Multi-family Fund

We invest in distressed or undervalued multifamily apartments

Overview

Target Returns

8-12%

Annual Cashflow

Our investors receive quarterly distributions on rental profits.

30%-50%

Exit Return

Our renovation strategy allows us to increase a properties value and our 4-5 year hold allows the property to gain appreciation.

20%-30%

IRR

When we combine rental income, improvements and annual appreciation this is our target IRR to our investors.

Capital Raise

The capital raise phase begins when the fund opens for investments. Proceeds are used to purchase assets as the acquisition phase begins. This phase continues until the fund is fully capitalized, targeting 6-12 months.

Acquisition

The fund begins acquiring the first multifamily assets for the portfolio, often before the capital raise closes as the phases overlap.

Value Add

Acquired properties undergo renovations updates to interiors, exterior improvements, landscaping, and professional on-site management.

Appreciation

Once renovations complete, properties enter the cash-flowing phase, naturally appreciating as rents are collected.

Liquidation

Assets are sold based on market conditions, with no set timeline. This phase may overlap other phases.

Disbursment

Profits are distributed to investors as cash or reinvested into a new fund.

Strategy

We aim to develop a diversified fund by using a mix of strategies, designed to achieve consistently strong results aligned with our clients’ objectives and risk tolerance.

01

Our Fixed Income strategy focuses on financing short-term notes secured by real estate, offering consistent and predictable cash returns. This approach ensures that our capital continually generates returns as we search for our next optimal investment opportunity.

Target Returns:
  • Immediate Cash Flow
  • Income: 10% – 12%
  • Exit Return: 0%
  • IRR: 10% – 12%
02

Our Cash Flow strategy targets the acquisition of stabilized real estate with significant organic growth potential. We seek properties that offer value-add opportunities, which we plan to implement gradually over the project’s lifespan. Our primary objective is to invest in properties that are already generating cash flow for our investors.

Target Returns:
  • Immediate Cash Flow
  • Income: 8% – 12%
  • Exit Return: 20% – 30%
  • IRR: 15% – 20%
03

Our Value Add strategy focuses on acquiring properties with substantial potential for value enhancement. Often, these properties are in distressed conditions. While they generally feature a deferred annual cash return, they provide an opportunity for renovation aimed at achieving higher-than-average returns.

Target Returns:
  • Deferred Cash Flow (1-2 years)
  • Income: 8% – 12% (after renovation)
  • Exit Return: 30% – 50%
  • IRR: 20% – 30%

Investor Benefits

Cash Flow

Reducing your tax liability with depreciation and interest

Organic Appreciation

Property value organically increasing over time

Forced Appreciation

Renovation and upgrades increasing property value

Tax Benefits

Reducing your tax liability with depreciation and interest

Fund Structure

Fund Details

Offering

506(c) Accredited Investment

Type

Blindpool

Asset Class

Real Estate

Asset Type

Multifamily

Management Fee

0%

Investment Structure

Liquid + Debt

Target LTV

65%

Distribution Structure

Preferred Rate of Return

8%

Catch-Up

2%

Carried Interest Split (<20%)

80% / 20%

Carried Interest Split (20%+)

50% / 50%

Exit Split

50% / 50%

Target Equity Raise

$25,000,000

Distribution Frequency

Quarterly

Our Team

Alex Grullon

Chief Investment Officer

Alex Grullon, our Chief Investment Officer, brings vast experience from his roles at JP Morgan and PNC Bank. By age 32, his expertise in finance and real estate helped him build a multi-million-dollar portfolio, with a focus on strategic investments in Cincinnati, Ohio, and South Florida. Alex’s success is grounded in thorough research, market trend analysis, and a deep understanding of local dynamics. He emphasizes sustainable growth and risk-adjusted returns over short-term gains.

Starting with just a $100k investment, Alex’s journey exemplifies his passion for revitalizing neighborhoods and creating long-term value. His investments breathe new life into communities, reflecting his commitment to responsible development.

As Chief Investment Officer, Alex’s goal is not just financial success but also leaving a lasting positive impact. His legacy goes beyond profits, driven by a vision of community enrichment and sustainable growth. Each investment is a testament to his dedication, precision, and purpose in the world of real estate.

John Rodriguez

Chief Operating Officer

As a distinguished third-generation real estate expert, he has successfully amassed over $100 million in assets under management. A visionary acquisition specialist, he is renowned for his exceptional ability to uncover lucrative off-market opportunities. As the CEO and owner of both BIJI Holdings and DireWolf Capital, he spearheads efforts to build a diverse and robust portfolio, primarily focused in the Tri-State area, with additional investments in Texas, Georgia, and Florida. He is also a licensed real estate broker in Northern New Jersey, where he owns and operates a prestigious boutique firm known for its exceptional service and market insight. Additionally, he owns a construction company in New Jersey.

