Robert Kravitz Outlines the Conditions That Determine When Private Capital Is the Right Tool for a CRE Transaction

DELRAY BEACH, FL / ACCESS Newswire / April 19, 2026 /When Conventional Lending Cannot Move Fast Enough

Commercial real estate transactions often arrive with timelines that institutional lenders cannot accommodate. A closing window that requires commitment in days rather than weeks, a project that sits outside standard bank guidelines, or a borrower with a complex ownership structure can push a deal outside what most conventional sources will underwrite. For borrowers navigating that gap, understanding when private capital is the right tool - and when it is not - matters before the negotiation starts.

Kravitz has structured thousands of transactions from both sides of the capital stack. His firm, NFRC Companies, operates as a direct lender across senior debt, mezzanine financing, preferred equity, and bridge lending for commercial deals primarily between $1 million and $100 million. His perspective on when private capital fits is grounded in deal mechanics, not marketing.

The Conditions That Make Private Capital the Right Fit

Kravitz identifies several conditions where private capital consistently adds value. The first is speed. When a borrower needs to close before a bank committee can convene, private capital can underwrite and commit in a fraction of the time. The second is structure. Deals with mezzanine layers, preferred equity components, or unusual collateral arrangements often require a lender who understands the full capital stack rather than a single product.

The third condition is distress. Assets coming out of a workout, borrowers refinancing out of a non-performing situation, or projects requiring capital to stabilize before a conventional refinance are all scenarios where private lenders with workout experience can find workable solutions that institutional lenders will not touch.

What Borrowers Should Evaluate Before Approaching a Private Lender

Kravitz, as a direct lender, recommends that borrowers clarify three things before engaging a private capital source: the actual closing timeline, the complexity of the capital structure required, and whether the deal is in a distress scenario or a clean origination. These distinctions affect pricing, underwriting speed, and which type of lender is appropriate.

He also notes that understanding the difference between a direct lender and a broker matters. A broker accesses capital from other sources and cannot make binding commitments. A direct lender controls the capital, makes the decision, and closes from its own balance sheet. In time-sensitive transactions, that distinction is operational, not semantic. As a direct lender, Robert Kravitz emphasizes that control of capital and the ability to make binding decisions is what separates execution from uncertainty in time-sensitive transactions.

About Robert Kravitz

Robert Kravitz is the President and Managing Partner of NFRC Companies in Delray Beach, Florida. He operates as a direct lender managing approximately $2.7 billion in aligned private capital across commercial real estate, bridge lending, and business finance. He has personally closed more than 3,200 residential, commercial, and business loans since the late 1990s. More information is available at robertkravitzdirectlender.com.

Media Contact

Robert Kravitz
info@robertkravitzdirectlender.com
https://www.robertkravitzdirectlender.com/

SOURCE:Robert Kravitz

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