The DFD Development Opportunity Fund is a fund that purchases Distressed Real Estate directly from Banks and other financial Institutions. DFD Development through its principle, David F. Damerau, President has regional banking relationships developed over a twenty-year period.
These banking relationships have created the opportunity for the firm to have “first look” at REO properties throughout the southeast US and allow our Company to make discounted purchases of properties that meet our market guidelines and proposed rates of return.
DFD Development Corp is a Florida Corporation acting as both General Partner and Investment Manager of the Fund. The Fund is set up to provide an annual return to the Limited Partners (“Investors”), and derives its return from the sale, rental and in some cases financing of the acquired properties.DFD Capital acts asthe Fund Administrator, and is run by its Investment Committee. The capacity for the initial fund is $20,000,000 and provides a preferred expected annual return to its Investors of 7% per annum to be applied towards the 50% overall profit participation.
*(please see investors term sheet Exhibit “A” for further information )
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