IMPORTANT NOTICE:
As of April 30, 2023, BREF Fund I, LLC will STOP accepting equity investment capital from investors for 12 months (afterward, BREF Fund I, LLC will lower its Preferred Return from 15% to 10%).
NOTE: Investors that invest before the deadline of April 30, 2023, will secure their 15% preferred return.
BREF Debt Capital, LLC Will Continue To Accept Debt Capital From Investors
(paying an 8% annual interest rate).
BREF Fund I, LLC BREF Debt Capital, LLC Black Real Estate Forum, LLC
"Building Wealth, And Creating Jobs For Black People!"
"African-American households are making ‘middle-income money’ – but have the wealth of a white high-school dropout" (said Dedrick Asante-Muhammad, a Senior Fellow at Prosperity Now).
Only 1.9 percent of Black households had a net worth of over a million dollars in 2016 (Institute for Policy Studies).
"African-American households are making ‘middle-income money’ – but have the wealth of a white high-school dropout" (said Dedrick Asante-Muhammad, a Senior Fellow at Prosperity Now).
"Median wealth of black Americans 'will fall to zero by 2053', warns new report" (theguardian.com).
The COVID-19 pandemic and the corresponding economic crisis have only exacerbated the decline of Black wealth in America.
Fill Out The Below Form To Receive A Copy Of Our Private Placement Memorandum/PPM (i.e.: Investment Documents)!
Thomas Lopez-Pierre is the Fund Manager of BREF Fund I, LLC (the "Fund") and the Fund Manager of BREF Debt Capital, LLC, which are Black-owned social impact private equity real estate funds (debt and equity capital).
BREF Fund I, LLC and BREF Debt Capital, LLC are committed to "Building Wealth and Creating Jobs for Black People."
BREF Fund I, LLC and BREF Debt Capital, LLC are in the process of raising equity and debt capital via a Securities and Exchange Commission (SEC) Reg. D exemption from accredited Black investors to invest with Black joint-venture partners (i.e.: Black real estate developers/Black "Fix and Flip investors") in Black communities across America (including Puerto Rico and the U.S. Virgin Islands).
Black doctors and Black lawyers represent more than 40% of the investment capital raised by the Fund from Black professionals.
BREF Fund I, LLC and BREF Debt Capital, LLC have a pipeline of actionable opportunities, driven by its network of experienced Black joint-venture partners to minimize risk, improve execution, and increase profits.
BREF Fund I, LLC and BREF Debt Capital, LLC Black joint-venture partners have intimate knowledge of local real estate market conditions, direct relationships with government officials, and local banks, and access to best-in-class Black real estate industry professionals.
BREF Fund I, LLC and BREF Debt Capital, LLC REQUIRES its Black joint-venture partners to use its investment capital to hire Black: lawyers, real estate brokers, mortgage bankers, architects, electricians, plumbers, construction contractors, etc.
BREF Fund I, LLC and BREF Debt Capital, LLC are committed to using their investment capital to generate outstanding profits for Black people and create jobs for Black people.
The current commercial real estate markets in Black communities represent a unique investment opportunity.
History reminds us that some of the best commercial real estate investment opportunities were created amid adverse conditions akin to what we are experiencing today.
In 2023, BREF Fund I, LLC (unsecured) is on track to deliver a minimum of a 15% rate of return (profits) to its equity investors, and BREF Debt Capital, LLC (secured by underlying commercial real estate mortgages) is on track to deliver interest payments of 8% to debt investors.
For a copy of our Private Placement Memorandum/PPM (i.e.: Investment Documents), contact Thomas Lopez-Pierre directly at 646-527-1116 and/or info@blmref.com.
BREF Fund I, LLC - Minimum Investment: $10,000.
BREF Debt Capital, LLC - Minimum Investment: $5,000.
$100,000 For Black Real Estate Developers (Black "Fix And Flip" Investors)!
BREF Fund I, LLC (the "Fund") is currently looking to invest between $50,000 and $100,000 each with Black real estate developers/Black "Fix and Flip" investors in short-term construction investment opportunities (a year or less).
Black real estate developers/Black "Fix and Flip" investors interested in working with the Fund should send an email with company information and development experience to Thomas Lopez-Pierre at info@blmref.com.
163 Grafton Street Brooklyn, NY
$100,000 Investment In 2022/Projected Profit: $50,000 in 12 Months! (Investment #3)
(Click Here for Part II of the video)
In 2022, BREF Fund I, LLC (the "Fund") invested $100,000 into 163 Grafton Street, Brooklyn, NY 11212.
The three (3) family property is being developed by Steven Ellis as a gut renovation.
The developer plans to rent rooms at market rate to formerly homeless single women via a government affordable housing voucher program.
