The Bedrock Fund only loans money to established Franchisees of HomeVestors of America, the “We Buy Ugly Houses” company. The Fund’s clients have spotless borrowing histories, and many have lived through one or more past market downturns without any loan defaults. The Fund’s clients have well established home-buying businesses in markets that are fully developed by HomeVestors. They buy houses in the safest sector in any market- the working-class neighborhoods where the houses are valued at or below the median value in the market. These houses are the least susceptible to fluctuations in a typical market depression. The Fund’s clients buy houses well below market- less than 75% of retail value- helping make their loans much less risky than a typical bank loan of 80 or 90% of value. Even with a market correction, the Fund’s borrowers can sell their houses and pay off their loans, as their lengthy history has proven (see FAQ #1- What happens to my investment if the real estate market softens?). Here are some of the Fund’s borrower clients and their track records:
Del Ray Beach FL
Tony A. Isbell
Mr. Isbell is the founder and former CEO of RealtyBid.com, one of the pioneers of online real estate, primarily selling foreclosures and REOs for banks and GSEs (Freddie Mac, Fannie Mae). Under Mr. Isbell’s leadership, RealtyBid conducted online auction sales of 110,000 homes to over 60,000 investors in all 50 states and 14 countries. Mr. Isbell sold RealtyBid in 2015. He is experienced in scaling a high volume, fast growth company and is also a seasoned real estate investor, having bought and sold over 300 houses. Mr. Isbell and his partner Jenny Atchley have a well-established fix and flip company in south FL, have borrowed and paid off over $20,000,000 in hard money loans and currently hold 410 cash-flowing rentals in the Southeast and Midwest.
Lake Charles, LA.
DJ and Jessica Savoy
As of 2019, DJ and Jessica Savoy have purchased over 275 properties and have a rental portfolio of 144 units. They have developed a high-performing staff of 12 and are currently averaging over 100 single family acquisitions per year throughout Louisiana. Their primary operation includes wholesale, construction, retail sales and turnkey rental properties. Mr. and Ms. Savoy also invest in multifamily apartments and mobile home parks, with a portfolio in Louisiana and Atlanta, GA. They have been successfully married since 2006 and are both full time real estate investors with a passion for community, leadership and personal development. They currently own and operate two HomeVestors Franchise offices located in Lake Charles and Baton Rouge, LA. Prior to starting his real estate career in 2013, Mr. Savoy had over a decade of experience in risk management and human resource management in the manufacturing and oil & gas industry, where he was a manager for multiple Fortune 500 companies. Ms. Savoy is licensed real estate agent in Louisiana with Coldwell Banker.
Mr. Craft has a private equity background having been an advisor on four platform investments, four add-on acquisitions and two divestitures representing over $500 million in total transaction value. He is well skilled as an analyst and financial executive in originations, underwriting, fund management and capital preservation. Mr. Craft spent 1.5 years as corporate executive for the HomeVestors (HVA) home office in Dallas, TX. He was instrumental in creating work flow processes that greatly enhanced HVA’s capacity to bring on and train a high volume of new Franchisees. Mr. Craft left HVA Corporate in 2018 to start Winger Residential, a HomeVestors Franchise in Sherman, Texas. Since then, he has originated and paid off more than $5 million in loans and holds 82 cash-flowing rentals.