Most investors wait for the building to exist.
We arrive when it's still a cleared lot.
Ground-up construction is where the most significant risk-adjusted returns in real estate are generated — and where most private investors have no access. Groundbreak closes that gap. We source entitled sites, structure the capital stack, and place accredited investors into positions that institutional builders rely on.
Our clients aren't becoming developers. They're becoming the capital that makes development possible — with the protections, waterfalls, and exit certainty that the deal demands.
Development Pipeline
Active Markets
Deals Reach CO
Avg Equity Multiple
All figures represent aggregate portfolio metrics across Groundbreak-advised transactions 2019–2025. Past performance does not guarantee future results.
From entitled dirt to certificate of occupancy.
Site Acquisition
We identify sites with entitlements in place — zoning approvals, utility access, and environmental clearance — eliminating the years of pre-development risk that destroys returns.
Capital Stack
Senior debt, mezzanine, preferred equity, and JV equity positions are sized and placed. Your capital enters at the optimal layer for your risk appetite.
Vertical Construction
Monthly draws against the construction budget. Groundbreak monitors milestones, approves disbursements, and flags variance before it becomes a problem.
Stabilization & Exit
Certificate of occupancy triggers the lease-up or sale process. Capital is returned with preferred returns and profit participation per the agreed waterfall.
The capital stack, layer by layer.
Each position in a development's capital stack carries different risk, return, and rights. We match investors to the layer that aligns with their mandate.
Senior Debt
First-lien position against the land and improvements. Lowest risk profile, current pay preferred. Suited for capital preservation mandates seeking real estate yield.
Preferred Equity
Preferred return accrues at 14% annually, paid before any common equity distribution. Equity kicker participates in upside above a negotiated threshold.
JV Equity
Co-GP or LP position alongside the developer. Full upside participation with pro-rata profit sharing. Highest return potential, commensurate risk.
Mesa Ridge
Multifamily
284-unit Class A multifamily, Phoenix MSA.
Entitled, shovel-ready. Anchor LP committed.
$2.5M remaining · Closes March 28, 2026
Review current allocations.
Tell us about your position and we'll send a summary of current offering memoranda matched to your mandate. No commitment required to review.
Download the
Q3 Deal Summary.
12 pages. Deal summaries for three active construction offerings — asset class, market, structure, and target returns. No commitment required.