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.

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.

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.

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.

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.