Forja | Built For Operators, By disciplined Operators.

Get Into Your Next Real
Estate Deal. Guaranteed.

A 12-month, high-touch coaching engagement led directly by two active operators — not a course, not a content library.

True operators who work alongside you, deal by deal, until you're in.

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"Many want to build a multimillion dollar portfolio. Very few know how to build the right foundation."

The Method

How We Build Disciplined Operators.

Our approach to building disciplined operators begins with personalized mentorship.

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Step 01

Direct Access To Operators

Not pre-recorded content. Direct mentorship from two active GPs currently doing deals.

Step 02

Two-Track Curriculum

Deal-side and capital-side, each taught by the partner who lives it daily.

Step 03

The Guarantee

Into a real estate deal within 12 months — or we keep working until you get there.

Step 04

A Real Cohort, Not A Crowd

A handful of selected people per group. Not hundreds of names in a Discord.

Track Record

By The Numbers.

Both John and Francisco have successfully raised over $150 million in equity, demonstrating its strong financial backing and investor confidence.

$
150
M+
equity raised
6300
+
total units
7
Distinct Markets
$
590
M+
transacted volume
The Founders

Taught Directly By The Two People Doing The Work.

Built For Operators, By Disciplined Operators.

Francisco Herrera

Partner & Chief Investment Officer, Peak 15 Capital

Francisco didn't come up through a real estate program or a family office. He came up by doing the work — cold-calling brokers, underwriting deals on nights and weekends, and learning commercial real estate the only way that was available to him: being in the trenches.

He never finished a four-year degree, and for years that felt like something to hide in rooms full of MBAs and institutional investors. It isn't anymore. It's the reason he teaches the way he does — no jargon for jargon's sake, no assumption that you already speak the language. If he could learn underwriting, capital structure, and deal execution without a finance degree, you can too.

Today, as Partner and Chief Investment Officer at Peak 15 Capital, Francisco oversees deal sourcing, financial risk underwriting, and strategic capital structure. Under his leadership, Peak 15 has built a portfolio spanning 6,000+ units across 7 distinct markets — with over $590 million in transacted volume across asset classes ranging from small bay industrial, value-add multifamily, ground-up Class A development to Class C multifamily turnarounds.

He co-founded Forja alongside John Azar — built for operators starting with or without a pedigree.

John Azar

Founder & CEO, Peak 15 Capital

John built his track record the institutional way — sourcing, structuring, and closing equity and debt deals across commercial real estate, then scaling that into Peak15 Capital, a firm with a cumulative portfolio north of $700 million.

Before that, he was a Managing Member of MACC Venture Partners, syndicating multifamily across the Southeast, and a Co-Founder of Boston Venture Partners, a PE investment bank built around real estate development and structured finance.

Cumulatively, John has worked on over $3 billion in deals in his career — and counting.As Founder and CEO of Peak15 Capital, John leads capital strategy, investor relationships, and fund deployment across the firm's discretionary vehicles.

John holds a BA from UNC Charlotte and an MBA from Boston University's Questrom School of Business — but what he brings to the program is knowing exactly what an investor, lender, or partner needs to hear to say yes, and teaching that directly.

He also co-founded Forja alongside Francisco Herrera — built to hand new operators the capital markets and full deal cycle playbook he spent two decades writing the hard way.

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What You Get

A Two-Track Curriculum, Taught By The Partner Who Lives It.

Our curriculum is uniquely structured to provide real-world insights from those actively engaged in the industry.

Deal-Side

Taught By Francisco

  • Underwriting Analysis
  • Capital Structure
  • Offering Memorandum Analysis
  • Risk Assessment & Mitigation
  • Market and Submarket Fundamentals
Capital-Side

Taught By John

  • Business Development
  • Strategic Investor Relations
  • Art of Pitching Your Deal
  • Strategic Positioning
  • Capital-Raising Fundamentals
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Beyond The Curriculum

The Infrastructure Behind The Guarantee.

Our guarantee is supported by a robust infrastructure designed to ensure your success.

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01

Structured Call Cadence

A 12-month rhythm of direct calls with Francisco and John — not a self-paced schedule. Accountability built into the structure.

02

Broker & Lender Access

Direct working relationships, not cold introductions. Institutional capital connections you can lean on from day one.

03

Private Events & Roadshows

Periodic private events and regional roadshows included as part of the engagement. Get in the room.

04

Guest Speakers

Outside operators and capital partners brought in to share perspective beyond the core curriculum.

The Guarantee

Into A Deal Within 12 Months.

This isn't a marketing claim — it's the structural promise the entire program is built around.

Clause 01

The Commitment

We commit to work alongside you to get into a real estate deal within 12 months of starting the program.

Clause 02

How It's Fulfilled

We work alongside you — direct calls with Francisco and John, live underwriting, deal sourcing, and our network — until you're in. This is a commitment of active work, not a passive promise.

Clause 03

If You're Not There Yet

If 12 months pass and you're still actively in the work with us, we keep going — at no additional cost — until you're in a deal.

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Lending Partners.

Institutional lenders, agency lenders, and capital markets partners — direct access for every Forja operator.

Lument
Frost Bank
Arbor Realty Trust
Fannie Mae
Freddie Mac
we have the answers

Frequently Asked Questions.

Our program is structured to provide hands-on mentorship, ensuring you have the support needed to close a deal with confidence.

How is this different from a course or content platform?

There's no pre-recorded curriculum to work through alone. You're working directly with two active operators, in a small, selected cohort, toward a guaranteed outcome — not consuming content at your own pace.

Is this virtual, in-person, or both?

The core engagement runs virtually through structured calls, with direct access to Francisco and John throughout. Specifics are confirmed on your discovery call.

What happens after I apply?

If it looks like a fit, we'll reach out to schedule a discovery call. That call is where we discuss your specific situation, the program structure, and investment.

How long does application review take?

Every application is reviewed personally by Francisco and John. We'll follow up directly once yours has been reviewed.

What's the investment, and how is payment structured?

Investment is discussed on your discovery call, after your application is reviewed.

Who is this for — and who is it not for?

This is for people serious about getting into their first real estate deal in the next 12 months, with real capital or capital-raising capability behind them. It's not for people looking for passive content consumption or a side hobby.

What's the weekly time commitment?

This varies by where you are in your deal pipeline, but most members commit several hours a week to calls, underwriting work, and outreach. We'll walk through realistic expectations on your discovery call.

How does the guarantee actually work?

You get into your first real estate deal within 12 months — fulfilled through Francisco and John partnering directly with you, serving as Key Principal (KP) on your deal, or entering into a Co-GP or joint-venture structure alongside you. If 12 months pass without a deal, we keep working with you until you get one.

The Dispatch

Notes From the Field.

Every other week, what we are actually seeing in commercial real estate — deals we underwrote and passed on, where debt is pricing, which markets are softening, and the mistakes we watch operators repeat. Written by Francisco and John. No filler.

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A Handful of Selected Seats

Stop Speculating. Start Closing.

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Limited acceptance · By approved application