Secured Note Capital was founded with a clear purpose: to create a disciplined and transparent way for investors to participate in real estate through first-position mortgage notes without the challenges of being a landlord. Our background is rooted in both real estate and finance, and we recognized a need for a firm that treats note investing with the same care and rigor as traditional property investing. At our core, we believe strong investments begin with strong collateral, thoughtful underwriting, and genuine respect for the families and communities connected to each property.
Expert Team Dedicated to Your Mortgage Note Success
Our Purpose
Focus on Community-Centered Assets
We focus on mortgage notes secured by single-family homes, residential lots, and affordable housing because these assets sit at the heart of stable communities. Rather than chasing speculative projects, we anchor our work in properties that people live in every day, including primary residences, entry-level homes, and buildable lots in established or growing neighborhoods. This approach supports responsible homeownership while giving investors exposure to real estate they can understand and feel confident about.
Commitment to First- Position Notes
What sets Secured Note Capital apart is our commitment to first-position liens and rigorous due diligence. Before we acquire or originate any note, we carefully evaluate borrower strength, property value, loan-to-value ratios, and local market conditions. We do not believe in shortcuts when it comes to risk management. That same discipline continues throughout our ongoing portfolio management, where we monitor performance and communicate openly with our investors.
Supporting Affordable Housing
We are also deeply committed to the role of affordable housing in our investment strategy. We believe there is a way to align financial goals with meaningful community impact by focusing on homes and neighborhoods where everyday families can realistically live and build stability. Investing in notes tied to reasonably priced properties not only makes sense from a risk perspective, but it also helps support long-term demand and healthier communities.
Long-Term Investor Relationships
At Secured Note Capital, relationships matter. We aim to be a long-term partner to our investors, not just a one-time transaction. That means clear reporting, straightforward explanations, and accessibility whenever questions arise. We want our investors to understand not only what they are invested in, but also why those decisions were made and how their capital is working for them.
Our Approach
Ultimately, Secured Note Capital exists to offer a smarter and more grounded way to participate in real estate credit through carefully selected and well-secured first-position mortgage notes. By combining disciplined underwriting, a focus on single-family and affordable housing assets, and a commitment to transparency, we strive to build portfolios that create lasting value for our investors and meaningful stability for the families who live in the homes behind each note.
Leadership
FRED HOBBS
Fund ManagerFred Hobbs is the Principal responsible for the Fund's acquisition, underwriting and portfolio management. His background spans 26 years of mortgage origination, private-money lending and 20 years of loan servicing, giving him direct, first-hand experience managing notes through servicing, payoff negotiation and foreclosure proceedings.
LAUREN CLINKSCALES
Portfolio ManagerLauren Clinkscales serves as Portfolio Manager, bringing two decades of program and operational leadership from her role as Director of the Global Programs Office at a major business school. Her experience overseeing complex, multi-stakeholder programs and operating budgets translates directly to disciplined portfolio oversight and investor relations.
AMY ARMSTRONG
Loan OperationsAmy Armstrong brings over 10 years of mortgage underwriting and origination experience, including her tenure at Texas Mortgage Capital Corporation. Since 2022, she has served as Loan Booking Manager for SecureNet Loan Services, overseeing loan set-up, borrower and lender requirements, and reporting across the Fund's loan operations platform. She is also a licensed Real Estate Agent, respected by buyers and sellers alike for her attention to detail and ethical standards.
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