Fast, clear, collateral-first capital across Arizona and the Southwest.
Lending & Loan Purchasing for Commercial Real Estate & Operating Businesses
Decision in 72 hours
Close in 10-14 days
Competitive rates
Private Credit, Built for Speed
and Certainty
17 Letters is a family investment vehicle managed by a principal with over 15 years and $3 billion of capital markets and real estate experience.
We provide fast, institutional-grade private credit for commercial real estate and operating businesses. Our platform supports direct lending, loan purchasing, and small-business credit through a clear, collateral-first process designed to reduce friction, improve certainty, and move capital efficiently from decision to close.
Capital Solutions
We Lend
We originate private credit solutions secured by commercial real estate and operating businesses, with clear requirements, disciplined underwriting, and predictable execution.
We Buy
We purchase performing and non-performing loans on property and businesses, focusing on well-collateralized assets near maturity or under stress.
Lending Terms & Key Details
Rate
11–13% interest-only
Leverage
Up to 70–75% Loan-to-Value (LTV), 75–80% Loan-to-Cost (LTC) for construction
Closing Timeline
10–14 days
Loan Size
$0.5 million – $10 million
Origination Fee
1–3% (no minimum)
Term
6–24 months
Limited recourse default; non-recourse only by exception. Second liens allowed selectively.
Loan Purchase Criteria & Process
Performing Loans
0–24 mo. to maturity with 3–5% coupon
Non-Performing Loans
Accompanied by proper collateral
Individual Loans
$0.5M–$10M; pools up to $20M unpaid
Seller Process
Step 1
Execute NDA
Confidentiality is established to enable secure information sharing.
Step 2
Loan Summary
Provide key loan details, collateral information, and performance metrics.
Step 3
Indicative Pricing
Preliminary pricing provided within 3–5 business days, subject to review.
Step 4
Confirm Terms
Pricing and transaction structure established to proceed to funding.
Step 5
Close Loan
Final documentation completed and funds are transferred on agreed timeline.
Details Needed for Funding
With a Complete File: Decision in 72 hours | Close in 10–14 days
Borrower Information
- Legal business name and DBA (if applicable)
- Business address and contact information
- Entity type and state of formation
- Employer Identification Number (EIN)
Ownership & Management
- Ownership structure and percentage ownership
- Personal information for owners ≥20%
Financial Information
- Most recent 2 years of business tax returns
- Year-to-date profit & loss statement
- Current balance sheet
- Last 3–6 months of business bank statements
Credit & Debt
- Schedule of existing business debt
- Current loan statements
- Authorization to pull credit
Use of Proceeds
- Purpose of financing
- Amount requested
Additional (as applicable)
- Articles of incorporation / operating agreement
- SBA or government program documentation (if applicable)
- Collateral details or asset schedules (if required)
Recent Transactions
17 Letters has closed loans and acquired debt across a broad spectrum of commercial real estate and operating business collateral. Below is a representative sample of recently completed transactions, illustrating our capability to finance diverse asset classes and transaction structures.
Restaurant
Retail
Refinance
$1,400,000
Commercial Land
Retail
Acquisition & Development
$2,200,000
Auto Dealership
Retail
Acquisition Loan
$1,700,000
Distribution Warehouse
Industrial
Refinance
$1,200,000
Multifamily Land
Multifamily
Acquisition & Development
$1,400,000
Golf Course
Hospitality
Acquisition & Development
$560,000
RV Park
Hospitality
Cash-Out Refinance
$275,000
Master-Planned Community
Retail
Acquisition & Development
$2,200,000
Representative transactions only. Not an offer of credit. Actual loan terms, pricing, and approval depend on underwriting review of specific collateral, borrower creditworthiness, and transaction structure.
Get Started
Take the next step with a clear, efficient process built for speed and certainty.