Residential construction lending with forward purchase takeout discipline
West Lake Forward Purchase Construction Income Fund I, LLC seeks to provide current income and return of capital by originating and participating in senior secured construction loans and related credit investments, primarily financing new-build homes in the West Lake development in Hawthorne, Florida.
Strategy
senior secured residential construction lending
Takeout discipline
Qualified Forward Purchase Contracts
Controls
milestone-based draws, third-party verification, lien waivers, reporting
While we strive to present accurate and reliable financial projections, there can be no assurance that any of the assumptions in the projections outlined above will be accurate. The projections are subject to inherent limitations and are based on information available at the time of their preparation. They may be affected by subsequent developments or changes that were not anticipated.
Founded on real estate industry excellence, experience & expertise
"We are genuinely excited about the potential of Real Street BTR Opportunity Fund, LLC and are committed to supporting you in this capital raising journey. Your success is our success, and we look forward to seeing the fruition of your efforts."
— David Lee. Founder and CEO of Netshares.com
WEST LAKE
West Lake program overview
- Proven West Lake execution: sponsor/borrower track record includes 6 ground-up homes built and sold in the same neighborhood, with additional starts anticipated.
- Forward-purchase takeout discipline: focus on Qualified Forward Purchase Contracts (no financing contingency; buyer qualification supported by proof of funds and a lender letter or pre-approval if financing).
- Lender-grade controls: controlled construction draws tied to verified milestones, supported by third-party inspections, invoices, lien waivers, and consistent reporting.
Invest in a property that is designed to thrive
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Senior secured focus
The Fund originates and participates in senior secured construction loans financing new-build homes, with a focus on credit and collateral protection.
Forward purchase takeout discipline
The Manager intends most loans to be supported by a Qualified Forward Purchase Contract with no financing contingency and buyer qualification documentation.
Controlled draw administration
Controlled, milestone-based construction draws with third-party progress verification, invoice support, and lien waivers as a condition to disbursement.
Reporting transparency
Monthly updates including photos, schedule status, budget variance tracking, and a current risk log; data room maintained with budgets and sample reporting.
Distribution waterfall discipline
Distributable Cash is distributed per the Operating Agreement waterfall: Preferred Return, then return of Unreturned Capital, then residual to the Manager (or its designee).
Rule 506(c) accredited-only offering
Class A Preferred Units are offered under Regulation D, Rule 506(c) to Accredited Investors; verification is required prior to investment.
PROCESS
How it works
With many years of land development, real estate, and financial experience, Real Street Capital has created a process that is secure, seamless, and effortless.
With growth- and community-oriented investment opportunities, deciding where to grow your money is straightforward.
01
Fit call and eligibility
Fit call (15–20 minutes) followed by investor packet and data room access; then definitive documents and (as applicable) accredited investor verification prior to funding.
02
Loan origination and deployment
Pooled capital is used to originate and participate in senior secured construction loans financing a repeatable pipeline of new-build homes in West Lake.
03
Controls and oversight
Controlled, milestone-based construction draws supported by third-party inspections, invoice support, and lien waivers; ongoing monitoring and reporting.
04
Distributions and repayment
Distributions, if any, are expected from loan interest and repayment proceeds (including upon home sale/closing) in accordance with the Operating Agreement waterfall.
Please read our Data Room before investing.
Data Room
RESOURCES
Resources for investors
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Investing in Build-to-Rent Homes: A Comprehensive Guide
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Comparing Traditional Real Estate Investments to Build-to-Rent Opportunities
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Data Room
Access offering materials and program documentation (qualified investors only).
