Flexible financing. Expert partners.

Capitalizing opportunity

Aspen Capital Funding, headquartered in Portland, Oregon, is a private money commercial real estate portfolio lender and buyer of non-performing loans. We specialize in fast, flexible, short-term mortgage financing. From originating hard money loans to funding the purchase of non-performing loans, we can help you capitalize opportunity immediately. Aspen Capital Funding is:


RELIABLE: If we say we'll close, we'll close. As a portfolio lender and loan purchaser we can make fast decisions with the assurance of available funds.


We believe in speed and simplicity. There is no bureaucracy at Aspen Capital Funding. Partners make all decisions directly, relying upon in-house underwriting, eliminating the need for expensive, time-consuming appraisals.


We do the deals that banks can't, and buy the loans that banks don’t want. Aspen Capital Funding provides financing that fills the gap between traditional institutions and equity partners. We are not deterred by litigation, liens, bankruptcy or environmental concerns. Collectively, Aspen Capital Funding partners represent decades of diverse real estate experience and have closed hundreds of loans, acquisitions and joint ventures. We are experts in designing loans that meet your needs and get your deals done. Immediately.

Meet the team

  • Steve Rosenberg

    Steve Rosenberg Steve founded Aspen Capital in 1987. His experience runs the gamut from residential to resort development, debt to equity, boom times to bust. Steve spent his formative years working for Landsing Property Corp., Smith-Ritchie Corp. and The Rawhide Co as a licensed real estate and mortgage broker. He heads up the Residential Lending group Gregory Funding. A graduate of Colorado College and the University of Wisconsin Graduate School in Real Estate, Steve has been underwriting, negotiating and structuring real estate loans and development financing since 1975. He is a dedicated philanthropist and has served on numerous boards including Chamber Music Northwest and the State Department of Environmental Quality Task Force. He also served as president of the Mittleman Jewish Community Center and the Jewish Federation of Portland.

  • Ulysses Sherman

    Ulysses Sherman Ulysses is a principal of Aspen Capital primarily active in originating, structuring and managing commercial loans and investments through Aspen Capital Funding. Ulysses has managed several closely held, discretionary investment funds while also serving as president of a small portfolio management company specializing in alternative investments. Before joining Aspen Capital, Ulysses worked as a water resources engineer, focusing on municipal water planning for the City of Boulder, Colorado and hydrologic studies of mines in Central America. Ulysses served as a Peace Corps volunteer in Côte d'Ivoire after obtaining degrees in Physics (B.A., Williams College) and Civil Engineering (M.S., University of Colorado).

  • Larry Mendelsohn

    Larry Mendelsohn An Aspen Capital partner since 1995, Larry brings a wealth of experience from his years on Wall Street. He serves as the principal and managing member of Flanders Street Capital Management LLC, an asset and credit driven high yield corporate debt partnership, Alleycat Partnerships, an investor in distressed corporate debt and equity and manages bulk loan and property acquisitions. Larry has served as President and Director of Wilshire Financial Services Group and Fog Cutter Capital Group, Head of Emerging Market Capital Markets at Bankers Trust New York and Head of Equity and Distressed Securities Proprietary Trading at J.P. Morgan Securities. He holds degrees in Economics (A.B., University of Chicago), International Politics (M.A., University of Texas) and Finance (Ph.D./ABD, University of Southern California).

  • Irving Potter

    Irving Potter Irving is General Counsel of Aspen Capital and its affiliates, and has been working with the principals since the group's inception. Irving is a founding partner at Josselson and Potter Law Offices, a firm specializing in real estate, land use, environmental, finance and general business law. A graduate of Claremont McKenna College and Willamette University College of Law, Irving has been practicing law since 1974.