The Bedrock Fund Continues to Provide a Safe Haven for Investors
Since its beginning in 2019, The Bedrock Fund has provided a “white glove” VIP lending service to some of the most experienced, high volume real estate investment companies in the country. Most of those investors are part of the HomeVestors of America (HVA) Investor Network. HVA is a franchise organization boasting close to 1,200 franchisees that are all trained in buying, rehabbing and selling houses. This continuity in training gives our investors comfort in knowing that their capital is being used for making high quality loans to experienced investors, not newbies in the market. This lending strategy keeps the risk profile of your investment at a very low level.
The Bedrock Fund Loan Volume Growth
Looking at 2021 – 2023, the growth in loan volume for The Bedrock Fund is as follow:
2021 – $13,452,708
2022 – $20,314,231
2023 – $34,900,847
Increasing capital drives the growth of a boutique lending business like The Bedrock Fund. Fortunately, our capital stack continues to grow at a measured pace and so does our loan volume.
As you can see, our loan volume from 2021 to 2023 has increased over 250%. In some business types, that type of growth would come at a price of increased risk. That is not true for The Bedrock Fund due to its hand-picked VIP borrowers. As the capital of the company grows, the experience level of its borrowers remains the same. This keeps our risk level very low. To that end, since its inception in 2019, The Bedrock Fund has never had a 30-day late payment or a default of any kind.
That’s an astonishing track record!
Loan Size is also Growing
The strategy of working with very experienced investors has paid off. The strategy has provided a nice uptick in the value of the loans the fund was able to make in 2023. We picked up some real superstars in a few of the higher value markets around the country including Florida, Colorado, Oregon and Washington in addition to our bread-and-butter markets in the Southeast and Midwest. Here is a summary of the growth in loan value over the past three years:
2021 – $101,901
2022 – $142,057
2023 – $190,715
Borrower Spotlight
As we continue to grow, we continue to invite the best and the brightest borrowers to utilize our lending business to help grow their purchasing power. To that end, we’d like to congratulate one of our borrowers, Carl Bassett at Black Rock Real Estate for winning the top homebuyer award (Franchise of the Year) at the HomeVestors National Convention in Orlando, Florida in December 2023. Carl has been a constant competitor for this award over the past five years. He and his team have bought and closed on 988 houses since becoming a franchisee in the HVA system. We are proud to have Carl as one of our most experienced borrowers!