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Private company

CNL Strategic Residential Credit, Inc.

CNL Strategic Residential Credit, Inc. is an American real estate investment trust based in Orlando, active since 2025.2

Last updated Oct 21, 2026.

Overview

$3.5KRevenue, fiscal 20253
$3.1KNet income, fiscal 20253
  • IndustryReal Estate Investment Trusts2
  • HeadquartersOrlando, United States2
  • Incorporated inMD4
  • Business address450 South Orange Ave, Suite 1400, Orlando, Fl 328014
  • Filer category, Emerging growth company4
  • Legal formCorporation2
  • Kind of organizationReal estate investment trust2
  • LEI2549003OP3AJ8INC57872
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093 Lutherville Timonium, United States2
  • Registered withSecurities and Exchange Commission, 00020663372

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Investment Company Act. Our principal office is located at 450 South Orange Avenue, Suite 1400, Orlando, Florida, 32801.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

96.4%Operating margin3
91.0%Net margin3
1.6%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs9¢$313
  • Profit91¢$3.1K

Out of $3.5K in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$3.3K

Out of $3.3K of cash from operations.3

Financial statements

Fiscal year2025
Revenue$3.5K3
Operating expenses$1253
Operating income$3.3K3
Net income$3.1K3
Shares (weighted, basic)8.0K shares3
Shares (weighted, diluted)8.0K shares3

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Corporate structure

CNL Strategic Residential Credit, Inc. sits at the top of its group. 9 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CNL Strategic Residential Credit, Inc.

  • CNL Strategic Residential Credit, Inc. Orlando, Florida, United States
    • RCRED Asset Holding, LLC Subsidiary · Delaware, United States
    • RCRED Craftsman 2026 Trust Subsidiary · Delaware, United States
    • RCRED Craftsman Administrator, LLC Subsidiary · Delaware, United States
    • RCRED Craftsman REO, LLC Subsidiary · Delaware, United States
    • RCRED Georgian 2026 Trust Subsidiary · Delaware, United States
    • RCRED Georgian Administrator, LLC Subsidiary · Delaware, United States
    • RCRED TRS Holding, Inc. Subsidiary · Delaware, United States
    • RCRED Victorian Administrator, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CNL Strategic Residential Credit, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$203.3K3 Dec 31, 2025

Properties, in its own words

Our principal office is located at CNL Center at City Commons, 450 South Orange Avenue, Suite 1400, Orlando, Florida 32801. As part of the Advisory Agreement, the Advisor is responsible for providing office space and office services to us. We consider these facilities to be suitable and adequate for the management and operations of our business.

Item 2 of the 10-K filed Mar 30, 2026.6

Leadership

Who has led CNL Strategic Residential Credit, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Chirag J. Bhavsar2025–now

President

  1. Chirag J. Bhavsar2025–now

Chief financial officer

  1. Tammy Tipton2025–now
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorJack D. Howard named Mar 12, 202616

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • RCRED Asset Holding, LLC Delaware5
  • RCRED Craftsman 2026 Trust Delaware5
  • RCRED Craftsman Administrator, LLC Delaware5
  • RCRED Craftsman REO, LLC Delaware5
  • RCRED Georgian 2026 Trust Delaware5
  • RCRED Georgian Administrator, LLC Delaware5
  • RCRED TRS Holding, Inc. Delaware5
  • RCRED Victorian Administrator, LLC Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 1, 20268-K Unregistered sale of shares17
  2. Sep 28, 20268-K Other events18
  3. Sep 1, 20268-K Unregistered sale of shares19
  4. Aug 25, 20268-K Other events20
  5. Aug 4, 20268-K Unregistered sale of shares21
  6. Jul 24, 20268-K Other events22
  7. Jul 17, 20268-K Entered a material agreement; New debt or obligation23
  8. Jun 24, 20268-K Other events24
  9. May 26, 20268-K Entered a material agreement; New debt or obligation; Other events25
  10. May 22, 20268-K Entered a material agreement; New debt or obligation; Other events26
  11. Apr 28, 20268-K Other events27
  12. Mar 30, 20268-K Other events28
  13. Aug 13, 2025New chief executive Chirag J. Bhavsar becomes CEO10
  14. Jan 21, 2025Founded CNL Strategic Residential Credit, Inc. is founded2

Filings

47 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 17 major events, 14 insider forms, 2 large holders, 3 private raises, 7 other. The latest 20:

