Freedom Venture Real Estate Fund I, LLC Investor Portal

Freedom Venture Real Estate Fund I, LLC

A Fund designed to deliver stable, passive income and appreciation. It owns and operates multifamily properties and is supplemented by strategic debt investments.

Freedom Venture Real Estate Fund I, LLC
506(c) Offering Platform

INTRODUCTION TO THE FUND

Freedom Venture Real Estate Fund I, LLC (“the Fund”, or the “Company”) was formed with the purpose of capitalizing on current market conditions by acquiring and managing multi-family and apartment class real estate assets in the Florida Gulf Coast geographic region. The Company’s legal structure was formed as a limited liability company (LLC) under the laws of the State of Nevada on June 9, 2020.

The Fund seeks to acquire and manage high-quality real estate assets with the intention of providing investors with an opportunity that combines income, principal investment growth and capital preservation.

The Fund is managed by Freedom Venture Management LLC (“FVM” or the “Fund Manager”), a Wyoming-based company that specializes in real estate asset acquisition and management. FVM is managed by three accomplished real estate and finance professionals with a combined 62 years of experience in successful real estate investments.

The Fund’s primary focus is creating and maintaining investor wealth through alternative strategies. The management team’s collective ability to provide an advantage over investing individually lies in locating attractive opportunities which allow the Fund to address any real estate acquisition and management issues quickly and effectively. The Fund’s ability to invest with aggregated capital also provides enhanced negotiation leverage as it closes acquisitions quickly, without common financing delays encountered with other purchasers who require institutional financing to close on a property.

The Fund’s primary managers are directly involved in the placement of investment funds into select real estate assets, which means that we have a more hands-on approach to managing our investments in comparison to large institutional investors. By investing in a Fund with engaged and specialized management, investors are released from the complexities and time required in individual property ownership.

During their time in the industry, our individual Fund managers have successfully navigated extreme market fluctuations. Due to their level of experience, the Fund management team proactively researches market trends to develop powerful strategies. This allows us to mitigate volatility in the market and reduce negative effects on our investors. Additionally, the managers’ expertise have positioned the Fund to take advantage of market opportunities presented in times of uncertainty. The Fund management team leverages industry-leading technology and a proprietary methodology to sourcing data for acquisitions. This approach sets Freedom Venture Real Estate Fund I, LLC apart from our competition.

The Fund’s management team has identified compelling market opportunities for the acquisition of multi-family and apartment assets in certain markets throughout the Sun Belt region with a concentration along the Gulf Coast region of Florida. This prospectus will outline the Fund’s proprietary strategies for seizing these opportunities.

One of the many reasons that Florida is expected to keep growing so fast is from marketing the state as the ideal business location. The proactive, business-friendly government in Florida is an expert at attracting new high-wage jobs for workers who can compete on a global scale. GDP of Florida is more than $1 trillion and has grown by nearly 40% over the past ten years.

— learn.roofstock.com | "Why Investors Still Love Florida’s Real Estate Market in 2020" | Jeff Rohde

Freedom Venture Real Estate Fund I, LLC
506(c) Offering Platform

summary of operations

Geographic Focus

The Gulf Coast of Florida multi-family real estate markets provide a compelling opportunity for the purchase, management and disposition of undervalued and distressed multi-family and apartment class real estate assets. The Fund Manager’s construction and distressed real estate mitigation background provides us the capability to accurately evaluate certain acquisition opportunities with the intent to rehabilitate the asset, engage in a reposition and lease-up, and then ultimately sell the improved asset for a net gain. Certain markets throughout the broader Sun Belt region are also areas where the Fund Manager has significant market operating history and expertise and, therefore, offer similar opportunities.

The Methodology

The Fund intends to operate as a hybrid real estate investment fund with a smaller portion of allocated capital being utilized for shorter-term debt opportunities and the larger balance for equity acquisitions that will mature over a six year period or less (inclusive of a standard 12-month repositioning period) to produce attractive risk adjusted returns. The Fund’s execution strategies for those opportunities are explicitly described below:

Direct Investment (3 to 6 years): he Fund Manager intends to allocate approximately ninety percent (90%) of invested capital towards acquisitions that will require a longer duration to mature prior to disposition. The Fund Manager is seeking to capitalize on current market conditions that have created both an increased demand in conjunction with highly attractive acquisition costs. The Fund Manager expects that these assets will still be sourced at attractive acquisition rates. However, the properties may not require as much rehabilitation. The Fund Manager still intends to deploy elements of rehabilitation and re-positioning to maximize value and allow for maximum rental rates per square foot. Assets in this category will typically be held in The Fund’s portfolio for three to five years prior to disposition.

