Posts Tagged ‘Investment’

« Older Entries

Clearinghouse CDFI Launches Real Estate Investment Company (CREC)

Wednesday, June 10th, 2015


Lake Forest, California (PRWEB) May 06, 2015

Clearinghouse Community Development Financial Institution (Clearinghouse CDFI)a Community Development Financial Corporation serving California, Nevada, Arizona, New Mexico and Native American Communitiesannounced today the creation of a new company which will purchase and invest in real estate to revitalize and improve communities in California, Nevada, and Arizona. Investment and rehabilitation plans include: multi-family rental housing, infill and commercial development, investments and partnership in commercial real estate projects, and build to suit for nonprofit organizations.

“This venture will have a double bottom line: maximizing public benefit and future returns, said Clearinghouse CDFI President and CEO Douglas Bystry. “These investments will help stabilize the communities we serve while diversifying our revenue streams and increasing returns on capital available for investment.

An Investment Committee of seasoned, successful, and knowledgeable real estate professionals will provide guidance and oversight for the new venture. Clearinghouse CDFIs Real Estate Investment Company (CREC) will utilize its extensive network of financial institutions, governmental agencies, and real estate professionals to identify potential investment opportunities.

Clearinghouse CDFI has been a leader in the CDFI industry, with a number of other firsts in its history. It was the first non-depository CDFI to borrow from the Federal Home Loan Bank system in 2012. In 2014, it was the first CDFI to draw funds under the CDFI Fund Bond Guarantee Program, with a facility of $ 100 million in long term debt capital. Recently, Clearinghouse CDFI became the first non-depository CDFI to attain an S&P credit rating.

Today, Clearinghouse CDFI has over $ 200 million in assets and equity exceeding $ 33 million. Clearinghouse CDFI also received B Corp Certification in 2014 from the nonprofit B Lab. B Corps are companies who meet rigorous standards of social and environmental performance, transparency, and accountability, and use business as a force for good.

More information is available at: http://www.clearinghousecdfi.com.







Related Real Estate Certifications Press Releases

Tags: , , , , , , ,
Posted in Real Estate | No Comments »

MIG 2014 Presidential Address- Part 8. Memphis Real Estate Investment Association

Tuesday, October 14th, 2014

MIG 2014 Presidential Address- Part 8. Memphis Real Estate Investment Association

http://www.MemphisInvestorsGroup.com. Jeremy Veldman- MIG President, kicks off 2014 with a 2 hour Presidential Address to the MIG Membership on January 9, 20…

Everyone is welcome at Boston AREIA. Learn about real estate investing, business opportunities and more…Seasoned investors and newbies alike will love what…

Tags: , , , , , , , ,
Posted in Real Estate | No Comments »

William Procida chosen to present at SBRE Investment Summit in Seattle

Thursday, September 18th, 2014


Seattle, WA (PRWEB) September 09, 2014

Fairway America, LLC, has announced that William Billy Procida, Founder and President of Procida Funding & Advisors, LLC, has been added to an esteemed roster of Small Balance Real Estate asset-based fund managers from across the US, to present at the SBRE Investment Summit from October 16 through October 18 in Seattle, WA.

The Summit which offers a unique forum focused exclusively on the $ 2M and below average deal size looks to foster education and networking between a group of high-caliber fund managers from all over the country and approximately 150 or more investors highly interested in this specialized space.

Procida brings both East Coast roots and a diverse construction background to the West Coast table. With panel colleagues mostly steeped in finance backgrounds; Procida offers an atypical vantage point from having learned construction development first, finance second. Born into the construction business, Procida played an integral role in revitalizing the South Bronx by developing affordable housing there as well as various other New York borough neighborhoods.

Over the course of his 30-year career, Procida has been a subcontractor, general contractor, developer, real estate broker, restructuring advisor and private equity fund manager. Procidas accolades are endless inclusive of being awarded the prestigious New York City Developer of the Year award and The National Homebuilders Pillar of the Industry award and a one-year tutelage under Donald Trump.

Procida brings a rare education to todays emerging development companies that he works alongside, ensuring their use of best practices and connecting them to resources that they may not have known existed otherwise. Procida will offer that same hybrid of construction and investing education at the SBRE Investment Summit.

When I met Billy at a fund conference in New York earlier this year, I knew hed be a great fit for our Summit, said Fairway CEO Matt Burk. The size and focus of his 100 Mile Fund combined with his background and track record make Billy exactly the type of small balance real estate fund manager we want to participate at the Summit.

