Theo Ventures
Pipeline
TV-TRANSITWildcard55Low

Project Transit Bridge

United States (Public-Sector Transit Consulting)·Bridge Loan / Acquisition Financing·Jade Point Capital Partners (JPC Global)
Confidence
78
Set status
Total cost
$4.4M
Target IRR
220.0–240.0%
MOIC
1.40x
Hold
1 yrs

Investment thesis

$25K, 60-day bridge to fund pre-closing third-party DD on JPC Global's $4.42M acquisition of a 15-yr transit consultancy. Repayment $35K at close (40% flat / ~240% APR — confirm usury), plus optional 1% equity kicker. Repayment source: $50K DD budget + $50K cost reserve.

Risk register

  • Market
    Cap-rate expansion in exit year
  • Capital
    Floating-rate exposure post-cap
  • Sponsor
    Concentration in single GP relationship

Diligence checklist

5 of 11 items complete
45%
Workstreams cleared
Workstream
Market
0/2
  • Submarket comps, absorption & demand catalysts
    K. Reyes
  • Tourism / employment / migration overlay
    K. Reyes
Workstream
Financial
2/3
  • Underwriting model stress test (±200 bps)
    J. Tan
  • T-12 operating expense & rent-roll verification
    J. Tan
  • Debt term sheet & rate-cap pricing
    M. Okafor
Workstream
Legal
2/2
  • Title, survey & entity formation review
    Goodwin
  • Escrow agent & tranche release mechanics
    Goodwin
Workstream
Physical
0/2
  • Phase I ESA & property condition assessment
    ARUP
  • Construction budget & schedule verification
    ICM
Workstream
Sponsor
1/2
  • Sponsor track record, references & KYC
    C. King
  • GP co-invest, promote & waterfall structure
    C. King
Counterparty diligence
Composite 55 · Low

Do not proceed without independent third-party verification (aggregator, references, counsel).

Updated 2026-07-10
T1
1/ 6
Government / primary source
T2
2/ 6
Independent third-party corroboration
T3
3/ 6
Single self-reported source
T4
0/ 6
Unverifiable / absent
  • A · Weight 20%
    Entity Verification
    3.0/5
    • T2Jade Point Capital Partners entity present; JPC Global affiliation stated but structure needs org-chart confirmation.
  • B · Weight 20%
    Principal Background
    2.0/5
    • T3Principals thinly corroborated.
  • C · Weight 15%
    Regulatory Standing
    3.0/5
    • T3Bridge loan structure — confirm state usury cap treatment before funding (~240% APR).
  • D · Weight 15%
    Litigation & Enforcement
    4.0/5
    • T1Clean PACER search on entity.
  • E · Weight 20%
    Track Record / Funding Mechanism
    2.0/5
    • T3Transit consultancy acquisition target not yet independently traced.
  • F · Weight 10%
    Public Footprint Coherence
    3.0/5
    • T2Materials internally consistent; short engagement window limits corroboration depth.