Carstensz Capital Partners

What Carstensz Capital Partners does

Carstensz Capital Partners, LLC is a privately held, vertically integrated private lender specializing in short-term hard-money financing for residential real estate developers in the Mid-Atlantic and Southeast United States. The firm offers four differentiated loan products across acquisition and ground-up construction use cases, structured at 85% and 90% loan-to-cost with interest rates of 10.99-11.99%, 2-4% origination points, and 12-24 month terms requiring minimum credit scores of 640 and three prior deals in three years. Its stated borrower segment is seasoned real estate investors executing single-family 1-4 fix-and-flip, renovation-and-resale, tear-down/rebuild, and condominium conversion projects.

The firm's business model is bifurcated between lending and fund management. On the lending side, it earns one-time origination fees (2-4%), ongoing interest income at 10-14% on interest-only balloon structures, extension fees on rolled loans, and default interest at 2x the normal rate. A recurring servicing fee equal to 16.7% of interest charged to developers provides annuity-style revenue. On the fund management side, Summit Fund, LLC accepts outside capital with a $100k minimum, offering a 10-13% annualized preferred return and projected IRR of 13-15%, with the management company retaining origination economics and a portion of extension economics.

Carstensz generates no proprietary technology; loan intake runs through the external Bryt Software platform and underwriting relies on the principals' regional developer relationships and direct field knowledge. The competitive differentiation is vertical integration: principals own multiple real estate brokerages and title companies (providing captive distribution), maintain active construction operations (enabling in-house loss mitigation), and previously founded one of the largest bank REO and loss mitigation firms in the country (providing foreclosure expertise). The firm leverages a 55-65% institutional credit facility to lower cost of capital and has completed over $1.5 billion in cumulative residential transactions across Maryland, DC, Virginia, Tennessee, South Carolina, Georgia, and Florida, with offices in Elkton, VA and Brentwood, TN.

Name

Carstensz Capital Partners

Legal name

Carstensz Capital Partners, LLC

Website

https://carstenszcapital.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Carstensz Capital Partners is a privately held, vertically integrated private lender providing short-term hard-money loans for residential fix-and-flip and ground-up developers across seven Mid-Atlantic and Southeast states, operating the Summit Fund, LLC investment vehicle for outside capital.

Ownership category

akta.pro rank

Product category

Private Residential Real Estate Lending

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Hard Money & Private Mortgage Lending Intermediation (FSAEAEAH)

akta.pro secondary industries

Hard Money / Private Mortgage Brokers (FSALABAH), Private Credit — Real Estate Debt (Bridge, Mezz, CMBS-like) (FSAHAJAI)

Keywords

• Hard money lending
• Residential real estate financing
• Fix and flip loans
• Construction lending
• Investment fund management

Headquarters

HQ city

Mclean

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Loan Origination Fees: One-time origination fees charged at loan closing, ranging from 2-4% of the loan amount. Initial points are 100% retained by the management company.
2. Interest Income: Ongoing interest income from developer loans at rates of 10%-14%, with typical products at 10.99%-11.99%. Interest-only payments with balloon at term end. The management company charges 16.7% of interest charged to developers as servicing fees.
3. Extension Fees: Fees charged when borrowers extend loan terms beyond initial maturity. Extension points are 2%, split 50/50 with the investment fund.
4. Default and Late Fee Income: Default interest and fees charged to developers who fail to perform, at 2x the normal rate. Management company charges 16.7% of default interest and fees.
5. Loan Servicing Fees: Recurring servicing fees for managing the loan portfolio, calculated as 16.7% of interest charged to developers on hard-money loans.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Carstensz Capital Partners is a vertically integrated private lender providing short-term hard money financing to seasoned residential real estate developers for fix-and-flip, renovation, ground-up construction, tear down/rebuild, and condominium conversion projects. The firm originates loans directly through its Summit Fund, LLC investment vehicle, offering loan-to-cost ratios up to 90% with terms of 12-24 months and rapid 10-12 day closings from receipt of ratified contract.

Product overview

Carstensz Capital Partners offers a portfolio of private lending products for residential real estate developers. The core offerings include four loan products differentiated by loan-to-cost ratios (85% and 90%) for both acquisition and ground-up construction projects. These short-term financing products (6-24 month terms) target fix-and-flip investors, renovation projects, teardown/rebuilds, and condominium conversions. On the investment side, the company manages the Summit Fund, LLC investment vehicle for institutional and high-net-worth investors seeking preferred returns from hard-money loans to residential developers.

Differentiator

Problem solved

Functional benefit

Brands

• Summit Fund, LLC: Million Equity Investment - Preferred Return Collateralized Investment fund for hard-money loans to residential developers

Products and services

• 90% LTC Acquisition Loan

Quantifiable outcome

• Loans can be underwritten and closed in 10-12 days from receipt of ratified contract
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Kiavi (formerly LendingHome): Largest technology-enabled hard money lender focused on fix-and-flip and ground-up construction loans to residential investors. Direct competitor in the same product category, target market, and short-term bridge lending model.
• CoreVest Finance: Private lender to residential real estate investors offering fix-and-flip, rental, and bridge loans. Direct competitor with institutional capital backing and an investor fund structure analogous to Summit Fund.
• Lima One Capital: Specializes in fix-and-flip, rental, and new construction loans to real estate investors. Operates a similar direct lending model targeting the same seasoned investor segment with comparable loan-to-cost and ARV products.
• RCN Capital: Private direct lender offering fix-and-flip, rental, and new construction loans nationwide. Comparable in product mix, target customer (experienced real estate investors), and short-term bridge structure.
• Visio Financial Services (Visio Lending): Private real estate lender focused on rental portfolio and fix-and-flip loans to individual and institutional investors. Competes in the same short-term residential development lending category.

Emerging players

• Groundfloor: Real estate crowdfunding platform originating fix-and-flip and rental loans. Competes in the same residential investor lending space via a marketplace model that diverges from Carstensz's direct relationship approach.
• Patch of Land: Real estate crowdfunding marketplace focused on fix-and-flip and ground-up construction loans. Adjacent in product category but competes indirectly for investor capital and borrower pipeline.
• PeerStreet: Real estate investment platform offering short-term bridge and fix-and-flip loans. Comparable in product category and target borrower, though distributed via a marketplace rather than direct lender model.

Broad incumbents

• NewRez (Shellpoint Mortgage Servicing): Large-scale residential mortgage and non-QM lender with a wholesale fix-and-flip offering. Broader portfolio than Carstensz but overlapping in short-term residential investor financing.
• Angel Oak Mortgage Solutions: Non-QM and residential transition lender offering fix-and-flip and rental products. Broader portfolio (non-QM, correspondent, warehouse) but overlapping in the residential bridge lending category.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/carstensznashville

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Carstensz Capital Partners