US Capital Launches $250M Texas-Focused Real Estate Fund in Partnership with Noble Capital Group
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Newly launched private investment fund aims to offer accredited investors consistent returns through senior secured, first-lien mortgages on residential real estate in Texas.
SAN FRANCISCO, FEBRUARY 2017 – US Capital Partners Inc. is pleased to announce the launch of the US Capital / Noble Capital Texas Real Estate Income Fund, LP (the “Fund”), in partnership with Noble Capital Group (“Noble Capital”). US Capital Investment Management, LLC will serve as the General Partner of the Fund, and will leverage Noble Capital’s extensive experience and track record in the Texas market to originate and service investment opportunities.
For over 10 years, Noble Capital has successfully operated a number of real estate and real estate service companies in Texas. In this partnership, Noble Capital will be responsible for all aspects of the small balance real estate lending business, including originations, structuring, servicing, disposition, and work-out. Founded in 2002 and based in Austin, Noble Capital has grown to become a leading private moneylender in the Texas single-family real estate market.
“We have been developing our lending platform in the Texas market for years, and we are excited to be working with such an experienced firm like US Capital Partners in order to expand our lending capabilities within the State,” said Chris Ragland, Chief Operating Officer at Noble Capital. “The Fund will allow our sales team to close loans expeditiously, and our construction control and quality monitoring teams to provide draws to our clients in a timely manner, a critical requirement in our marketplace.”
“We are delighted to be adding this important income-generating real estate fund to our expanding family of private investment funds and vehicles,” said Jeffrey Sweeney, Founder and Managing Partner of US Capital Investment Management, LLC and Chairman and CEO of US Capital Partners Inc. “The opportunity to participate in the US Capital / Noble Capital Texas Real Estate Income Fund is now open to eligible investors through our digital investment platform, available at www.uscgs.com, as well as TD Ameritrade, E*TRADE, and State Street trading platforms shortly.
About the Fund
The investment objective of US Capital / Noble Capital Texas Real Estate Income Fund, LP is to preserve principal, provide current income with an 8.25% hurdle rate, and achieve consistent returns primarily through senior secured first-lien mortgages, to small business residential real estate developers to acquire, renovate, or construct single-family residential homes. The Fund will invest primarily in the Texas market, focusing on core markets such as Austin, Houston, San Antonio, and Dallas/Fort Worth. US Capital Investment Management, LLC, the General Partner of the Fund, will leverage Noble Capital’s existing platform of integrated real estate companies to originate, structure and service the investments.
About the General Partner
US Capital Investment Management, LLC was founded by Jeffrey Sweeney as an alternative asset manager that leverages a significant track-record of successful fund management and of debt and equity investments in small and medium-sized businesses. The firm offers both independent investors and institutional investors an opportunity to invest in a variety of carefully managed funds designed to be appropriate for the different risk tolerances and investment objectives of accredited investors.