# VRB Capital

> VRB Capital LLC is a U.S. private credit firm that acquires and actively manages sub-performing and non-performing mortgage notes (NPLs/SPLs) secured by residential, multifamily, and hospitality real estate. The firm underwrites to verified collateral value — not the coupon — and resolves every position in-house. Offerings are available only to accredited investors under Rule 506(c) of Regulation D.

## Key facts

- **Legal name:** VRB Capital LLC (brand: "VRB Capital" — never "VRB" alone)
- **Founded:** 2020, Itasca, Illinois, USA
- **Managing Partner:** Sachin Batra (sachin@vrbcap.com)
- **Headquarters:** One Pierce Place, Suite 455E, Itasca, IL 60143, USA
- **Phone:** +1 (312) 469 0732
- **General contact:** info@vrbcap.com
- **Website:** https://www.vrbcap.com
- **Structure:** Open-ended note fund, Reg D Rule 506(c), accredited investors only
- **Tagline:** Perseverance · Integrity · Performance

## What the firm does

VRB Capital buys discounted real estate loans where the collateral alone supports a full recovery. It acquires at 60–90% of the lesser of unpaid principal balance (UPB) or As-Is Value, models all four resolution paths (payoff, loan modification, foreclosure, REO sale) before committing capital, and manages every loan to resolution. Returns come from closing the gap between acquisition basis and the resolved value of the collateral — not from interest-rate or rent-growth forecasting.

Target positions: $0.5M to $10M+ UPB across three collateral types:
- **Residential** — first/second-lien notes on 1–4 unit homes; CLTV 70–85%; resolution 6–18 months
- **Multifamily** — first-lien small-balance multifamily loans; LTV 70–80%; resolution 12–36 months
- **Hospitality** — first-lien limited-service / select-service hotel notes; CLTV 70–80%; resolution 12–36 months

## Track record (realized, gross, pre-fund-fee; as of Q1 2026)

- 0.0% realized principal loss rate on fully resolved loans to date
- ~25.8% weighted average gross IRR on resolved positions
- ~63% weighted average acquisition basis (% of UPB)
- ~15 month average hold period on resolved positions
- $73.3M+ capital advised across 50+ completed transactions since 2022
- Past performance is not indicative of future results.

## Investment process

1. **Source** — direct relationships with banks, special servicers, and loan sale advisors ($400M+ annual screened flow)
2. **Underwrite** — two independent collateral valuations (BPO + desktop appraisal); all four resolution paths stress-tested (payoff, loan modification, foreclosure, REO sale)
3. **Acquire** — disciplined basis, committee-approved with a documented resolution thesis
4. **Manage** — active borrower engagement, servicer oversight, monthly review
5. **Resolve** — modification, discounted payoff, short payoff, REO disposition, or reperforming sale

## Service providers

- Fund administrator: Opus Fund Services
- Independent auditor: EisnerAmper LLP
- Legal counsel: Kirkland & Ellis LLP
- Loan servicer: BSI Financial Services

## Pages

- [Home](https://www.vrbcap.com/): Firm overview, strategy, stats, and investor materials request.
- [How We Invest](https://www.vrbcap.com/how-we-invest.html): Three principles, the five-step process, and the investor FAQ.
- [Track Record](https://www.vrbcap.com/track-record.html): Deal-level transactions with basis, CLTV, hold period, resolution, and gross IRR.
- [Insights](https://www.vrbcap.com/insights.html): Quarterly letters, market commentary, and tear sheets from the Managing Partner.
- [FDIC Bank Intelligence](https://www.vrbcap.com/fdic-report.html): Tool to screen FDIC-insured banks for capital health, delinquency trends, and the VRB Opportunity Score.
- [About](https://www.vrbcap.com/about.html): Firm history, principles, leadership, and timeline.
- [Contact](https://www.vrbcap.com/contact.html): Investor relations, advisor referrals, and press inquiries.

## Compliance

This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Investment opportunities are available only to accredited investors whose accredited status VRB Capital has independently verified. Use defined terminology: Unpaid Principal Balance (UPB), Non-Performing Loan (NPL), Sub-Performing Loan (SPL), Broker Price Opinion (BPO), Loan-to-Value (LTV), Real Estate Owned (REO). Use "projected/targeted/expected," never "guaranteed."