Fairway America, an authority on small balance real estate (SBRE) pooled investment funds, today announced the launch of Silverado Income Fund I, LLC’s (“Silverado” or the “Fund”) $25M fund on SBREfunds, a crowdfunding marketplace that focuses exclusively on quality products and information in the pooled real estate asset based investment space. SBREfunds.com is building the world’s leading community of SBRE fund managers, and Silverado’s fund listing will generate immediate exposure to accredited investors looking for opportunities in SBRE pooled investment funds.
The recently launched SBREfunds platform provides accredited investors with a secure environment to network with one another through a private forum, consume educational content that teaches them about the SBRE market in general, and allows them to anonymously review and select investment opportunities presented by fund managers inside the marketplace and contact the managers directly themselves if and when they want to.
CEO of Fairway America, Matt Burk stated:
“What we’ve established with SBREfunds is an unprecedented online portal exclusively for blind pooled funds. We’re laying the groundwork for SBREfunds as the number one place where SBRE entrepreneurs and fund managers have access to high-level education, information, peer feedback and other functions central to their operations, all in one place.”
Listing Silverado’s Fund on SBREfunds positions the company to gain exposure more quickly and to raise capital more effectively from its inception. Silverado focuses on originating mortgage loans to developers and investors for the acquisition, construction and/or rehabilitation of non-owner occupied residential and multifamily properties located in the Pacific Northwest, with an initial focus on the Portland Metro region and Southwest Washington.
The principal manager of Silverado is Tea Olive Enterprises, LLC, an Oregon limited liability company owned by David Scott, who is the sole member of Tea Olive Enterprises, LLC. As President of Silverado, his expertise includes loan origination, management of the company’s bank lines of credit, capital procurement from high net worth individuals, and customer relations with potential clients.
Scott explained:
“We’ve originated over 300 residential real estate loans in the past several years and felt it was time for us to put better capital structure around our operations. Fairway’s complete end to end platform is a perfect fit for us to make sure we have a quality structure, proper administration, and fantastic exposure on the SBREfunds crowdfunding site. Fairway’s fund also made an investment in our Fund which made it even nicer.”
Burk added:
“Listing Silverado’s Fund on SBREfunds exposes it to our growing community of investors who are learning more and more about the many and varied opportunities in the SBRE space. This isn’t your typical crowdfunding platform. The site not only helps our clients gain more exposure to investors, but we also provide expertise in fund structure, administration and management to help ensure that the funds listed on the site are well positioned to raise capital effectively.”
Silverado Funding will be attending Fairway’s Small Balance Real Estate Investment Summit at the Hyatt Regency Spa and Resort at Gainey Ranch in Scottsdale Arizona on April 9th and 10th. This invitation only event is open to fund managers and accredited investors interested in the SBRE pooled investment fund space.
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