Second Street Capital
Second Street Capital is a Fort Myers, Florida-based direct lender originating and servicing $1M–$15M short-term commercial real estate bridge loans at fixed rates starting at 12% for experienced borrowers underserved by banks.
- Company typePrivate
- Founded2020
- HeadquartersFort Myers, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Second Street Capital does
Second Street Capital is a privately held Delaware LLC, founded in 2020 and headquartered in Fort Myers, Florida, that originates and services short-term commercial real estate bridge loans directly to borrowers. The firm targets experienced real estate entrepreneurs and property owners who are underserved by traditional bank lenders — borrowers facing complex situations, tight timelines, or non-standard collateral profiles. Its single core product is a 6–12 month interest-only bridge loan (initial term), with fixed rates starting at 12.00%, loan sizes from $1,000,000 to $15,000,000, LTV/LTC up to 75%, optional 6-month extensions at market extension fees, and recourse supported by yield-maintenance prepayment covenants. Origination fees start at 2.00% and exit fees start at 2.00% (case-by-case). Discretionary underwriting tolerates sub-1.15x DSCR with a debt reserve, and the firm manages CapEx and PIP holdbacks for hospitality assets.
Revenue is generated from three streams: recurring interest income on outstanding balances, one-time origination fees, and transaction-based exit and extension fees. The company operates a direct-to-borrower origination model with no intermediaries or broker channels — sales motion is relationship-driven, with senior management (CEO Rick Patel, Director Krishan Patel) personally engaged on each transaction. The company targets a vertical mix centered on hospitality (the largest disclosed sector across featured transactions), healthcare and senior living (including hotel-to-assisted-living conversions), multifamily, office, retail, self-storage, and light industrial/warehouse collateral. The firm has disclosed transactions in at least 8 U.S. states (FL, GA, TX, MI, NJ, MS, AR, MO), with marketing primarily through an informational corporate website and direct phone/email contact lines.
The management team brings cycle-tested underwriting depth — co-founders previously built and exited Global Perspective Funding (2013) and GRP Capital (2015) before launching Second Street Capital in 2020 alongside a related entity, Vivek Strategic Capital, which supplies family-office debt and equity placement. Core technology is not publicly disclosed and no AI/ML capabilities are referenced; operational differentiation is described as a streamlined origination platform, in-house loan servicing (payment collection, insurance, tax escrow, quarterly financial review), and certainty of execution on 30–45 day closes. The company complies with GLBA and SEC Regulation S-P/S-AM privacy frameworks.
Second Street Capital firmographics
Firmographics- Name
- Second Street Capital
- Legal name
- Second Street Capital, LLC
- Website
- https://secondstreetcapital.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Second Street Capital is a Fort Myers, Florida-based direct lender originating and servicing $1M–$15M short-term commercial real estate bridge loans at fixed rates starting at 12% for experienced borrowers underserved by banks.
- Ownership category
- akta.pro rank
Second Street Capital industry classification
Industry- Product category
- Commercial Real Estate Lending
- NAICS
- Real Estate Credit (522292)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- CRE Bridge & Transitional Lending (FSALADAC)
- akta.pro secondary industry
- Hard Money & Private Mortgage Lending Intermediation (FSAEAEAH)
Keywords
Where Second Street Capital is headquartered
LocationHeadquarters
- HQ city
- Fort Myers
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Second Street Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Others
Revenue model
- Interest Income: The primary revenue stream comes from interest income on bridge loans. Fixed rates starting at 12.00% on short-term commercial real estate loans with 6-12 month initial terms. Interest-only amortization.
- Origination Fees: One-time fees charged at loan origination, starting at 2.00% of the loan amount. Covers processing and underwriting costs.
- Exit Fees: Fees charged when loans are paid off or exited, starting at 2.00% and determined on a case-by-case basis. Pre-payable at any time subject to yield maintenance covenants.
- Extension Fees: Fees collected for loan extensions beyond the initial term, charged at market extension fees for up to 6 months additional terms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Short-term bridge loans with fixed rates starting at 12% |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Second Street Capital product offering
Product offeringCore offering
Second Street Capital originates and services short-term fixed-rate commercial real estate bridge loans, providing creative funding solutions for borrowers underserved by traditional banks. Loans range from $1,000,000 to $15,000,000 with 6-12 month initial terms, rates starting at 12.00%, up to 75% LTV/LTC, and interest-only amortization. The company closes loans in 30-45 days from application and serves hospitality, multifamily, healthcare, office, retail, industrial, and self-storage property types.
