Fairway America’s newest fund, Fairway America Fund VII, has invested in the Voyager Pacific Fund of Vancouver Washington.
In November 2013, Fairway played the lead role in consulting, advising and guiding the structure and formation of the fund, which strives to provide its investors with the opportunity to obtain attractive returns by investing in relatively low risk Tax Lien Certificates.
Stephen Seal, who has invested in vacant land since 1997, founded Voyager Pacific Management (VPM), the manager of the fund, and hired Fairway to pursue his vision.
"We're able to leverage our nearly two decades of experience in the area of vacant land to focus on Tax Lien Certificates which I think has a fantastic risk-reward profile as an investment if done properly," says Seal. "We felt our expertise and experience as well as our involvement in our small balance land deals differentiated us from others in the industry."
"Stephen did a great job of articulating his strategy and executing on his launch," says Matt Burk, Fairway America's CEO. "The risk-adjusted returns of his strategy combined with his commitment to proper structure, good alignment, and strong processes made an investment in the Fund a no brainer for Fund VII."
Fairway will produce and host the Small Balance Real Estate (SBRE) Investment Summit in Seattle, Washington on October 16-18. The summit is designed to bring real estate asset based fund managers together with accredited investors genuinely interested in the SBRE space to expand capital coming into the sector.