BREF Fund I, LLC holds ownership interests in five properties:
3129 Fenton Avenue, Bronx, NY.
(Investment # 1 - OPEN)
39 High Avenue, Pembroke, MA.
(Investment # 2 - SOLD)
163 Grafton Street, Brooklyn, NY.
(Investment # 3 - OPEN)
6134 Washington Avenue, Philadelphia, PA.
(Investment # 4 - OPEN)
17 Orchid Road, Levittown, NY.
(Investment # 5 - OPEN)
319 Friends Street, Camden, NJ.
(Investment # 6 - OPEN)
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319 Friends Street, Camden, NJ 08102 (BREF Fund I, LLC)
$100,000 Investment In 2024
$50,000 Payment Due In 12 Months/2025
(Investment #6 - OPEN)
On June 14, 2024, BREF Fund I, LLC invested $100,000 with Tony Payton, Jr. into 319 Friends Street, Camden, NJ 08102.
In 2025, Tony Payton, Jr. will be required to pay a $50,000 investment payment (50% rate of return) and return $100,000 in pricipcal capital to BREF Fund I, LLC.
Tony Payton, Jr. plans to use BREF Fund I, LLC’s investment capital to help him aquire the rest of the block 319 Friends Street, Camden, NJ 08102 is located on to merge the properties into one development project.
Tony Payton, Jr. plans to build a 30 unit student housing development (right next door to Rutgers University).
Tony Payton, Jr. is a former member of the Pennsylvania General Assembly.
Tony Payton, Jr. plans to use BREF Fund I, LLC’s investment capital to help him aquire the rest of the block 319 Friends Street, Camden, NJ 08102 is located on to merge the properties into one development project.
Tony Payton, Jr. plans to build a 30 unit student housing development (right next door to Rutgers University).
Tony Payton, Jr. is a former member of the Pennsylvania General Assembly.
17 Orchid Road, Levittown, NY
$100,000 Line Of Equity Capital In 2023$50,000 Payment Due In 12 Months/2024(Investment #5 - OPEN)
In 2024, BREF Fund I, LLC invested $100,000 with Larry Thomas and Askari Foy, MBA, CPA, real estate entrepreneurs into their project: 17 Orchid Road, Levittown, NY 11756.
In 2025, Larry Thomas and Askari Foy, MBA, CPA will be required to pay a $50,000 investment payment (50% rate of return) and return $100,000 in pricipcal capital to BREF Fund I, LLC.
Larry Thomas and Askari Foy, MBA, CPA plan to build a new one-family property for sale.
View construction progress video (as of March 8, 2024): https://youtu.be/rNVT4nxr3Cg Check out mock up at: https://www.redfin.com/NY/Levittown/17-Orchid-Rd-11756/home/20366387
Larry Thomas and Askari Foy, MBA, CPA plan to build a new one-family property for sale.
View construction progress video (as of March 8, 2024): https://youtu.be/rNVT4nxr3Cg Check out mock up at: https://www.redfin.com/NY/Levittown/17-Orchid-Rd-11756/home/20366387
6134 Washington Avenue, Philadelphia, PA (BREF Fund I, LLC)
$100,000 Investment In 2024
$50,000 Payment Due In 12 Months/2025
(Investment #4 - OPEN)
Thomas Lopez-Pierre of the Black Real Estate Forum, LLC with Real Estate Developer Daphne McGee-Geathers at 6134 Washington Avenue, Philadelphia, PA 19143.
In 2024, BREF Fund I, LLC invested $100,000 with Daphne McGee-Geathers into 6134 Washington Avenue, Philadelphia, PA 19143.
In 2025, Daphne McGee-Geathers will be required to pay a $50,000 investment payment (50% rate of return) and return $100,000 in pricipcal capital to BREF Fund I, LLC.
Daphne McGee-Geathers is gut-renovating the one-family property for sale.
In 2025, Daphne McGee-Geathers will be required to pay a $50,000 investment payment (50% rate of return) and return $100,000 in pricipcal capital to BREF Fund I, LLC.
Daphne McGee-Geathers is gut-renovating the one-family property for sale.
163 Grafton Street Brooklyn, NY (BREF Fund I, LLC)
$150,000 Investment In 2024$75,000 Payment Due In 12 Months/2025
(Investment #3 - OPEN)
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 2024, BREF Fund I, LLC invested $150,000 with Steven Ellis into 163 Grafton Street, Brooklyn, NY 1121 (a gut-renovation of a three-family property for rental income).
In 2025, Steven Ellis will be required to pay a $75,000 investment payment (50% rate of return) to BREF Fund I, LLC.
Steven Ellis plans to rent rooms at market rate to formerly homeless single women via a government affordable housing voucher program.
Steven Ellis 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 - SOLD)
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 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, LLC. NOTE: The property was sold prior to development for a profit in 2023.
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, LLC. NOTE: The property was sold prior to development for a 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 - OPEN)
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 with a $10,000 capital investment and the assumption of $315,000 in mortgage debt (and about $450,000 in additional debt), acquired the controlling interest in 3129 Fenton Avenue, Bronx, New York 10469 (the "Property").
3129 Fenton Avenue, Bronx, New York 10469 is currently valued at $690,000 on Redfin.com (as of June 14, 2024).
To date, BREF Fund I, LLC has invested $330,000 (in debt and equity) to bring the property's mortgage current (remove the property from the pre-foreclosure legal process) and renovate the property as a two-family home (first tenant expected to move in by August 1, 2024).
The property is currently a one-story, two-family residence with approximately 50x100 square feet of land and 1,602 square feet of building area, containing four bedrooms and one bathroom. Over the next 5 years, BREF Fund I, LLC plans to rent the property out to tenants (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.
Currently, BREF Fund I, LLC is developing the property as a two family home for government voucher program tenants.
In five (5) years, BREF Fund I, LLC plans to build two semi-attached townhouses; five stories each with two residential units per floor, each containing three-bedrooms and two-bathrooms (ten units in total).
Development plans are based on NYC Mayor Eric Adams’s “City of Yes for Housing Opportunity” proposal (currently under review - 2024).
3129 Fenton Avenue, Bronx, New York 10469 is currently valued at $690,000 on Redfin.com (as of June 14, 2024).
To date, BREF Fund I, LLC has invested $330,000 (in debt and equity) to bring the property's mortgage current (remove the property from the pre-foreclosure legal process) and renovate the property as a two-family home (first tenant expected to move in by August 1, 2024).
The property is currently a one-story, two-family residence with approximately 50x100 square feet of land and 1,602 square feet of building area, containing four bedrooms and one bathroom. Over the next 5 years, BREF Fund I, LLC plans to rent the property out to tenants (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.
Currently, BREF Fund I, LLC is developing the property as a two family home for government voucher program tenants.
In five (5) years, BREF Fund I, LLC plans to build two semi-attached townhouses; five stories each with two residential units per floor, each containing three-bedrooms and two-bathrooms (ten units in total).
Development plans are based on NYC Mayor Eric Adams’s “City of Yes for Housing Opportunity” proposal (currently under review - 2024).
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.