# EDGAR Filing Document

**Accession Number:** 0002080200
**File Stem:** 0001999371-25-016065
**Filing Date:** 2025-10
**Character Count:** 10869
**Document Hash:** 124d12460c1897578acb7e15acfc00c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-016065.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0001999371-25-016065

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CNL Strategic Residential Credit, Inc.
- **CENTRAL INDEX KEY:** 0002066337
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 333001463
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95283
- **FILM NUMBER:** 251416620

**BUSINESS ADDRESS:**
- **STREET 1:** 450 SOUTH ORANGE AVE
- **STREET 2:** SUITE 1400
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32801
- **BUSINESS PHONE:** 4076501000

**MAIL ADDRESS:**
- **STREET 1:** 450 SOUTH ORANGE AVE
- **STREET 2:** SUITE 1400
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32801
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** InSolve Capital G.P. Parent, L.L.C
- **CENTRAL INDEX KEY:** 0002080200

**ORGANIZATION NAME:**
- **EIN:** 300699198
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 7114 E. STETSON DRIVE, SUITE 250
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85251
- **BUSINESS PHONE:** 6029351546

**MAIL ADDRESS:**
- **STREET 1:** 7114 E. STETSON DRIVE, SUITE 250
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85251

## Exhibit 99.1

**Exhibit 99.1**

**JOINT FILING STATEMENT**

**PURSUANT TO RULE 13d-1(k)**

The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is inaccurate.

Dated: October 24, 2025

---

| | |
|:---|:---|
| **Balbec Capital Holdings, L.P.** | **Balbec Capital Holdings, L.P.** |
| Signature: | /s/ Jeff Padden |
| Name: | Jeff Padden |
| Title: | Manager |
| **InSolve Capital G.P. Parent, L.L.C.** | **InSolve Capital G.P. Parent, L.L.C.** |
| Signature: | /s/ Jeff Padden |
| Name: | Jeff Padden |
| Title: | Manager |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** CNL Strategic Residential Credit, Inc.

**Title of Class of Securities:** Class E Common Stock, $0.001 par value per share

**CUSIP Number:** 000000000

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Balbec Capital Holdings, L.P. | Names of Reporting Persons<br>Balbec Capital Holdings, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>100000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>100000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>100000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>100000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>50% | Percent of Class Represented by Amount in Row (9)<br>50% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>InSolve Capital G.P. Parent, L.L.C. | Names of Reporting Persons<br>InSolve Capital G.P. Parent, L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>100000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>100000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>100000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>100000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>50% | Percent of Class Represented by Amount in Row (9)<br>50% |
| 12. | Type of Reporting Person (See Instructions)<br>HC | Type of Reporting Person (See Instructions)<br>HC |

---

**Item 1(a). Name of Issuer:**
CNL Strategic Residential Credit, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
CNL Center at City Commons 450 South Orange Avenue, Suite 1400 Orlando, Florida 32801

**Item 2(a). Name of Person Filing:**
The statement is being jointly filed by each of the entities below pursuant to Rule 13d-1(k), all of who together are referred to herein as "Reporting Persons")

(1) Balbec Capital Holdings, L.P. ("Balbec Capital Holdings"), a Delaware limited partnership, which directly holds Class E shares (as defined in Item 2(d)); and

(2) InSolve Capital G.P. Parent, L.L.C. ("InSolve Capital Parent G.P."), a Delaware limited liability company, which is the general partner of Balbec Capital Holdings, L.P. and makes decisions, including voting or investment decisions with respect to the Class E shares held by Balbec Capital Holdings.

**Item 2(b). Address of Principal Business Office:**
7114 E Stetson Dr, Suite 250, Scottsdale, AZ 85251

**Item 2(c). Citizenship:**
Delaware

**Item 2(d). Title of Class of Securities:**
Class E Common Stock, $0.001 par value per share

**Item 2(e). CUSIP Number:**
000000000

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Balbec Capital Holdings: 100,000
InSolve Capital G.P. Parent: 100,000

**(b) Percent of class:**

Balbec Capital Holdings: 50%
InSolve Capital G.P. Parent: 50%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Balbec Capital Holdings: 0
InSolve Capital G.P. Parent: 0

**(ii) Shared power to vote or to direct the vote:**

Balbec Capital Holdings: 100,000
InSolve Capital G.P. Parent: 100,000

**(iii) Sole power to dispose or to direct the disposition of:**

Balbec Capital Holdings: 0
InSolve Capital G.P. Parent: 0

**(iv) Shared power to dispose or to direct the disposition of:**

Balbec Capital Holdings: 100,000
InSolve Capital G.P. Parent: 100,000

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Balbec Capital Holdings, L.P.**

**Date:** 10/24/2025

**By:** /s/ Jeff Padden

**Name & Title:** Jeff Padden/Manager

**InSolve Capital G.P. Parent, L.L.C.**

**Date:** 10/24/2025

**By:** /s/ Jeff Padden

**Name & Title:** Jeff Padden/Manager