Condon Wealth Management

Condon Wealth Management

James E. Condon launched the firm in 1988, embedding it in the Washington, D.C. suburbs to serve a regional base of accredited investors seeking yield outside public markets. The wealth origin is undisclosed, though the firm operates as an independent investment vehicle, not a family office. Condon structured it as a direct lender from inception, distinguishing it from wealth managers who allocate client capital to blind-pool funds. Condon Wealth Management acts as a direct originator of short-term real estate loans, offering clients participation in promissory notes secured by deeds of trust. The strategy spans commercial and residential bridge loans, typically 6–24 months in duration, targeting projects in Maryland, Virginia, and Washington, D.C. The firm originates, underwrites, and services its own paper — a vertically integrated model uncommon at this scale. Loan participations are offered via private placement memoranda, with individual investments often starting at $25,000–$50,000. Confirmed property types include single-family residential flips, small multifamily, and mixed-use retail in secondary urban corridors. The firm does not publicly disclose portfolio companies or specific co-investors. The firm maintains a single office in Bethesda. Team size and total deployment are not publicly disclosed. Condon has not launched adjacent vehicles — no registered philanthropic foundation, real-asset arm, or club membership is tied to the firm. In February 2025, the firm disclosed its ongoing direct-lending model through updated Maryland securities filings (public record). Condon's structural differentiator is its captive loan servicing capability. Unlike many small private lenders who outsource delinquency management, Condon retains servicing in-house, giving it direct control over loss mitigation and foreclosure proceedings on defaulted notes. This operational architecture allows the firm to price risk at the deal level rather than relying on third-party originators, a posture that sets it apart from most RIAs and wealth-management practices of comparable size.