Posts Tagged ‘Fund’

Fairway Americas Client DREAM Capital Management Launches Its First Proprietary Distressed Debt Acquisition Fund, Distressed Real Estate and Mortgage Fund I, LLC

Sunday, August 17th, 2014


(PRWEB) August 07, 2014

Fairway America, LLC (Fairway), a Portland OR based real estate asset based advisory and investment firm, played the lead role in consulting, advising and guiding the structure and formation of the Distressed Real Estate and Mortgage Fund I, LLC (DREAM or the Fund), based in the greater New York City metropolitan area. The Funds Manager, DREAM Capital Management(DCM) is owned and operated by long time Tri-state area residents Robert Napolitano and Todd Royer.

Mr. Napolitano has been passionate about real estate since his youth, learning from his immigrant father who came to the United States and began investing in real estate more than 50 years ago. My father drove a bus in Manhattan for more than 40 years, said Napolitano, and he saved and skimped to buy his first rental house. Over time he bought and sold many of them and the financial independence he achieved doing it made a great impression on me. Napolitano used these formative experiences as a motivation to create a career in the real estate business, with a focus on real estate finance.

Sensing trouble in the mid-2000s during the subprime heyday, Napolitano decided to spend time learning the more technical legal side of the real estate business in anticipation of a wave of defaults. The practices that were going on those days in the mortgage business made me think there were going to be lots of problems with foreclosures based on the crazy loans being made, and I wanted to learn how to bring value to the market in the coming downturn, which I felt was inevitable, said Napolitano. He spent time focusing on the foreclosure market and began to craft the strategy that today is the foundation of DREAMs investment focus. I believe there is a long term opportunity in helping people solve difficult problems that arise as a result of lifes circumstances, and do well financially, in the process, for ourselves and our investors. I also felt a pooled investment fund was perfect for us to be able to execute on this vision.

Napolitano first ran into Fairway at the American Association of Private Lenders (AAPL) conference in Las Vegas in the fall of 2012. When he saw a panel session featuring Fairways CEO, Matt Burk, he knew right away these were the guys to help him realize that vision. The depth of their experience and comprehensiveness of their approach were just what I was looking for, said Napolitano. I had been trying to figure out how to put DREAM together and saw that these were the people to truly help me. Having now gone through their complete fund launch consulting engagement, I am ecstatic with that decision, as I have a complete and thorough knowledge and understanding of exactly what we are doing as we launch our fund. Fairway has been invaluable in helping us get this off the ground.

DREAM has also engaged Fairway to handle the ongoing back-end administration for all of the Funds activities. Having Fairway on our team going forward will make a huge difference to us as we grow our Fund, said Royer, who will head DREAMs ongoing operational functions. Their processes, systems, and support give us a great deal of confidence that will help us inspire that same confidence in our investors as we move forward. We can focus on raising capital and finding investment opportunities that meet our criteria and know all the important fund administration details are being handled professionally by an experienced and capable group of people. DREAM is launching in August 2014 and accepts accredited investors only.

About Fairway America

Fairway America, LLC is a longtime 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 asset based dealmakers around the structure, architecture, and administration of proprietary 506 Regulation D SBRE funds. Fairway America Management Group II is the manager of Fairway America Fund VII, LLC, which invests in other 506 Regulation D SBRE funds nationwide.

About Distressed Real Estate and Mortgage Fund I

Distressed Real Estate and Mortgage Fund I, LLC is a 506 Regulation D SBRE fund that invests in opportunistic real estate debt and equity in the eastern United States. The Fund invests in both residential and commercial real estate asset based opportunities and accepts accredited investors only.







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Decosimo Principal Chairs National Hedge Fund Due Diligence Forum

Tuesday, April 8th, 2014


New York, NY (PRWEB) March 21, 2014

Decosimo, a Top 100 accounting and business advisory firm, is the lead sponsor for the Hedge Fund Due Diligence Master Class hosted by the Financial Research Associates (FRA) March 25-26 at New York Citys Princeton Club. Principal Karl J. Jordan, CPA, CGMA, will chair the two-day conference focused on the strategies to meet the complex due diligence mandates and the demands for greater transparency for hedge funds.

The conference will educate fund managers on regulatory developments and their impact on the due diligence process; common deal-breakers involving the new world of conflicts of interest and the changing landscape of portfolio valuation and liquidity, as well as ways to address cyber security and other technology issues impacting hedge funds.

Karl Jordan is Decosimos investment entities practice leader and also serves as the Director in Charge of the firms Cayman office, Moore Stephens Decosimo Cayman Limited. He has extensive experience in providing services to hedge funds, private investment partnerships, alternative investment partnerships, broker/dealers, real estate companies, captive insurance, investment companies, family offices and high-net-worth individuals.

Through its highly-focused conferences and seminars, FRA provides access to timely, cutting-edge information for the nations top executives. Decosimo consistently sponsors FRAs educational conferences and has lead presentations at recent conferences on such topics as valuation for hard-to-value portfolios, hedge fund tax and compliance issues and due diligence for institutional investors.

