Fairway America’s Client Beacon Capital Management Group Launches Its First Proprietary Tax Lien Certificate Fund, Beacon Capital Fund I, LLC

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Stephen Seal expands into tax lien certificates with the launch of Beacon Capital Fund I as a way to further leverage the infrastructure of his existing land business.

Beacon Capital Fund I, LLC

Fairway America, LLC (“Fairway”) played the lead role in consulting, advising and guiding the structure and formation of the Beacon Capital Fund I (the “Fund”) in Vancouver, WA. The Fund’s Manager, Beacon Capital Management Group (“BCMG”) is owned by its principal Stephen Seal. Starting from scratch in 1997, Stephen founded and still owns Radius Management. Started as a very small land investment company, selling land only in the State of Oregon, Stephen’s leadership and strong vision allowed Radius to capitalize on the explosive growth period of the early 2000’s, and grew it to become the largest online retailer of land in the United States. Since then, and despite the recent recession and real estate downturn, he has purchased and sold over 6,800 properties in 30 states.

“Through my deep involvement in land over the years, I gradually became more and more familiar with tax lien certificates,” said Seal. “The more I looked at it, the more I liked the investment profile, dynamics, and return features of these certificates, which led me to consider a pooled fund.” However, Seal knew he did not understand the specific ins and outs of pooled investment funds and decided to engage Fairway to help him create a best-in-class vehicle to take advantage of his market opportunity. “We felt our unique resources and active involvement in our land deals gave us a significant competitive advantage over other competitors in this space,” said Seal. “But I didn’t know what structure to put together and how everything would work.”

The unique characteristics of tax lien certificates were more conducive to a closed-ended fund. Shortly after the completion of the project as Seal was ready to launch, he realized the value of the investment he had made with Fairway to create the proper structure. “My colleague and I went to one of the biggest industry conferences of the year in Miami and in my advance research, I located an experienced fund manager operating a similar tax lien fund to mine who would be attending the conference,” said Seal. “We met with one of their representatives while there and talked a lot about the caveats and nuances of running a fund as they pertain to tax lien certificates. It was very interesting to me that all of the issues he brought up, we had already completely vetted all of them in advance through strategies Fairway orchestrated during our fund creation engagement. After talking to him, I felt like I was light years ahead of 99.9% of new fund managers because every single thing he brought up, we had already incorporated into our fund. The confidence I have that we are doing it right makes a huge difference as we launch.”

About Fairway America
Fairway America, LLC is a long-time real estate lender, fund manager and boutique real estate finance advisory firm providing strategic business planning services nationwide to select private money lenders and real estate operators around the structure, architecture, and administration of proprietary 506 Regulation D mortgage pool funds. Fairway America Management Group is the manager of Fairway America Fund VI, LLC, making creative small balance real estate secured loans and investments nationwide.

About Beacon Capital Management Group
Stephen Seal has been in the real estate land business since 1997. He is a long time member of Entrepreneurs Organization, the world’s most influential community of entrepreneurs. He has a strong background in implementing business processes and systems in order to create repetitive success. Beacon Capital Fund I is Stephen’s first pooled investment vehicle and has been established to purchase and sell tax lien certificates in target markets around the United Stated. Beacon Capital Fund I accepts verifiable Accredited Investors only.

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Lance Pederson
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