  1. Oct 1, 20268-K EDGAR
  2. Oct 1, 20264 EDGAR
  3. Sep 28, 20268-K EDGAR
  4. Sep 9, 2026DEF 14A EDGAR
  5. Sep 1, 20268-K EDGAR
  6. Aug 25, 20268-K EDGAR
  7. Aug 13, 202610-Q EDGAR
  8. Aug 4, 20268-K CURRENT REPORT EDGAR
  9. Jul 24, 20268-K CURRENT REPORT EDGAR
  10. Jul 17, 20268-K CURRENT REPORT EDGAR
  11. Jun 24, 20268-K CURRENT REPORT EDGAR
  12. May 26, 20268-K/A AMENDED FILING EDGAR
  13. May 22, 20268-K CURRENT REPORT EDGAR
  14. May 14, 202610-Q QUARTERLY REPORT EDGAR
  15. Apr 28, 20268-K CURRENT REPORT EDGAR
  16. Apr 23, 2026ARS ANNUAL REPORT TO SECURITY HOLDERS EDGAR
  17. Mar 30, 20268-K CURRENT REPORT EDGAR
  18. Mar 30, 202610-K ANNUAL REPORT EDGAR
  19. Mar 12, 2026D/A EDGAR
  20. Mar 12, 20268-K CURRENT REPORT EDGAR

The 47 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 29, 2026Troisi Peter JohnDirectorBuy13,000$25.00$325.0KForm 4
Jan 29, 2026Yochum Bradley ScottGeneral Counsel and SecretaryBuy2,000$25.00$50.0KForm 4
Jan 29, 2026BHAVSAR CHIRAG JDirector, CEO and PresidentBuy10,000$25.00$250.0KForm 4
Jan 29, 2026Tipton TammyCFO and TreasurerBuy1,000$25.00$25.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$24.7M 2025–2025
Money received by yearMoney received by year, 2025–2025: $24.7M in all. Private raises (Form D) $24.7M.$0$10M$20M$30M2025 · Private raises (Form D): $24.7M2025
Figures by year
YearPrivate raises (Form D)Total
2025$24.7M$24.7M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Nov 4, 2025Raised $24.7 million in a private offering of equity16 Form D: $250 million offered in all Form D

SEC filer profile

How CNL Strategic Residential Credit, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCNL Strategic Residential Credit, Inc.1
  • CIK0002066337
  • Employer ID (EIN)33-30014636
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inMaryland6
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address450 South Orange Ave, Suite 1400, Orlando, FL 328011
  • Phone40765010001
  • Shares outstanding966,038 Common Class E shares; 22,181 Common Class FA shares as of Mar 23, 20266
  • Public float$0 as of Dec 31, 20253
  • AuditorKPMG LLP, Charlotte, North Carolina PCAOB ID 238; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceJun 2, 20251
  • Filings47 in all: 8-K (16), 3 (9), 4 (5), 10-Q (3), D/A (2), SCHEDULE 13G (2), UPLOAD (2), 10-12G (1)1
    All 15 form types

    10-12G/A (1), 10-K (1), 8-K/A (1), ARS (1), CORRESP (1), D (1), DEF 14A (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Sep 9, 2026
    Latest 8-K (8-K) Oct 1, 2026

Risk factors and legal proceedings

The risks CNL Strategic Residential Credit, Inc. names in Item 1A of its 10-K filed Mar 30, 2026: 77 risks under these headings, as written.6

