BLF FUND III
BLF Fund III is a private credit fund of collateralized notes that finances land for the nations premier homebuilder.
Backed by land. Secured by land.
BLF HISTORICAL PERFORMANCE
year history
deals closed to date
full-cycle deals
US$
million
IN DEALS
More than
Thousand
lots
Repayment Record
OFFERING SUMMARY
Offering Type
Private Placement, Regulation D, Rule 506(c)
Suitability
Accredited Investors Only
Total Raise
$250 million in notes, expandable to $400 million
Investment Distributions
Quarterly
Automatice Reinvestment
Principal returned by homebuilders is reinvested into new land deals across all investor accounts. Reinvestment begins 9 months after $1M in subscriptions and continues for 24 months.
Management Fee
##
Fixed Rate Return
11.5%
Waterfall
80/20 after principal repayment and preferred returns
CORPORATE LOAN COMPARISON
- Walton’s 11.5% fixed rate return is at the upper end of private credit strategies, especially when compared to traditional corporate loans.
- Unlike high-yield bonds or BDCs, BLF Fund III is not publicly traded, and it’s structured around land-secured lending in real estate development.
- Walton’s collateral structure (land + entitlement phase exposure) differentiates it from general unsecured or even secured corporate debt.
BENEFITS OF BLF III
