About Us
Our Capital Fund Journey
Established in 2009, Capital Fund has been a prominent real estate alternative lending industry player for over a decade. With a core focus on providing short-term, asset-backed financing to real estate investors, builders, and developers, Capital Fund has successfully funded over $3 billion in loans to date. Through its rigorous underwriting process, with a focus on the asset, and seasoned expertise, the fund has protected our investors' principal $s invested while consistently generating attractive returns for its investors while offering a crucial lifeline to borrowers who may not have access to traditional financing channels.
Reach out to our team today to learn more!
Capital Fund Portfolio
at a Glance
$907mm AUM
~2100 Loans
~870 Investor Accounts
~66% LTV Portfolio Average
Recent Deals
Single Family Fix and Flip
- Loan Amount: $285,000 | Sale Price: $500,000
- Borrower was able to purchase, renovate, and sell the home in 80 days
- Chandler, AZ
Build to Rent
- Loan Amount: $5.3M | Sales Price: $6.3M
- This was a 22-unit project down in the Baseline Corridor. The project pre-sold to a CA investor when we originated the loan and was sold at completion.
- Phoenix, AZ
our strategy
- We lend money to real estate investors, builders, and developers
- Asset Based Lending Model
- We underwrite the asset/project vs. underwriting the borrower
- No credit check/tax returns/financial statements required
- Loan must be secured by Non-Owner Occupied SFR/Investment/Commercial RE
- Down Payments Required
- We adjusted our risk with larger down payments
- Short Term Loans (6-36 months)
- All loans require monthly interest only payments
- 1st position loans with rare exceptions
- Lender Friendly States
- Deed of Trust States Only
- Quick Foreclosure Process
- Markets with Strong Economies
- Under Supplied Housing
- Focused on lending in Core MSAs
- Our borrowers add finished inventory to under-supplied markets
Risk mitigation measures focused on principal preservation.
Internal Measures
- CF Ownership Investment
- Software Development
- Diversification
- Borrower Equity
- Market/Demographics
- Cash Flow Model
- Systems & Procedures
External Measures
- AUDITS:
- CF1 Annual Financial
- CF2 Annual Financial
- CF1 Periodic AZDFI
- CF1 Annual Operational
- WAB Oversight
- AZDFI Oversight
Our Team
Our Leadership team has over 100 years of Real Estate Experience
Noah Brocious
President
Noah has been with Capital Fund I, LLC (CFI) since 2009 and is a principal and the President of CFI. He is also a licensed Mortgage Loan Originator and the Responsible Individual for the company. He started his career in real estate in 2004 and has been in the industry ever since having experience in residential and commercial development. Noah oversees the day to day operations of the company and is responsible for direction of the company with input from the other partners.
Kevin Highmark
Chief Operating Officer
Kevin is a Principal and the Chief Operating Officer of Capital Fund. Kevin was raised in Arizona, completing both his Undergraduate and MBA programs at the WP Carey School of Business at Arizona State. Kevin oversees the day to day operation and works closely with Noah in Fundraising and Investor Relations.
Tyler Larson
Chief Investment Officer
Tyler is a principal and the Chief Investment Officer as well as an investor in CF2. Tyler graduated with a bachelor’s degree in both Finance and Marketing from Northern Arizona University. The Asset Management Department is responsible for the oversight of risk evaluation on all submitted loans as well as the in-house management of Commercial and Construction draws. Tyler works closely with Noah and the other partners in influencing the direction of the company.
Michael Anderson
Principal
Michael Anderson is the Founder, CEO, and a principal of CFI and a substantial investor in Capital Fund II, LLC (CF2). He has worked in the real estate development, brokerage, and acquisition industry for over 35 years. Mike obtained his Real Estate License in 1978, his Real Estate Broker License in 1983, and his Banking License in 2010. Mike and his team bring over 75 years of real estate experience to the table with an impeccable track record.
Dean Bloxom
Principal
Dean Bloxom is a principal in CFI and a substantial investor in CF2 and has worked in the mortgage industry for over 30 years. Dean is the current Chief Strategic Partnership Officer of Loan Depot, the 3rd largest mortgage company in the US after their merger with iMortgage, the company that he founded. Prior to iMortgage, Dean was the President of UDC Mortgage where he oversaw the entire mortgage operation. During his career, Dean has held executive management positions at some of the nation’s largest and well respected companies, overseeing billions in production volume.
Buddy Satterfield
Principal
Buddy Satterfield is principal in CFI and a substantial investor in CF2 and the former President of Shea Homes Arizona, one of the largest homebuilders in the state. Involved in homebuilding since 1978, he is the past President of the Home Builders Association of Central Arizona (HBACA). He has been recognized as Marketing Manager of the Year by the HBACA on six different occasions.
Mike Lofton
Principal
Mike Lofton is a principal of CFI and a substantial investor in CF2 and has worked in the real estate and construction industry for over 30 years. He is also the founder and CEO of Loftco. Mike has been primarily involved in new homebuilding, real estate acquisitions and development. Mike is the former chapter President of the Entrepreneurs Organization and has been a partner in a significant number of privately-equity investments in various businesses located.
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Review monthly communications from the team at Capital Fund regarding market trends, fund performance, and educational pieces.
