Registered investment advisers
You know your client. We know the loans.
We originate, underwrite, and service private loans secured by California real estate. If you’re evaluating the strategy for a client, this page gives you the documentation, the structure, and access to the people responsible for the loans.
Where this may fit
Privately originated real estate loans can complement a traditional portfolio without trying to replace it.
Alliance Portfolio originates, underwrites and services private loans secured by California real estate, and clients participate through a pooled fund or in individual loans. Whether that belongs in a particular client’s portfolio, and at what size, is your judgment, what follows is the material you would need to make it.
Lending, not ownership
A loan secured by a deed of trust on a specific California property, with the borrower’s equity ahead of it.
Income from payments
Borrowers pay interest while a loan is outstanding. Nothing has to be sold for income to arrive.
Held, not traded
No daily price and no secondary market. Capital is committed until the loan is repaid.
Diligence
Ask us the six questions your process asks.
Manager
Alliance Portfolio has originated and serviced private real estate loans in California since 1996, and the company that underwrites a loan is the company that services it.
Strategy
Private loans secured by California real estate in the coastal markets Alliance Portfolio works in; the Fund’s parameters are set out in its offering documents.
Underwriting
Four questions on every loan: the property and what it is worth today, the borrower’s equity beneath the loan, the structure and recorded position, and the defined exit.
Portfolio and concentration
A Fund investor holds the portfolio the Fund holds; an individual trust deed is deliberately concentrated in one property and one borrower.
Client fit
The Fund is available to accredited investors and an individual trust deed differs. Alliance Portfolio confirms what applies; the suitability judgment stays yours.
Terms and liquidity
Lending held to term, not a traded position. Subscription and withdrawal terms are in the offering documents; a loan returns principal when it is repaid.
The full answers live in the documents, and in a conversation with the people who make the lending decisions.
What you can expect from Alliance Portfolio.
Alliance Portfolio sends material rather than publishing it, because offering documents carry eligibility conditions and only the current version is worth reading.
- Offering documents
- The current fund documents: structure, fees, risk factors, and the conditions on subscription and withdrawal.
- Reporting
- As the documents for the client’s route set out. Alliance Portfolio confirms the current format before an investment is made rather than describing it here.
- Loan-level materials
- On an individual trust deed, the independent appraisal, preliminary title report, borrower package, structure and exit.
- Direct access
- A named contact for you and for the client, for as long as the investment is held, the people who made the lending decision.
- Underwriting context
- How the loan was assessed: the property and what it is worth today, the borrower’s equity, the structure and recorded position, and the exit.
- Coordination with the client’s advisers
- Alliance Portfolio sends the same material to the client’s CPA or attorney and will take their questions directly.
For diligence
For ongoing review
Two ways a client can participate.
The same underlying lending in two structures. Clients hold one, the other, or both, and Alliance Portfolio will talk the choice through rather than recommend it.
Pooled
Alliance Mortgage Fund
An interest in a fund holding a portfolio of Alliance Portfolio loans.
- What the client holds
- An interest in the Fund, not in any single loan.
- Who selects the loans
- Alliance Portfolio, within the strategy the offering documents set out.
- What you review
- The current offering documents.
Individual
Trust deed investments
One loan, secured by one California property, chosen loan by loan.
- What the client holds
- A recorded interest in one loan, in a stated lien position.
- Who selects the loans
- The client does, with Alliance Portfolio presenting each transaction.
- What you review
- The diligence package for that specific loan.
Bring us the questions you need answered.
Send the questions your process asks, in whatever form your file needs them. Alliance Portfolio will answer what it can answer, say plainly what it cannot, and put you in front of the people who made the lending decisions.