Forman Capital

Forman Capital originates short-term senior secured bridge loans for transitional and value-add commercial real estate assets. The firm underwrites construction takeout, acquisition financing, and opportunistic recapitalizations across multifamily, industrial, retail, and hospitality property types. Loan proceeds are typically used to bridge a gap in timing — lease-up, renovation, or rezoning — that disqualifies the borrower from conventional permanent financing. The firm structures debt as first-lien mortgages with terms generally ranging from 12 to 36 months.

Brett Forman, as CEO, and Ben Jacobson, as Principal and co-founder, constitute the firm's senior decision-makers. Because Forman Capital does not operate a formal credit-committee structure with separate risk-management officers, final approvals sit with the founding partnership. That proximity between underwriting and approval is central to the firm's ability to issue term sheets within days of receiving a complete loan package.

Forman Capital operates as a balance-sheet and discretionary-capital lender rather than a commingled blind-pool fund manager. The firm has not disclosed raising a closed-end flagship fund with limited-partner commitments, which suggests the partnership deploys a combination of internal capital and separately structured co-investment or warehouse lines. This architecture removes the deployment-pressure constraints inherent in a fund-vehicle expiration schedule, meaning the firm can pause originations entirely if credit conditions deteriorate without breaching an LP mandate.

The firm concentrates origination activity in major Sun Belt growth corridors, with a documented footprint that includes Florida, Georgia, North Carolina, Texas, and Tennessee. Loan-level public records show heavy concentrations in South Florida, Atlanta, Charlotte, Dallas, and Nashville — all markets where in-migration and construction velocity sustain demand for bridge capital. The firm does not claim a national mandate and has not publicized loans in the Northeast or West Coast gateway cities.

Forman Capital's pipeline is built on repeat sponsor relationships in Sun Belt commercial real estate markets. The firm does not maintain a broker-dealer desk or a capital-markets salesforce; rather, it cultivates a network of developers, acquisition sponsors, and mortgage brokers who return to Forman for speed and execution certainty. Because the firm has closed more than 300 transactions, the partnership likely benefits from a self-reinforcing referral loop in which former borrowers become repeat clients across successive project cycles.

No. Forman Capital is an independent specialty finance firm unaffiliated with any federally regulated bank or insurance carrier. That independence gives the partnership the flexibility to move quickly — the firm can issue a signed term sheet in as little as 24 to 48 hours, according to its own marketing — but it also means the firm does not have access to the low-cost deposit funding base that a bank-owned commercial real estate platform would enjoy. The liability structure that supports origination remains undisclosed.

Forman Capital targets loans in the middle-market commercial real estate credit band, generally ranging from $5 million to $50 million, though the firm has closed outlier transactions above that range. That positioning places the firm above local hard-money lenders in scale but below the thresholds at which large institutional credit managers or insurance companies typically dominate. The mid-market focus gives Forman capital a competitive moat: deals in this band are too small for Wall Street structured-credit desks but too large for most family-run private lenders.