EMCAP Financial, an alternative asset manager delivering capital solutions across the residential real estate and private credit ecosystem, launched a residential debt platform led by Brendan DeTommaso.
The platform is already actively deploying capital and is on pace to fund over $300 million in loans for 2026 and more than $1 billion over the next two years.
A seasoned investment leader, DeTommaso brings to EMCAP more than a decade of experience in the residential transition loan (RTL) market. Previously, he served in a senior role at Fidelis Investors, leading a team that funded and managed over $6 billion in RTL products. During DeTommaso’s tenure, Fidelis’ assets under management grew to more than $1.2 billion and his accomplishments include executing the firm’s first-rated RTL securitization, forging strategic institutional capital partnerships and managing multiple levered and unlevered investment vehicles.
“I’m honored to lead EMCAP Financial and work alongside the experienced teams at Smith Hill and Procaccianti as we deliver institutional-quality solutions within this fragmented and expanding market,” DeTommaso said. “With ongoing challenges in housing supply and continued bank retrenchment shaping the residential real estate debt landscape, the opportunity set within this sector continues to grow. EMCAP is well-positioned to scale our platform, capitalize on the compelling value proposition that residential debt offers and provide meaningful financial solutions to market participants.”
EMCAP is backed by the institutional strength of Smith Hill Capital, the commercial debt investment management business of the Procaccianti Companies. Smith Hill is an active lender and debt investor within the hospitality and multifamily sectors through partnerships with investment managers. EMCAP serves institutional clients by identifying investment opportunities in mortgage debt products, structured finance and asset-based lending.
“I’ve had the privilege of working with Brendan for many years and have come to know him as a leader of strong character and deep expertise in the residential business-purpose lending sector,” Brendan McCormick, co-founder and managing principal of Smith Hill, said. “I look forward to partnering with him and am confident in the continued growth of our residential business under his leadership.”
EMCAP’s relationship with Smith Hill and Procaccianti enables the platform to leverage over 65 years of expertise to unlock value within the commercial real estate market while supporting its strategy through institutional capital relationships and sophisticated asset management infrastructure. Procaccianti’s experience includes thousands of transactions representing tens of billions of diversified real estate investments.
