Banks · Servicers · Special Assets Desks
A Direct, Experienced Buyer
for Distressed Real Estate Debt.
Robert Napolitano has personally negotiated note purchases with special assets officers and loan sale desks for over a decade. GRIT acquires NPLs, sub-performing, and re-performing real estate loans directly — no broker intermediaries. Southeast primary focus. National reach where the opportunity warrants it. Five-day tape-to-bid. GRIT does not re-trade.
Who We Work With

GRIT’s sourcing network is built entirely on direct institutional relationships developed over more than a decade of active note buying. We work with special assets officers, loan sale desk managers, and credit workout teams at community banks, regional banks, and non-bank servicers — primarily those with Southeast-concentrated CRE and residential loan portfolios.

We understand the constraints that bank sellers operate under: examination pressure, CRE concentration limits, OREO carrying costs, and the internal approval requirements that govern note sales. We understand them because Robert has studied them, negotiated around them, and closed transactions inside them for over a decade.

“The best note paper doesn’t hit a broker list. It moves through relationships built over years with people who know you’ll close.”
— Robert Napolitano
Geographic Focus

Primary acquisition territory: the Southeast — North Carolina, South Carolina, Georgia, Tennessee, Virginia, and Florida. Deepest market knowledge, attorney networks, and servicer relationships in the Carolinas. GRIT considers opportunities outside the Southeast where deal quality, pricing, and existing counterparty relationships support direct engagement. The thesis travels. The relationships guide where we go.

Our Process
Day 1–2
Initial Conversation & NDA
30-minute call. If there’s fit, we execute NDA and request the tape.
Day 3–7
Tape Analysis & Preliminary Bid
6 C’s framework plus proprietary deal scoring. Written bid with per-loan rationale.
Day 7–14
Due Diligence & Final Bid
Title, inspection coordination, bankruptcy/litigation status, servicer file review.
Day 14–30
Loan Sale Agreement & Close
LSTA-form agreement. We don’t re-trade. Capital confirmed prior to execution.
What We Acquire
Non-Performing Loans
90+ days delinquent · Residential & commercial
Sub-Performing Notes
Intermittent payment · Active forbearance · Modifications
Re-Performing Loans
6–24 months restored payment history post-modification
Performing Notes at Discount
Below-market rate · Near-term maturity · Portfolio cleanup
Loan Pools
Tape-to-bid in 5 days · Pools up to 25 assets
REO & Post-Foreclosure
Direct from bank balance sheets · No auction · No intermediary
Submit a Tape Request a Call
GRIT Partners, LLC · Global Realty Investor Trust · © 2026. Not investment advice.
Proprietary Underwriting Methodology
The GRIT Framework —
The 6 C’s of Private Credit.
Every Deal Starts at NO.
Developed from twenty years of direct deal experience — watching what actually causes private credit to fail, not what looks worst on a spreadsheet. Applied to every transaction GRIT underwrites. Scored through a proprietary GRIT Deal Rating that drives pricing, structure, position sizing, and LP reporting.
Why Most Private Lenders Miss What Matters

Robert Napolitano has underwritten, originated, and resolved distressed real estate debt for over two decades — including through the 2008–2012 credit crisis, when most private lenders exited the market. That experience produced one consistent observation: most private lenders underwrite the asset. They appraise the collateral, confirm the LTV, and wire the funds. What they do not systematically evaluate is the person they are betting on — and the specific conditions under which that person’s plan fails.

The 6 C’s framework was built to close that gap. It is a structured deal evaluation protocol that forces every transaction through six distinct lenses before a term sheet is issued. The weights are informed by direct observation of which deficiencies actually cause losses — not which metrics look worst on a spreadsheet. Every deal starts at NO and must earn its way to YES.

“Every loan is a relationship with a timeline. The 6 C’s are how we decide whether that relationship is worth entering — and at what price.”
— Robert Napolitano
The GRIT Deal Rating

Every transaction GRIT underwrites receives a proprietary GRIT Deal Rating reflecting overall credit quality across all six dimensions. The rating drives pricing, structure, concentration limits, and the level of detail in LP position reporting.

The weighting methodology behind the rating is proprietary. The framework itself is not. We publish it because transparency about how we think is the best demonstration of how we underwrite.

The 6 C’s at a Glance
Character — Who are we actually lending to?
Credit / Credibility — Have they actually done this before?
Collateral — What’s the real distressed recovery value?
Capacity — Can they actually execute the plan?
Cash — What happens when it goes sideways?
Compensating Factors — What structural offsets exist?
Request an Introduction
Every Deal Starts at NO
The facts of the deal must earn their way to YES. A term sheet is not issued because the asset looks good. It is issued because all six dimensions have been evaluated and the GRIT Deal Rating supports the structure being offered.
Important Disclosure: All investments offered by GRIT Partners are available to accredited investors only as defined under SEC Regulation D, Rule 506(c). Private credit investments involve risk of loss, including loss of principal. Past performance is not indicative of future results. Performance figures referenced reflect the consolidated GRIT platform (2016–2025), in which the manager maintained majority personal capital at risk throughout. This page does not constitute an offer to sell or solicitation of an offer to buy any security. GRIT Partners, LLC is not affiliated with a broker-dealer, state- or SEC-registered investment advisory firm. Investors should conduct their own due diligence and consult qualified legal, tax, and financial advisors before making any investment decision.
GRIT Partners, LLC · Global Realty Investor Trust · © 2026 GRIT Partners.