Alcove Capital

Alcove Capital focuses on senior secured bridge loans for transitional and value-add commercial real estate. Loan structures are typically short-term — 12 to 36 months — and support property renovations, lease-up periods, and repositioning strategies. The firm targets middle-market transactions between $5 million and $50 million.

The firm maintains a distributed origination model with offices in San Francisco, Los Angeles-area offices, Salt Lake City, New York, and Miami. This multi-market presence enables localized broker and sponsor relationships. Most deal flow comes through commercial mortgage brokers, repeat sponsor relationships, and direct borrower outreach rather than auction processes.

Alcove Capital operates exclusively as a lender, originating and holding senior secured bridge loans. The firm does not participate in equity co-investments, preferred equity, or mezzanine positions alongside its debt — it stays within the first-mortgage position in the capital stack.

The credit mandate covers multifamily, industrial, office, and retail properties across primary and secondary US markets. The firm is active in California, New York, and Florida, with additional coverage in growth corridors served by its regional offices. Alcove Capital does not disclose explicit sector exclusions.

The firm's capital structure is not publicly disclosed. Private credit platforms of this scale typically fund through a combination of committed discretionary funds, separately managed accounts, and warehouse credit lines. Alcove Capital has not published fundraising announcements or registered vehicles that would clarify its investor base.