Fairway America, LLC (“Fairway”), a Portland-based real estate asset, finance advisory and investment firm, announced its client, Voyager Pacific Capital (“Voyager”) launched its second SBREfund in the past 12 months.
Fairway played the lead role in consulting, advising and guiding the structure and formation of the Voyager Pacific Opportunity Fund II, LLC (the “Fund”) based in Vancouver, WA. The Fund’s Manager, Voyager Pacific Capital, is owned and operated by SW Washington area resident, Stephen Seal.
Seal’s affiliated company, LandCentral was formed in 1997, then Radius Land, and specializes in investing in the acquisition and sale of vacant land as well as real estate tax lien certificates. Seal explained:
“We are super excited about the Fund because we are able to leverage all of our experience and infrastructure we have built at LandCentral to help the Fund produce what we think will be great returns. We have a very unique approach to this segment of the SBRE market that we think gives us a tremendous competitive advantage.” Seal expects the Fund to focus primarily on these same asset types, and said that it may also invest in rental homes, multi-family and commercial properties, and/or notes secured by real estate.
He then added:
“In Fund II, we decided to create an open-ended, more flexible capital structure that we think investors will like even more than Fund I. The investment strategy allows us to acquire tax lien certificates as well as vacant land, rental homes, and other real estate assets we regularly encounter that meet our underwriting guidelines and to then sell the properties using the same seller financing techniques we have perfected. I believe that using the combination of these strategies creates the potential for higher returns, and allows us to leverage our core competency of creating passive income.”
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