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Who We Lend To

Borges Capital partners with a select group of experienced real estate operators who share our long-term, relationship-driven approach to private lending. We prioritize repeat borrowers with a demonstrated ability to execute, complete, and exit projects successfully across market cycles.

Our lending relationships are built over time not transaction by transaction. Many of the builders and investors we finance have worked with our principals for years, establishing trust through performance, transparency, and consistent execution.

We focus on operators who approach projects with discipline, conservative assumptions, and a clear understanding of capital stewardship aligning their interests with those of our investors.

Experienced Builders

We lend to well-seasoned residential builders with a proven track record of completing high-quality projects in markets with strong demand and livability. These borrowers demonstrate:

Multiple successfully completed projects
Deep knowledge of local submarkets
Realistic construction budgets and timelines
Meaningful personal capital invested alongside ours

Our preference is to work with builders we know, trust, and have successfully financed before allowing us to underwrite both the asset and the operator.

Real Estate Investors

Borges Capital also partners with experienced real estate investors pursuing acquisition, repositioning, or development opportunities who require reliable, asset-based financing.

We favor investors who:

Have a clear business plan and defined exit strategy
Maintain conservative leverage
Understand the importance of communication and accountability

By focusing on repeat, relationship-based borrowers, we reduce execution risk and create alignment across borrowers, investors, and the fund.

Loan Characteristics

First-Position Only

All loans are secured by a first-position lien on the underlying real estate, ensuring priority in the capital stack and enhanced collateral protection. Loan terms, structures, and collateral requirements are evaluated on a deal-by-deal basis, with a preference for borrowers with proven track records and repeat relationships.

Residential & Select Commercial

We primarily lend on high-quality residential projects, including luxury construction and value-add opportunities, while selectively financing commercial assets that meet our underwriting standards.

Arizona-Focused

Our lending activities are concentrated within Arizona markets we know deeply, allowing for localized insight, disciplined valuations, and active oversight throughout the life of the loan.

What We Value

Experience

We partner with well-capitalized, seasoned borrowers who have demonstrated the ability to originate, manage, and successfully complete real estate projects. Preference is given to builders and investors with a verifiable track record, repeat execution history, and a deep understanding of their local markets.

Our focus is on long-term relationships with sponsors who have proven they can navigate market cycles, manage risk, and deliver projects from acquisition through completion.

Transparency

Clear, timely communication is fundamental to every relationship we build. We expect borrowers to provide accurate financial disclosures, realistic project assumptions, and ongoing visibility throughout the life of a loan.

Transparency drives alignment, enables proactive issue resolution, and supports informed decisions resulting in partnerships built on trust rather than transactions.

Execution

We value borrowers who prioritize disciplined execution and accountability. Projects must be supported by realistic timelines, defined exit strategies, and a demonstrated ability to manage construction, budgets, and third-party professionals.

Our capital is structured to support sponsors who execute decisively, adapt responsibly, and bring projects to completion as planned.

Submit Loan Inquiry

Borges Capital partners with experienced borrowers seeking first-position financing on residential and commercial real estate. Once submitted, your inquiry is reviewed directly by our team, and qualified opportunities receive a prompt response outlining next steps.