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Twenty One Capital
Twenty One Capital, founded in 2016 by Mario Romano, structures fractionalized commercial real estate debt for individual investors through Reg A+...
Twenty One Capital
Twenty One Capital was established in 2016 by Mario Romano, initially operating as a direct private lender originating short-term bridge loans secured by commercial real estate. The firm transitioned from a closed balance-sheet model to an asset management structure, launching an online platform that allows individual accredited investors to participate in individual real estate debt investments. The firm's origin as a non-bank lender in South Florida informs its asset selection, concentrating on value-add and transitional properties requiring capital infusions that conventional banks typically avoid. The firm's investment strategy centers on originating, underwriting, and servicing first-lien commercial mortgage loans, then offering fractional interests in those loans to investors through Regulation A+ offerings. Loan types include acquisition financings, refinancings, and renovation bridge loans, with underlying collateral spanning multifamily, mixed-use, office, and retail properties, primarily in Florida and select Southeast US markets. The firm retains a portion of each loan on its own balance sheet, maintaining alignment with external investors. Twenty One Capital also launched a technology subsidiary to operate its investor portal, handling subscription processing, distributions, and tax reporting. Twenty One Capital maintains its headquarters in Fort Lauderdale. The firm has publicly discussed scaling its origination capabilities and investor base through digital acquisition channels rather than traditional wealth management distribution. Its legal structure involves a parent entity that houses both the lending operation and the capital-raising arm, with separate subsidiaries for technology and real estate holding activities. In 2022, the firm publicly disclosed expansion into Latin American real estate debt markets, targeting US dollar-denominated loans collateralized by institutional-quality assets in Mexico and Colombia (per the firm's official communications). The firm's structural differentiator is its use of Tier 2 Regulation A+ offerings to democratize access to commercial real estate debt, an asset class traditionally reserved for institutional lenders and private debt funds. Unlike peer-to-peer lending platforms that aggregate consumer or small-business loans, Twenty One Capital originates and services each loan directly, creating a vertically integrated structure that combines balance-sheet lending with technology-enabled fractionalization.
General information
Firm type
Asset Manager
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Fort Lauderdale
Corporate office
Fort Lauderdale, FL, United States
Principals
Mario Romano
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Twenty One Capital?
Mario Romano serves as CEO and leads the investment committee. The firm's underwriting team, based in Fort Lauderdale, evaluates each commercial real estate loan before origination. Twenty One Capital retains a portion of each loan on its own balance sheet, which the firm cites as evidence of alignment between its investment team and external investors.
How does Twenty One Capital source its real estate debt deals?
The firm originates loans directly through its network of commercial mortgage brokers, property developers, and real estate investors, primarily in Florida and the Southeast US. Since 2022, it has also begun originating US dollar-denominated loans in Mexico and Colombia. Twenty One Capital does not purchase loans on the secondary market; all investments are self-originated first-lien mortgages.
Is Twenty One Capital a single family office or an asset manager?
Twenty One Capital operates as an asset manager, not a family office. It raises capital from external accredited investors through Regulation A+ offerings. The firm's CEO, Mario Romano, founded the business after experience in private real estate lending, not from managing a family's wealth.
What types of real estate collateral does Twenty One Capital lend against?
The firm's loan portfolio is secured by commercial properties including multifamily apartment buildings, mixed-use developments, retail centers, and office buildings. Loans are structured as short-term bridge financing — typically 12 to 24 months — for acquisitions, refinancings, and renovation projects. The underlying properties are generally value-add or transitional assets in need of capital improvements or lease-up.
How are Twenty One Capital's investment offerings structured from a regulatory standpoint?
The firm uses Tier 2 Regulation A+ offerings, which permit it to raise up to $75 million annually from both accredited and non-accredited investors, though the firm primarily targets accredited individuals. This structure requires SEC qualification for each offering, audited financials, and ongoing reporting, providing a level of disclosure not typical for private real estate debt funds.
Does Twenty One Capital invest in fund vehicles or only individual loan participations?
Twenty One Capital's model is based on fractional participation in individual loans rather than pooled fund structures. Investors select specific loan offerings on the firm's platform, receiving pro-rata interest payments and principal return tied to that single loan's performance. The firm does not currently operate a blind-pool fund.
What is Twenty One Capital's known posture on co-investments alongside institutional lenders?
Twenty One Capital typically acts as the sole first-lien lender on its originations, retaining a portion of each loan while syndicating the remainder to its investor base. The firm does not commonly co-lend alongside institutional debt funds or banks, though its borrower profile — value-add commercial property sponsors — often overlaps with borrowers who also secure mezzanine or preferred equity from other capital sources.
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