Stockdale Capital Launches Debt Platform With $300 Million Target

The Los Angeles firm hired Alec Maki from Fortress Investment Group to run a senior bridge and mezzanine lending strategy focused on office, life sciences and hospitality.

By the Family Office Real Estate Daily Desk·Thursday, September 17, 2026·1 min read

Editorial summary of reporting byCommercial Observer Our editorial standards →

The answer · checked against Commercial Observer

What is Stockdale Capital Partners' new real estate credit platform and how much does it plan to lend?

Stockdale Capital Partners, a Los Angeles-based real estate investment firm managing $4.5 billion of assets, has launched a real estate credit platform targeting $300 million in loans within 12 months. Stockdale Capital Partners hired Alec Maki, who spent seven years at Fortress Investment Group, as senior vice president of credit investments to lead the strategy, which will focus on office, life sciences and hospitality assets through senior bridge loans, mezzanine debt and special situation investments.

Key facts

Stockdale Capital Partners launched a real estate credit platform with a goal of deploying $300 million in loans within the next 12 months, according to a company release.
Stockdale Capital Partners manages $4.5 billion of assets, according to co-founder and managing partner Daniel Michaels.
Loans originated through the Stockdale Capital Partners credit platform are expected to range between $15 million and $75 million in size, according to a company release.
Stockdale Capital Partners hired Alec Maki, who spent the last seven years at Fortress Investment Group specializing in real estate debt origination, as senior vice president of credit investments.
The Stockdale Capital Partners credit platform will prioritize office, life sciences and hospitality assets across numerous U.S. regions, according to a company release.
Alec Maki will work alongside Chase Jensen, now Stockdale Capital Partners' managing director of acquisitions and a former Fortress Investment Group colleague, according to the report.

Stockdale Capital Launches Debt Platform With $300 Million Target — Image: editorial illustration · Story sourced from Commercial Observer

Stockdale Capital Partners launched a real estate credit platform that aims to make $300 million in loans over the next 12 months, the Los Angeles-based firm said. The platform will deploy capital as senior bridge loans, mezzanine debt, special situation investments and note purchases across multiple asset classes and U.S. regions.

Loans will range between $15 million and $75 million and will prioritize office, life sciences and hospitality assets, the firm said. Commercial Mortgage Alert reported the news earlier.

Stockdale hired Alec Maki as senior vice president of credit investments to run the platform. Maki spent the last seven years at Fortress Investment Group specializing in real estate debt origination. He will work alongside Chase Jensen, Stockdale's managing director of acquisitions and a former Fortress colleague.

The firm will leverage its vertically integrated operational expertise across asset classes to underwrite transactions more efficiently and assess risks with greater conviction, Maki said. Stockdale manages $4.5 billion in assets.

Daniel Michaels, co-founder and managing partner of Stockdale, said the firm aims to use its operating platform to originate debt investments with greater scale, focus and consistency. The firm sees an opportunity to build a premier real estate credit platform, he said.

The Deployment Angle

Family Office Real Estate Daily Desk · our analysis, not the source's

The Stockdale launch illustrates a route family offices have been using to access the debt stack without forming a dedicated lending team: co-GP capital alongside an established operator launching a credit arm. The $300 million target over 12 months implies roughly $25 million per month in origination volume, which suggests Stockdale is seeking between $50 million and $150 million in total equity commitments if loans carry typical 60 to 75 percent advance rates.

A principal evaluating this opportunity should underwrite whether Stockdale's $4.5 billion operating book gives it genuine information advantage on the borrowers it will lend to, or whether the credit platform simply sits in the same queue as every other bridge lender. The $15 million to $75 million loan range sits below where most banks still lend comfortably but above where debt funds can deploy capital efficiently, which is the right place to extract yield—provided the underwriting can distinguish between a temporary gap and a terminal one.

Office, life sciences and hospitality are precisely the asset classes where bridge debt has been mispriced over the past 18 months, so the trade here is whether Maki and Jensen can originate at spreads that reflect actual default probability rather than the spreads that prevailed in 2021. A family office writing a cheque into this platform should insist on seeing the first five loan tapes and the decline log—what Stockdale says no to will matter more than what it says yes to.

Questions this story answers

01What is Stockdale Capital Partners' new credit platform targeting in terms of loan volume and timeline?

Stockdale Capital Partners' new real estate credit platform aims to make $300 million worth of loans in the next 12 months. Individual loans are expected to range between $15 million and $75 million and will focus on office, life sciences and hospitality assets across different U.S. regions, according to a company release.

02Who did Stockdale Capital Partners hire to run its new debt platform?

Stockdale Capital Partners hired Alec Maki as senior vice president of credit investments to lead the new credit platform. Maki spent the last seven years at Fortress Investment Group specializing in real estate debt origination, according to a company release. Maki will work alongside Chase Jensen, Stockdale's managing director of acquisitions and a former Fortress colleague.

03What types of debt instruments will Stockdale Capital Partners' credit platform deploy?

The Stockdale Capital Partners credit platform will specialize in deploying capital as senior bridge loans, mezzanine debt, special situation investments and note purchases, according to a company release. The platform will operate across numerous asset classes and different U.S. regions.

04Which property types will Stockdale Capital Partners prioritize in its new lending strategy?

Stockdale Capital Partners' new credit platform will prioritize office, life sciences and hospitality assets, according to a company release. The platform will also deploy capital across other asset classes and different U.S. regions through senior bridge loans, mezzanine debt, special situation investments and note purchases.

05How large is Stockdale Capital Partners as a firm?

Stockdale Capital Partners manages $4.5 billion of assets, according to co-founder and managing partner Daniel Michaels. Michaels said the firm aims to leverage its operating platform to originate debt investments with greater scale, focus and consistency through the newly launched credit platform.

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Original reporting

Commercial Observer

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