The company provides bridge loans secured by first mortgages on real estate assets in the United States.
Castellan ends 2025 with a loan book that still looks conservative on LTV and diversification, but the support layer presented to the market is not just common equity and also relies on subordinated sponsor funding. The next test is therefore not only book growth but whether tha…
Castellan ends 2025 with a real funding map, but not a uniform one. The headline $342.8 million of unused capacity is accurate, except that most of it sits in Churchill, a repo-style participation facility rather than in the four classical warehouse lines. The true 2026 funding…
At year-end 2025 Castellan's bond protection rests on two different layers: $109.8 million of audited net assets, plus a $39.2 million subordinated sponsor loan. The $149 million headline is a valid total-support number, but it is not the same thing as common equity that absorbs…
