BCLD Fund I, LLC will seek to acquire and manage high quality real estate assets with the intention of providing participating investors with a real estate focused investment opportunity that combines income, principal investment growth, and elements of capital preservation. The Fund will pursue both short term and long term opportunities with the majority of capital deployed into long term, lower risk asset acquisitions.

Target Markets

• Detroit, Michigan
• Atlanta, Georgia
• Washington, D.C.

Asset Sourcing

The Fund Manager engages with entities that control multiple properties, such as lenders, servicers, and operators, and seeks to locate assets in their portfolios that would be potential investment opportunities. Concurrently, the Fund Manager employs its value-add methodology that focuses on specific assets that it believes are distressed or are otherwise attractive investment opportunities.

Acquisition Criteria

• Property Type: Multi-family and Apartment Complexes
• Mostly class “A” and “B” properties with select “C” class property acquisitions possible
• Single-Family 2bd 1ba – 4bd-4ba
• Average Property Size: 05-12 units
• Estimated Average Age of Target Properties: 20-100 years old
• Deferred maintenance and rehabilitation expected on certain properties
• Detroit, MI, Atlanta, GA, and Washington, DC are primary target markets
• Ideal locations situated near public transportation, shopping, and employment centers
• At least 20,000 population or greater within a 3-mile radius
• Individual unit matrices with a large percentage of 2+ bedroom floor plans and individual electric meters
• Acquisition price less than 80% of Fair Market Value
• Upside rent and valuation potential from asset enhancements and re-positioning

Asset Re-Positioning and Marketing

Once any renovation required is complete, the Fund will proceed with re-positioning the asset and marketing the asset to potential rental consumers. The Fund expects that many of the properties acquired will not be in a physical condition or managed such that the asset is attractive to a rental consumer willing to pay an increased rental rate. In part, much of the re-positioning process occurs with the modernization of the property and the inclusion of aesthetic features that will appeal to the core target rental audience in the selected markets. The Fund Manager has extensive experience in rehabilitating properties such that they have significant rental appeal to a mid and upscale rental consumer. This increase in appeal allows for increased rental rates, higher expected net operating income, and equity accretion.

Disposition of Assets

Short Term Investments (under 18 months): The Fund Manager anticipates that thirty percent (30%) of capital from the Offering will be allocated towards opportunities that involve acquisition, reposition and/or rehabilitation, and asset disposition in under 18 months. Many of these opportunities will be sourced from distressed sellers or “special circumstance” type acquisitions (package Bank REO, seller joint venture, etc.) wherein a significant amount of equity and value is present from the time of acquisition and additional equity and profit is realized through the reposition, re-branding, and rehabilitation process.

Long Term Investments (3 to 5 years): The Fund Manager intends to allocate approximately seventy percent (70%) of invested capital towards acquisitions that will require a longer duration of time to mature prior to disposition. The Fund Manager expects that these assets will still be sourced at attractive acquisition rates, however the properties may not require as much rehabilitation or may be located in areas that demand a higher acquisition premium and thus the Fund Manager expects less initial equity immediately post-acquisition. Assets in this category will typically be held in the Fund’s portfolio for three to five years prior to disposition.