  • Risks Related to Our Organizational Structure
  • We have a limited operating history, we have limited experience operating as a REIT and there is no assurance that we will achieve our investment objectives.
  • The Sub-Advisor, subject to the oversight of the Advisor, manages our portfolio pursuant to very broad investment guidelines and generally is not required to seek the approval of our board of directors for each investment, financing or asset allocation decision made by it, which may result in our making riskier investments and which could adversely affect our results of operations and financial condition.
  • There is no public trading market for our shares; therefore, an investor’s ability to dispose of their shares will likely be limited to repurchase by us. If an investor does sell their shares to us, such investor may receive less than the price they paid.
  • An investor’s ability to have their shares repurchased through our share repurchase plan is limited. We may choose to repurchase fewer shares than have been requested to be repurchased, in our discretion at any time, and the number of shares we may repurchase is subject to volume limitations. Further, our board of directors may modify, suspend, or terminate our share repurchase plan if it deems such action to be in our best interest and the best interest of our stockholders.
  • Our shares will not be listed on an exchange or quoted through a national quotation system for the foreseeable future, if ever. Therefore, an investor will have limited liquidity and may not receive a full return of their invested capital if they sell their shares.
  • Economic events that may cause our stockholders to request that we repurchase their shares may materially adversely affect our cash flow and our results of operations and financial condition.
  • We face risks associated with the deployment of our capital.
  • The amount and source of distributions we may make to our stockholders are uncertain, and we may be unable to generate sufficient cash flows from our operations to make distributions to our stockholders at any time in the future.
  • We may pay distributions from sources other than our cash flow from operations, including, without limitation, from borrowings or the sale of or repayment under our assets, expense support from the Advisor and the Sub-Advisor, or proceeds from our private offering, and we have no limits on the amounts we may pay from such sources.
  • Purchases and repurchases of our shares are not made based on the current NAV per share.
  • Valuations of our assets are estimates of fair value and may not necessarily correspond to realizable value.
The other 66 risks
  • Our NAV per share amounts may change materially if the valuations of our assets materially change from prior valuations.
  • It may be difficult to reflect, fully and accurately, material events that may impact our monthly NAV.
  • NAV calculations are not governed by governmental or independent securities, financial or accounting rules or standards.
  • If we are unable to raise substantial funds, we will be limited in the number and type of investments we make, and the value of an investor’s investment in us will be more dependent on the performance of any of the specific assets we acquire.
  • Our board of directors has, and may in the future, adopt certain measures under Maryland law without stockholder approval that may have the effect of making it less likely that a stockholder would receive a “control premium” for his, her or its shares.
  • Our charter permits our board of directors to issue preferred stock on terms that may be senior to the rights of the holders of our shares or discourage a third party from acquiring us.
  • Maryland law limits, in some cases, the ability of a third party to vote shares acquired in a “control share acquisition.”
  • Maryland law and our organizational documents limit our rights and the rights of our stockholders to recover claims against our directors and officers, which could reduce an investor’s and our recovery against them if they cause us to incur losses.
  • Our charter contains stock ownership limits, which may delay or prevent a change of control.
  • An investor’s percentage ownership interest in us will be diluted if we issue additional shares.
  • We are not required to comply with certain reporting requirements, including those relating to auditor’s attestation reports on the effectiveness of our system of internal control over financial reporting, accounting standards and disclosure about our executive compensation, that apply to other public companies.
  • An investor’s investment return may be reduced if we are required to register as an investment company under the Investment Company Act.
  • We depend on the Advisors to develop appropriate systems and procedures to control operational risk.
  • Compliance with the SEC’s Regulation Best Interest by participating broker-dealers may negatively impact our ability to raise capital in our private offering, or other offerings, which could harm our ability to achieve our investment objectives.
  • We could be negatively impacted by cybersecurity attacks.
  • We may change our investment and operational policies without stockholder consent.
  • General Risks Related to Our Investments
  • Investments in real estate debt are subject to risks including various creditor risks and early redemption features which may materially adversely affect our results of operations and financial condition.
  • Prepayment rates may adversely affect the value of our portfolio.
  • Our investments in RMBS may result in losses stemming from prepayments on the underlying asset and changes in interest rates.
  • Our investments in RMBS may involve structural and legal risks.
  • The market for the U.S. performing and re-performing whole mortgage loans and other residential mortgage loans in which we invest is subject to various layers of regulation and oversight.
  • Reinvestment risk could affect the price for our shares or their overall returns.
  • Debt-oriented real estate investments face a number of general market-related risks that can affect the creditworthiness of borrowers, and modifications to certain loan structures and market terms make it more difficult to monitor and evaluate investments.
  • Difficult conditions in the residential mortgage and residential real estate markets as well as general market concerns, including macroeconomic events, may adversely affect the value of residential mortgage loans, including U.S. performing and re-performing whole mortgage loans and other target assets in which we invest.
  • Although obtaining collateral from counterparties is intended to help mitigate our potential exposure to a default by or the insolvency of a counterparty, such risks cannot be completely removed.
  • Our operating results are dependent upon the Sub-Advisor’s ability to source a large volume of U.S. performing and re-performing whole mortgage loans and other target assets for our investments on attractive terms.
  • Although we do not intend to invest in non-performing residential mortgage loans, if we do acquire non-performing loans, this could increase our risk of loss.
  • Non-QM loans are loans that are underwritten pursuant to less stringent underwriting guidelines, and to the extent we invest in Non-QM loans, we could experience higher rates of delinquencies, defaults and foreclosures than those experienced by loans underwritten to more stringent underwriting guidelines and be subject to increased risks.
  • The U.S. performing and re-performing whole mortgage loans and other residential mortgage loans in which we invest are subject to a risk of default, among other risks.
