Capital for projects that don’t fit a lender’s box.
TLPG Capital structures and sources debt, structured capital, and equity for sponsors, developers, and owners on complex transactions across the United States and internationally.
Fewer boxes. More ways to get it done.
Banks and agency lenders work inside fixed limits: hold sizes, approved property types, leverage boxes, and stabilized-only rules. Because TLPG Capital works across private credit, debt funds, family offices, and institutional capital, most of those limits don’t define the deal. Our proprietary sourcing platform reaches 6,000+ lending and capital sources, from banks and credit unions to debt funds, private credit, and private equity. Each capital source still has its own criteria, and our job is to match the project to the ones built for it.
Project types that regularly come across our desk
Hospitality and resorts
Hotels, resorts, branded residences, and conversions, from ground-up through repositioning.
Energy and infrastructure
Solar, battery storage, power generation, and related infrastructure.
Data centers and digital infrastructure
Powered land, data center development, and connectivity assets.
Multifamily and build-to-rent
Ground-up, value-add, lease-up, and portfolio transactions.
Mixed-use and urban development
Residential, retail, office, and hospitality combined in one project.
Industrial and logistics
Warehouses, distribution, cold storage, and flex space.
Healthcare and senior living
Senior housing, assisted living, medical office, and care facilities.
Entertainment, sports, and studios
Film and production studios, venues, and sports and recreation facilities.
Student housing
Purpose-built and off-campus housing near universities.
Office and retail repositioning
Conversions, redevelopment, and recapitalization of transitional assets.
Land and master-planned communities
Acquisition, entitlement, horizontal development, and phased build-out.
Special-purpose assets
Self-storage, marinas, schools, parking, and other assets banks avoid.
When the usual sources say no, or not yet
Construction completion and cost overruns
Gap capital to finish a project when budgets or timelines move.
Loan maturities without a take-out
Bridge or refinance capital when the existing lender won’t extend.
Recapitalizations and partner buyouts
Restructuring ownership or returning capital without selling the asset.
Time-sensitive acquisitions
Capital that can move on a contract deadline, with a path to permanent financing.
Stalled or distressed projects
Rescue capital to restart, stabilize, or reposition.
Cross-border sponsors and projects
Foreign sponsors investing in the U.S., and U.S. sponsors with projects abroad.
The right layer for each part of the stack
Large projects rarely fit one lender. We build the capital stack around the business plan, then take each layer to the sources best suited to execute it.
Capital relationships that cross borders
We work on projects in markets across the United States and in the world’s major hospitality and destination markets, from Mexico, the Caribbean, and South America to Europe, the Middle East, and Southeast Asia. Our team brings experience in the U.S., the U.K., and Europe, and works in multiple languages.
From first look to closing
Initial review
Executive summary, sources and uses, sponsor background. An early, honest read on what’s realistic.
Structuring
Leverage, coverage, and exit tested the way a capital provider will test them.
Packaging
Deal package and data room organized for fast review.
Sourcing
Targeted outreach, under NDA, to the sources that fit.
Term sheets to close
Terms compared on fit and execution risk, not just pricing, through closing.
What we need to review a deal
Executive summary and the request · Sources and uses · Sponsor background, track record, and financial statement · Property details, existing debt, and operating history · Budget and pro forma for construction and value-add · Business plan and exit strategy
Experienced people on every deal
Bobby Afrasiabi
21 years of lending experience. Works directly with private equity firms, debt funds, and institutional lenders to structure and source capital for sponsors and developers.
Gloria D’Molina
18+ years in direct investment, infrastructure, hospitality, and investment banking across the U.S., the U.K., and Europe, with long-standing family office relationships.
Have a project that needs a different kind of capital?
Send the executive summary. We’ll tell you early whether there’s a fit. NDA available on request.