Furlo Capital targets the first distribution 6 months after acquisition. For Brentwood - We are targeting May for the first distribution.
The GPs will put in some money in each deal. However, GPs often have to prioritize keepingtheir cash "liquid" even when they like the investment profile of a deal. This is because banks require GPs to have significant cash in order for the bank to be willing to lend into a deal.
Distributions will be made quarterly.
The market cap rate for similar assets in DFW is X%. Our exit cap rate assumption is X%
8 million people, an increase of about 18.5% (more than 1.2 million people) since the 2020 Census.
Furlo Capital is an extension of Furlo Family Homes, which was started in 2015 by James Furlo, and we have acquired 8 properties in the states of Oregon and Indiana. We look at hundreds of properties before signing a contract on a new property. We are committed to the values of conservative underwriting, great communication, and partnership with our investors. See the whole portfolio
We operate on a first come, first serve basis. On October 18, 2022, investors can go to our investor portal, review legal documents, and then wire funds over. It's important to wire funds as soon as you make a decision to invest to have the best opportunity to be part of the deal
We'll send you an email with a link to the "formal" investment opportunity.
Log into the Google Drive Data Room, click "Offerings" and review the opportunity, Click the button "Make Offer" and enter the amount you'd like to invest in the Google Form.
We'll then review your offer to make sure it meets our investor guidelines.
Once we accept your offer, you'll receive an email to review and sign the legal documents (i.e. the Private Placement Memorandum, a Subscription Agreement, and Operating Agreement).
Once you Docusign the documents, you'll receive wiring instructions.
You wire the funds, and then wait for closing.
Sorry, our minimum for this deal is $50K and we don’t take less than this amount.
You will receive a K1 form for tax purposes each year.
By March 31.
Yes, we do this on every deal and it will be completed in 2023.
The wiring information is provided after you sign the PPM. If your bank asks, the location of the entity created to purchase the property is in Corvallis, OR.
Should you have any questions, please feel free to contact James. Thanks!