ORLANDO, Florida., September 15, 2016 /PRNewswire/ — Legion Capital Corporation, a direct-to-market venture capital firm managed by a renowned venture capital executive Jim Byrd and president Brad Hilton of the renowned Hilton Hotel family, announced the launch of their new venture capital fund, LEGION HIGH YIELD MORTGAGE FUND I, LLC, a $25 million real estate mortgage fund for financing the acquisition, renovation and rental of property.
“The U.S. real estate market is enjoying a sustained recovery, with home equity nearly doubling since 2011. However, banks are still not lending money to builders and developers, creating a huge void in the home finance market. “, said Jim Byrd, President and CEO of Legion Capital Corporation. “This creates a great opportunity for investors looking for guaranteed income in the current volatile market environment.”
The Fund targets the growing demand for real estate financing in this expanding market. It will provide short-term loans (6-24 months), secured by mortgages on qualified real estate, to property developers, builders and contractors. Typical loan terms are 2% to 4% origination fees plus 14-16% annualized interest, plus a 3-5% profit share in the acquisition and resale or eventual monetization of financed property.
The fund pays investors a fixed annual interest distribution of 8%, payable quarterly, with an overall annual return expected to be in the order of 12%. Initial demand has been strong and management expects the fund to be liquidated quickly.
“This fund was created in response to strict bank lending practices during the recession. Those same conditions continue today, providing rewarding opportunities for investors,” said Brad Hilton, president and director (grandson of the iconic American hotelier Conrad Hilton). “We believe the fund will appeal to investors looking to earn stable, guaranteed income with relatively low risk.”
The fund will be managed by Byrd, Hilton and Legion Capital Co-founder and renowned marketing expert Shane Hackett.
About Legion Capital Corporation
Legion is a direct-to-market venture capital firm and private fund manager founded on the principles of crowdfunding and direct solicitation under new federal jobs legislation recently passed by Congress. The JOBS Act and related rules, including new crowdfunding regulations, allow companies to raise capital through direct solicitations of investors using the internet, social media and other direct-to-market means. . As a direct-to-market venture capital firm, Legion will be able to fund portfolio companies through means such as crowdfunding, Reg A+ (mini-IPO) offerings and other similar activities .
For more information about Legion Capital Corporation, visit www.legioncapitalcorp.com or call (888) 403-FUND.
Investment performance is not guaranteed and losses are possible. An offer to sell can only be made through the fund’s offering documents and should be read carefully before investing. Investors may obtain the offering documents by contacting Legion Capital Corporation.
SOURCE Legion Capital Corporation