In addition, the recent pandemic has created a level of uncertainty that is placing strain on small “mom and pop” and speculative investors. These investors will be looking to exit the market quickly, therefore properties will be available at highly discounted prices. The Fund is equipped to quickly analyse, acquire and reposition these assets with an emphasis on increased income production as well as long-term appreciation and risk management.

Lending: The Fund Manager anticipates that ten percent (10%) of capital from the offering will be allocated towards direct lending opportunities. The Fund will provide select borrowers who meet defined guidelines with mortgage backed financing. Borrowers will include builders, developers and investors acquiring value-add real estate projects. This will include new construction, non-owner occupied residential rehab, bridge and commercial construction mortgage backed loans. The Fund will endeavor to spread its risk in various ways including geographically, by asset type, by property type, by Borrower, by duration of debt term, by exit strategy of each asset and by investment type and size.

Properties in this category are anticipated to require more re-positioning and rehabilitation work and would be reflected in the distressed level acquisition costs. The construction and rehabilitation experience of the Fund Manager is a critical part of this underwriting process as this expertise will allow The Fund to fully assess expected costs, timeframes and other important metrics in order to maximize net profit, re-position expenses incurred by Borrowers and minimize risks related to unexpected rehabilitation costs.

"It’s anticipated that the region [Florida Gulf Coast] in 2020 will once again experience really high population growth, which would further perpetuate a very healthy and robust property market."

Danny Rice, managing director at commercial real estate brokerage firm Colliers International Tampa Bay, Central and Southwest Florida

Freedom Venture Real Estate Fund I, LLC
506(c) Offering Platform

Company Management Team

The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and efficient execution of its planned operations.

David Seymour, Fund Principal & CEO

David Seymour

Fund Principal & CEO

After 16 years as a firefighter and paramedic, Dave Seymour launched his career, rapidly becoming one of the nation’s top real estate investors. Within his first few years, Dave transacted millions of dollars of real estate and became one of the nation’s leading experts in both residential and commercial transactions.

His unabridged passion for business and real estate put him on the radar of A&E television network as well as multiple news organizations including CBS, ABC, CNBC, FOX News, and CNN. New York Times reported that Dave Seymour’s series ‘Flipping Boston’ posted the highest ratings ever for the A&E network at the time of airing.

Dave has been sought after as a ‘tell it like it is’ mentor and motivator in the real estate world with a track record of unmatched success everywhere he reaches. Dave is well-known for doing business alongside investors of all experience levels. He has partnered with investors on their very first real estate deal as well as guided some of the largest investment firms in the nation through complex transactions. There is no one more committed to the success of other investors than Dave Seymour.

Dave’s greatest joys come from being a husband and father, both of which are his true motivation for all that he does. As the Fund’s Chief Executive Officer, Dave will leverage his experience and industry relationships to rapidly establish the Fund as an industry leader.

Walter Novicki, Fund Principal & CIO

Walter Novicki

Fund Principal & CIO

Walter first entered the real estate industry in April of 1986 when he closed on his first multi-family property, a four-family building located near Otterbein College in Westerville, Ohio. He quickly developed an affinity for real estate, particularly campus housing, and over the next four years amassed a total of 168 units.

In the Mid-90’s Walter turned his interests towards the mortgage banking arena and subsequently established Midwest Mortgage Corporation in Cincinnati, Ohio. The company concentrated on the wholesale mortgage market with an emphasis on the utilization of emerging technology to improve efficiency while decreasing operational expenses. After the sale of Midwest, Walter relocated his family to the Florida Gulf Coast region to enjoy the lifestyle and to take advantage of the bustling real estate market. He founded Ideal Development and took a strong investment position in the local market by acquiring multiple parcels that were subsequently entitled, subdivided, and sold to major builders.

With the real estate collapse of 2008 Walter saw opportunity where many others did not. In 2010 he formed Alvani Capital, banning together with several other investors to raise over $125,000,000 and creating a private real estate trust. Under Walter’s direction the trust acquired massively discounted waterfront properties located in several key Southwest Florida communities. Because of his intimate understanding of the local market, strong negotiating skills and a keen ability to perceive potential value, that investment returned an IRR in excess of 20% when it was liquidated in 2015.

In 2016 Walter was offered the opportunity to travel nationally and share his unique skill set. Over a four-year period, Walter helped train thousands of investors in nearly every major US market while continuing to grow both Ideal Development and Alvani Capital. Walter serves as the Fund’s Chief Investment Officer and is charged with overseeing all aspects of the acquisition and improvement process .

