In this episode of The Wealth Clock with Steven Weinstock, Steven sits down with Robert Capelli, Managing Partner of Canine Capital Fund, to explore a private credit niche most investors have never heard of lending into dog boarding and pet hospitality businesses.
While many investors focus on multifamily, self storage, or mobile home parks, Robert explains why pet boarding kennels represent a fast growing and underserved asset class. With over 70 million US households owning dogs and limited traditional bank financing available, private credit has stepped in to fill the gap.
Robert breaks down how Canine Capital lends on businesses that also sit on valuable real estate, creating a dual asset structure that combines operating cash flow with hard collateral. The discussion covers how loans are underwritten, why SBA financing often falls short, and how predictable monthly income is generated through private credit instead of equity appreciation.
Steven and Robert also dive into key topics including
• How private credit differs from equity investing
• Why predictable outcomes matter to investors
• How cash sweeps and step in rights reduce risk
• Why retirement accounts like self directed IRAs are a natural fit for private credit
• How AI is being used to underwrite and monitor loans in real time
This episode is especially valuable for investors who want steady income, capital preservation, and exposure to alternative real estate backed lending strategies.
Guest information
Robert Capelli
Managing Partner, Canine Capital Fund
Website
https://www.canineinvestments.com
LinkedIn
https://www.linkedin.com/company/canine-capital
Facebook
https://www.facebook.com/CanineCapitalFund
About the host
Steven Weinstock is a real estate investor and private credit fund manager with nearly 25 years of experience across single family homes, multifamily, and alternative real estate strategies. Through The Wealth Clock podcast, Steven interviews operators, founders, and capital allocators to uncover what really works in building predictable wealth.
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🎙 About Steven Weinstock
Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market.
📩 Want to invest or get in touch?
Visit: www.WeCapitalX.com
📱 Connect with Steven:
LinkedIn: www.linkedin.com/in/stevenweinstock1
Instagram: https://www.instagram.com/wecapitalx/
YouTube: https://www.youtube.com/@TheWealthClockPodcast