Distressed Debt.
We acquire non-performing and sub-performing commercial real estate loans and pursue the right resolution, through to ownership.
We invest in commercial real estate opportunities created by complexity, transition, and event-driven situations.
Strong commercial real estate assets get overlooked when complexity obscures the path to them. Most buyers and lenders step aside.
We start there.

Loan maturities, refinancing gaps, lender fatigue, non-performing and sub-performing loans.
Fractured ownership, generational transfers, estates, partnership realignments.
Remediation obligations, regulatory exposure, historic industrial use.
Non-conforming uses, entitlement hurdles, redevelopment constraints.
Vacancy, deferred maintenance, tenant instability, repositioning needs.
Our edge begins with sourcing. We use data and AI to identify complex loan and property opportunities early, often before they reach the market.
Source early We surface distressed loans and complex properties ahead of the broader field.
See the whole picture Ownership, liens, debt, environmental history, and entitlements, in a single view.
Technology finds the opportunity. Experience turns it into a result.
Every situation has a source of complexity. Our process finds it.
The asset, ownership, debt, and operating context.
The factors driving the uncertainty.
The structure the situation calls for.
Disciplined execution toward resolution.
We acquire non-performing and sub-performing commercial real estate loans and pursue the right resolution, through to ownership.
We acquire complex commercial real estate directly, where complexity has kept conventional buyers away.
We buy performing loans and originate new financing where direct credit is the most effective solution.
We provide capital and restructure ownership for properties in transition or distress.
We partner with owners and operators to move complex assets forward.
1914 Capital is a commercial real estate special situations firm. Our approach is situation-driven, not strategy-driven. We determine what a situation requires, then act by acquisition, debt investment, recapitalization, joint venture, or another structure.
Based in the New York metropolitan area, we focus on the Northeast, with select opportunities across the East Coast.
If you’re managing a complex situation, evaluating a transaction, or seeking capital, we welcome a direct conversation.
Every inquiry is confidential.