Bricxone Real Estate Fund, LLC

Targeted Real Estate Investment

Invest Now
View the Form C

$0

Raised

0

Investors

$500,000

Target Offering

$500.00

Minimum Investment

$5,000,000

Maximum Offering

$100.00

Unit Price

Offering Ends February 11, 2025

$0

Raised

0

Investors

$500,000

Target Offering

$500.00

Minimum Investment

$5,000,000

Maximum Offering

$100.00

Unit Price

Offering Expires February 11, 2025

The Offering:

Bricxone Real Estate Fund, LLC will pursue investments by utilizing the extensive expertise of the Fund Manager in acquiring and managing compelling multi-family and apartment assets that meet the Fund’s asset acquisition criteria. The Fund may also target certain off-market, bank owned non-performing distressed multi-family assets to achieve attractive risk-adjusted returns. The Fund will target investment opportunities in the primary target markets of Los Angeles, California, Las Vegas, Nevada and Dallas, Texas.

Terms:
Offering Type:
Crowd Funding
Security Type:
Membership Interests
Maximum Offering:
$5,000,000
Target Offering:
$500,000
Minimum Investment:
$500.00
Broker Dealer:
Texture Capital
Transfer Agent:
KoreTransfer USA LLC
Escrow Agent:
The Royalton Company, LLC
Issuance Technology:
KoreConX Inc.

Since 2009, the Fund Manager, while jointly investing capital with private investors, has successfully acquired and managed numerous, off-market & on-market, bank owned properties and executed over hundreds of real estate asset acquisition transactions including office buildings, medical, single family, multi-family properties. The Fund Manager previously managed a successful real estate focused investment fund originating from 2009. The Fund Manager believes that they can achieve compelling return, particularly on a risk-adjusted basis as conservative leverage was utilized on average across all investments within the operational model for the KIM Real Estate. Source

The Fund Manager intends to deploy a similar, non-leveraged investment methodology in Bricxone to produce superior anticipated returns for investors.

Invest Now
View the Form C

Use of Proceeds

Based on the maximum amount of $5,000,000 is raised.

50%

$2,500,000

Real Estate Acquisition

20%

$1,000,000

Rehabilitation

22.5%

$1,125,000

Operating Expenses

5%

$250,000

Rental Marketing

2.5%

$125,000

Intermediary Fees

Market Focus:

Los Angeles, California

Los Angeles has the fourth-highest concentration of people between the ages of 25 and 34 in the nation, roughly 500,000 people who are likely to be renters. Moreover, Los Angeles continues to be one of the country’s most expensive and desirable housing markets, and more than half of its residents are renters. This presents an attractive opportunity for the acquisition and reposition of distressed single family and multi-family assets targeted at the middle market tier rental unit consumer. The Fund Manager expects rental growth to be stronger in lower and middle market properties than in top-tier market communities. Affordability is a more significant challenge in Los Angeles than in most metro areas which is why the Fund will focus on low and mid market tier properties to maximize available market and absorption.Source

Las Vegas, Nevada

Las Vegas has been an increasing market for the past several years, and the city continues to attract high-paying jobs and well-educated residents. Demand for short term and mid-term rentals are extremely strong due to the city’s attractions. Demand for single-family housing has also been strong due to an increasing amount of people working from home. Source

Dallas, Texas

The local economy of Dallas area is very strong and current consensus projections have the economy expanding. According to a new report by a nonpartisan think tank affiliated with the University of North Carolina at Chapel Hill, Dallas is the fifth-fastest-growing city in the U.S. with over 97,000 people moved to the Dallas area from June 2020 to July 2021. Source

Acquisition Criteria:

  • Property Type: Multi-family and Apartment Complexes
  • Mostly class “A” and “B” properties with select “C” class property acquisitions possible
  • Deferred maintenance and rehabilitation expected on certain properties
  • Los Angeles, CA, Las Vegas, NV, and Dallas, TX are primary target markets
  • Ideal locations situated near public transportation, shopping, and employment centers
  • At least 20,000 population or greater within a 3-mile radius
  • Acquisition price less than 80% of Fair Market Value
  • Upside rent and valuation potential from asset enhancements and re-positioning
Invest Now
View the Form C

Bricxone believes that the middle tier market will experience the strongest growth over the next five years. 

About Us:

Bricxone Real Estate Fund, LLC was formed for the purpose of acquiring and managing single family, multi-family, and apartment class real estate assets. The Fund will seek to acquire and manage high quality real estate assets with the intention of providing participating investors with a real estate focused investment opportunity that combines income, principal investment growth, and elements of capital preservation. The Fund is managed by Bricxone Asset, LLC, a California company formed in 2022 that specializes in real estate asset acquisition and management. Bricxone is managed by Wonnie Kim, an experienced businessman and real estate developer with a 10 year track record in the California market.