39 High Avenue, Pembroke, MA
$100,000 Investment In 2022/Projected Profit: $40,000 in 12 Months! (Investment #2)
In 2022, BREF Fund I, LLC (the "Fund") invested $100,000 into Venture Alliance - 39 High Avenue, LLC.
Venture Alliance - 39 High Avenue, LLC (the "Company") is an investment vehicle managed by Askari Foy, MBA, CPA, an experienced Black real estate developer, and a Co-Founder of Venture Alliance Real Estate Enterprise.
The Company was established for the sole purpose of acquiring and developing a single-family, three (3) bedrooms, one (1) bathroom, 1,040 square foot home built in 1920 located at 39 High Avenue, Pembroke, Massachusetts built on 10,000 square feet of land as a demolition-and-ground-up construction project.
3129 Fenton Avenue, Bronx, NY
$10,000 Invested in 2021/Projected Profit: $200,000 In 2 Years! (Investment #1)
In 2021, BREF Fund I, LLC (the "Fund") with a $10,000 capital investment and the assumption of $315,000 in mortgage debt (and $77,500 in additional debt), acquired the controlling interest in 3129 Fenton Avenue, Bronx, New York 10469 (the "Property").
On February 27, 2023, the Fund agreed to invest an additional $105,992.35 (payment to be made to the mortgage bank before March 16, 2023) to be used to bring the property's mortgage current and remove the property from the pre-foreclosure legal process.
3129 Fenton Avenue, Bronx, New York 10469 is currently valued at $624,500 on Zillow.com (as of March 5, 2023).
In 2023, the Fund will raise debt capital from BREF Debt Capital, LLC at a 12% interest rate (secured with a 2nd position mortgage lien on the property to protect debt investors from capital loss) to pay for the renovations of the property.
The Property is currently a one-story, single-family residence with approximately 50x100 square feet of land area and 1,602 square feet of building area, containing three bedrooms and one bathroom. In the short term, BREF Fund I, LLC plans to gut-renovate the one-family property and rent it out to tenants for about 5 years (rental income will be used to service the mortgage debt).
After about 5 years and with interest rates and supply chain/construction costs stabilized, BREF Fund I, LLC plans to form a joint-venture partnership with a Black real estate developer to tear down the existing, one-floor structure and develop the property.
Although the exact details are still being developed, BREF Fund I, LLC anticipates that the redevelopment will contain approximately 50x100 square feet of land area and 5,200 square feet of building area, divided between two semi-attached townhouses; the planned townhouse will have two stories with two residential units, each containing three-bedrooms and two-bathrooms (four units).
After the completion of the redevelopment of the Property, BREF Fund I, LLC anticipates that the Project will have a value of $2,000,000 (each of the two townhouses is expected to sell for a minimum of $1,000,000).
As of March 5, 2023, 3115 Fenton Avenue, Bronx, New York, 10469 (located just a few houses away from the BREF Fund I, LLC's property) is two semi-attached townhouses, each valued at $877,100 by trulia.com.
(development plan as of March 5, 2023)
3129 Fenton Avenue, Bronx, New York 10469 is currently valued at $624,500 on Zillow.com (as of March 5, 2023).
In 2023, the Fund will raise debt capital from BREF Debt Capital, LLC at a 12% interest rate (secured with a 2nd position mortgage lien on the property to protect debt investors from capital loss) to pay for the renovations of the property.
The Property is currently a one-story, single-family residence with approximately 50x100 square feet of land area and 1,602 square feet of building area, containing three bedrooms and one bathroom. In the short term, BREF Fund I, LLC plans to gut-renovate the one-family property and rent it out to tenants for about 5 years (rental income will be used to service the mortgage debt).
After about 5 years and with interest rates and supply chain/construction costs stabilized, BREF Fund I, LLC plans to form a joint-venture partnership with a Black real estate developer to tear down the existing, one-floor structure and develop the property.
Although the exact details are still being developed, BREF Fund I, LLC anticipates that the redevelopment will contain approximately 50x100 square feet of land area and 5,200 square feet of building area, divided between two semi-attached townhouses; the planned townhouse will have two stories with two residential units, each containing three-bedrooms and two-bathrooms (four units).
After the completion of the redevelopment of the Property, BREF Fund I, LLC anticipates that the Project will have a value of $2,000,000 (each of the two townhouses is expected to sell for a minimum of $1,000,000).
As of March 5, 2023, 3115 Fenton Avenue, Bronx, New York, 10469 (located just a few houses away from the BREF Fund I, LLC's property) is two semi-attached townhouses, each valued at $877,100 by trulia.com.
(development plan as of March 5, 2023)