investment documents
(Click on the below links to download copies of the following documents)
BREF Debt Capital, LLC:
BREF Debt Capital, LLC (the "Debt Capital") launched with a $1,000 investment on December 7, 2022, and has to date raised $1,000 in investment capital from 1 Black investor (1 Male/0 female).
The first $1,000,000 ($One Million Dollars) raised by Debt Capital will pay an annual interest rate of 10% to investors, afterwards Debt Capital will reduce its annual interest rate to 5% to investors (secured by the Fund's real estate assets).
NOTE: The Audit Committee and Loan Committee of BREF Debt Capital, LLC will be established in early 2023.
BREF Fund I, LLC - Minimum Investment: $5,000.
BREF Fund I, LLC:
(NOTE: As Of April 30, 2023, BREF Fund I, LLC Will STOP Accepting Equity Investment Capital/BREF Fund I, LLC Will Be Closed To New Equity Investors - BREF Debt Capital, LLC Will Continue To Accept Debt Capital From Investors).
BREF Fund I, LLC (the "Fund") launched with a $10,000 investment on April 30, 2021, and has to date raised $295,000 in investment capital from 29 Black investors (18 Males/11 Females).
The Preferred Return for investors is 15% percent.
Investors that invest in the Fund before April 30, 2023, will receive Class A Units.
BREF Fund I, LLC - Minimum Investment: $10,000.
Audit Committee of BREF Fund I, LLC
(5 Members/1 Member TBA)
Askari Foy, MBA, CPA + Charles Mouton, M.D., MBA + Clayton Benn, MBA + Michael Poku, M.D., MBA
Investment Committee of BREF Fund I, LLC
(16 Members)
Askari Foy, MBA, CPA + Beatrice Cazeau, Esq. + Clarissa Parrish, M.D. + Clayton Benn, MBA
Gwen Muse-Evans, MBA + Janet Southerland, DDS, MPH, Ph.D. + Jimmy Moyon + Karen Glover, M.D.
Kevin Teal, M.D. + Keyon Brown, Esq. + Matthew Scott + Michael Poku, M.D., MBA
Naseer Malik + Robert Jones + Robin Newton Jenkins, M.D. + Willie J. Parker, M.D.
Thomas Lopez-Pierre of the Black Real Estate Forum, LLC and Real Estate Developer Steven Ellis in Brownsville, Brooklyn, NYC.
$100,000 Investment In 2022/Projected Profit: $50,000 in 1 year! (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.
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.
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).
$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, and Larry Thomas experienced Black real estate developers and the Co-Founders 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 (the “Property”) as a "Fix and Flip" investment opportunity.
Venture Alliance - 39 High Avenue, LLC (the "Company") is an investment vehicle managed by Askari Foy, MBA, CPA, and Larry Thomas experienced Black real estate developers and the Co-Founders 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 (the “Property”) as a "Fix and Flip" investment opportunity.
Thomas Lopez-Pierre of the Black Real Estate Forum, LLC/ BLMREF Fund I, LLC at 3129 Fenton Avenue, Bronx NY (December 2021).
$10,000 Invested in 2021/$120,000 Invested in 2023/Projected Profit: $120,000 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 April 22, 2023, the Fund invested an additional $109,063.27 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 $601,000 on Zillow.com (as of April 22, 2023).
In 2023, the Fund will raise debt capital from BREF Debt Capital, LLC at a 15% 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 April 22, 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 $882,300 by trulia.com.
(development plan as of April 22, 2023)
In 2023, the Fund will raise debt capital from BREF Debt Capital, LLC at a 15% 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 April 22, 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 $882,300 by trulia.com.
(development plan as of April 22, 2023)
This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by prospectus or other offering materials. To obtain further information, you must complete our investor questionnaire and meet the suitability standards required by law. Fair Housing Notice: The Black Real Estate Forum, LLC, BREF Fund I, LLC, and BREF Debt Capital, LLC are committed to compliance with all federal, state, and local fair housing laws. The Black Real Estate Forum, LLC, BREF Fund I, LLC, and BREF Debt Capital, LLC will not discriminate against any person because of race, color, religion, national origin, sex, familial status, disability, or any other specific classes protected by applicable laws with regard to rentals and/or sales of housing.