Business Details
14 Years
experience
Trusted Real Estate Credit & Development Solutions
Founded in 2012 in Baltimore, Poverni Sheikh Group was established by a team of professionals with expertise in private equity, real estate law, finance, and construction. Our commitment to transparency, reliability, and dedicated service has guided us as we expanded into four core verticals: Real Estate Credit, Ground-up Development, Self-Storage Acquisitions, and Private Equity through our affiliate Lapa Capital. We maintain a fully integrated approach, combining in-house construction teams with pre-construction analysts, legal, and operations professionals to ensure informed decision-making.Our longstanding industry relationships and proprietary underwriting methods allow us to identify risk-adjusted opportunities across on- and off-market investments. With a focus on future trends, strategic locations, and undervalued assets, we have developed over $680M in real estate and funded $500M+ in loans across 200+ closed deals. Our mission is to shape a future where trust and excellence define every interaction, empowering stakeholders and communities through our work.
Services
Real Estate Credit
Ground-up Development
Self-Storage Acquisitions
Private Equity
Loan Underwriting
Details
- Year established: 2012
Highlights and features
- We offer $2M-$30M tailored real estate loans with nationwide coverage and fast 14-28 day closings.
- Our in-house construction team ensures seamless execution from pre-construction analysis to project delivery.
- Proprietary underwriting methods identify risk-adjusted opportunities across on- and off-market investments.
- 200+ closed loans demonstrate our proven track record in real estate credit and development.
- Four integrated verticals provide comprehensive solutions for real estate finance, development, and investment.
Services
Real Estate Credit
We provide tailored construction, bridge, and preferred equity financing solutions ranging from $2M to $30M. Our nationwide lending programs support property acquisition, renovation, and development projects with fast 14-28 day closings and up to 90% loan-to-cost leverage. Our proprietary underwriting ensures risk-adjusted capital deployment for investor projects.
Ground-up Development
Our fully integrated development platform combines in-house construction teams with legal and operations experts. We specialize in datacenters, multifamily housing, and mixed-use developments, leveraging strategic site selection and market analysis to deliver future-ready properties. Recent projects include 74,00075,000 sq. ft. self-storage facilities and 75,000 sq. ft. industrial developments.
Self-Storage Acquisitions
We target undervalued self-storage assets nationwide through strategic acquisitions. Our portfolio includes recent purchases in Florida and Maryland totaling over $26M, with properties ranging from 74,00075,000 sq. ft. facilities. Our approach combines operational optimization and location-driven value creation to maximize returns on storage investments.
People
Eugene Poverni
Chief Executive Officer
Eugene leads strategic vision and executive oversight at Poverni Sheikh Group. With extensive private equity experience, he drives our commitment to excellence in real estate credit and development across all business verticals.
Ibrahim Sheikh
President
Ibrahim oversees day-to-day operations and business strategy execution. His legal and finance background strengthens our risk management framework while ensuring alignment with long-term growth objectives.
Greg Kostrikin
Chief Operating Officer
Greg manages operational efficiency across development and credit divisions. He coordinates cross-functional teams to maintain project timelines and resource optimization throughout our nationwide operations.
Questions
What real estate sectors do you specialize in?
We focus on self-storage, multifamily housing, datacenters, industrial outdoor storage, and condo construction projects nationwide.
What loan amounts do you offer?
Our real estate credit solutions range from $2M to $30M with flexible terms for acquisition, renovation, and development projects.
How quickly can you close a loan?
We typically close loans within 14-28 days using our streamlined underwriting process and dedicated credit operations team.
Do you work outside the United States?
Our current operations and lending programs focus exclusively on domestic real estate opportunities across the United States.
