South Bend 7

Family Office Multi-Family Office Non-Profit Private Equity Est. 2015
Website →
USD 2M
Estimated FUM
Type
Family Office
HQ
La Mesa, CA, United States
Founded
2015
Focus
Generalist

About

South Bend 7 is a debt free, high social impact private equity fund that specializes in low income residential properties in the mid-west. We look for areas that are statistically boring with population densities that meet our requirements with a stable economy. Majority of our renters are Section 8 when combined with the fact that we have zero debt, has been amazing during this COVID-19 pandemic. The houses we typically buy are class C-D and are well below market rates, 40-60% is average, providing equity built into the purchase. One of the exit strategies is to build a pool of properties to sell to a larger fund. With already having equity in the fund, that allows us room to negotiate a deal on the assets as well as the cash-flow.

Strategies

Buyout
Breadth not publicly established

Investment Focus

Investment size
USD 100K - USD 5M

Reported investment size. Actual commitments may vary by stage, ownership and follow-on participation.

Investment Geographies
Primary Markets
United States
Coverage
Country-focused
Regions
North America

Coverage is a guide only.

Location

Headquarters
La Mesa, CA, United States
Office Presence
1 country
United States
1 known office
La Mesa, CA, United States (HQ)

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