Income Type:Income & Growth
Target Return:12% - 16%
- Inception Date: 10/30/2015
- Net Return Since Inception: 29.8%
- Maximum Offering: $100,000,000
- Assets Under Management (AUM): $8,900,000 (as of 12/31/16)
- Distribution Frequency: Monthly
- Management Fee: 1.5%
- Preferred Return: 10%
- Profit Split: 50/50 investors/manager (after pref)
- Max Debt Ratio: 30%
- Target Debt Ratio: 10%
- Audit Requirement: Yes
- Fund Administrator: Fairway America
- Securities Counsel: Ater Wynne
- Accounting Firm: Spiegel Accountancy
Voyager Pacific Capital ManagementVancouver, WA
Voyager Pacific acquires a highly diversified portfolio of real estate assets, including tax lien certificates, vacant land and rental homes. This provides investors a high degree of geographic diversification, reduced risk by allocating capital across multiple asset classes, and provides steady, reliable cash flow from a variety of exit strategies.
Voyager Pacific Capital Management and its affiliates have successfully orchestrated the acquisition, servicing, and disposition of over 11,000 parcels of raw land over the past 20 years. The management of the assets in this Fund will be very similar in many ways to the methods utilized in the operations of these related entities.
Stephen Seal, CEO
Stephen is Founder and CEO of Voyager Pacific Capital Management, LLC. He has a very diverse real estate background, including the rehabbing and subsequent sale of single family homes, ownership and management of multi-tenant commercial properties, ownership and management of single family rental homes, and management of hundreds of apartment units. His specialty, however, is the acquisition, disposition, and financing of vacant land.
Starting from scratch in 1997, Stephen founded and still owns Radius Management. Started as a very small land investment company, selling land only in the State of Oregon, Stephen’s leadership and strong vision allowed Radius to capitalize on the explosive growth period of the early 2000’s, and grew it to become the largest online retailer of land in the United States. Since then, and despite the recent recession and real estate downturn, he has purchased and sold over 6,800 properties in 30 states.
Having earned the rank of Eagle Scout, at an early age Stephen acquired the tools and skills needed for effective leadership. A lifetime learner and highly sought after coach and mentor, Stephen has mentored many entrepreneurs and real estate investors. One of the keys to Stephen’s success has been his strong belief in the implementation and reliance upon business systems. Stephen has also successfully utilized coaches, mentors, and peer groups to aid his professional growth, including Strategic Coach, E-Myth Mastery, and Entrepreneur’s Organization (“EO”).
Stephen is 40 years old and in excellent health.
Sarah Pearson, COO
Sarah holds a Bachelor of Arts in Education from Western Oregon University and been actively involved in the niche real estate industry since 2004, with a primary focus on vacant land. As Voyager’s Chief Operations Officer, she is largely responsible for strategy implementation and the leadership and coordination of the staff and day to day operations. She has been extensively trained in leadership, accounting, business systems creation and implementation, custom software development, land acquisition and disposition strategies, and internet marketing.
Sarah led a complete overhaul of land acquisition strategies after the real estate market crash in 2008. She guided our staff of research experts through a series of strategic planning sessions to identify the changes required, and she outlined the specifications for a highly specialized, custom, software application.
Over the past nine years, Sarah has been pursuing all opportunities for professional growth. She has had a long-term business coach, specializing in creating efficient systems. She worked with her coach specifically on business development and strategy as well as documenting business systems and employee development. She is also active in a monthly EO executive forum. EO is the world’s most influential community of entrepreneurs. Members of her forum are all high level executives of EO member companies. Sarah has also had two personalized multi-week training sessions with one of the most respected niche real estate CPA’s in the country.
Being passionate and driven from a young age, Sarah draws parallels from her background as an athlete to her career as a business executive. She has intense focus and a drive to win. Her natural follow-through and organization skills have given her a proven track record. After taking over the land acquisition team, she became responsible for our loan management and accounting and then ultimately our sales and marketing. Sarah has been mentored by and worked closely with Stephen for the last five years.
Sarah is 32 years old and in excellent health.
Matthew Seal, Senior Underwriter
Matt began his working career in the construction industry, building homes and later constructing large commercial properties. With that background Matt developed his attention to detail while meeting tight deadlines. In 2004, Matt made the transition into the real estate industry, working as an on-site researcher. He spent years physically viewing vacant land parcels in remote parts of the US, before moving into a position where he could exercise his extensive field knowledge to impact the quality of the properties being purchased. With his in-the-field experience, Matt established a keen eye for the ideal investment.
Matt is Voyager Pacific’s Senior Lien Underwriter, with a special emphasis on land use and property characteristics, and he has an intimate understanding of legal descriptions and mapping theory. He is an expert in the use of mapping software, and using these tools, he can identify the boundaries of a specific property in conjunction with satellite imagery, topographical tools, and other online resources. Using these innovative skills, Matt and his purchasing team have developed a detailed property characteristics system which highlights the positives and negatives of an individual land parcel.