NEWS
Keep up-to-date with all the news about Freedom.
PENSION FUNDS CONTINUE TO INCREASE REAL ESTATE ALLOCATIONS
May 15, 2022
Pent-up demand to deploy capital during the pandemic has driven a surge in new investment activity, with record amounts of capital raised in 2021. Now, pension funds are striving to hit their target allocations to commercial real estate, as real estate is considered a diversifier against market volatility within institutional portfolios, a source of durable income that helps pensions meet their financial liability to recipients, and a hedge against inflation.
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ARE INFLATION AND INCREASING MORTGAGE RATES DAMPENING DEMAND AS DISPOSABLE INCOME ERODES?
April 22, 2022
Faster inflation and strong U.S. economic growth are sending the 10-year U.S. Treasury rate up. The 10-year Treasury is now above 3 percent — the highest since 2018.
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NO-FAULT EVICTION ORDINANCE PASSED IN SAN DIEGO — INCREASING INVESTOR RISK?
April 15, 2022
The California legislature passed a statewide eviction moratorium extension on March 31, 2022 for certain tenants who have applied for rental assistance on or before that date. The moratorium is set to expire on June 30th.
Read More Here.
FREEDOM FINANCIAL CEO IS FEATURED GUEST ON THE CAPITAL PLAYBOOK PODCAST
March 17, 2022
During the recent Mortgage Bankers Association's CREF22: Commercial/Multifamily Real Estate Finance Convention & Expo in San Diego, California, Freedom Financial Funds CEO Michael Klein sat down for a discussion with Charles Williams, founder and CEO of Pioneer Realty Capital and host of financial podcast The Capital Playbook.
Read More Here.
AFFORDABLE HOUSING - IS THERE A RENEWED ROLE FOR OWNERSHIP HOUSING?
March 1, 2022
LAI International, through its global initiative, is engaging members in a series of webinars on affordable housing.
Opening the series on 2021-12-03 was a webinar featuring Howard Husock, New York chapter member and author of a recent book ‘The Poor Side of Town, and why we need it’, in conversation with Phoenix member, and CEO of Freedom Financial Funds LLC, Michael Klein, sharing his volunteer experience building ownership housing for low-income veterans through Homes4Families.
Read More Here.
FORTIFY HOLDINGS CREATES AFFORDABLE HOUSING FOR DISPLACED OREGON FAMILIES
February 28, 2022
Following the devastating Almeda Fire that swept through the Rogue Valley on the morning of September 8, 2020, developer Fortify Holdings partnered with the Oregon Department of Human Services (ODHS), Rogue Community Health and ACCESS to create affordable housing for displaced families.
Read More Here.
MICHAEL KLEIN, CEO OF FREEDOM SPEAKS ON DAILYALTS STRATEGIC INVESTOR PODCAST
February 15, 2022
Michael Klein, CEO of Freedom Financial Funds, explains how they provide debt and equity funding for Real Estate funding. Raising capital from investors, FFF provides First Trust Deed loans for 12-18 months for bridge, build to suit, construction projects by Real Estate professionals.
Read More Here.
FREEDOM FINANCIAL FUNDS’ YEAR END RESULTS POINT TO A BRIGHT 2022
February 11, 2022
The close of 2021 signaled the completion of 12 years without a single loss for the leaders of Freedom Financial Funds, LLC. The firm’s investor yield for 2021 was 7.93%, with no problem loans in its portfolio.
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THEORETICAL SUPPLY IS NOT THE SOLUTION TO PORTLAND’S HOUSING DEFICIT
February 01, 2022
Portland’s housing crisis is nothing new, and it isn’t just a local phenomenon. Since the turn of the millennium, the number of housing units built across the nation totaled 1.2 million annually, down from 1.5 million annually before 2000.
Read More Here.
AS COVID WINDS DOWN, DEMAND FOR PRIVATE DEBT SURGES
November 22, 2021
When the pandemic began, no one knew for sure what the economic impact would be. Many worried that it would mean a repeat of the dark days of the 2008 credit crisis. And although a post-crisis period is usually a time when borrowers are defaulting, economists have observed that default rates have instead dropped sharply and swiftly.
The U.S. economy is already roaring back. After unprecedented stimulus spending, Congress has approved a $1.2 trillion infrastructure package that will further bolster economic recovery, touching everything from airports to roads to water systems.
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FREEDOM FINANCIAL FUNDS PROVIDES $3,225,000 BUILD-TO-SUIT CONSTRUCTION LOAN IN PHOENIX, ARIZ
November 19, 2021
Freedom Financial Funds, LLC recently provided a $3,225,000 build-to-suit loan for a three-tenant project assembled by one of its long-time clients.
