Posts by dev@cakedidit.com

Freedom Financial Funds, LLC, through its subsidiary Freedom REIT, recently closed its 16th loan with a Phoenix-based developer. The $2,260,000 loan provides 89% of cost financing for renovation and tenant improvements to an existing restaurant building in Central Phoenix. Due to the excellent track record of the developer, the well-located real estate, the solid operating…

Freedom Financial Funds recently closed a bridge loan for $8.78 million to fund the acquisition and repositioning of an 81,000 square foot neighborhood shopping center in Glendale, Arizona. ​ When the client opened escrow to purchase Glendale Plaza, the center was substantially vacant. During escrow, the buyer obtained a new lease with EoS Fitness for…

Calabasas, Calif., March 3, 2021 — Freedom Financial Funds, LLC recently provided a $4,620,000 loan for 84 percent of the total cost of a new acquisition and development in Lake Elsinore, California by Rancho Empire Development, LLC. The purchased land is in the process of being subdivided into six lots. Freedom Financial Funds will release…

In February 2021, Freedom Financial Funds, LLC became a capital provider to Fortify Holdings, Inc. of Portland, Oregon, when it funded a $20,200,000 portfolio acquisition and redevelopment loan for three existing motels in Medford, Oregon. The City of Medford was already challenged by a shortage of affordable housing when 2020’s wildfires destroyed hundreds of homes,…

Freedom Financial Funds, LLC, through its subsidiary Freedom REIT, recently closed its 15th loan with a Phoenix-based developer.  The $3,100,000 loan provides 90% of cost financing to construct two quick-service restaurants in Goodyear, Arizona. Because of the excellent track record of the developer, the well-located real estate and highly profitable business plan, Freedom was able…

The days of relying upon a single source for all your capital needs are past. Today, it is vital to have a trusted advisor dedicated to providing capital from its own account.  Freedom Financial Funds’ distinguished founders, Michael Klein, Stanley Kafka, Minda Johnstone and Yan Lam, share decades of experience in supplying capital for the acquisition,…

Freedom Financial Funds, LLC, through its subsidiary Freedom REIT, recently closed its 13th loan with a Los Angeles-based developer. The $5,000,000 loan provides general working capital for the developer and is secured by a junior lien on a prominent office building with two institutional-grade tenants. Because of the excellent track record of the developer, the…

CEO Michael Klein speaking at 11:35 am EST Principal Stan will be speaking at 4:30 pm EST Michael and Stan will also be holding court at a Round Table discussion at 1:00 pm EST and 4:05 pm EST ​https://www.imn.org/virtual-events/conference/Real-Estate-Private-Equity-Funds-Virtual/Register.html

6 Phase SFR Residence Successfully Funded Over 3 Year Span

Freedom Financial Funds funded a $2.6 million loan for the acquisition of a leased 24,700 square foot industrial building in Ontario, California, located just south of the Ontario airport and north of the 60 freeway. The loan totaled 58.8% of the acquisition cost of the property. The subject building was an owner/user building until the owner sold…