Directed Capital Resources, LLC, a private credit and opportunistic real estate finance firm, has closed $90 million in equity commitments for its 11th flagship fund and locked in more than $265 million in credit capacity from its long-standing banking partners — including a combined $215 million from First Horizon Bank, Banc of California, Valley National Bank, and Centennial Bank. An additional credit facility is expected to close this month, providing further runway for the firm’s strategy. Altogether, the capital base will enable Directed Capital to pursue more than $600 million in commercial mortgage loan acquisitions and originations in the months ahead. 

The firm’s previous fund, DCR X, acquired and originated more than $700 million in commercial mortgage assets — the majority of which have now been resolved. The new DCR XI vehicle has already deployed over $200 million since inception. 

Founded in 2001 and operating from offices in St. Petersburg, San Diego, and Boston, Directed Capital focuses on buying performing and sub-performing commercial mortgage loans collateralized by income-producing real estate, typically in the $1 million to $25 million range. The loans are secured by properties owned and operated by small business owners across retail, industrial, healthcare, lodging, multifamily, and select suburban office assets. 

“We continue to see significant opportunities in the private credit markets, particularly as banks reassess their non-core exposures,” said CEO Chris Moench. With its vertically integrated model, Directed Capital manages every aspect of loan acquisition, servicing, accounting, and resolution internally,