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About Us

Our strategy is backed by a seasoned team of hybrid-debt and private-credit professionals with deep track records in structured financing.

Leadership Team

David Kotter

David Kotter

  • Underwritten and closed 464 deals
  • Over 21 years of commercial real estate lending experience
  • $1.1B of individual fundings and $2.1B collectively
  • Extensive experience in construction, permanent, and bridge financing
  • Founder of Integrity Capital, LLC, Hybrid Debt Fund, and H3 Phoenix
  • Won 4 out of 5 National Rugby Championships
  • Eagle Scout
  • Elder at Scottsdale Bible Church
Jack Stelianou

Jack Stelianou

  • 5 years of commercial real estate financing experience
  • Provided underwriting for over $1B in closed loans
  • Experience across GSEs, life companies, banks, credit unions, private lenders
  • Capital Markets Associate at Integrity Capital
  • Capital Allocation Associate at Hybrid Debt Fund
  • Active Member at H3 Phoenix
  • Master’s in Quantitative Finance – University at Buffalo
Macki Vandalen

Macki VanDalen

  • 3 years with Integrity Capital
  • Bachelor’s Degree in Business Management – Grand Canyon University
  • Experienced in document management and communication
  • Executive Assistant to David Kotter
  • Commercial Debt Project Coordinator

Board of Advisors

Douglas Napier

Douglas Napier

  • 35+ year history as a lawyer, non-profit leader, and businessman
  • Served on multiple boards for for-profit and non-profit entities
  • Graduate of the University of Iowa (BBA, Finance; Juris Doctorate)
  • Graduate of Dallas Theological Seminary (MABS)
  • Advisor to companies, non-profits, and individuals through Firm Foundation Consulting
Chad Roach

Chad Roach

  • Managing Partner at Navitas Global
  • Founder and Managing Partner of Car Wash Buildings
  • Founder of Cornerstone Capital and Cornerstone Bullion
  • President of Integrity Payment Services
  • Board Member of Generations.org
  • Graduate of Oak Brook College of Law and Government Policy
Kevin Eichner

Kevin Eichner

  • CEO of Eichner Performance Strategies, LLC
  • Chancellor Emeritus of Ottawa University of Kansas and Arizona
  • Founder and former CEO of Enterprise Bank and Trust
  • Board member for both for-profit and non-profit organizations
  • BA in Social Change, Ottawa University (1973)
  • MBA from Harvard Business School (Marketing & Organizational Behavior, 1977)
Gregory Ellena

Gregory Ellena

  • Graduate of Harvard University (BA – Economics)
  • Founder and CEO of BancFora
  • Founder of Palo Verde Lane (Residential Community)
  • Board Member at First Western Trust

Interested in Investing?

Get our free Accredited Investor Guide or schedule a call to learn more about the fund structure, performance, and process.

Download the Investor Guide
Investor Feedback

“As an investor in the HDF 1 Fund providing capital for a loan in Mesa Arizona for the industrial land. I found the experience as a Capital provider to be transparent. The return on my capital was above market. The risk I felt was low due to the underwriting and the securitization of the loan through the land, and the borrower. Well done.”

Kevin S.

“I recently had the opportunity to invest in the Hybrid Debt Fund, and I couldn’t be more pleased with the outcome. The process was seamless and transparent, with clear communication throughout. The returns were as expected, and the overall experience was both rewarding and stress-free. I appreciate the professionalism and reliability demonstrated by the team involved. I would definitely consider investing in similar opportunities in the future.”

Luke B.