Eric Wilson, Fund Principal & COO

Eric Wilson

Fund Principal & COO

Eric Wilson is an accomplished financial professional with a deep understanding of the intersection between technology and business. Eric’s passion for real estate can be credited to the impact that the industry has made on his own life, where his savvy investments have allowed him to live on his own terms. As a pioneer in the tech-driven business arena, he specializes in using innovative technologies to implement systems that exponentially enhance a business’s efficiency and potential for success.

Eric has had an exceptional career to date, beginning with the launch of his own tech-startup during his early studies. While pursuing his MBA with a concentration on Information Technology Management, he was operating a property management company that lead to his first multi-family acquisition in his early 20s. Thereafter, Eric moved on to work as the lead systems analyst on cutting-edge algorithms with Fidelity Investments. Having worked with the most progressive technology in financial services, Eric has since built and implemented proprietary marketing and automation systems, which have been invaluable to the businesses that he has enhanced. Eric’s career skyrocketed to success when he and industry mogul, Dave Seymour, coordinated systems to invest in properties across the country and lend capital to other real estate investors.

As a young thought leader, he has developed a compelling perspective on the value of information. Believing that information is the key to harnessing a company’s full potential, Eric continues to build on his impressive background by creating automated systems that streamline the flow of information to allow businesses to work most effectively. Now serving as a managing partner at Freedom Venture Management (FVM), Eric plays a major role in automating operational processes so that the partners can attend to what matters most. With Eric’s ability to consistently achieve remarkable tech-driven results, the company processes information through proprietary data mining techniques, which allows FVM a competitive advantage in their target markets. Relying on Eric’s high-tech implementations, the company can focus on putting their clients first and simply securing the best deals for the fund.

Board of Advisors

Kevin Harrington

Kevin Harrington

Advisor

As an original “shark” on the hit TV show Shark Tank (CNBC), the creator of the infomercial, pioneer of the As Seen on TV brand, and co-founding board member of the Entrepreneur’s Organization, Kevin Harrington has pushed past all the questions and excuses to repeatedly enjoy accelerated success both Nationally and Internationally. His legendary work behind the scenes of business ventures has produced more than $5 billion in global sales and the launch of more than 500 companies. He has worked with amazing celebrities turned entrepreneurs including Billie Mays, Tony Little, Jack LaLanne, and most recently George Foreman. Kevin’s been called the Entrepreneur’s Entrepreneur, a title to not be taken lightly in the competitive world of business. With his “Shark Tank” savvy business acumen, Kevin Harrington has partnered with Freedom Venture Investments to propel their real estate strategy and scale operations.

John Dessauer

John Dessauer

Advisor

John Dessauer is a respected and accomplished entrepreneur across various industries including Environmental Services, Hospitality, Marketing, Education, and Real Estate. John obtained a B.S. Degree in Biology and Business Administration/Economics from St. Ambrose University, setting the foundation for his entrepreneurial successes.

As a passionate real estate professional, his personal portfolio includes hundreds of successful transactions across a range of asset classes including apartments, office buildings, retail, single-family homes, and condominiums. John has also been instrumental in the success of other investors, providing services through his National Brokerage and Asset Management firm Anton Agency/Anton Asset Management. Under John’s direction, Anton Asset Management has managed and brokered over 2,000,000 square feet of rental and retail space, which translates to over $100,000,000 in property values.

John has achieved national recognition as the author of 4 books discussing insightful strategies around entrepreneurship and real estate investing. John also hosted a highly acclaimed, nationally syndicated real estate investing show on Sirus/XM. As an advisor to Freedom Venture Management, John brings decades of portfolio management experience as well as the industry relationships that are paramount to the success of the Fund.

John DeJulio

John DeJulio

Advisor

John DeJulio is a lifelong Chicago native. Over the past two decades he has established himself as one of the Midwest’s top commercial real estate investment experts. He now serves as President of John DeJulio Companies, Ltd., a real estate investing and consulting company specializing in commercial property acquisitions and syndication.

Previously, John served as Vice President and Co-Head of American Banc Financial from 2000 to 2008 and was charged with overseeing capital markets and MBS products. Additionally, John has consulted with several money center banks and is a nationally recognized speaker and trainer. John’s insight and connection to the capital markets has created exceptional results not only for his own business, but for the companies and funds he has aligned himself with. John serves on several boards and loves to share stories from his time as a professional soccer player in the English Champions League.

Dave Hall

Dave Hall, CPA

Advisor

Dave Hall graduated from Southern Utah University in 1994 with his Master’s in Accounting. Dave has spent his career using the latest tax and investment strategies to help thousands of businesses and investors limit their tax exposure while maintaining the utmost integrity and compliance. Over his decades as a nationally recognized tax and investment strategist, Dave has consulted with the nation’s top fund managers. The Fund sizes he has overseen range from 100M-500M, consistently delivering exceptional service and direction to his clients.

