Underwriting
Project-level credit analysis and capital-stack stress-testing – informed by the operational data the development and construction teams generate from inside the platform.
Aligned capital. Institutional discipline.
New Course Capital originates and deploys third-party capital through a proprietary private credit fund, while also investing balance sheet capital into owned assets and real estate–related opportunities. This integrated approach delivers attractive risk-adjusted returns for investors and provides competitive construction financing to external partners. New Course Capital serves as the general partner across its investment vehicles, with platform capital invested alongside that of its limited partners, ensuring strong alignment of interests.
Capabilities
What New Course Capital delivers.
Capital Stack Structuring
Multi-tranche financing combining senior debt, EB-5, preferred equity, and balance-sheet capital – structured for compatibility with lender, investor, and program covenants.
Investor Relations
Quarterly reporting, fund-level transparency, and direct LP engagement – the cadence institutional capital expects from a fiduciary.
Asset Management
Active oversight from closing through stabilization and exit – including reforecasts, refinancing, and disposition timing.
President of Capital Markets
Leadership rooted in global capital advisory.
Successful real estate development begins with thoughtful capital formation. A disciplined and selective approach to financing ensures long-term returns and performance across market cycles.
Across the platform
The other four subsidiaries.
- Visit subsidiary
New Course Development
Conducts institutional-scale ground-up development across mixed-use, residential, and student housing asset classes. Disciplined underwriting, complex entitlements, and full project lifecycle management from land acquisition through certificate of occupancy.
- Visit subsidiary
New Course EB-5
Combines Regional Center sponsorship with a vertically integrated development platform designed to enhance transparency, execution, and alignment for EB-5 investors.
- Visit subsidiary
New Course Builders
Operates as the enterprise's dedicated general contracting subsidiary, enabling tighter coordination between development and construction while preserving greater control over cost, quality, and delivery across the portfolio.
- Visit subsidiary
New Course Insurance
Operates as the enterprise's captive insurance platform, enabling a more integrated approach to risk management across development and operational assets. By combining underwriting discipline with direct project-level visibility, the platform enhances risk alignment while retaining economic value typically transferred outside the enterprise.
Contact
Let's explore what's possible.
Whether you are a prospective LP, joint venture partner, or financing source, we welcome the conversation. New Course's team engages directly with qualified counterparties.
Investor Inquiries