VonFinch
Portfolio
Canopy Creek Apartments
Canopy Creek Apartments is made up of 288 deferred-maintenance and non-upgraded units located in the Jacksonville, FL market. We were able to purchase this property off-market, leveraging the sponsor teams cash to secure the property nearly $1 Million below the matching-comparable. Construction will be executed on this project by a contractor that has worked with the sponsor team on multiple past deals. Rents will then be pushed $160-$345 on renewals to catch up to market rents. It will begin to reposition from a C class property to a B class property.
MESA VERDE APARTMENTS
This fantastic, long-term, value-add opportunity consists of 276 units.
Purchased off-market, direct from seller, who’s owned the property since 1975.
Property is below market on average $383 per month compared to renovated units and 10-15% below as-is units, leaving significant upside potential.
Property is well-located 10 miles outside of Denver in a great neighborhood surrounded by A-Class & B-Class apartments, making the rental pricing even more compelling for renters.
Estrella Apartments
Project Sources: $35,000,000
Project Timeline: 10 years
Projected Returns: Preferred return 7% / Projected IRR 18-20%
Projected Equity Multiple: 3.0x
Location: Dallas-Fort Worth, TX
Income Growth – Cashflow Value-Add
Status: Owned
This fantastic, value-add opportunity consists of 232 units, primed for upgrades.
Purchased well-below market value, we plan to increase value through renovation, professional management, and increasing income through utility bill-back using solar.
24 units are freshly renovated, which allow us to test increased rents prior to purchasing.
Increasing our confidence & decreasing our risk for the value-add strategy.
Located in the Dallas-Fort Worth area which has gained more new residents than any metropolitan area in the country, adding more than 1 million people in an eight-year period.
RISE MIDTOWN APARTMENTS
Project Sources: $71,000,000
Project Timeline: 2-3 years
Projected Returns: Preferred return 8%
Projected Equity Multiple: 1.75x
Location: Phoenix, AZ 85016
Strategy: Equity Growth – Value-Add
This fantastic, value-add opportunity consists of 200 units, primed for platinum upgrades and additional amenities.
Rise Midtown is in great physical condition The current owner has taken good care of the major capex items such as the roofs, plumbing, and electrical systems.
Located in the premium Midtown Phoenix submarket which provides excellent employment opportunities and is truly positioned for growth with its strong population and job growth.
The Retreat
Project Sources: $45,000,000
Project Timeline: 2-5 Year
Projected Returns: 7% preferred return yearly / Projected 16% IRR
Projected Equity Multiple: 1.9x
Location: Phoenix, AZ
Strategy: Value-Add Equity Growth
Status: Owned
This fantastic, value-add opportunity consists of 197 units.
Built in 1963, this property was purchased off-market, and has been owned and self-managed by the same group since the early 1990s.
The property offers a significant value-add opportunity, as 100% of the units have classic interior finishes, which we will renovate to our platinum interior program
It is nestled in between major freeway systems like the Loop 202, Loop 101 and the US-60, which allows tenants to reach major employment hubs within minutes
VonFinch Homes Portfolio
The VonFinch Homes Portfolio team purchased over 75 homes per year for 2.5 years, leading to over 200 projects purchased and exited. The team leveraged a strategic direct-to-seller sourcing strategy to consistently acquire inventory below market rates. VonFinch successfully cycled over $10 Million of investor capital across multiple projects, leading to consistent investor returns above 12% annualized.
Timber Ridge Apartments
Redevelopment of Timber Ridge Apartments will reposition this asset, by renovating all units at once, while improving the tenant base to prepare for sale by end of year three. Leveraging the sponsors extensive track record, existing relationships and direct construction management. This project is designed to cater to investors who are looking for downside protection, while maximizing overall investment return.
Hear why Investors like You keep investing with VonFinch Capital
“[I have] known Steven for about four years now, and have invested in several deals with VonFinch, which have worked out fantastic.
I've always found Steven to be a super hardworking, conscientious, diligent, takes care of any particular issues that come up on the projects.
I plan on investing in future deals with Steven and VonFinch and would recommend the same to other investors as well.”
Mike Foley
.... "I’m a full-time investor. I flipped over 1,000 houses. I have $20 million lent out to flippers in different markets around the country. We see a lot of different investors in different ways. I have to tell you that VonFinch is at the top of the list, with regard to quality and ethics and doing what they say.
Thank you very much, Steven and VonFinch. Appreciate everything you guys do. Glad to work with you guys again in the future. Thanks a lot.”
Matt Owens
“I invested in Steven Pesavento’s company. It was a positive experience, and he was very thorough in communication on the front end and all throughout the process, all the way until the exit.
We’re actually talking again on how I can invest in the projects that he’s got going on in his company. So appreciate you, Steven, everything you’re doing, look forward to working with you again soon.”
Chris Bounds
Meet The Team
Behind VonFinch Capital
Steven Pesavento
President, Founder of VonFinch Capital
Steven Pesavento is a real estate entrepreneur and Managing Partner of VonFinch Capital. Investing full time since 2016, he’s completed over 200 transactions, renovated nearly 100 houses and transacted over $26,000,000 in residential investment real estate. Steven’s investors have entrusted him with over $11 million of investor capital, delivering solid consistent returns.
A former Management Consultant for some of the Fortune 500’s top companies, he brings his years of process improvement, marketing and sales experiences to every project. Steven graduated with honors from prestigious St. John’s University in 2011 and is active in multiple charities including working with youth teaching business with Junior Achievement.
Jamie
Executive Assistant
Jamie brings together decades of organizational experience to effectively manage projects and ensure no detail is left behind.
Jamie helps support VonFinch’s investors throughout the process and provides support to upper management.
Terrance Doyle
Management Partner
Terrance has directed the growth of VareCo’s Denver & Des Moines portfolios through 1,000+ real estate transactions and its current AUM of more than $80M. Terrance’s operational team delivers value through exceptional construction, lending, and brokerage relationships that lead to exceptional returns.
Benjamin Inman
Management Partner
Benjamin brings a 20-year history overseeing repositioning efforts prior to founding Inman Equities. Since, he’s purchased and managed approximately 3,200+ apartment units in 11 markets across the South East & Midwest including in North Carolina, Tennessee, Georgia and Florida.
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