News

Freedom Financial Funds, LLC made a $5,050,000 loan to finance the conversion of a defunct hotel into market-rate affordable apartments in Ellensburg, Washington. This is the third loan that originated within the first 18 months of starting our relationship with the Pacific Northwest-based client. Eric Shoemaker manages the relationship and structured this loan. The loan…

While attending ICSC@Western, Minda Johnstone joined the featured tour of The Campus at Horton, formerly Horton Plaza.  This 37-year-old mall in the heart of downtown San Diego is being entirely renovated by Stockdale Capital Partners.  When completed, the development will offer 300,000 sf of retail space; 700,000 sf of office space, expected to appeal to…

Michael Klein, CEO of Freedom Financial Funds, LLC,  serves on the board of directors for nonprofit Homes 4 Families, where he contributes his financial knowledge in furtherance of the organization’s mission of building affordable housing, helping low-income veterans achieve home ownership, and supporting communities for veterans and their families.  Klein said, “When I was asked…

Comments from Freedom: The author makes very good points but does not consider unleveraged debt funds such as Freedom Financial Funds, LLC (“Freedom”).  Freedom does not depend on public markets or banks to fund our borrower’s loans. Instead we use our equity capital to do so.  This makes Freedom able to decide independently of market…

Freedom Financial Funds, LLC (Freedom) recently closed a $4,680,000 construction loan that will provide 88% of cost financing to construct a build-to-suit project leased to 7-Eleven in Bakersfield, California. The client, a seasoned developer who is highly bankable, chose Freedom for the ninth time because he knows from experience that Freedom executes quickly and efficiently.…

This accidental bargain is about to be a lot of paperwork. A tiny mishap has landed a Sparks, Nevada, homebuyer with a small city’s worth of homes purchased for the price of one. Thanks to four mistaken keystrokes, the new owner of a single-family home received an additional 84 house lots, plus two common spaces…

John Burns is a highly regarded aggregator of insightful and timely data on the Housing industry. On a cautionary note, the industry is a million zip codes and activity can be uneven within different markets. The market has clearly “hit a wall” with no relief in sight anytime soon although prices will rebound at some…

Freedom Financial Funds, LLC recently closed a $14,000,000 build-to-suit construction loan for a multi-tenant project in the Inland Empire region of Southern California. Tenants include Shell, Starbucks and Tesla. The transaction was originated by Stanley Kafka, a founding principal of Freedom. This is the fifth loan that Freedom has provided to the sponsors. The loan,…

This podcast should be required listening for all of us involved in the housing sector. While perhaps counterintuitive, could well-intended state, municipal, and local progressivism be at the heart of our current “housing crisis”? The five states with the highest rates of homelessness (and the biggest affordability problems) are CA, OR, WA, HI, and NY. Major…

Freedom Financial Funds, LLC recently closed a $10,500,000 bridge loan that will be used to convert a non-operating hotel into a 115-unit apartment building. The project is located in the Seattle/Tacoma metroplex and was originated by Eric Shoemaker, Freedom’s Northwest Market Executive. This transaction was Freedom’s second loan to the sponsor, who opted to work…