ALTUS PRIVATE CAPITAL

ALTUS PRIVATE CAPITAL

Altus Private Capital deploys private credit into transitional commercial real estate — the gap between a property's current cash flow and its stabilized value. The firm originates and underwrites its own loans, concentrating on senior secured first-trust-deed positions. Target property types include multifamily, industrial, retail, and office assets undergoing renovation, lease-up, or repositioning. The credit book emphasizes floating-rate bridge loans and shorter-duration structures that allow the firm to recalibrate exposure as rate cycles shift. Confirmed lending activity spans California and select Western US markets, with capital reserved for both sponsor-backed acquisitions and direct borrower relationships. The firm operates with a lean team under President Bruce Leaderman. Staffing totals and office locations are not publicly enumerated. Altus does not syndicate broadly or market to institutional limited partners — its capital base is understood to represent concentrated family-office balance-sheet capacity, giving it speed and certainty of close that sponsor borrowers value. Publicly reported deployment figures are not available; the firm does not publish quarterly letters or aggregate loan-tape data. Altus Private Capital's structural distinction is the combination of direct origination rigour with single-family-office patience. The firm does not run a fund structure with redemption gates or quarterly marks dictated by outside investors. Each loan is sized against the collateral that backstops it, and the hold-to-maturity discipline means interim mark-to-market noise is an academic concern. This balance-sheet-native architecture removes the asset-liability mismatch that constrains many levered private-credit platforms, turning illiquidity into an underwriting edge rather than a risk-management problem.