwrite complex lending opportunities in underserved markets. The Real Estate Debt strategy provides bridge financing for transitional commercial properties across major metropolitan markets, maintaining first-lien positions with conservative loan-to-value ratios below 70%. Both strategies share technology infrastructure, systematic underwriting frameworks, and institutional-grade credit discipline, serving institutional investors including family offices, corporate pensions, insurance companies, and sovereign wealth funds.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Credit Technology-enabled direct lending strategy that provides institutional-grade financing to established small businesses, leveraging a proprietary origination platform processing over $10 billion in annual loan applications to systematically identify, evaluate, and execute lending opportunities in underserved markets.
• Real Estate Debt Commercial real estate bridge lending service offering time-sensitive first-lien financing for transitional properties across 40 U.S. states and 2 U.S. territories, with collateral-centric underwriting at conservative LTV ratios averaging ~55% and 3–12 month durations.

Quantifiable outcome

• 19% net annualized returns over two-year track record with zero down months
• +5 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Visio Financial: Visio Financial provides private bridge lending to real estate investors across multiple property types. Highly comparable product offering to Spectra's Real Estate Debt strategy, with similar focus on speed and short-duration first-lien loans.
• Lima One Capital: Lima One Capital is a direct private lender specializing in short-term, first-lien bridge loans and rental property financing for real estate investors. Highly comparable to Spectra's Real Estate Debt strategy in target borrower, LTV discipline, and short-duration structure.
• Anchor Loans: Anchor Loans is one of the largest private bridge lenders in the U.S., providing short-term, first-lien financing to residential real estate investors and developers. Closely comparable in product offering, borrower profile, and speed-of-execution focus.
• CoreVest Finance: CoreVest (a Redwood Trust company) provides bridge financing for residential real estate investors and small-balance commercial properties. Comparable to Spectra in target borrower, first-lien senior-secured structure, and focus on transitional CRE.
• A10 Capital: A10 Capital is a private direct lender providing bridge and asset-based loans to commercial real estate investors and small businesses. Comparable in deal size, structure, and focus on time-sensitive financing scenarios that traditional banks decline.
• Roc Capital: Roc Capital provides short-term, asset-based bridge financing for residential and commercial real estate investors, with emphasis on speed and certainty of close. Mirrors Spectra's bridge loan structure, LTV discipline, and institutional capital base.
• Dext Capital: Dext Capital provides bridge and rehab financing for residential and small commercial real estate investors. Comparable to Spectra in borrower profile, short-term structure, and first-lien collateral discipline.

Emerging players

• Kiavi: Kiavi (formerly Patch of Land) is a tech-enabled private lender providing bridge financing to residential real estate investors. Comparable in technology-driven approach and target borrower, though primarily residential-focused versus Spectra's broader commercial exposure.

Broad incumbents

• Angel Oak Capital Solutions: Angel Oak Capital Solutions provides non-QM and private mortgage lending to borrowers who do not fit traditional agency criteria. A broader incumbent in non-bank private credit/RE lending, comparable in target customer segment and institutional fund structure.
• Pretium Partners: Pretium Partners is a large alternative asset manager focused on U.S. residential real estate, including single-family rental lending and bridge financing. Broader incumbent in private real estate credit, comparable in institutional LP base and private credit fund structure.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Spectra_Capital
• Facebookfacebook.com/spectra.capital
• LinkedInlinkedin.com/company/spectra-capital
• Instagraminstagram.com/spectracapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Spectra Capital