CAPITAL AT WORK
About

Institutional discipline. Independent viewpoint.

Powerhouse is principal-led, bringing analytical depth and practical judgment to strategy, structuring, and execution.

Why Powerhouse

Powerhouse was founded to put the client’s business plan at the center of each transaction. Capital is a tool to advance that plan.

Entrepreneurial vision must withstand institutional scrutiny. Having evaluated billions in transactions from the lender's side, we understand how underwriters and credit committees assess, price, and mitigate risk. We challenge assumptions, stress-test structures, and bring candid market perspective to the decisions that shape execution.

Powerhouse is independent and principal-led. We stay directly involved from strategy through closing and reassess the path when operations or markets shift. If a sale better serves the objective than a refinance, we make that pivot and carry it through. The client comes first. Capital follows.

Leadership
Cody Harper, Managing Principal
Cody HarperManaging Principal & Designated Managing Broker

Cody Harper is Managing Principal of Powerhouse Capital Markets, a Chicago-based real estate capital advisory firm serving clients nationwide. He directs the firm’s strategy and leads its capital markets and investment sales engagements, advising owners, investors, and developers on debt and equity placements, acquisitions, and dispositions.

Cody brings more than 25 years of experience across commercial real estate lending, capital markets advisory, and strategic finance. He has structured, underwritten, and executed more than $5 billion in transactions spanning real estate finance, structured finance, affordable housing, corporate finance, and business advisory. His experience in lending, underwriting, and credit ratings informs how he evaluates risk, structures transactions, and prepares opportunities for the market. His institutional experience includes DBRS Morningstar, Huron Consulting Group, Citi Community Capital, Capmark (GMAC), and EY.

Cody earned an MBA from the University of Chicago Booth School of Business and a BBA in Finance and Real Estate from the University of Wisconsin–Madison. He is a licensed Illinois Real Estate Managing Broker and serves as Designated Managing Broker of Powerhouse Capital Markets, LLC, overseeing the firm's licensed real estate brokerage activities.

25+Years of experience
$5B+In transactions
Qualifications
Education
  • MBA, University of Chicago Booth School of BusinessFinance, Entrepreneurship, Economics & Accounting
  • BBA, University of Wisconsin–MadisonReal Estate & Finance
  • Hong Kong University of Science & TechnologyInternational Business
Affiliations
  • WREAAWisconsin Real Estate Alumni Association
  • UC REAGUniversity of Chicago Real Estate Alumni Group
  • REIAChicago Real Estate Investment Association
  • ICSCInternational Council of Shopping Centers
Credentials
  • Illinois Real Estate Managing BrokerLicense No. 471.016413
Institutional Experience
DBRS Morningstar
  • CMBS Credit Rating & Analysis
  • Bond Ratings & Surveillance
  • CRE CLO & SASB
Huron Consulting Group
  • Strategic Finance & Business Advisory
  • Valuation Services
  • Fortune 500 Companies
Citi Community Capital
  • Affordable Housing Finance
  • Construction & Permanent Lending
  • Tax-Exempt Bonds & Credit Enhancement
  • 4% & 9% LIHTC
Capmark (GMAC)
  • Construction Lending
  • Agency Forward Commitments
  • Tax-Exempt Bond Financing
  • LIHTC & New Markets Tax Credits
EY
  • Real Estate Advisory Services
CAPITAL AT WORK
LeadershipCody HarperManaging Principal & Designated Managing Broker
Direct312.339.9330
Emailch@powerhousecapitalmarkets.com
LinkedInPowerhouse Capital Markets
OfficeChicago, Illinois