01Flagship
Debtor-In-Possession Loans
Specialized Financing for Debtors Operating Under Chapter 11 of the United States Code
DIP Lending • Special Situations Credit
Real Estate LendingFor Special Situations
364 Capital is a direct private lender specializing in bespoke financing solutions for real estate owners in special situations, with a core competency in bankruptcy restructuring and debtor-in-possession (DIP) financing.
About 364 Capital
Capital to Succeed
We are not afraid of problems. Instead, we help solve them when traditional credit markets are unable or unwilling to provide capital, often due to complexity, distress, fatigue, or time-sensitive circumstances.
Our borrowers want to complete what they've started and preserve the equity value of their assets. In many instances, creditors that have the least amount of risk are unwilling to fund — or stop funding altogether — the remaining capital needed to execute on a plan that would result in a successful outcome for all parties involved.
Our loans provide the capital that is needed to fight back against aggressive creditors, execute on a business plan, and recapture equity that would otherwise be unrecoverable.
Across the Asset Lifecycle
Our lending platform enables borrowers to preserve liquidity and unlock equity by financing the key investments that drive asset performance and value creation.
- 01Acquisition
- 02Asset Preservation & Carry
- 03Entitlement
- 04Horizontal Development
- 05Vertical Construction
- 06CapEx & OpEx
- 07Leasing & Buildout
- 08Sale & Disposition
What We Do
Loan Products
Creative financing solutions that support borrowers across complex and distressed situations, with a focus on asset preservation and value creation.
02
Post-Petition Loans
Specialized Financing for Independent Managers or Trustees of a Debtor Operating Under Chapter 11 of the United States Code
03
Receivership Certificate Loans
Specialized Financing to Court Appointed Receivers to Fund the Continued Operation or Preservation of a Distressed Property
04
Senior Secured Loans
Short Duration Loans (1-2 years) Against Real Estate
05
Exit Loans
Senior Secured Loans for Debtors to Exit Bankruptcy
The Differentiator
Debtor-in-Possession Financing
When a company files Chapter 11, it requires access to liquidity to operate and execute on certain strategic initiatives that will prevent irreparable harm to its assets, maintain going-concern value for its business, and maximize the return to all creditors and parties of the estate. This highly specialized financing requires court approval that generally takes 45 days to close from the date that the debtor enters a motion to approve DIP financing. However, in critical situations, the debtor may petition the court for approval of a DIP loan on an emergency basis, which can close in a matter of days.
01
Immediate Operating Liquidity
A DIP facility provides the working capital a debtor needs to fund payroll, suppliers, and operations from day one of a Chapter 11 case — preserving going-concern value while the business reorganizes.
02
Priming Liens & Superpriority
DIP loans are typically granted superpriority administrative claim status and, where warranted, priming liens that sit ahead of existing secured lenders — subject to adequate protection and Bankruptcy Code Section 364 requirements.
03
Roll-Ups & Defensive DIPs
We evaluate roll-up structures that convert pre-petition exposure into the DIP, as well as defensive and offensive facilities — sizing each to the case, the collateral, and the path to a confirmable plan.
04
Court Approval & Milestones
Financing moves through interim and final orders, with budgets, case milestones, and reporting baked in. We are fluent in the cadence of first-day motions, the §363 process, and the dynamics of the courtroom.
05
Timing & Certainty
Distress punishes delay. We underwrite on compressed timelines and commit discretionary capital — giving debtors, advisors, and counsel the certainty that the money will be there when the court signs the order.
06
Path to Emergence
A DIP is a bridge to a plan. We structure facilities with takeout, conversion, and exit financing in mind — aligning our capital with a credible road to confirmation and emergence.
Our Approach
Our Approach
Built for complex situations — institutional discipline, decisive capital, and structuring that works when others walk away.
Execution Certainty
We move quickly because distressed situations punish delay.
Bankruptcy Fluency
Deep knowledge of Chapter 11, DIP orders, and courtroom dynamics.
Creative Structuring
We structure around complexity, not away from it.
Borrower Alignment
Financing paths that preserve value through pressure.
Discretionary Capital
Decisions made by owners, not committees.
Absolute Discretion
Total confidentiality for sensitive deal flow.
Track Record
20+ Years of Experience
364 Capital is led by principals with over two decades of direct lending, restructuring, and real estate credit experience across multiple cycles. Our team has originated, structured, and worked out significant volume in senior, subordinate, and rescue capital across recessions, dislocations, and idiosyncratic credit events spanning construction/development, real estate, and hotels. We've sat on both sides of the table — as lenders, as workout professionals, and as principals — which is why bankruptcy counsel, financial advisors, and sophisticated sponsors bring us their hardest deals. We don't learn on your transaction. We've already seen it.
$0B+
Cumulative originations across senior, sub, mezz, and DIP
Construction / Development • Real Estate • Hotels
Core sector expertise across the capital stack
When the clock is the covenant.
Who We Work With
Our Counterparties
We partner with the professionals and principals who navigate distress and special situations.
01
Restructuring Advisors
02
Bankruptcy Counsel
03
Chief Restructuring Officers
04
Real Estate Sponsors
05
Distressed Borrowers
06
Special Situations Investors
Get in Touch
Have a Deal? Let's Talk.
Send core facts, timing, and collateral. We engage quickly and confidentially.