C2R Capital executed the acquisition of a first-position note secured by a large-scale residential development tract in a high-growth submarket of the Southwest U.S. The distressed senior loan—originally extended by a regional lender—was tied to land entitled for future housing development and carried a default interest rate of 18%.

By acquiring the matured debt at a strategic basis, C2R assumed a low-leverage, high-yield position backed by flexible, development-ready land. The property’s unique entitlement structure offers optionality and upside, making it a prime candidate for repositioning or resolution.

This deal exemplifies C2R’s ability to identify and capitalize on special situations—deploying speed, discretion, and structuring expertise to generate outsized, risk-adjusted returns.