Tenant commitments helped to make the deal rock solid. Upon closing, Freedom Financial Funds will have executed leases from Black Rock Coffee and Salad and Go. The fund will also have an LOI for Express Car Wash. Based upon the executed leases and the LOI, the return on cost ratio is very strong at over a nine percent cap rate.
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MORTGAGE REIT CREATES NEW OPPORTUNITIES WITH SCOTTSDALE EXPANSION
November 15, 2021
Seeing huge potential for growth in Arizona, Freedom Financial Funds, LLC has established operations in Scottsdale.
Describing the region as a “business-friendly environment with a can-do attitude,” CEO Michal Klein is heading up the fund’s Arizona operations.
Freedom Financial Funds is a premium alternative to local and regional banks, providing funding to savvy real estate professionals seeking capital for construction, rehabilitation, repositioning, conversion, or additions to properties in the Western United States.
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FREEDOM CLOSES $1.8 M BRIDGE LOAN TO FINANCE ACQUISITION AND RENOVATION OF 49-UNIT APARTMENT IN KLAMATH FALLS, OREGON
November 11, 2021
As is the case with all cities in Oregon, Klamath Falls has an urban growth boundary (UGB), and the city is substantially built out. Population growth has been slow but steady since the UGB became law approximately 20 years ago. As a result, housing is in short supply in nearly every market in the state. Klamath Falls is no exception, with a housing vacancy rate of just 1.5 percent for all types and 2 percent for apartments.
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STATE OF OREGON ANNOUNCES ANNUAL RENT INCREASE CAPPED AT 9.9%
October 29, 2021
In September, the State of Oregon’s Office of Economic Analysis (OEA) announced the maximum annual rent increase percentage allowed for 2022. Landlords may increase rents by as much as 9.9 percent.
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FREEDOM FINANCIAL FUNDS, LLC PROVIDES $6.5M LOAN TO PURCHASE DEFAULTED NOTE
October 12, 2021
A long-time client asked Freedom Financial Funds to provide the capital necessary to acquire the 1st lien on a building it had previously purchased. The client wished to preserve the 2nd lien on the property due to its low interest rate and determined that the only way to accomplish that goal was to buy the 1st lien.
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FREEDOM FINANCIAL FUNDS HIRES RELATIONSHIP MANAGER ALLISON KLEIN TO DRIVE TEXAS MARKET EXPANSION
October 05, 2021
Freedom Financial Funds, LLC recently announced the addition of Relationship Manager Allison Klein to its distinguished team. Allison is spearheading the private real estate lender’s expansion into the Texas market.
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MICHAEL IS GOING OVER THE EDGE FOR VETERANS!
September 27, 2021
Many of you may know that I have the honor of serving on the Board of Directors for Homes 4 Families, a not-for-profit organization that builds neighborhoods and affordable homes for lower-income veterans and their families to purchase, while also providing a myriad of supportive services. I am also the chair of our OVER THE EDGE (OTE) event, to be held on October 30, 2021, at the beautiful Hilton Universal City Hotel. OTE is one of our primary fundraising efforts and the proceeds will allow us to continue the timely construction of our 56-home community in Palmdale, CA.
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AFFORDABLE HOUSING?
September 20, 2021
Today I read an article in the LABJ written by Hannan Madans (published on September 13, 2021) that there were nine affordable apartment complexes underway in LA. That’s great news but a closer look at the numbers shows a very real problem. Not only are nine projects a small drop in the bucket when compared to what is needed to supply housing to the tens of thousands on the streets in LA County, but the cost per unit is also a major problem. The average cost per unit exceeded $500,000.
Read More HERE
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FREEDOM FUNDS $7,735,000 ACQUISITION LOAN
September 1, 2021
Our client needed to close a solid acquisition quickly and because he had borrowed from Freedom twice before he was confident that Freedom would give him a quick decision and execute swiftly. This is an example where relationships matter.
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YOUR DONATION CAN HELP HOMES 4 FAMILIES RECEIVE UP TO $100,000
July 22, 2021
Freedom Financial Funds is dedicated to supporting Homes 4 Families, a non-profit organization dedicated to serving the needs of veterans and their families by providing permanent ownership housing.
Homes 4 Families recently announced a $100,000 Grant Challenge to help fund ongoing and future projects. Each dollar you give will be matched beginning July 19th at 9:00 AM.
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FREEDOM FINANCIAL FUNDS, LLC LENDS $1.2 MILLION TO DYNAMIC REAL ESTATE PARTNERS
July 13, 2021
Freedom Financial Funds, LLC recently closed its 30th loan with an entity controlled by Dynamic Real Estate Partners. Dynamic Real Estate Partners is a highly successful development and design-build firm headquartered in Los Angeles, California.
