Harvest River Capital
How capital is put to work, the projects that qualify, and the controls at every stage.
Our strategy
First-lien construction and renovation loans to builders, developers and investor entities in Middle Tennessee, funded in draws against verified progress.
Acquisition at closing; construction money in draws, paid only for work in place.
Payments, draw pace, budget, liens and insurance reviewed every month.
Repaid from the sale, refinance or lease-up of the completed property, at today's values.
RenderingSingle-family, duplex and 2 to 4 unit homes; selected commercial and mixed-use.
Structural or systems renovation with a clear exit: sale, lease or refinance.
Second liens, land-only loans, owner-occupied property and consumer loans.
A business borrower applies with the project, budget, amount and exit.
We test the borrower, project, market, collateral and exit.
Documents signed and the first-lien deed of trust recorded.
Money is released only for work that is in place.
Every active loan is reviewed monthly until repaid.
Repaid from sale, refinance or lease-up.
Risk
Our controls are designed to reduce risk, not remove it.
A first lien, guaranties and underwriting reduce risk but do not guarantee against loss.
What could happenCosts can exceed budget and reduce the equity cushion.
How we manage itBudget review against our cost model, required contingency, change-order approval and monthly variance tracking.
What could happenWeather, permits or trades can push completion and add carrying cost.
How we manage itTrade-sequenced schedules, interest reserves on new construction, and draws suspended when a project falls behind.
What could happenHome values can decline before a project is sold or refinanced.
How we manage itValue limits on as-completed appraisals, recent comparable sales, and exits that work at today's values.
What could happenA borrower may stop paying or abandon a project.
How we manage itPersonal and completion guaranties, a defined delinquency timeline, workouts, and the ability to finish a project ourselves.
What could happenUnpaid trades can file liens against the property.
How we manage itLien waivers with every draw, title date-downs and mechanic's lien title coverage.
What could happenLoans grouped in one borrower or county move together.
How we manage itFund-level limits by loan, borrower, county and affiliate loans.
What could happenLoans to projects Harvest River has an interest in create conflicts.
How we manage itThe same underwriting standards and advance approval by the investor Advisory Committee.
What could happenCapital is tied up in loans and projects that take months to repay.
How we manage itRedemption terms are set only by the fund's offering documents.
Oversight
Budget, schedule and quality tracked on every project, with site visits and documented change orders.
Payments, escrows, draws, inspections and payoffs serviced in-house, with a borrower portal.
Same underwriting standards, plus advance approval by the investor Advisory Committee.
Team
Licensed Tennessee general contractors and active developers.
Full BC general contractor (TN #79399) and licensed REALTOR (TN #347719). Fifteen-plus years as a developer and builder, leading 250+ real estate acquisitions and development projects across Middle and West Tennessee.
Full BC general contractor (TN #85098). Ten years in consumer, business and mortgage banking before moving full-time into development, with a focus on highest-and-best-use entitlement.
Governance
Development and construction: land, entitlements, custom homes and communities.
The fund, and lender of record on fund loans.
Manager of the fund. Originates and services the fund's loans.
Decisions
Loans are underwritten and approved by the Manager under written lending standards. Final terms are set in the commitment letter and loan documents.
Approved by the Manager only when track record, deal strength and guarantor liquidity justify it, documented in the credit memo and reported to investors.
Affiliate loans, and any loan above a concentration limit, need advance approval by the investor Advisory Committee.
Harvest River Holdings LLC services the loans and receives borrower-paid fees under the Loan Origination and Servicing Agreement.