Fairway America’s client DREAM Capital Management launches its first proprietary distressed debt acquisition fund, Distressed Real Estate and Mortgage Fund I, LLC
PORTLAND, OR (PRWEB) August 7, 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 Fund’s 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 DREAM’s investment focus. “I believe there is a long term opportunity in helping people solve difficult problems that arise as a result of life’s 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 Fairway’s 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 Fund’s 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 DREAM’s 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 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.
Fairway America is the widely recognized market leader in the field of Small Balance Real Estate (SBRE), providing a comprehensive range of products and services to SBRE fund managers, syndicators, private lenders and other dealmakers including fund creation and advisory, fund administration, capital raise strategy, an online marketplace and more. Fairway also manages two proprietary 506 Reg. D funds that invest in a wide variety of SBRE deals including other SBRE funds, real estate secured loans, direct equity in real estate, participations and syndications, and other real estate asset based strategies. Fairway’s highly unique business model has rapidly made it the No. 1 resource in the world to help SBRE entrepreneurs nationwide improve, capitalize and grow their businesses in ways no other single resource does.
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