VonFinch

Portfolio

Canopy Creek Apartments

Project Sources: $33,134,622
Project Timeline: 5 Years
Projected Returns: 8% preferred return yearly / Projected 18% IRR
Projected Equity Multiple: 1.9
Location: Jacksonsville, Florida
Strategy: Value-Add
Status: Owned

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.

Canopy Creek Header
Mesa Verde

MESA VERDE APARTMENTS

Project Sources: $12,800,000
Project Timeline: 5 Years
Projected Returns: 12% Annualized Prefered Return
Investor Type: Conservative Cash-Flow
Location: Columbus, OH
Strategy: Stabilized Value-Add
Status: Funded-Pending-Close

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.

Estrella Apartments
Rise Midtown Apartments

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

The Retreat

VonFinch Homes Portfolio

Project Sources: $28,000,000+
Project Timeline: 3 Years
Location: Raleigh, NC & Minnaepolis MN
Strategy: Residential Fix-n-Flip, Development, New Construction 
Status: Full Portfolio Exited

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

Project Sources: $5,860,000
Project Timeline: 3 Years
Projected Returns: 20% IRR // 25.79% Annual
Projected Equity Multiple: 1.7 (3 Year)
Location: Denver, CO
Strategy: Redevelopment
Status: Owned

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

Watch Mike Interview

“[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

Matt

.... "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

Chris

“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

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

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

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.

As Featured On

Bigger Pockets Podcast
Best Real Estate Investing Advice
FLIP TALK with DON Costa
HGTV

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