Fairway America, a Portland, Oregon-based small balance real estate fund advisory and investment firm, has launched its seventh fund, Fairway America Fund VII.
The fund, the first of its kind in the small balance niche, will consider both debt and equity investments in other real estate asset based 506 Regulation D funds, including mortgage pools, real estate funds, fix and flip funds, discounted note acquisition funds, tax lien certificate funds, and/or other funds whose investment strategy and assets are fundamentally real estate based.
The fund will be managed by Fairway America Management Group II, which will invest an initial USD2,500,000 into the fund. It will seek deal flow by leveraging Fairway’s relationships with clients and sources from around the country created through its growing fund advisory and consulting practice.
“There is a real need out there for many of the small balance real estate funds for a reliable source of capital,” says Matt Burk, Fairway America’s CEO and chief investment officer of the fund. “Getting institutional money for small discretionary funds is very difficult for many of these fund managers, and we believe we can help fill this void.”
The fund was able to get off the ground with the help of Patrick Terrell, a Portland, Oregon-based investor.