Four principles.
Short. Capital is committed for the length of a closing, not a market cycle. We are not tied to the stock market or to where home prices go next year.
Secured. Each deal is documented with purpose-built contracts and, where applicable, recorded filings. Documentation varies by deal type and state.
Seen. Funds move through a licensed title company or closing attorney, with a settlement statement every party can read.
Like an insurer. Assume the deal slips. Decide what we would cover if it did. We turn down far more than we take.
How we underwrite.
Underwriting starts with the question an insurer asks: what happens if this goes wrong? Before any capital moves, we look at the contract, the parties, the title company or closing attorney handling settlement, and the path to closing. As a rule, if we can’t exercise real control over how our money comes back, we don’t fund it.
Most of the deals we review are declined. That is the point. Saying no is the cheapest risk control there is.
What we avoid.
- Exposure to the daily swings of the public markets.
- Long-dated bets on where home prices will be next year.
- Deals that settle anywhere other than through a licensed third party.
- Anything we cannot document before the money moves.
How the two companies fit.
Pinecone Capital, LLC is the general partner. It directly manages a private fund that is limited to people who know us and whom we have approved.
Real Quick Funds, LLC is the operating company, an affiliate of the general partner. It provides business-purpose transactional funding, such as earnest money deposits and double closes, to real estate investors and wholesalers, and works directly with title companies and closing attorneys.
Pinecone’s capital is put to work through Real Quick Funds’ transactions. Learn more at realquickfunds.com ↗.