Charles Jones

Chief Compliance Officer, Fund Manager

Charles Jones is a seasoned entrepreneur with an extensive background in marketing, advertising, and sales, who ignificantly grew a marketing firm over eight years before founding his own successful agency. In 2017, he established T3 Marketing, Fractional CMOs for successful new car dealerships, a full service advertising and marketing agency that has secured substantial investments. Additionally, he is the Co-CEO of a real estate lending company named FundFundr. With a proven track record of delivering great returns and exceptional leadership, Charles consistently achieves outstanding results.

Jonathan Bast

Chief Financial Officer, Chief Marketing Officer

Jonathan Bast is an experienced entrepreneur and visionary leader with a talent for scaling companies and cultivating high-performing teams. With a proven track record of driving start-up growth and expertise in building replicable systems, Jonathan brings a strategic mindset and innovative approach to his roles. His entrepreneurial spirit and ability to foresee opportunities make him a driving force behind the fund’s success. In 2017, he established T3 Marketing, Fractional CMOs for successful new car dealerships, a full service advertising and marketing agency that has secured substantial investments. Additionally, he is the Co-CEO of a real estate lending company named FundFundr.

Turner Nabors

Chief Revenue Officer, Chief Investor Relations Officer

Turner Nabors brings a wealth of experience and a proven track record in sales and investment fundraising. As the head of a sales division at one of the largest lighting manufacturing companies, Turner has excelled in driving sales growth and enhancing team performance. Beyond his sales expertise, Turner is highly skilled in raising capital for investment funds and successful startup companies, consistently securing substantial investments. His ability to cultivate strong relationships with investors and optimize portfolio performance showcases his strategic acumen and dedication to excellence.

Gabriel Silva

Chief Business Development Officer

Gabriel is a dynamic and visionary real estate developer, celebrated for his expertise in navigating complex entitlement processes and securing funding through innovative strategies. With a proven track record of building a robust industry network, he consistently leads successful projects, including multifamily apartment developments, by leveraging his extensive knowledge and effective networking. Gabriel transforms real estate opportunities into thriving ventures, embodying a relentless commitment to excellence and innovation. His extraordinary expertise and strategic acumen make him a standout professional in the real estate industry.

Jeremy Green

Legal Representation/Attorney

Jeremy C. Green brings 18+ years of diverse in house and law firm experience handling business transactions, private equity investments, securities, tax law, and real estate matters. However, Jeremy currently focuses on assisting clients with private investment fund structuring (including real estate funds, private equity funds, venture funds, and hedge funds) and regulatory compliance. Jeremy drafts, reviews, and negotiates offering documents in connection with the formation and investments in real estate funds, Qualified Opportunity Zone funds, private equity funds, and hedge funds as well as related co-investment and principal investment funds.

Disclaimer:

This website is intended for general informational purposes only about HomeFundr Capital, LLC and its affiliates. HomeFundr Capital, LLC does not render or offer personalized financial, investment, tax, legal, or accounting advice through this website. The information provided on this website (including any separate documents that may be accessed through this website) is directed at “accredited investors” and is provided solely as general information about our products and services and to provide general investment education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as HomeFundr Capital, LLC and its affiliates are not undertaking to provide investment advice, act as an adviser to any person or entity, or give advice in a fiduciary capacity with respect to the information presented herein.

Nothing on this website should be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product.

Investments in investment products managed or sponsored by HomeFundr Capital, LLC are available only to “accredited investors” and above as such terms are defined under Federal Securities laws. Information about investing in funds managed by or affiliated with HomeFundr Capital, LLC is only available in the form of Private Placement Memorandum and other offering documents which are provided to qualified prospective investors as defined under the Federal Securities laws. HomeFundr Capital, LLC does not offer any investment products to the general public.

The properties and track record showcased on this website are not direct assets managed by HomeFundr Capital LLC. The properties displayed represent the collective experience of the General Partners involved with HomeFundr Capital LLC. These listings serve to illustrate the breadth and depth of real estate management experience our partners bring to the fund. Each project mentioned has been managed by one or more of our partners prior to their association with HomeFundr Capital LLC. This page is for informational purposes only and should not be construed as a representation of past or future investments managed by HomeFundr Capital LLC.