03 · Platform
Debt
Senior secured, asset-backed lending, engineered for capital preservation first and durable, risk-adjusted yield second.
The Mandate
We believe strong returns come from patient, asset-backed lending. Our debt strategies prioritize senior secured positions with defined downside, structural protections, and clear collateral coverage before any upside is modeled.
I
Senior Secured Positions
First lien, asset backed loans with conservative loan to value and robust collateral coverage. Protection comes before yield.
II
Disciplined Underwriting
Every position is underwritten to a defined downside scenario. We size to survive, then structure to compound.
III
Durable Yield
Risk adjusted income generated through structurally protected credit, designed to perform across cycles, not chase them.
The Framework
Protection first.
Yield second.
Capital preservation is the precondition for compounding. Our debt platform extends beyond capital deployment into strategic alignment across origination, collateral management, and disposition, increasing operational visibility throughout the life of every position.
Our Approach
A Different Approach to Real Estate Credit
Many lenders focus exclusively on the transaction.
We focus on the outcome.
Our vertically integrated approach allows us to maintain visibility across the key drivers of project success, from acquisition and financing to construction oversight, collateral management, and disposition planning.
By combining disciplined underwriting with operational insight, we seek to identify opportunities where thoughtful execution can create meaningful value while preserving capital and managing risk.
This approach enables us to move with conviction while maintaining the discipline required to navigate changing market conditions.
Why Onyx
Why Borrowers and Partners Choose Onyx Capital
01
Disciplined Underwriting
We focus on opportunities supported by strong fundamentals, experienced operators, and clearly defined value creation strategies.
02
Operational Visibility
Our experience across development, construction, and asset management allows us to evaluate opportunities beyond the numbers alone.
03
Strategic Partnership
We believe the best outcomes are achieved when lenders and operators are aligned around a shared vision for success.
04
Stewardship Mindset
Every decision we make is guided by a commitment to responsible capital allocation and long-term value creation.
Engage
Allocate with conviction.
Qualified allocators are invited to review current debt strategies and co-investment capacity.
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