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THE BEST LENDER FOR YOUR DEAL IS RARELY THE CHEAPEST
July 8, 2021
With so many new lenders in the market, borrowers have more choices than in recent memory, but most borrowers are not taking full advantage of this opportunity. Most simply shop for the cheapest lender instead of shopping for the best lender for their transaction. This shopping pattern is fascinating because, on average, it does not match the rest of these borrower’s lives. Most borrowers seek to buy the best car, go to the best restaurants, shop for the best clothing or go on the best vacations. Yet, when it comes to borrowing, they focus on price, instead of value.
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FREEDOM FINANCIAL FUNDS JOINS HOMES 4 FAMILIES IN HELPING VETERANS ACHIEVE THE AMERICAN DREAM
June 30, 2021
Freedom Financial Funds, LLC is showing its support for veterans by joining Homes 4 Families’ next fundraising adventure, Over the Edge for Veterans, on October 30, 2021. Costumes are encouraged for this Halloween-themed event to take place at Hilton Universal City, where participants will rappel down the Hilton tower and GoPro cameras will capture every moment of the action.
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FREEDOM FINANCIAL FUNDS ADDS VALUE WITH $9.5 MILLION BRIDGE LOAN FOR A NORTHERN CALIFORNIA SHOPPING CENTER
June 15, 2021
A good client approached Freedom with an existing 98,000 square foot Safeway-anchored shopping center in escrow to purchase in a small Northern California town. The borrower was seeking financing for the acquisition and renovation of the 66% leased center. He also had a tenant in tow to take the vacant drug store space, after which the center would be 87% leased.
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FREEDOM FINANCIAL FUNDS CEO MICHAEL KLEIN AND PRINCIPAL STANLEY KAFKA RELEASE NEW BOOK — HOW TO MAKE SENSIBLE INVESTMENTS IN A SENSELESS ECONOMY
June 7, 2021
In response to COVID-19, one of the most startling and unpredictable events in living memory, investors and financial advisors alike are grappling with new questions about how to evaluate investment opportunities and mitigate risk while maximizing return on investment.
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June 4, 2021
With a mission of building resiliency, economic growth, neighborhoods and homes for veteran families, Homes 4 Families seeks to meet the significant need for affordable housing and no-cost services that equip veteran families to thrive in civilian life. Since the organization was founded in 2008, it has helped more than 386 low-income families achieve the American Dream of home ownership. Homes 4 Families works closely with the California Department of Veterans Affairs (CalVet), corporate sponsors and individual donors to make these dreams a reality.
Read more HERE
LA-BASED DEBT FUND EXPANDS REAL ESTATE LENDING OPPORTUNITIES WITH PORTLAND OFFICE
April 20, 2021
Freedom Financial Funds (“Freedom”), a boutique middle market debt fund based in Calabasas, Calif., has expanded into the Pacific Northwest region. Preston Greene and Eric Shoemaker are leading operations in the Portland, Oregon, office.
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FREEDOM FINANCIAL FUNDS CLOSES $8.78 MILLION BRIDGE LOAN ON GLENDALE, ARIZONA SHOPPING CENTER
April 9, 2021
Freedom Financial Funds recently closed a bridge loan for $8.78 million to fund the acquisition and repositioning of an 81,000 square foot neighborhood shopping center in Glendale, Arizona.
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FREEDOM FINANCIAL FUNDS ANNOUNCES $4.62 MILLION LOAN TO RANCHO EMPIRE DEVELOPMENT, LLC
March 3, 2021
Freedom Financial Funds, LLC recently provided a $4,620,000 loan for 84 percent of the total cost of a new acquisition and development in Lake Elsinore, California by Rancho Empire Development, LLC
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FREEDOM FINANCIAL FUNDS ANNOUNCES NEW $20,200,000 LOAN TO FORTIFY HOLDINGS, INC.
March 1, 2021
In February 2021, Freedom Financial Funds, LLC became a capital provider to Fortify Holdings, Inc. of Portland, Oregon, when it funded a $20,200,000 portfolio acquisition and redevelopment loan for three existing motels in Medford, Oregon.
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FREEDOM FINANCIAL FUNDS - PROFESSIONALS WORKING WITH PROFESSIONALS
January 27, 2021
New Website Launch and More...Read HERE
66 SINGLE-FAMILY HOMES SUCCESSFULLY FINANCED
November 10, 2020
6 Phase SFR Residence Successfully Funded Over 3 Year Span
MICHAEL KLEIN & STAN KAFKA TO SPEAK AT IMN EVENT DECEMBER 8, 2020
November 20, 2020
CEO Michael Klein speaking at 11:35 am EST
Principal Stan will be speaking at 4:30 pm EST
Michael and Stan will also be holding court at a Round Table discussion at 1:00 pm EST and 4:05 pm EST
https://www.imn.org/virtual-events/conference/Real-Estate-Private-Equity-Funds-Virtual/Register.html