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Fourpoint Credit
Pranay Agrawal and Amit Miglani's Fourpoint Credit originates transitional US commercial real estate loans from New York, closed a capital raise in 2023.
Fourpoint Credit
Pranay Agrawal and Amit Miglani co-founded Fourpoint Credit in 2018, anchoring the firm in New York. The pair reunited at Cerberus Capital Management after earlier careers at Citigroup and Bear Stearns, building a track record in structured credit and distressed real assets (per public record). Their departure to launch Fourpoint reflects a broader post-crisis wave of specialized managers targeting loan originations outside the regulated banking perimeter. Fourpoint originates, underwrites, and manages transitional commercial real estate loans, spanning bridge lending, mezzanine debt, and preferred equity across US gateway and secondary markets. The firm targets value-add and opportunistic situations where sponsorship quality and collateral cash flows support a senior-secured or structured-capital solution. Asset classes in view include multifamily, industrial, hospitality, and select office repositioning plays. Fourpoint structures individual loans and manages pooled investment vehicles for institutional limited partners. Since inception, Fourpoint has deployed capital across dozens of transactions, maintaining a focused team in New York. The principals' structuring experience — Agrawal from the institutional credit side and Miglani from real estate special situations — shapes a credit-first, collateral-second approach. In March 2023, the firm closed a significant capital raise to expand its bridge-lending capacity (per the firm's public communications). No securitization vehicle or public permanent capital vehicle has been disclosed. Fourpoint operates as an independent credit manager rather than a bank-tethered originator, which shapes its deal-selection perimeter. The firm does not take deposits, does not hold loans as a balance-sheet bank would, and is not constrained by the same regulatory capital rules that pushed regional banks out of transitional CRE lending after 2022. This structural position — light, focused, unfettered by deposit flight risk — is the firm's core architecture.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Pranay Agrawal
Co-Founder & Chief Executive Officer
Amit Miglani
Co-Founder & Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Fourpoint Credit?
Co-founders Pranay Agrawal (CEO) and Amit Miglani (CIO) lead the firm. Agrawal focuses on institutional strategy, structuring, and portfolio management, while Miglani oversees underwriting and real estate special situations. Both worked together previously at Cerberus Capital Management, where they invested across structured credit and distressed real assets.
Does Fourpoint Credit operate a registered fund or a private credit vehicle?
Fourpoint Credit manages private pooled investment vehicles for institutional investors, functioning as a private credit manager rather than a publicly registered fund. The firm originates and services transitional commercial real estate loans, distributing returns through fund structures typical of the private credit asset class. No publicly traded vehicle has been announced.
What distinguishes Fourpoint's credit approach from a bank's commercial real estate lending?
As a non-bank originator, Fourpoint is not subject to the same regulatory capital requirements or deposit-flight risks that constrain regional and money-center banks in transitional CRE lending. This allows the firm to underwrite bridge loans, mezzanine, and structured capital against collateral and cash flows that a bank might reject on regulatory grounds, particularly in value-add or opportunistic situations requiring speed and flexible structuring.
Which commercial real estate sectors does Fourpoint Credit target?
Fourpoint targets multifamily, industrial, hospitality, and select office repositioning opportunities across US gateway and secondary markets. The firm favors transactions with experienced sponsorship and in-place or transitional cash flows. It has not publicly signaled a focus on retail, ground-up development without pre-leasing, or raw land, which carry risk profiles outside its structured-credit mandate.
How does Fourpoint Credit source its deal flow?
The firm sources transactions through relationships with commercial mortgage brokers, operating partners, and the principals' professional network built at Citigroup, Bear Stearns, and Cerberus. This origination pipeline emphasizes off-market and lightly marketed bridge-financing opportunities where Fourpoint's ability to commit and close quickly — a byproduct of its non-bank structure — provides leverage in competitive situations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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