Dave has also represented national food and beverage brands as well as high profile professional athletes.

He currently serves as the Managing Partner of Etrends group, a privately held CPA and Strategic Advisory firm. He is a published author, public speaker and currently hosts his own podcast “The Prosperity Gap with Dave Hall.” Dave serves as a strategic partner to the Fund while providing our investors with the highest quality accounting services.

Aryeh “Ari” Smith, Advisor

Aryeh “Ari” Smith

Advisor

Ari Smith has a passion for building connections on a personal level. It is this passion that he credits much of his success in business to. Whether it’s introducing clients to potential investors, working the room at a networking event, syndicating deals, helping clients broker deals, or assisting clients in raising equity, his philosophy is simple; commercial real estate is all about bringing the right people together and effectively communicating through the deal.

As the Vice President of Business Development for Riverside Abstract, his main role is to assist property owners and developers with title insurance, title services, 1031 exchanges, cost segregation and like-kind exchanges. Riverside is one of the prominent title recourses in the country with a track record north of 1B in transactions during 2019 alone. Ari spends much of his time helping clients find deals, putting the pieces together, and working to expand their commercial real estate potential. His real estate proficiencies include commercial, industrial, multifamily, mixed use, office buildings, and land development. Ari began his career in the Midwest and is now residing in New York City. His network spans nationwide which allows him to search his vast client base to connect the right professionals and ultimately serve his clients.

Along the Gulf Coast, much of the economic momentum in 2020 will once again be concentrated in Tampa, where an employment, tourism and population surge has occurred since 2014 and boosted every facet of real estate.

- www.businessobserverfl.com | "Gulf Coast's commercial real estate growth and positive momentum show few signs of abating in 2020." | Kevin McQuaid, January 10, 2020

Freedom Venture Real Estate Fund I, LLC
506(c) Offering Platform

terms of the offering

$100,000,000

Minimum Offering: $5,000,000

Minimum Investment: $100,000 (100 Units)

Freedom Venture Real Estate Fund I, LLC (the “Company” or “the Fund”), a Nevada Company, is offering a minimum of 5,000 and a maximum of 100,000 Class A Membership Units for $1,000 per unit.

Distributions of Net Cash Flow, except for the Preferred Return distribution, shall be distributed annually, within forty-five (45) days after the end of each fiscal year. All distributions of Net Operating Cash Flow shall be distributed as follows:

  • (i) first, a Preferred Return Distribution, distributed to the Class A Members, to equal an annual non-compounding, cumulative Preferred Return of six percent (6%), paid quarterly and calculated based on the unreturned Capital Contributions for such Class A Member and;
  • (ii) second, of any remaining net cash a distribution to provide for the payment of any accrued but unpaid Preferred Return due Class A Members and;
  • (iii) third, of any remaining net cash seventy-five percent (75%) of remaining distributable net cash flow shall be distributed to the Class A Members, as a group, pro rata and twenty-five percent (25%) of remaining distributable net cash flow shall be distributed to the Class B Member(s), as a group, pro rata.

Distributions of net proceeds from the winding up of the Fund’s investment operations and subsequent disposition of Fund assets shall be distributed on the following summarized schedule and subject to the terms of the Operating Agreement:

  • (i) first, one hundred percent of distributable net cash flow shall be distributed to the Class A Members, as a group, pro rata until each Class A Member has been provided a return of invested Capital Contributions to the Fund and any current or accrued Preferred Return due and;
  • (ii) second, seventy-five percent (75%) of any remaining distributable net proceeds shall be distributed to the Class A Members, as a group, pro rata and twenty-five percent (25%) of distributable net cash flow shall be distributed to the Class B Member(s), as a group, pro rata.

CONTACT US

Please complete the contact form and we will get back to you about any questions you have about our offering.

Freedom Venture Real Estate Fund I, LLC
506(c) Offering Platform

so much more than what you see

prospect dashboard

The Freedom Venture Real Estate Fund I, LLC 506(c) Investor Portal provides the opportunity to learn about our investment opportunity. Once registered, you will be able to:

  • Access the Private Placement Memorandum, which outlines our company and gives greater detail about our offering;
  • Access our SEC filing;
  • View real time offering metrics of how far along we are in the offering process;
  • View a timeline of your progress in the subscription process;
  • View company contact information; directly contact the administrator;
  • Easily upgrade your account with the click of a button.

Once your account is upgraded you will have additional access including the ability to:

  • Complete the subscription documents;
  • Upload subscription and accreditation documents as applicable;
  • View specific information for investing and instructions on transfer of investment funds;
  • Review company documents including Reports, Financials, and Supporting Documents;
  • Access the asset portfolio as applicable;
  • Access news articles written by the company;
  • View documents associated with your account.

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