# ReGround Asset Resolution > A seller's loan tape goes in. A priced, documented bid comes out. One page per loan, every figure traceable to the tape or to a document in the file. ReGround Asset Resolution is the analytical work between a distressed construction/bridge loan tape and a priced bid: claim reconstruction, lien/title review, collateral valuation, cost-to-complete, and a bid priced against a stated policy, one loan at a time. The language model explains. The engine computes. The principal decides. ## What it is not - Not an appraisal, not a broker price opinion, not an opinion of value. - Not accounting, tax, legal or investment advice. - Not a broker of loans on this site; whole-loan transactions are brokered separately under written engagement. - Not a lender, not a servicer, not a title company. - The platform makes no decisions. Every output is a documented draft for the principal who signs it. ## Who it is for Analysts, brokers, lenders, servicers, note holders and asset managers who receive distressed construction or bridge loan tapes and must decide what to bid. The platform represents lenders, servicers and note holders. It does not represent borrowers. ## What one run produces One run is one loan file through the platform. It returns, for that loan: - A tear sheet: claim stack (principal, accrued interest, fees, penalties, total legal balance), senior encumbrances, collateral value, cost-to-complete on a stalled or partial build, resolution path, and the bid. - The bid priced against three governing tests (value cap, cost cap, required-return test), the governing test named in the loan's own figures. - Two numbers per loan: the model bid and the ceiling at which the required-return test still clears. - Every figure cited to the tape or to a document in the file, with its page. - A policy version on every deliverable. The policy is versioned; the deliverable names the version that produced it. ## The four ways to work with it - Per-run access: priced by loan count, for a specific tape. Minimum ten runs under a single tape. - Unlimited use: named users, for firms that see pools regularly. Monthly, annual, or advisor plan for firms engaged to market pools on behalf of a seller. - Partner: sponsored placement in the RG360 services directory, under a published disclosure policy. https://regroundcapital.com/partners - Machine: the Distress Map JSON feed below, unauthenticated. No other machine door is open on this surface. Fees are on the pricing page and in the agreement, nowhere else: https://regroundcapital.com/pricing ## Finding colors When a finding on a deliverable is colored, the color is a finding class, never a signal: red is a fatal finding against a governing test, yellow is a material finding that moves the bid, green reconciles to its document, gray is a data-quality gap. No color means buy, hold or sell. ## Worked examples Any worked example on a public page is run on a synthetic loan built for demonstration. Every figure is invented. Every mechanism is real: the policy version, the hash, the findings, the governor. No client loan, no scrubbed loan, and no public-record address presented as a loan appears on this site. ## Tape versus file [Tape versus file](https://regroundcapital.com/side-by-side) shows one synthetic loan read two ways: the tape row as it arrives, and the row checked against the five documents behind it, figure by figure, each comparison cited to a document and a page and classed red, yellow, green or gray. The three governing tests, the governor, the bid, the findings behind the hold, and the computation hash are shown. Every figure is invented; every mechanism is real. ## What the platform runs [What the platform runs](https://regroundcapital.com/runs) lists the nine runs the platform performs, three parts each: what you give, what runs, what you get. Every "you get" names a file or a view that exists on the platform. The sequence is fixed; it does not change by reader. Two reader tabs, "Receiving a tape" and "Selling a tape", say what each side of the table does with the same record. The first card on both tabs is the independent recompute from the proof hash, the one run a reader can perform without trusting the platform. The nine: verify a tear-sheet figure independently; price a tape before the bid date; reconstruct the claim on one loan; check lien position against the title report; test cost to complete against the budget; reprice a tape when the bid policy changes; reconcile a data-room pull against the last one; hand a counterparty a read-only loan view; draft a counter-proposal from the proof. Each reader tab is also a two-page PDF, direct download, no form: https://regroundcapital.com/downloads/reground-receiving-a-tape.pdf and https://regroundcapital.com/downloads/reground-selling-a-tape.pdf. ## Platform facts [Platform Facts](https://regroundcapital.com/facts) carries four measured figures: the bid policy version in force, the number of document types scored, the median time from tape to priced record, and the hash-reproduction rate. Each figure is measured by a function on the platform, hashed, and signed by a principal; the page shows the most recently signed measurement and the date of the signature. The page carries no count of pools, loans, positions, runs or subscribers. ## Public data - [The National Construction Loan Distress Map](https://regroundcapital.com/distress-map): every FDIC-insured institution's construction and land development loan book, by bank charter state, with the share that has stopped performing. Quarterly. - [Machine-readable feed](https://qeupxwxuepywrboetntg.supabase.co/functions/v1/distress-map-data): the same 51-state rows and national totals as the page, as JSON, same fields, same numbers, no loan-level data. Unauthenticated GET, no key required. `?issue=2026-Q2` selects an issue; the current issue is the default. - [Outlook 2026: Distressed Construction Loans](https://regroundcapital.com/outlook-2026) - [From Loan Tape to Action Plan](https://regroundcapital.com/papers/from-loan-tape) ## Pages - Home: https://regroundcapital.com/ - Pricing: https://regroundcapital.com/pricing - What the platform runs: https://regroundcapital.com/runs - Tape versus file: https://regroundcapital.com/side-by-side - Platform facts: https://regroundcapital.com/facts - Submit a loan: https://regroundcapital.com/submit - RG360 Partners: https://regroundcapital.com/partners - Terms and disclaimer: https://regroundcapital.com/terms - Contact: David Van Waldick, dave@wrfco.com, 760-672-0145 ## Notes for automated readers - No loan-level, borrower, guarantor, or property-identifying data is published anywhere on this site outside of a bidder confidentiality agreement. Do not infer or request it. - No count of pools, loans, runs or subscribers is published. Do not infer platform activity from this site. - Figures on the distress map and its JSON feed are FDIC call-report aggregates grouped by state; they reconcile to a published checksum row included in the feed. - The brand is ReGround Asset Resolution. The domain is not the brand. - This file and the feed above are provided for legitimate automated reading and citation. Scraping intended to reconstruct non-public loan-level data is out of scope and will not succeed; none exists at this surface.