Opportunity Fund Launches $500,000 Start-Up Funding Challenge to Help Bay Area Small Businesses Get Off the Ground


San Francisco, CA (PRWEB) March 21, 2013

Today, Opportunity Fund announced their Start-Up Funding Challenge to help Bay Area businesses get off the ground. For a limited time, the organization is lending up to $ 500,000 to local start-up entrepreneurs, who are either launching their businesses or have less than a year of sales. At 7.5% interest and no loan fees, the challenge aims to offer financing that is hard to come by for most start-ups at an affordable rate.

Getting the access to necessary capital is a huge hurdle for most businesses that are starting out. And 45% of businesses fail due to lack of financing, said the groups Vice President of Lending, Marco Lucioni. With banks often unwilling to lend to start-up businesses, many people turn to friends and family, or high-interest credit cards. Opportunity Fund is seeking to help those businesses get off the ground and running, putting them in a position to succeed for the long-term.

Last years Start-Up Funding Challenge winner, Rachel Myers, started her dream business, the Home D?cor Learning Center in Concord, California. Rachel began teaching upholstery at Mt. Diablo Adult Education in 2007. In 2009 she and her students found out the program was going to be cut. Confident in the demand for her instruction, Rachel developed a business plan to offer classes on her own, but she couldnt find the funding to make it a reality until applying to the Start-Up Funding Challenge.

Rachel was able to borrow $ 30,000 in order to move into a new warehouse space. I remember being on the phone with Opportunity Fund, and I was in a state of disbelief about getting the loan. I wouldnt have been able to start this without Opportunity Fund. Or we would have gone so far into debt it would have been ridiculous, said Rachel.

Entrepreneurs like Rachel will be able to apply to Opportunity Funds Start-Up Funding Challenge through March 31st. The winners will be selected by a panel of Bay Area business and philanthropy leaders, and will be announced in April. For more information, please see http://www.opportunityfund.org/startup.

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Press inquiries: Caitlin McShane, 408-512-2211 (o), 415-225-8855 (c), caitlin(at)opportunityfund(dot)org

Loan inquiries: Tim Hatfield, 408-516-4701 (o), startup2013(at)opportunityfund(dot)org

Opportunity Fund is a not-for-profit social enterprise helping thousands of California families build financial stability. Our mission is to advance the economic well-being of working people by helping them earn, save and invest in their future. Our strategy combines microloans for small businesses, microsavings accounts, and community real estate financing. Now California’s leading microfinance provider, Opportunity Fund began based on the idea that small amounts of money and financial advice could help people make permanent and lasting change to improve their own lives. Since making our first loan in 1995, our team has deployed over $ 279 million into our communities.







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Fairway America launches its newest mortgage pool and real estate asset based mutual fund, Fairway America Fund VI, LLC


Portland, Oregon (PRWEB) February 07, 2013

Fairway America, LLC (Fairway) announces the launch of its sixth and latest proprietary investment fund, Fairway America Fund VI, LLC (Fund VI). Fund VI is a nationwide investment fund focusing on small balance commercial and investment real estate loans and opportunistic real estate based assets. Fund VI will seek to leverage Fairways relationships with clients and sources from around the country created through its thriving private lending mortgage pool fund advisory and consulting practice.

Fund VIs strategy is to create a conservative and highly diversified, income producing portfolio of small balance real estate based assets with a focus on commercial and investment real estate loans. We are looking to partner with the right people who have demonstrated a clear track record of success and who have a similar philosophy and culture to our own, said Matt Burk, founder and CEO of Fairway and Chief Investment Officer of Fund VI. Competency, integrity, and transparency are extremely important to us as an investor and are the keys to success in todays highly competitive private fund world.

After having launched and managed its then largest fund and related $ 50,000,000 institutional credit facility during the 2008 financial crisis and its aftermath, Fairway spent the better part of the past two years successfully working through that funds capital structure and portfolio of assets. 2008 to 2012 was a very challenging period and we are very proud of our performance during what was by far the most difficult combination of conditions of my lifetime. It is nice to be playing some offense again. Fund VI is now actively seeking to make new investments in a measured and opportunistic fashion.

Being one of a limited number of industry players in the small private fund space to survive intact the upheaval in the real estate and capital markets during the Great Recession, Fairway successfully morphed its business model to bring its expertise, experience, and systems to other private lending industry players. Our strategy is to help other small balance operators around the country make the transition from doing deals one investor at a time to doing them in more effective and efficient capital structures said Burk. The response to our advisory and consulting practice has been overwhelming and gives us tremendous access to best-in-class operators and quality deal flow for Fund VI. We are very excited to leverage all of our experiences and lessons we have learned and incorporate them into the fabric of Fund VI.