Product overview
Second Street Capital operates as a single unified offering—a commercial real estate lending platform providing bridge loan origination and loan servicing. The company offers short-term fixed-rate bridge loans ($1M-$15M) for property acquisitions, refinances, and opportunistic situations across multiple property types including hospitality, multifamily, office, healthcare, retail, industrial, and self-storage. Lending terms include 6-12 month initial terms with rates starting at 12% and LTV up to 75%.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Real Estate Bridge Loans
Quantifiable outcome
- 30-45 day close from application to funding
- +2 more outcomes
Companies that use Second Street Capital
Customer profileNamed customers9 records
Segments8 records
Ideal customer profiles4 records
Second Street Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Second Street Capital partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
Second Street Capital competitors and assessment
Company assessmentEmerging players
- NewSilver Lenders: NewSilver is a tech-enabled CRE bridge lender focused on residential and small-balance commercial investors — operates in a similar ticket size, speed-driven lending niche as Second Street Capital.
- Kiavi: Kiavi (formerly LendingHome) is a tech-enabled lender specializing in short-term bridge loans for real estate investors, including commercial assets — competes with Second Street for the same speed-sensitive CRE borrower segment.
Broad incumbents
- Walker & Dunlop: Walker & Dunlop is a major CRE finance company offering bridge and interim loan products across multifamily, office, and hospitality — competes with Second Street in the larger CRE bridge market with a full-service platform.
- Greystone: Greystone is a large diversified CRE finance platform offering bridge, permanent, and construction loans across multifamily, hospitality, healthcare, and senior living — overlapping with Second Street's bridge lending verticals but at meaningfully greater scale.
- Ladder Capital: Ladder Capital is a publicly traded CRE-focused investment manager that originates bridge, first mortgage, and mezzanine loans — directly comparable to Second Street's transitional bridge lending in commercial real estate.
- Arbor Realty Trust: Arbor Realty Trust is a publicly traded REIT that originates and services multifamily and CRE bridge loans through its agency business and loan origination platform — comparable product set to Second Street's CRE bridge focus.
Direct peers
- Anchor Loans: Anchor Loans is one of the largest privately held bridge lenders in the U.S., focused on fix-and-flip and CRE bridge loans in the $1M-$50M range — directly comparable product offering to Second Street Capital's commercial bridge book.
- CoreVest Finance: CoreVest is a direct non-bank lender specializing in short-term bridge loans for residential and commercial real estate investors, with similar focus on time-sensitive, non-traditional borrowers — directly comparable to Second Street Capital's CRE bridge model.
- HCS Lending / HCS Capital: HCS Lending is a boutique commercial bridge lender focused on smaller-balance transitional CRE loans in secondary markets — closely matches Second Street's boutique, relationship-driven lending model in the $1M-$15M ticket range.
Others
- JLL Capital Markets (Debt Advisory): JLL's Capital Markets debt advisory practice arranges CRE senior and bridge loans for institutional clients — sits adjacent to Second Street's origination business as a referral source and competitive debt placement channel for the same hospitality and multifamily borrowers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Second Street Capital social profiles
Digital presenceSecond Street Capital compliance and trust
Trust signalCompliance3 records
Second Street Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Second Street Capital leadership team
Management profileNumber of profiles
Profiles3 records
Second Street Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Second Street Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Second Street Capital
What does Second Street Capital do?
Second Street Capital originates and services short-term fixed-rate commercial real estate bridge loans, providing creative funding solutions for borrowers underserved by traditional banks. Loans range from $1,000,000 to $15,000,000 with 6-12 month initial terms, rates starting at 12.00%, up to 75% LTV/LTC, and interest-only amortization. The company closes loans in 30-45 days from application and serves hospitality, multifamily, healthcare, office, retail, industrial, and self-storage property types.
Is Second Street Capital a public or private company?
Second Street Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Second Street Capital founded?
Second Street Capital was founded in 2020. It employs 1 to 10 people.
Where is Second Street Capital based?
Second Street Capital is headquartered in Fort Myers, United States, in the North America region.
How does Second Street Capital make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are origination Fees, exit Fees and extension Fees.
Who are Second Street Capital's main competitors?
Emerging players on record are NewSilver Lenders and Kiavi. Broad incumbents are Walker & Dunlop, Greystone, Ladder Capital and Arbor Realty Trust. Direct peers are Anchor Loans, CoreVest Finance and HCS Lending / HCS Capital. JLL Capital Markets (Debt Advisory) is listed as an others.
Does Second Street Capital have an API?
No public API is recorded for Second Street Capital.
What industry is Second Street Capital in?
Second Street Capital's product category is Commercial Real Estate Lending. Its primary akta.pro industry code is FSALADAC, CRE Bridge & Transitional Lending, with a secondary code of FSAEAEAH, Hard Money & Private Mortgage Lending Intermediation. Its NAICS code is 522292 and its SIC code is 6162.