BREF Fund I, LLC BREF Fund II, LLC BREF Debt Capital, LLC Black Real Estate Forum, LLC
"Building Wealth, And Creating Jobs For Black People!"
SEC Reg A+ $75 Million Dollar Offering (mini-IPO)
In the next few years, BREF Fund I, LLC, BREF Fund II, LLC, and BREF Debt Capital, LLC plan to raise tens of millions of dollars from Non-Accredited Black Investors via a Securities and Exchange Commission (SEC) Reg A+ $75 Million Dollar Offering (mini-IPO).
BREF Fund I, LLC, BREF Fund II, LLC, and BREF Debt Capital, LLC are committed to generating tens of millions of dollars in profits for its Black investors and creating hundreds of thousands of jobs for Black people!
BREF Fund I, LLC, BREF Fund II, LLC, and BREF Debt Capital, LLC are in first-lien or second-lien positions, so each equity and debt investment offering gets the benefit of being secured and collateralized by real estate at high yields with exceptionally low volatility and short durations.
"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 ("Fund I"), the Fund Manager of BREF Fund II, LLC ( "Fund II"), and the Fund Manager of BREF Debt Capital, LLC, which are Black-owned social impact private equity real estate funds (debt and equity capital).
NOTE: BREF Fund I, LLC was CLOSED to new investors as of April 30, 2023.
BREF Fund II, LLC is the successor fund to BREF Fund I, LLC.
BREF Fund II, LLC and BREF Fund I, LLC will jointly invest in real estate and will divide ownership interest by an equal percentage of capital invested.
BREF Fund I, LLC, BREF Fund II, LLC, and BREF Debt Capital, LLC are committed to "Building Wealth and Creating Jobs for Black People."
BREF Fund II, 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 35% of the investment capital raised by the Fund from Black professionals.
BREF Fund I, LLC, BREF Fund II, 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, BREF Fund II, 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, BREF Fund II, LLC, and BREF Debt Capital, LLC REQUIRE 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, BREF Fund II, 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.
BREF Fund II, LLC (unsecured) is offering equity investors a 10% preferred return, or 50% of the profits (whichever is greater), and BREF Debt Capital, LLC (secured by underlying commercial real estate mortgages) is offering interest payments of 10% to debt investors (paid every January) on capital invested.
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@blackrealestateforum.com.
BREF Fund II, LLC - Minimum Investment: $10,000.
BREF Debt Capital, LLC - Minimum Investment: $5,000.
6134 Washington Avenue, Philadelphia, PA 19143 (BREF Fund I, LLC)
$50,000 Investment In 2023$25,000 Payment Due In 12 Months/2024
(Investment #4)
Thomas Lopez-Pierre of the Black Real Estate Forum, LLC with Real Estate Developer Daphne McGee-Geathers at 6134 Washington Avenue, Philadelphia, PA 19143.
On May 26, 2023, BREF Fund I, LLC ("Fund I") invested $50,000 with Daphne McGee-Geathers, a real estate entrepreneur into her project: 6134 Washington Avenue, Philadelphia, PA 19143.
In 2024, BREF Fund I, LLC expects to be paid $25,000 in investment income and the return of its $50,000 in principal capital.
Daphne McGee-Geathers is gut-renovating the one-family property for sale.
In 2024, BREF Fund I, LLC expects to be paid $25,000 in investment income and the return of its $50,000 in principal capital.
Daphne McGee-Geathers is gut-renovating the one-family property for sale.
163 Grafton Street Brooklyn, NY (BREF Fund I, LLC)
$100,000 Investment In 2022$50,000 Earned Investment Income In 2023$50,000 Investment In 2023$25,000 Payment Due In 12 Months/2024
(Investment #3)
Thomas Lopez-Pierre of the Black Real Estate Forum, LLC and Real Estate Developer Steven Ellis in Brownsville, Brooklyn, NY (August 2022).
(Click Here for Part II of the video)
In 2022, BREF Fund I, LLC ("Fund I") invested $100,000 into 163 Grafton Street, Brooklyn, NY 11212.
On May 12, 2023, BREF Fund I, LLC was paid $50,000 in investment income and the return of $50,000 in principal capital ($50,000 in principal capital is outstanding).
Steven Ellis is gut-renovating the three-family property for rental income.
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 (BREF Fund I, LLC)
$100,000 Investment In 2022$60,000 Earned Investment Income In 2023 (Term: 18 months)
(Investment #2)
Thomas Lopez-Pierre of the Black Real Estate Forum, LLC/ BREF Fund I, LLC at 39 High Avenue, Pembroke, Massachusetts with Askari Foy, MBA, CPA (January 2022).
In 2022, BREF Fund I, LLC ("Fund I") invested $100,000 into Venture Alliance - 39 High Avenue, LLC.
In 2023, BREF Fund I, LLC was paid $60,000 (a 40% rate of return), and the return of $100,000 in principal investment capital from Venture Alliance - 39 High Avenue, LLC (the "Company").
The Company is an investment vehicle managed by Askari Foy, MBA, CPA, and Larry Thomas experienced Black real estate developers and Co-Founders of Venture Alliance Real Estate Enterprise.
NOTE: The property was sold prior to development for profit in 2023.
3129 Fenton Avenue, Bronx, NY (BREF Fund I, LLC)
$10,000 Investment In 2021$245,000 In Cash and $175,000 In Promissory Notes (10% Annual Interest Rate) Invested in 2023Projected Investment Income: TBD!
(Investment #1)
Thomas Lopez-Pierre of the Black Real Estate Forum, LLC/ BREF Fund I, LLC at 3129 Fenton Avenue, Bronx, New York (August 2023).
In 2021, BREF Fund I, LLC ("Fund I") 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 April 26, 2023, Fund I invested an additional $116,891.11 in the property 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 $687,000 on Redfin.com (as of September 25, 2023).
The property is currently a one-story, one-family residence with approximately 50x100 square feet of land and 1,602 square feet of building area, containing four bedrooms and one bathroom. In the short term, Fund I plans to rent the property 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, Fund I 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, Fund I anticipates that the redevelopment will contain approximately 50x100 square feet of land 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, Fund I 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 May 1, 2023, 3115 Fenton Avenue, Bronx, New York, 10469 (just a few houses away from the BREF Fund I, LLC's property) is two semi-attached townhouses, each valued at $882,300 by trulia.com.
(development plan as of August 1, 2023)
On April 26, 2023, Fund I invested an additional $116,891.11 in the property 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 $687,000 on Redfin.com (as of September 25, 2023).
The property is currently a one-story, one-family residence with approximately 50x100 square feet of land and 1,602 square feet of building area, containing four bedrooms and one bathroom. In the short term, Fund I plans to rent the property 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, Fund I 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, Fund I anticipates that the redevelopment will contain approximately 50x100 square feet of land 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, Fund I 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 May 1, 2023, 3115 Fenton Avenue, Bronx, New York, 10469 (just a few houses away from the BREF Fund I, LLC's property) is two semi-attached townhouses, each valued at $882,300 by trulia.com.
(development plan as of August 1, 2023)