22*
Completed projects since 2005
For Lenders
Lend Alongside a Team That Builds, Guarantees and Sells.
Assemble Capital and Thornton Development Group develop new small-lot homes and luxury residences across Los Angeles. We work with a short list of construction and bridge lenders on repeat programs, and we’re always glad to meet new lending partners.
Lenders we’ve worked with
- Anchor Loans
- Genesis Capital
- Lendyx
- Churchill
- ARIXA Capital
- Convoy Home Loans
- Archwest
Lenders that have financed projects of the principals and their affiliated entities. Names are shown for identification only and do not imply endorsement.
The Borrower
Why Lenders Repeat With Us.
Two decades of building in Los Angeles, one team from acquisition to sale, and principals who stand behind every loan.
50+*
Homes delivered by the principals
20+*
Years developing in Los Angeles
0*
Notices of default or foreclosures in ~20 years
Personal guarantees
The principals guarantee our construction and bridge loans personally, so the people running the project are on the hook for it.
In-house construction
Thornton Development Group manages the build, led by a licensed general contractor, with clean draw requests and on-site accountability.
Built-in exit
Fee-simple SB 684 homes sell one at a time with conventional buyer financing; the principals’ brokerage handles every sale.
Repeatable programs
Four Culver City SB 684 projects run the same plans, architect and sequence, so underwriting gets easier with every loan.
* Figures reflect projects completed by the principals since 2005, through Thornton Development Group and affiliated entities and one Assemble Capital project, based on internal records. See Risks & Disclosures.
What We Finance
The Loans We Place.
Residential projects in Los Angeles and select Southern California markets.
Acquisition & bridgeInfill lots and homes bought at land value, closing on short timelines.
Entitlement refinanceRefinancing entitled land with interest reserves through permit issuance.
Ground-up constructionSB 684 and SB 1123 small-lot homes, five to ten fee-simple units per site.
Luxury remodelsValue-add single-family projects in Class A, A− and B+ neighborhoods.
Hillside & new buildsSelective single-family construction in the Hills and on the Westside.
Unit-release structuresPaydowns as individual homes sell, instead of a single bulk exit.
Current Pipeline
Projects in Motion.
Our active SB 684 projects in Culver City. All current projects →
Working Together
From Intro to Final Draw.
01Intro call
We walk through your programs, leverage, pricing and the markets you lend in.
02Sponsor package
Track record, schedule of real estate owned and personal financial statements for the guarantors.
03Deal package
Contract, plans and entitlement status, budget, schedule and comparable sales for each loan.
04Close & draw
Monthly draw requests, site inspections and straightforward reporting through payoff.
Questions
Lender FAQ.
Who guarantees the loans?
The principals personally guarantee the construction and bridge loans on our projects. Our investors never sign personal guarantees.
Who builds the projects?
Construction is managed in-house through Thornton Development Group, led by RC Thornton, a licensed general contractor. Budgets, draw schedules and inspections run through one accountable team.
What do you typically finance?
Acquisition and bridge loans on infill lots and homes, entitlement-stage refinances, and ground-up or remodel construction loans with interest reserves, for SB 684 small-lot homes and luxury single-family projects.
Where are your projects?
Primarily the Westside of Los Angeles and Culver City, plus the Hollywood Hills and select South Bay, Orange County, San Diego and Santa Barbara markets.
How are the homes sold?
SB 684 homes sit on individual fee-simple parcels and sell one at a time with conventional buyer financing, so loans can be paid down through unit releases. Sales are handled through the principals’ affiliated brokerage.
What does a loan package include?
Sponsor materials (track record, schedule of real estate owned, personal financial statements) plus a per-project package: purchase contract, plans and entitlement status, construction budget and schedule, and comparable sales.
Lending Partners
Let’s Talk Programs.
Oliver Thornton leads financing for Assemble Capital. Send your term sheet, program guide or a note about what you’re lending on.