Primary Strategy
Distressed Mortgage Debt
Non-performing mortgage debt acquired directly from banks below collateral value, resolved end-to-end by our specialist partner: foreclosure, auction, title transfer, disposition.
428 CAPITAL — Distressed Mortgage Debt Investment
Distressed Mortgage Debt | Private Placement
Discipline Over Cycles.
Non-performing debt acquired below collateral value, bank-sourced, resolved end-to-end by a specialist partner team.
“One man’s debts are another man’s assets.”
Shaul Antebi | CEO, 428 Capital | shaul@428capital.com | Confidential
STRATEGIES
One strategy, and what it leaves behind.
Byproduct of the Debt Strategy
Real Estate
Real estate exposure generated through the debt strategy: when resolution results in taking title to the underlying collateral, that property is held or sold at attractive yields. Not a standalone capital-raising strategy — a natural extension of how distressed debt resolves.
HOW IT WORKS
One Strategy. Three Steps.
- 01Acquisition
Non-performing mortgage debt is acquired directly from banks, below the value of the underlying collateral.
- 02Legal Resolution
Foreclosure filing, judgment, auction, and title transfer are handled entirely in-house by our specialist partner — no outside litigators or brokers.
- 03Disposition
Once legal title is secured, the property is resold.
PRESENTATION
Watch: How the Strategy Works
TRACK RECORD
Ten Years in Distressed Mortgage Debt
10 Years of Experience
A decade focused exclusively on distressed mortgage debt.
Specialist Partner
A Mexico City legal and asset-management boutique dedicated to non-performing debt resolution.
Our Edge
Legal execution and disposition under one roof, fully outsourced to the partner team — no outside litigators or brokers.
Shaul Antebi — Founder & CEO, 428 Capital.
INSIGHTS
Insights
EducationAugust 17, 2026
How Distressed Mortgage Debt Investing Works
When a borrower stops paying their mortgage, the liability doesn't disappear — it becomes a discount opportunity for a specialist who can resolve it end to end.
Read
EducationAugust 10, 2026
From Debt to Deed — Where Real Estate Fits Into Our Strategy
428 Capital is a distressed mortgage debt fund, not a real estate fund. But when the legal process runs its course, the collateral can become ours to dispose of.
Read
Market CommentaryAugust 3, 2026
Why We Focus on Bank-Originated Distress
Direct sourcing from banks means we underwrite each loan against its actual collateral, not a pool-level average. That is the difference between statistics and execution.
ReadINVESTMENT TERMS
Terms at a Glance
- Minimum Investment
- Available on request
- Distributions
- Quarterly, per deal resolution schedule
- Management Fee
- 2% of LP equity, quarterly
- Offering
- Reg D 506(c)
Preferred return, profit split, and full entity structure are being finalized and will be confirmed in the formal Private Placement Memorandum (PPM). Please refer to the term sheet for full detail.
WAYS TO PARTNER
Two Ways to Partner
A
LP Investment
Invest directly as a limited partner. Investment minimum available on request.
Direct LP
A
LP Investment
Invest directly as a limited partner. Investment minimum available on request.
Direct LP
B
Distribution Partner
Introduce 428 Capital to qualified clients. Earn a placement fee or preferred co-investment terms.
Placement FeeCo-Investment
CONTACT
Let's Build Something Together
01
Share Your Assessment
Tell us honestly — does this fit what your clients are looking for?
02
Introduce One Client
One qualified introduction is all we need to prove the model.
03
Deal Package in 48 Hours
We'll send a complete package for your team to review.