About Fairway America

A long-time real estate lender, fund manager and boutique real estate finance advisory firm providing strategic business planning services nationwide to select private money lenders and real estate operators around the structure, architecture, and administration of proprietary 506 Reg D funds.







San Diego Introduces Innovative FIGTREE PACE Program to Help Contractors and Commercial Property Owners Fund Solar, Energy Efficiency and Water Conservation Upgrades


SAN DIEGO, CA (PRWEB) January 18, 2013

San Diego commercial property owners are gaining access to a unique financing option for money-saving renewable energy, energy efficiency and water conservation improvements this new year that can create positive cash flow from month one. Its available through an innovative Property Assessed Clean Energy (PACE) program known as FIGTREE, now being offered by the City of San Diego.

Applications are being accepted to provide commercial property owners with 100% up-front, long-term financing for energy and water efficiency building upgrades and renewable energy systems that can reduce operating costs, improve property values and provide a valuable hedge against rising energy costs for decades to come, said FIGTREE CEO Mahesh Shah.

FIGTREE arranges financing (and mortgage lender consent) for property owners by aggregating and selling the projects as municipal bonds. FIGTREE now operating in 25 jurisdictions — was the first in California to successfully initiate this new mode of financing in multiple markets. No public monies are used to support these programs.

FIGTREE finances projects ranging from $ 5000 to those in the millions of dollars (all contingent upon qualified property values). The next bond issue is slated for the first quarter of this year.

The unique properties of PACE provide solar contractors, energy efficiency and water conservation professionals with a brand-new funding vehicle to help clients realize the benefits of energy improvements without adversely impacting their credit scores or their borrowing capacity, noted SunUp Energy’s President Rick Rothman.

FIGTREEs brand of PACE financing puts the benefits of cost-cutting energy and water upgrades (and the enticing tax credits and cash rebates for which they qualify) within reach of most any property owner, said Rothman.

Rothman says that with the rich new incentives for solar water heating that are now available, 2013 will be a banner year for apartment owners, the hotel-motel industry and healthcare providers, who can see full system payback in as few as four years. From then on,” Rothman added, “all those solar savings translate into pure solar profit.”

PACE funds can be used for materials and labor costs of permanently-installed improvements that reduce a buildings use of grid-supplied energy or water. Solar photovoltaics (PV) and solar water heating; wind and geothermal; cool roofs; heating and air conditioning (HVAC); energy-efficient lighting; windows, door and elevator upgrades; boilers and chillers; water treatment and conservation improvements, fixtures, xeriscaping and electric vehicle charging stations are some of the projects eligible for financing under the program. Financing obligations for PACE improvements can be transferred to new owners if a property is sold.

PACE funding requires no minimum FICO score for property owners and no money down. Financing is based strictly on property values usually 10% of an assessed propertys value; sometimes more something that bodes well for property owners in San Diego, where real estate prices are on the rise.

FIGTREE PACE also provides for attractive off balance sheet financing for property owners that can be amortized for periods of up to 20 years as a voluntary line item on their property tax bills.

PACE is a municipal economic development tool that improves property values and puts contractors back to work while helping the City of San Diego meet its AB 32 emissions reduction goals, noted San Diego City Council President Todd Gloria. PACE improves the integrity of local building stock, creates a more sustainable San Diego and — with the savings todays energy efficiency, water efficiency and solar technologies provide — reinforces that good economic and environmental practices are not mutually exclusive. The entire region benefits, Gloria added.

FIGTREE financing is available via an assessment district established by the California Enterprise Development Authority, a joint powers authority who works in partnership with cities and counties across the state. FIGTREEs PACE program is endorsed by the California Building Industry Association, California Business Properties Association, Building Owners and Managers Association (BOMA), Region Builders, Inc. and municipal sustainability and economic development professionals throughout California.

ABOUT FIGTREE PACE: FIGTREE is a full-service, San Diego-based clean energy finance company providing breakthrough, 100% up-front off balance sheet PACE (Property Assessed Clean Energy) financing to help commercial and residential property owners improve their properties and realize the money-saving benefits of energy efficiency, renewable energy and water conservation upgrades with no money down. FIGTREE helps cities and counties create jobs, spur economic development and meet their AB 32 goals utilizing no public monies. FIGTREE is the first company in California to successfully raise private capital for commercial PACE projects via a multi-jurisdictional bond issue. Learn more by calling 1-877-577-7373 or visit us at http://www.figtreecompany.com.







