Fairway America announces launch of Fairway America Fund VII LP
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.
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.
SBREfunds.com is an online portal that focuses exclusively on small balance real estate investment opportunities. SBREfunds.com creates a community of SBRE entrepreneurs and high net worth investors who are interested in the space to bring greater awareness of SBRE opportunities to the market. From the Marketplace to membership to webinars to live events, SBREfunds.com is the world’s leading online resource for SBRE entrepreneurs and accredited investors alike to connect and work with one another for mutual benefit and growth.
Neither Fairway America nor SBREFunds is a registered broker-dealer or investment advisor. None of the Fairway companies perform any activities of a broker or investment adviser, including but not limited to, soliciting investors, providing investment advice, negotiating securities transactions or the terms, conditions or provisions of any offering, or recommending the purchase of securities. This press release does not constitute an offer or solicitation to sell securities in any of the companies mentioned, any funds listed on SBREFunds.com or presenting at SBRE Summit events, or any related or associated companies. Investors must not rely on information provided in this press release for investment decisions.