For more on the Small Balance Real Estate (SBRE) Investment Summit, visit summit.smallbalancerealestate.com. For more on Billy Procida, including Procida Funding & Advisors or his 100 Mile Fund, visit http://www.Procida.com.

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. Fairways 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. For more information visit, http://www.fairwayamerica.com/.







Tags: , , , , , , ,
Posted in Real Estate | No Comments »

Napoli Bern Ripka Shkolnik LLP Secures $8.4 Million Judgment in Case Involving Fraudulent Real Estate Investment Scheme

Thursday, August 21st, 2014


New York, NY (PRWEB) August 13, 2014

In a recent state investment fraud case, the Securities and Commercial Litigation Group at Napoli Bern Ripka Shkolnik LLP obtained an $ 8.4 million judgment on behalf of two companies that had invested millions of dollars that was supposed to be used to develop several pieces of commercial real estate. Instead, court documents show the defendants used that money as a personal piggy bank and refused to repay the investors, relying on a web of companies they had set up to shield them from any personal liability.

According to the lawsuit, the defendants are a family headed by Yehuda Lieb Puretz and include his wife, Tertza Puretz, and his children, Malka Blau and Aron Puretz. The defendants also included the YLPF Trust (initialed after Yehuda, the leader of the scheme) and their fraudulent realty companies St. Marks Homes Realty, LLC, St. Marks Homes One Realty, LLC and St. Marks Homes Two Realty, LLC which were the alter egos of the YLPF Trust.

As shown in court documents, the defendants solicited $ 4 million from the plaintiffs in return for two mortgaged promissory notes, which the defendants refused to repay when the notes became due. The lawsuit alleged that the St. Marks companies were sham companies and set up only to shield the individual defendants from personal liability for the amounts they borrowed from the plaintiffs. Court documents stated that the St. Marks companies were undercapitalized, had not maintained any bank accounts, and had no bank records since at least 2007 when the plaintiffs invested the $ 4 million in the fraudulent scheme. The plaintiffs investment was filtered through the St. Marks companies to the YLPF Trust, with the individual defendants as the beneficiaries of the YLPF Trust.

The judgment entered in the case shows that the defendants cannot hide behind corporate entities to avoid repaying the money they borrowed. The $ 8.4 million judgment includes not only the $ 4 million borrowed but substantial interest for not having repaid the loan for over six years.

The case NCC Capital, LLC et. ano. v. St. Marks Home Realty, et. al., Index No. 501264/2013 was decided by the Honorable David Schmidt of the New York State Supreme Court, Kings County.







Tags: , , , , , , , , , , , , , ,
Posted in Real Estate | No Comments »

Properties for Sale as Turnkey Rentals Added to Long-Term Investment Portfolio at Real Estate Company

Saturday, July 26th, 2014


San Francisco, CA (PRWEB) July 14, 2014

A defined approach for entering the real estate market with low risk investments has helped introduced the JWB group to national investing clients since 2010. A new group of properties for sale for use as turnkey rentals is now included for clients to review when accessing the website at http://www.jwbrealestatecapital.com/purchase.

The turnkey homes that are accessible to any person regardless of U.S. or foreign location are positioned in the state of Florida. Jacksonville is the current market where the JWB company is earning the most residual monthly income for clients and all available homes are in growing parts of the city.

“Real estate is a long-term approach to wealth building although all of our clients receive monthly checks from income derived from their properties,” said a JWB Real Estate Capital rep.

The turnkey industry has changed in states like Florida due to the numbers of abandoned homes or foreclosures that have entered the housing market. The JWB company renovates its purchased properties and now constructs other homes that are now used as part of the turnkey portfolio.

“Buying a home and earning money from a home are two different things and one thing that we teach investing clients is how to profit without the normal risks,” said the rep.

The JWB Real Estate Capital company is now promoting more than one source of training content accessible online this year. Textual content from the company blog, investing guide downloads and streaming investment videos are all available for potential turnkey investors to explore at no cost.

About JWBRealEstateCapital.com

The JWBRealEstateCapital.com company currently holds properties for sale in the investment market in the state of Florida. The company adds different houses to its network each month of the year. The JWBRealEstateCapital.com company specializes in working with American and foreign investors to help position long-term revenue from the housing market. The company growth has been established by hiring an experienced team of housing experts to manage daily operations in the U.S.







Tags: , , , , , , , , , ,
Posted in Real Estate | No Comments »