Fairway America Fund VI was launched late in the second quarter of 2013. Its investment strategy is to originate and/or acquire small balance real estate secured loans and, to a lesser degree, invest in direct real estate ownership. Fairway has long and deep experience in the private mortgage loan space and expects that Fund VI will focus on this small balance real estate based asset type through both new origination and acquisition of existing (new and seasoned) real estate secured debt.
Leveraging the relationships that Fairway has created and maintains through its nationwide fund advisory, consulting and administration practices, Fund VI expects to gain access to quality deal flow on a frequent and ongoing basis to provide quality investment opportunities for the Fund. Fund VI is an open-ended, evergreen, net asset value fund offering both debt and equity investments to accredited investors only. Below is a brief summary of the investment:
Maximum Offering: $250,000,000
Investment Offerings: Secured Note or Equity Units
Note Rates: Schedule Published Quarterly (currently 5–7%)
Member Preferred Return: 8%
Net total target return: 10–13% (net of all fees and expenses)
2013 actual return (through 6/20/14):
10.5% (net of all fees and expenses)
Distributions: Note Interest and Profit Distributions Paid Quarterly
Management Fee: 1.5% Annualized (paid monthly)
Minimum Investment: $50,000
Profit (EDC) Split:
60/40 to Members/Manager Respectively After Preferred Return
Asset Level Fees (e.g. points): 50% to Fund, 50% to Manager/Fairway
We have given extensive consideration to the structure, alignment, and governance of this Fund and have put extensive controls and procedures in place for the comfort and confidence of our investors, including Key Man policies, life insurance on key principles, written underwriting guidelines, investment committee protocols, and multiple other best practices that help make Fairway America Fund VI, LLC one of the finest small balance real estate funds in America. We encourage you to explore and compare for yourself.
For more information on Fairway America Fund VI, click one of the following links:
(This page is currently being updated. Please check back soon for pending information.)
- Due Diligence Report
- Investment Presentation
- Term Sheet
- Private Placement Memorandum
For additional information please contact our Managing Director & Executive Vice President Darris Cassidy at 503.906.9109 or submit your query using the form on our Contact page.
Securities offered by Fairway America or its Affiliates (“Fairway”) involve a high degree of risk and should be considered only by sophisticated investors who can bear the risk of the loss of their entire investment. These securities have not been reviewed or approved by United States Securities and Exchange Commission or by any state securities agency, nor have those authorities passed upon the accuracy or adequacy of any information furnished to prospective investors in connection with any Fairway offering. Any and all Fairway offerings are open only to investors who demonstrate to Fairway’s satisfaction that they are “accredited investors,” as defined in the Securities Act of 1933, as subsequently amended (the “Act”). Fairway’s securities are offered under an exemption from the registration requirements of the Act and are not registered with the United States Securities and Exchange Commission or any state securities agency. Fairway’s securities are subject to legal restrictions on transfer, and Fairway is not required to comply with certain disclosure requirements that apply to securities that have been registered under the Act. Prospective investors should not assume that they will be able to liquidate or resell Fairway’s securities and should be aware that no public market exists for doing so.
Fairway is not registered as an investment company under the Investment Company Act of 1940, or as an investment advisor under the Investment Advisors Act of 1940. Fairway does not offer any recommendations, advice or other services that would require Fairway to so register as an Investment Company or as an investment advisor. Any historical performance data contained herein represents past performance and does not guarantee future results; current and future performance may be different than the performance data presented. Fairway is not required to follow any standard methodology when presenting performance data and its performance may not be directly comparable to the performance of other similar funds. This document provides a very limited summary of Fairway and is not intended to be a comprehensive overview of its business, operations, risks, or condition, nor is this document intended to represent balanced investment advice. Interested investors must obtain and carefully read the applicable Private Placement Memorandum and related investment documents prior to investing. Any investment made will be subject to the terms, conditions, and disclosures contained in that document and other investment documents.