Decosimo is a leading public accounting and business advisory firm specializing in services to alternative investment funds, offshore entities, fund of funds, real estate funds, investment advisors, broker/dealers, financial institutions, captive insurance companies and alternative loan and private investment groups. Decosimo has been recognized as one of the leading hedge fund auditing firms in the nation. In a 2014 ranking by HFMWeek Magazine highlighting service providers, Decosimo placed among the Top 15 auditors of funds managed by SEC-registered advisors in the U.S. Beyond assurance and tax solutions, Decosimo provides advisory services for independent due diligence and transaction services; accounting assistance with fund launches; investment performance testing; counsel related to fund structure, fee agreements and complex tax allocation issues; advice on matters of board governance and ethics; and attestation services under the SEC Custody Rule provisions. As an independent firm associated with Moore Stephens International Limited, Decosimo has access to additional resources and professionals in 667 offices across 105 countries offering clients a global reach while maintaining a local perspective. Learn more at http://www.decosimo.com/investment.







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GCA Equity Partners, LLC Announces First Quarter Results for its GCA California Real Estate Fund

Tuesday, May 14th, 2013


Campbell, California (PRWEB) May 14, 2013

GCA Equity Partners, LLC, today announced that the GCA California Real Estate Fund, LLC provided its investors with a net annualized return of 14.27% for the first quarter ended March 31, 2013. Investors who have participated since inception have realized a net annualized return of 12.77%. The fund provides short-term financing for the purchase and rehabilitation of distressed properties as well as for new construction.

Strong real estate market conditions are driving the funds performance. According to the California Association of Realtors, The March price {for single family homes} was up 28.2 percent from a revised $ 295,630 recorded in March 2012, marking the 13th consecutive month of annual price increases and the ninth consecutive month of double-digit annual gains. The structure of the GCA California Real Estate Fund enables its investors to benefit from market appreciation, as well as earn regular interest income.

Its very gratifying to know that our investors are so pleased with the funds performance, said Charles Tralka, fund manager for GCA Equity Partners. We attribute its consistent double digit results to-date not only to strong market conditions but also to our unique deal evaluation, structuring, and management processes, which are designed to reduce risk and increase returns.

Wondering what else GCA Equity Partners is up to? Stay up to date on Facebook and Twitter.

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About GCA Equity Partners

The Fund, a California State registered offering, offers investors an 8% annual preferred rate, but targets total annualized investor returns in the low double digit range through its combined interest and shared appreciation (contingent interest) lending model. Investors must be California residents, meet certain income and/or net worth requirements, and limit their investment in the Fund to no more than 10% of their net worth as defined by the State of California. More information about GCA Equity Partners and the GCA California Real Estate Fund is available at http://www.gcaequitypartners.com.

About the Fund Managers

The managers of the GCA California Real Estate Fund, Thomas Braegelmann and Charles Tralka, have a combined total of more than 50 years of real estate investment experience. They strategically identify properties to be funded by looking for strong profit potential, and then structure deals that are closely aligned with investor interests.







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Ullicos Flagship Commercial Real Estate Fund Commits $20 Million to Minneapolis Construction Project

Monday, December 3rd, 2012


Washington, D.C. (PRWEB) November 28, 2012

Ullico Inc., today announced it will extend up to $ 20 million in financing through its Separate Account J, also known as J for Jobs, for the construction of Loring Park Tower, a 37-story, 354-unit high-rise apartment building in downtown Minneapolis, Minn.

We are proud to be a part of this great project, said Edward M. Smith, president and CEO of Ullico Inc., at a celebration event with members of the Building and Construction Trades Council of Minneapolis. The commercial real estate market has weathered a storm over the last few years. But, we see new and exciting opportunities to make quality investments and generate returns in the marketplace right now. J for Jobs is back and poised for great success.

As a condition of Ullicos funding, Loring Park Tower will be built with 100 percent union labor. Ullicos Real Estate Investment Group estimates the construction of the tower will require an estimated 2.7 million labor hours annually, resulting in over a 1000 jobs for members of the Minneapolis area construction and building trades.

Since the recession began, about 20 to 30 percent of our members have been out of work, said Dan McConnell, business manager of the Minneapolis Building and Construction Trades Council. To have a company like Ullico make an investment like this that puts our members to work and lets them provide for their families is more than welcomed.

The Magellan Development Group of Chicago will be responsible for developing, leasing, and managing the Loring Park Tower property.

J for Jobs, Ullicos $ 2.3 billion flagship commercial real estate investment vehicle, has a 35-year tradition of delivering attractive and competitive fixed-income performance to institutional investors, while at the same time creating thousands of jobs for union members. Since its inception in 1977, construction projects financed by J for Jobs have generated an estimated 547 million labor hours, resulting in an estimated 280,000 union construction jobs.

We have a successful strategy of finding quality commercial real estate investments that provide our investors with solid and competitive returns year after year, said Herbert A. Kolben, senior vice president of Ullicos Real Estate Investment Group. J for Jobs 34 and 1 positive return record over the past 35 years is a record were proud of.

This win-win strategy of using labors money to finance construction projects that grow investment and pension funds and put union members and contractors back to work is why the union market place has no better partner than Ullico, Smith added.

Ullico is the only labor-owned insurance and financial services company. Its subsidiary, The Union Labor Life Insurance Company (Union Labor Life) manages Separate Account J. Ullicos Real Estate Investment Group, which is a part of Union Labor Life, provides overall project management, loan servicing and real estate consulting services.

The Union Labor Life Insurance Company is a member of the Ullico family of companies, which includes Ullico Investment Advisors, Inc.; Ullico Investment Company, Inc.; Ullico Casualty Company; and Ullico Casualty Group Inc.

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