Our Story
Valencia Realty Capital »Trust. The Process.™
Many real estate entrepreneurs, and capital sources alike, struggle to navigate the capital markets to find reliable partners. Having financed many hundreds of millions of dollars in deals, and billions collectively, we know how to avoid common pitfalls, uncertainties and misunderstandings that can often derail opportunities. Our expert team has engineered a world-class capital matching process with a simple, 3-step approach. You’ll avoid wasting time and end up with refreshingly simplified deal flows and trustworthy partners.

Who We Are
We are a premier capital markets intermediary & direct lender dedicated to helping clients successfully chart their course.

What We Do
By thoughtfully structuring transactions and navigating capital markets, we offer commercial real estate sponsors innovative solutions and competitive terms.

Why We Do It
Enterprising real estate entrepreneurs are the core value creators of the real estate industry yet have a lack of viable financing options in today’s marketplace. We’re here to change that.
Experts
Meet Our Team

Stephen Smeke
Managing Director
Mr. Smeke founded Valencia Realty Capital in 2013 after recognizing that real estate entrepreneurs were underserved in the capital markets. His strategic vision is to drive efficiency and certainty to the capital matching process, simplifying the experience for investors and borrowers alike. With a wealth of experience in advising family offices, high-net worth investors, entrepreneurs, and institutions, he has financed many hundreds of millions of dollars in transactions across the spectrum of real estate asset classes. Mr. Smeke obtained his undergraduate degree in Finance at the University of Massachusetts Lowell. Stephen is enthusiastic about growing an organization to help real estate entrepreneurs and investors at all levels succeed.

Alex Riccio
Director of Transactions
Prior to joining Valencia Realty Capital in 2017, Mr. Riccio was working as a senior analyst for the top producing investment sales office at CBRE’s New York Institutional Sales Group. While at CBRE, Alex underwrote over $2 billion in real estate transactions and in 2016 was part of the #1 ranked investment sales team in CBRE worldwide. Prior to CBRE, Alex was a portfolio analyst at GE Capital Real Estate evaluating multifamily, office, industrial and hospitality assets. Mr. Riccio completed his undergraduate degree at Providence College where he majored in Finance and minored in Computer Science. Mr. Riccio is an accomplished deal maker and commands notable expertise on even the most complex situations.

Steven Jones
Senior Vice President
Mr. Jones has spent his entire 30+ year career in commercial real estate finance. He has been directly responsible for structuring, marketing and closing more than $500 million in financing on all types of commercial real estate including hands-on asset management of a loan portfolio greater than $200 million. He has worked for several institutional lenders such as Fleet Bank, GE Capital, Wachovia Bank, Regions Bank, RBC Centura and others. Steve received his B.A. from the University of Virginia, and brings great attention to detail and institutional underwriting expertise to the organization.

What Our Clients Are Saying
Our Blogs
Check out our blogs for the latest information about financing and how we can help you.
Case Study: $13MM Limited Recourse Construction Loan for $19MM RV Park Development
At A Glance: Location: Florida Gulf Coast (Punta Gorda MSA) Transaction Type: Construction Capital Type: Senior Loan Property Type: RV Park Total Capitalization: $19.0MM Common Equity: $6.0MM Senior...
Case Study: $2.6MM Preferred Equity for $45.1MM Condominium Development
At A Glance: Location: Boston Area, MA Transaction Type: Development Capital Type: Crossed Preferred Equity Property Type: 50+ Unit Condominium Building with Ground-Floor Retail Total...
What are the Differences Between Preferred Equity and Mezzanine Debt?
In today’s commercial real estate debt markets, senior lenders often struggle to provide borrowers with the proceeds, and loan-to-value metrics borrowers need. More sponsors are considering...
Capital Spotlight: 85% LTC Non-Recourse Debt for Horizontal Residential Land Development
Capital Spotlight - Highlighting featured capital investors. We regularly publish the detailed criteria of our most unique real estate capital sources. 85% LTC Non-Recourse Debt for Horizontal...
Case Study: $7MM Preferred Equity for $73MM Multifamily Acquisition
At A Glance: Location: Greater Houston, TX Transaction Type: Acquisition Capital Type: Preferred Equity (Subordinated Debt) Property Type: 350+ Unit Value-Add Multifamily Total Capitalization:...
Case Study: $7.2MM Multifamily Construction Loan for Adaptive Reuse of Hotel
At A Glance: Location: Greater New Haven, Connecticut Transaction Type: Acquisition & Construction Capital Type: Senior Bank Loan Property Type: 165-Unit Multifamily Capital Amount: $7,200,000...
Capital Spotlight: Participating Preferred Equity for Existing Assets
Capital Spotlight - Highlighting featured capital investors. We regularly publish the detailed criteria of our most unique real estate capital sources. Participating Preferred Equity Capital for...
Capital Spotlight: Small Balance Participating Preferred Equity
Capital Spotlight - Highlighting featured capital investors. We regularly publish the detailed criteria of our most unique real estate capital sources. $1-5 Million Participating Preferred Equity...
Case Study: $2.4MM Preferred Equity for $23.1MM Office Building Acquisition
At A Glance: Location: Boston Area, Massachusetts Transaction Type: Acquisition Capital Type: $2,400,000 Preferred Equity Property Type: Value-Add Office Building Total Capitalization: $23,100,000...
Phone
+1 978-255-3018
contact@valenciarc.com
Address
433 Central Avenue, Suite 400
St. Petersburg, FL 33701