The Team:

Wonnie Kim

Chief Executive Officer

Wonnie Kim, CEO of KIM Real Estate, started his career in real estate as a realtor assisting others purchase and sell their homes. With his entrepreneur mindset, he started understanding the investment portion of real estate and started flipping homes. With hard work, resilience, and dedication he is well known throughout Los Angeles and even more so within the Korean community. Currently, he has over 100 properties in construction, many in escrow, and is already expanding his business to other states with investors hailing from all across the United States and international investors as well.

77% OF INVESTORS WITH AT LEAST $1 MILLION IN ASSESTS OWN REAL ESTATE, ACCORDING TO A SURVEY BY THE NEW YORK-BASED INVESTMENT BANK’S WEALTH-MANAGEMENT UNIT.

rivergatere.com | ” Millionaires See Real Estate as Top Investment for 2014″ | Feb 11, 2014
Reg CF or Regulation Crowdfunding, allows companies to offer and sell up to $5 million of their securities without having to register the offering with the SEC. Crowdfunding refers to a financing method in which money is raised through soliciting relatively small individual investments or contributions from a large number of people. With Regulation Crowdfunding, the general public now has the opportunity to participate in the early capital raising activities of start-up and early-stage businesses. 
Anyone can invest in a Regulation Crowdfunding offering.  Because of the risks involved with this type of investing, however, you are limited in how much you can invest during any 12-month period in these transactions.  The limitation on how much you can invest depends on your net worth and annual income.
If you are a non-accredited investor, then the limitation on how much you can invest depends on your net worth and annual income. If either your annual income or your net worth is less than $124,000, then during any 12-month period, you can invest up to the greater of either $2,500 or 5% of the greater of your annual income or net worth. If both your annual income and your net worth are equal to or more than $124,000, then during any 12-month period, you can invest up to 10% of annual income or net worth, whichever is greater, but not to exceed $124,000. 
n individual will be considered an accredited investor, if he or she:
  • earned income that exceeded $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years, and reasonably expects the same for the current year, OR
  • has a net worth over $1 million, either alone or together with a spouse or spousal equivalent (excluding the value of the person’s primary residence and any loans secured by the residence (up to the value of the residence)), OR
  • holds certain professional certifications, designations or credentials in good standing, including a Series 7, 65 or 82 license.

Prospective investors with questions about the company or its product or the offering should submit their questions in the Discussion section of the investment website. This is a public forum where valid questions will be displayed for all to view, with responses clearly tagged with who the response is from.

Principal capital retained from the sale of assets will either be used to redeem Class A Membership Units from investors or, if the asset sale is executed prior to the planned liquidation of the Fund, may be deployed back into new asset purchases. Secondary sales of the Membership Units are permitted but at this time there are no plans to list the shares on an exchange or Alternative Trading System, and investors should be prepared to hold the securities for the duration of the fund.
Bricxone Real Estate Fund will distribute capital gains from the sale of assets to Investors.

Texture Capital Inc. is a FINRA Member broker dealer of record engaged by the issuer to act as onboarding agent for this offering. We will conduct ‘Know Your Customer’ ‘Identification’ and ‘Anti Money Laundering’ due diligence on all investors. In addition, Texture Capital conducts due diligence on the issuer to ensure that the company is a registered business in good standing, and that the principals are not considered Bad Actors. While we have conducted certain limited due diligence at the time of the offering, that due diligence does should not be perceived as an assurance nor as Texture Capital’s approval of the company or an investment therein. Texture Capital’s participation does not represent an offer or solicitation to buy the securities. Texture Capital does not make recommendations regarding asset allocation, investment strategy or with respect to purchase or sale of any specific securities.  To help you better understand Texture Capital’s services please consult our Form CRS (Customer Relationship Summary), which may can be found at www.texture.capital/crs. You may also review our BrokerCheck report on the FINRA website: https://brokercheck.finra.org/firm/summary/300853

Crowdfunding securities offerings are not registered with the SEC and are considered highly speculative. For a full discussion of the Risk Factors please refer to the Offering Memorandum / Form C.
For questions about the investment application and process please contact onboarding@texture.capital or call +1 646 979 8558 and select option 9.
Prospective investors with questions about the company or its product or the offering should submit their questions in the Discussion section of the investment website. This is a public forum where valid questions will be displayed for all to view, with responses clearly tagged with who the response is from.

There are no updates at this time.

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