The fund aims to provide short term financing to real estate programs controlled by the Fund’s manager and offers investors a current annual interest of 12% paid monthly*
1031 Crowdfunding (1031 CF), a real estate investing platform, announces the closing of its 1031 CF Bridge Fund, LLC. and the launch of 1031 CF Bridge Fund II, LLC.
1031 CF Bridge Fund II provides short-term financing for real estate programs controlled by the Fund’s Manager. It is anticipated that a significant portion of such funding will be made to programs organized as Delaware Statutory Trusts (“DSTs”) in order to offer prospective investors in such DSTs the opportunity to engage in a “like-kind exchange” under Section 1031 of the Code. 1031 exchange & cash investors incrementally purchase shares of the DST, returning principal to the Bridge Fund, allowing for future short-term financing. In the meantime, the Bridge Fund earns interest from the DST for providing the financing. However, the Fund is not limited solely to DST related Investments and may make other Investments in affiliates of the Manager, including into pooled investment vehicles organized as real estate funds or real estate investment trusts (“REITs”) sponsored by the Manager or an affiliate.
"We are excited to announce the launch of 1031 CF Bridge Fund II," said Edward Fernandez, President and CEO of 1031 Crowdfunding. "We continue to look to grow our real estate portfolio in strategic markets where we see ongoing potential for senior housing growth, and our Bridge Funds greatly assist in accomplishing that mission."
The initial 1031 CF Bridge Fund successfully completed seven DST bridge investments, with five going full-cycle as of the date of this release. 1031 CF Bridge Fund II launched on October 10, 2023, and offers investors senior secured promissory notes with a current annual interest of 12.0% paid monthly.* This offering is available to accredited investors only and requires a minimum $25,000 investment.
About 1031 Crowdfunding
1031 Crowdfunding is an online marketplace where real estate investors can find, view and purchase a variety of available, turnkey, investment-grade properties. We present investors with 1031 exchange-qualified properties through Delaware Statutory Trusts (DSTs) to ensure every 1031 exchange investor has the opportunity to complete a successful exchange.
For more information on 1031 Crowdfunding, visit www.1031Crowdfunding.com or call 844-533-1031.
*The Promissory Notes (the “Notes”) are senior, secured obligations of the 1031 CF Bridge Fund II, LLC (the “Fund”), bearing non-compounding interest at the rate of 12% per annum. The Notes are not registered under the Securities Act of 1933, are speculative in nature, and involve substantial investment risk, including modification to interest payment schedule and loss of principal. The Fund is new and does not have an operating history. Initially the proceeds from the sale of the notes may be used to support quarterly interest payments to investors until the cash flow from the Fund’s investments support these payments. Any interest payments made from proceeds of this offering will reduce the cash available to the Fund for investment. Substantial actual and potential conflicts of interest exist among the Fund and the manager and its affiliates. The Notes have limited liquidity and transferability including a 2-year minimum holding period. Please read the Private Placement Memorandum for a full list of risks. Securities offered through Capulent, LLC, member FINRA / SIPC.
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Contacts
1031 Crowdfunding
www.1031Crowdfunding.com
844-533-1031