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Real Estate Development Professionals

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NEW PROVIDENCE CAPITAL

New Providence Capital is a private lending company focused on real estate acquisition and development financing.  Our extensive real estate experience and permanent capital base allows us to structure customized loans to fit each borrower’s unique needs.

  • Loans from $500,000 to $8,000,000
  • Straightforward rate structure
  • Close in as little as 30 days
  • Flexible, multi-draw loans available
A private money loan has several advantages; contact us for more details.

RECENTLY CLOSED TRANSACTIONS

Residential Home Construction

Vertical construction financing for a local builder in the Asheville, NC market

Residential Lot Development

Financing for the phased development of 110 single family residential lots in Troutman, NC

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Land Acquisition

Acquisition of entitled land in Sarasota, FL

Residential Lot Development

Financing for the development of 240 lots in Asheville, NC

Residential Lot Development

Financing for the development of residential lots in Charlotte, NC

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Land Acquisition

Financing for the acquisition of a property in Colorado Springs, CO

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OUR TEAM

MARK PITZER

MICHAEL SLAUGHTER

STEPHANIE OCHEL

CASSEY STEPHENS

DAVIS DEADMAN

CHRIS SMITH

CONTACT AN INVESTMENT EXPERT TODAY

Learn more about our financial solutions and how we can help you close on your next real estate transaction.
CONTACT US NOW

4809 Cole Avenue Suite 275 Dallas, Texas 75205

(214) 444-3609

info@newprovidencecapital.com

New Providence Capital © 2024. All Rights Reserved.

 Mark Pitzer
mark@newprovidencecapital.com
(214) 444-9070

Mr. Pitzer has been in the real estate industry in the Dallas area for over 30 years. As a principal of Windsor Management, he acquired over $150M in real estate assets consisting of land, mini-warehouse, apartments and office buildings. Mr. Pitzer operated a portfolio of over 4,000 apartments and 1M square feet of office property in the Dallas Ft. Worth area until all of the properties were sold in 2007. Mr. Pitzer brings both an expansive real estate knowledge of different product types as well as an owner’s perspective for operations.

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 Michael Slaughter
michael@newprovidencecapital.com
(214) 444-3609

Michael W. Slaughter is a Partner and Principal of New Providence Capital.  Mr. Slaughter began his real estate career in 2004 as Co-Founder and Managing Director of INCAP Financial Group, a real estate private equity fund backed by a partnership with JP Morgan. Over the years, he has raised seven funds and deployed over $300 million across a wide range of real estate development projects.

Mr. Slaughter is a native of Dallas where he lives with his wife and three children. He holds a BA in Economics from The Colorado College and an MBA in Finance from the Cox School of Business at Southern Methodist University.

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Stephanie Ochel

Stephanie Ochel is the Director of Investor Relations for New Providence Capital.  She graduated from the University of Arkansas with a BSBA in finance and banking.  Mrs. Ochel worked in commercial lending for 3 years before starting her 11-year career as a bond trader.  She was Vice President of Mortgage-Backed Securities trading at Southwest Securities in 2004 when she decided to take a break in her career to become a stay-at-home mom.  She joined New Providence Capital in 2020.

Mrs. Ochel is married and lives in Dallas with her husband and two teenage children.

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Cassey Stephens

Mrs. Stephens is the newest member of the New Providence Capital team. She previously spent many years in public education administration, specializing in technology services and support. As a technology lead in her district, she mentored and trained specialists across multiple schools. Mrs. Stephens chose to pivot careers to professional services and uses the multi-tasking and organization skills she leveraged in education as our Director of Operations. Mrs. Stephens grew up in Arizona and moved to Dallas at the beginning of her career where she still resides with her husband and two children.

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Davis Deadman

Investment Committee

Mr. Deadman has been a Partner with Advantage Storage since 2012. In that role, he is responsible for sourcing and executing on new acquisitions and development activity across multiple states. He serves as an Independent Investment Committee Member of Trinitas Capital Management, a funding vehicle utilized for investment in collateralized loan obligations (CLOS’s). His background resides in lending/banking, valuation, commercial real estate and institutional money management. Mr. Deadman currently serves on the Board of Directors of TBK Bank, SSB. During 2004-2011, he served as Chief Executive Officer and President of NexBank, a financial services organization that included a broker-dealer and an investment banking and corporate advisory firm. During 1998-2007, he served as a Senior Portfolio Manager and ultimately Partner with Highland Capital Management L.P. In that role, he managed a team of investment professionals responsible for a several billion dollar portfolio of credit investments across multiple industries. Mr. Deadman received a Bachelor of Business Administration from Texas A&M University and a Master of Business Administration in Finance, cum laude, from Southern Methodist University – Cox School of Business. He is a Chartered Financial Analyst (CFA) Charter holder.
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Christopher Smith

Investment Committee 

Mr. Smith is currently a fixed income Portfolio Manager for a registered investment advisor. Prior to that, Chris was the founder and Managing Member of Augment Advisory and Capital, a Dallas-based business advisory firm. From 2000-2014, Mr. Smith was Senior Director and Head of Credit Research and then President and CEO of ORIX Corporate Capital, a subsidiary of ORIX Corporation, a global financial services firm. From 1994-2000, Mr. Smith assumed progressive levels of responsibility at Baltimore-based Allfirst Bank, eventually leading the Communications Banking Unit as Senior Vice President.

Mr. Smith is a summa cum laude graduate of St. Mary’s College of Maryland and received an MBA, Finance from the University of Maryland. He serves as a board member or advisor to several companies and non-profit organizations. Mr. Smith resides in Dallas with his wife and two children.

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