Arrival Home Loans, a Novato, California-based division of Pacific Private Money Inc., has unveiled Arrival Fund I LLC, a residential bridge loan lending fund.
According to the company, the new fund offers a preferred 10%1 rate of return for investors, with profits distributed quarterly. The fund capital is used to take a minority position on short-term loans secured by Pacific Private Money’s senior deeds of trust or mortgages, primarily involving owner-occupied, single-family residences. The size of the offer is $20 million, with a minimum investment of $100,000 for accredited investors, and redemption options are available after the first year of investment.
“Arrival Fund I is structured to meet a pressing need in the real estate lending space, especially as the highly competitive real estate market has escalated demand for buy-before-you-sell solutions,” says Simon Chen, CEO of Arrival Home Loans. “This fund not only aligns with our mission to provide bridge lending products for homebuyers, but also enables our investors to benefit from returns in a market where alternative investment options are increasingly sought after.”