Lancewood Capital Deepens Lender Finance Presence

Lancewood Capital has closed more than $250 million of commercial real estate lender finance investments over the past 12 months, marking a significant milestone for the Greenwich, Connecticut-based family office as it continues to expand its footprint in the growing private credit and lender finance markets.

As traditional banks have pulled back and alternative lenders have gained share, Lancewood has emerged as an increasingly active source of senior financing for real estate lenders originating first lien loans in the $5 million to $50 million range. The firm provides both revolving credit facilities and one-off note-on-note financing, offering capital solutions in a segment once largely dominated by banks.

Over the past year, Lancewood’s transactions have included a $50 million credit facility for a New York-based lender, a $45 million facility for a Florida-based real estate lender, and more than $150 million of one-off note-on-note investments. The underlying collateral spans multifamily, mixed-use, light industrial, condominium, and single-family spec assets in major markets including New York, Florida, and California.

The firm now provides senior note financing to more than 30 first lien commercial real estate lenders and note buyers, with the ability to finance both performing and non-performing first lien loans. That breadth has helped position Lancewood as a dependable capital partner for lenders seeking certainty of execution, competitive pricing, and flexibility in an evolving market.

“The dislocation in the banking sector created a real opening for groups that can move quickly, stay flexible, and deliver with consistency,” said Justin Godner, Co-Head of Real Estate at Lancewood Capital, who helped establish the lender finance platform in 2020. “We have been intentional about building a platform that lenders can rely on not just for capital, but for certainty, responsiveness, and long-term partnership. Our clients depend on leverage to support their business, enhance their economics, and keep pace in a highly competitive market. We take that responsibility seriously, and our goal is to be a financing partner they trust through every cycle.”

Lancewood’s growth comes at a time when private credit continues to capture market share from traditional lenders, driven by a reduction in bank lending and borrowers’ demand for speed, flexibility, and execution. As more developers, owners, and operators turn to alternative lenders, lender finance has become an increasingly important part of the broader real estate capital stack. Many of those lenders use leverage to enhance returns, increase diversification, and expand originations more efficiently.

Godner said that dynamic is likely to continue as market conditions evolve. With spreads compressing, leverage is becoming more important to first lien lenders seeking to maintain returns while remaining competitive. In that environment, reliable lender finance providers are expected to play an even larger role.

Lancewood’s lender finance platform was built specifically to meet that need. Backed by family office capital, the firm can offer flexible structuring and competitive pricing while maintaining the decisiveness, and certainty borrowers often struggle to find elsewhere. That capitalization model has allowed Lancewood to compete effectively with banks and further establish itself as a meaningful participant in the lender finance space.

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