01
The term sheet black box.
Long forms, multiple formats, nobody actually checks the deal. Lenders hook you with a quote and revise at docs.
/about · The Company
We're building the
operating layer
for private credit.
Every competitor is a lender that added software. Antal is software that enables lending — infrastructure that capital providers deploy under their own brand. We started by losing money on our own fix-and-flips, then operated $15M of real estate, then watched hundreds of investor deals die per day because capital wasn't ready. So we built the system that fixes it.
/the problem
Private credit runs on
spreadsheets, email,
and phone calls.
Every step is a human stitching together inputs from other humans. The borrower loses the deal. The capital provider loses the revenue. Both sides lose weeks they didn't have. Antal is the system that runs in parallel — guided, verified, and accountable.
02
47 emails. 8+ docs. Repeat.
Guidelines aren't clear. Lenders ask for the same documents again with new notes. 3–7 days just to get a single clarification.
03
Every step involves a human.
Title search, inspection, BPO — each one manually ordered, each one 3–5 days. The process was never designed to move fast.
04
By closing, the deal dies.
Underwriters just got looped. You get new terms or nothing at all. Everything could've been verified earlier.
/the journey
How we got here.
Mar 2022
First fix-and-flip deals.
Started flipping in Palo Alto and Menlo Park — and lost money on the first deals. The expensive education that led to everything after.
Aug 2022 – Mar 2025
Operated the asset class.
$15M AUM across multifamily, short-term rentals, and boutique hotels. Learned what makes a deal pencil end-to-end — buying the distress, executing the rehab, stabilizing the cash flow, and exiting at the right number.
Apr 2025
Built the OS for real estate investors.
Started sourcing distressed off-market deals for small and large investors. Saw hundreds of deals die per day because capital wasn't ready. So we built the AI loan officer that closes the gap.
/the team
Built by operators
who lived it.
Co-FounderRoberto Pernicone
CEO / CTO · Co-Founder
5 years in real estate. Built loan-origination infrastructure for asset-backed lending, scaling from $10M to $200M/yr in originations. 2nd-time founder, 1 prior exit.
- MBA · MIT Applied Data Science
- $15M AUM operated · multifamily + STR
- $10M → $200M/yr origination scale
Backed by real estate investors, developers, and operators who need this to exist.