There is a real need out there for many of the small balance real estate funds for a reliable source of capital and we believe we can help fill this void.
Portland, OR (PRWEB) August 20, 2014
Fairway America, LLC (“Fairway”), a Portland, Oregon-based small balance real estate fund advisory and investment firm, announced today the launch of its seventh and latest fund, Fairway America Fund VII, LP (the “Fund”).
The Fund, the very first of its kind in the small balance niche, will consider both debt and equity investments in other real estate asset based 506 Regulation D funds, including mortgage pools, real estate funds, fix and flip funds, discounted note acquisition funds, tax lien certificate funds, and/or other funds whose investment strategy and assets are fundamentally real estate based.
The Fund will be managed by Fairway America Management Group II, LLC, which will invest an initial $2,500,000 into the Fund. It will seek deal flow by leveraging Fairway’s relationships with clients and sources from around the country created through its growing fund advisory and consulting practice.
“There is a real need out there for many of the small balance real estate funds for a reliable source of capital,” said Matt Burk, Fairway America’s CEO and Chief Investment Officer of the Fund. “Getting institutional money for small discretionary funds is very difficult for many of these fund managers, and we believe we can help fill this void.”
The Fund was able to get off the ground with the help of Patrick Terrell, a Portland, Oregon-based investor with a long and successful track record in private equity.
“The more I talked with the Fairway guys, the more I liked the space and the market opportunity,” said Terrell. “I’m very excited about the Fund and happy to be able to participate.”
The Fund’s strategy is to leverage Fairway’s extensive experience and track record in having operated multiple funds of its own as well as consulted with, advised on and/or administered dozens of others on behalf of its clients. The Fund expects to invest with a variety of fund managers pursuing a variety of real estate investment strategies in a variety of target markets.
Fairway has been working on the creation and launch of the Fund for the past several months in the run up to the Small Balance Real Estate Investment Summit, it is hosting in Seattle, Washington on October 16, 17 and 18. The Fund expects to make commitments of at least $2,000,000 to various participants at the Summit.
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 private money lenders and real estate operators around the structure, architecture, and administration of proprietary 506 Regulation D pooled investment funds. Fairway related entities manage two funds, Fairway America Fund VI, LLC, an acquirer of small balance real estate secured loans and investments, and Fairway America Fund VII, LP, a small balance real estate fund of funds. Both funds consider investments nationwide. This press release does not constitute an offer or solicitation to sell securities in any of the companies mentioned. Investors may not rely in any way on the information provided in this press release for investment decisions.