  • We may face material risks around security arrangements.
  • The operating and financial risks of borrowers may adversely affect our results of operations and financial condition.
  • We will face risks associated with hedging transactions.
  • We intend to invest in derivatives, which involve numerous risks.
  • Failure to hedge effectively against interest rate changes may materially adversely affect our results of operations and financial condition.
  • Failure to obtain and maintain an exemption from being regulated as a commodity pool operator could subject us to additional regulation and compliance requirements that could materially adversely affect our business, results of operations and financial condition.
  • Political changes may affect the real estate debt markets.
  • We may need to foreclose on certain of the residential mortgage loans we acquire, which could result in losses that materially and adversely affect us.
  • We may be affected by deficiencies in foreclosure practices of third parties, as well as related delays in the foreclosure process.
  • Mortgage loan modification programs and future legislative action may adversely affect the value of, and the returns on, our target assets, which could materially and adversely affect us.
  • Competition for investment opportunities may reduce our profitability and the return on an investor’s investment.
  • Accounting rules for certain of our transactions are highly complex and involve significant judgment and assumptions. Changes in accounting interpretations or assumptions could impact our consolidated financial statements.
  • If we fail to develop, enhance and implement strategies to adapt to changing conditions in the residential real estate and capital markets, our financial condition and results of operations may be materially and adversely affected.
  • We may make joint-venture investments on an opportunistic basis, including with affiliates of the Advisor or the Sub-Advisor. Joint-venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on the financial condition of our joint-venture partners and disputes between us and our joint-venture partners.
  • In our due diligence review of potential investments, we may rely on third-party consultants and advisors and representations made by sellers of potential assets, and we may not identify all relevant facts that may be necessary or helpful in evaluating potential investments and such decisions may be made on an expedited basis.
  • There can be no assurance that the Advisor or the Sub-Advisor will be able to detect or prevent irregular accounting, employee misconduct or other fraudulent practices or material misstatements or omissions during the due diligence phase of potential investments or during our efforts to monitor and disclose information about the investment on an ongoing basis or that any risk management procedures implemented by us will be adequate.
  • A change to the conservatorship of Fannie Mae and Freddie Mac and related actions, along with any changes in laws and regulations affecting the relationship between Fannie Mae and Freddie Mac and the U.S. Government, could materially and adversely affect us.
  • Certain actions by the U.S. Federal Reserve could materially and adversely affect us.
  • The ownership of residential mortgage loans could subject us to legal, administrative, regulatory, and other risks, including those arising under U.S. federal consumer protection laws and regulations designed to regulate residential mortgage loan underwriting and originators’ lending processes, standards and disclosures to borrowers.
  • Increases in interest rates could adversely affect the value of our assets, cause our interest expense to increase, increase the risk of default on our assets and cause a decrease in the volume of certain of our target assets, which could materially and adversely affect us.
  • Credit ratings assigned to our investments are or will be subject to ongoing evaluations and revisions, and we cannot assure investors that those ratings will not be downgraded.
  • Our investment in lower rated non-Agency RMBS resulting from the securitization of our assets or otherwise exposes us to the first loss on the mortgage assets held by the securitization vehicle. Additionally, the principal and interest payments on non-Agency RMBS are not guaranteed by any entity, including any government entity or GSE, and therefore are subject to increased risks, including credit risk.
  • We target the acquisition of MSRs and excess MSRs, which would expose us to significant risks.
  • We rely on analytical models and other data to analyze potential asset acquisition and disposition opportunities and to manage our portfolio. Such models and other data may be incorrect, misleading, or incomplete, which could cause us to purchase assets that do not meet our expectations or to make asset management decisions that are not in line with our strategy.
  • The lack of liquidity in our assets may have a material adverse effect on us.
  • We may be exposed to environmental liabilities with respect to properties in which we have an interest.
  • Insurance proceeds on a property may not cover all losses, which could result in the corresponding non-performance of or loss on our investment related to such property.
  • Risks Related to Debt Financing
  • We may encounter adverse changes in the credit markets.
  • We may use leverage in executing our business strategy, which may materially and adversely affect us.
  • If we seek to obtain and draw on a line of credit or otherwise incur leverage to fund repurchases or for any other reason, our financial leverage ratio could increase beyond our target.
  • Volatility in the financial markets and challenging economic conditions could adversely affect our ability to secure debt financing on attractive terms and our ability to service or refinance any future indebtedness that we may incur.
  • Lenders may require us to enter into restrictive covenants relating to our operations, which could limit our ability to make distributions to our stockholders.
  • Market conditions and other factors may affect our ability to securitize assets, which could increase our financing costs and materially and adversely affect us.
  • We may be unable to profitably execute securitization transactions, which could materially and adversely affect us.
  • We use repurchase agreements to finance our securities investments, which may expose us to risks that could result in losses.
  • Risks Related to our Relationship with the Advisor, the Sub-Advisor and the Managing Dealer
  • We depend on the Sub-Advisor, under the oversight of the Advisor and our board of directors, to manage our investments and otherwise conduct our business, and any material adverse change in its financial condition or our relationship with the Advisor and the Sub-Advisor could have a material adverse effect on our business and ability to achieve our investment objectives.

Legal proceedings

We may from time to time be a party to legal proceedings which arise in the ordinary course of our business. Management is not aware of any current or pending legal proceedings to which we or any of our subsidiaries are a party or to which any of our property is subject, the outcome of which would, in management’s judgment based on information currently available, have a material adverse effect on our results of operations or financial condition, nor is management aware of any such legal proceedings contemplated by governmental authorities.

The opening of Item 3, Legal Proceedings.6

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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