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The Multi-Strategy Growth & Income Fund Declares Quarterly Dividend

San Diego, CA (PRWEB) January 08, 2013

RJL Capital Management, LLC, the San Diego-based investment adviser, announced the quarterly dividend of its interval fund?, The Multi-Strategy Growth and Income Fund (the Fund) (NASDAQ: MSFDX). The Funds board of directors declared a quarterly dividend in the amount of $ 0.1631 per share that was paid ex-dividend? on December 27, 2012, to shareholders of record as of the close of trading on December 26, 2012.

The Multi-Strategy Growth and Income Funds portfolio manager, Ray Lucia Jr., said, I am extremely pleased with the progress of the Fund. This is the third declared dividend and the second consecutive increase. Over the course of this past year, we have seen a dramatic increase to our selling group and assets under management. I look forward to the progress of the Fund in 2013 and beyond.

About the Multi-Strategy Growth and Income Fund

The Multi-Strategy Growth and Income Fund is registered as a continuously-offered closed-end interval fund which offers quarterly redemptions of up to 5% of shares outstanding. It allows investors diversification in several potential income-producing alternative strategies at a low minimum investment while providing limited liquidity.

The fund seeks a multi-strategy approach to investing by diversifying assets across various alternative investments, including Real Estate Investment Trusts (REITs), Equity Income Investments, Business Development Companies (BDCs), and Structured Notes, with the overall goal of providing a consistent quarterly distribution. However, there is no assurance that the Fund will achieve its objectives, generate profits, or avoid losses.

The Fund gives investors access to alternative income strategies that may provide greater yields and growth opportunities than traditional investment strategies. The primary objective of the Fund is a focus on current income generation. The secondary objective of the Fund is to achieve long-term growth.

The Fund intends to make a dividend distribution each quarter to its shareholders of the net investment income of the Fund after payment of the Fund operating expenses.

To learn more about the Multi-Strategy Growth and Income Fund contact Todd Dombrowski, Vice President of Business Development, RJL Capital Management, LLC (800) 644-1150 ext. 1702 or visit http://www.growthandincomefund.com

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The Funds distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in the Funds distribution rate at a future time.

Limited liquidity is provided to shareholders only through the Funds quarterly repurchase offers for up to 5% of the shares outstanding at net asset value.

Volatility is a statistical measure of the dispersion of returns for a given security or market index. Commonly, the higher the volatility, the riskier the security. Volatility is unpredictable and as a result the investments listed above are subject to market fluctuations and risks.

Closed-End Funds involve risk including the possible loss of principal. Alternative Investment Funds, ETFs, mutual funds, and closed-end funds are subject to management and other expenses which will be indirectly paid by the Fund. Issuers of debt securities may not make scheduled interest and principal payments, resulting in losses to the Fund. Typically, a rise in interest rates causes a decline in the value of fixed-income securities. Lower-quality debt securities, known as high yield or junk bonds, present greater risk than bonds of higher quality, including an increased risk of default. Non-diversification risk, as the Funds are more vulnerable to events affecting a single issuer. The use of leverage, such as borrowing money to purchase securities, will cause the Fund to incur additional expenses and magnify the Funds gains or losses.

There currently is no secondary market for the Funds shares, and the Fund expects that no secondary market will develop. Very limited liquidity is provided to shareholders only through the Funds quarterly repurchase offers. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than those in larger, more established organizations. The Fund will not invest in real estate directly, but because the Fund will concentrate its investments in securities of REITs, its portfolio will be significantly impacted by the performance of the real estate market. The sale of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Funds NAV. The value of a structured note will be influenced by time to maturity, type of note; market volatility; changes in the issuers credit quality rating; and economic, legal, political or geographic events that affect the reference index.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Multi-Strategy Growth & Income Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling (855) 601-3841 or visiting growthandincomefund.com. The prospectus should be read carefully before investing. The Multi-Strategy Growth & Income Fund is distributed by Northern Lights Distributors, LLC member FINRA. RJL Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC. 0017-NLD-1/4/2013

? Interval Fund: An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders. That is, the fund periodically offers to buy back a stated portion of its shares from shareholders. Shareholders are not required to accept these offers and sell their shares back to the fund. (Source)

? Ex-Dividend: A classification of trading shares when a declared dividend belongs to the seller rather than the buyer. A stock will be given ex-dividend status if a person has been confirmed by the company to receive the dividend payment. (Source)







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