Predictable monthly income, backed by real assets.
Here's the overview. Everything below explains exactly how the F Street Private Debt Fund works — how the return is generated, how your capital is protected, and how to get started.
You're on the list. Mitch is calling.
No need to do anything else — the request is in. Read on below while you wait, or get a head start.
Real loans. Real interest. No market timing.
F Street is a hard-money lender. The targeted ~10% comes from the interest borrowers pay us — not from property prices, and not from guessing the market.
We lend. We don't speculate.
F Street originates short-term, first-lien commercial real estate loans. Borrowers come to us for speed and certainty when a bank is too slow — and they pay for it, at rates well above what the fund distributes.
Where your return lives.
Borrowers pay meaningfully more than 10%. That spread covers operating costs and loan-loss reserves, and funds the targeted 10% paid to investors each month. Returns are targeted, not guaranteed.
Independent of the index.
Your return is contractual interest on real loans, secured by real property — not appreciation, not dividends, and not which way the market moved this quarter.
Secured. Conservative. Diversified.
Every loan carries risk. Here's specifically how the fund is built to manage it — and what happens when a borrower falls behind.
Secured by real property.
Every loan is backed by physical real estate in first-lien position — F Street is first in line to recover if a loan defaults.
An equity cushion on every loan.
We lend well below a property's value, so the borrower's own equity absorbs the first losses before investor capital is ever exposed.
Many loans, not one bet.
Your capital is pooled across the entire loan book — across geographies, asset types, and borrowers — so no single loan can sink the return.
We manage our own risk.
F Street underwrites and services every loan internally. No outsourced servicer, and no outsourced judgment when a loan needs attention.
F Street works the loan directly and, where necessary, recovers against the first-lien collateral. Loan-loss reserves are set aside for exactly this. All lending carries risk of loss; returns are targeted, not guaranteed.
A target 10%, next to the alternatives.
The honest trade-off against where your money might sit today. The fund's edge is a steadier, contractual return; the cost is a 12-month hold instead of daily liquidity.
Liquid, but a few percent.
Savings is fully liquid and low-risk, at a few percent. The fund targets ~10% in exchange for a one-year hold.
Rate and duration risk, priced daily.
Bond prices move with rates and duration. The fund's rate is contractual on short-term loans, not marked to the market.
Same exposure, without the swings.
A REIT gives you real-estate exposure and the daily price swings. The fund is a debt position, not equity — you don't ride the ticker.
Consistency over lottery tickets.
Equities offer upside and drawdowns. The fund trades that volatility for a steady monthly distribution. Targeted, not guaranteed.
Income, compounding, or ballast.
However your capital is positioned, the same fund flexes three ways — and you can switch between them.
Take the distribution.
Receive your ~10% annualized interest paid monthly to your bank — predictable cash flow you can plan around.
Reinvest and grow.
Roll each distribution back into principal at the same rate. On a $100K investment, that's roughly +29% more over five years versus taking the cash.
Ballast for the rest.
A debt position that isn't marked to the market daily — a steadier counterweight beside your equities and other holdings.
You're accredited. Here's what's next.
Two steps: verify your status in the portal, then subscribe to the fund. It takes minutes to begin — and the full details are below.
Verify status
Confirm your accredited investor status through the secure portal. Free, about five minutes.
Subscribe
Sign the promissory note and fund your subscription ($50K minimum). Reviewed and accepted within days.
A word on accreditation standards.
The F Street Private Debt Fund is offered under Reg D 506(c) and is open only to accredited investors.
Generally, you may qualify if you have income over $200,000 (or $300,000 with a spouse or partner) in each of the last two years with the same expected this year, a net worth over $1 million excluding your primary residence, or you hold certain professional licenses (for example, Series 7, 65, or 82). This is a summary, not a complete legal definition.
If your situation changes, you're welcome back any time.
Invest through a Self-Directed IRA or 401(k).
Retirement funds can be invested in the fund through a self-directed account. F Street works with self-directed custodians — including Equity Trust — to make setup straightforward.
Your retirement dollars, deployed.
A Self-Directed IRA or Solo 401(k) lets you hold the fund's promissory note inside a tax-advantaged wrapper, so interest can compound without an annual tax drag.
A custodian we work with.
If you don't have a self-directed account yet, Equity Trust can establish one. [Equity Trust contact — to be confirmed.]
A 10% target APY
backed by real assets.
The F Street Private Debt Fund pays monthly distributions on a portfolio of first-lien commercial real estate loans. Launched in 2009. Never missed a payment.
Four steps from capital deployed to monthly income.
F Street originates first-lien commercial real estate loans across the country. You earn a fixed 10% annualized return on your investment, paid monthly, secured by the underlying portfolio.
Get Accredited
Verify your accredited investor status through our secure portal. Free. Five minutes. No commitment.
Subscribe to the Fund
Sign the promissory note and wire your investment. $50K minimum. Subscription is reviewed and accepted within days.
Earn Monthly Interest
Receive 10% annualized interest paid monthly. Take it as cash, or reinvest for compounding gains — your call.
Renew or Redeem
After the 1-year hold, redeem your principal or continue with F Street. Most of our investors renew.
Compound your distributions for 29% more over five years.
In June 2024, we added the option to automatically reinvest your monthly distribution into your principal balance. Same fund. Same security. Substantially larger ending balance.
- + Reinvest monthly distributions at the same 10% rate
- + Switch between cash distributions and compounding any time
- + Ideal for retirement accounts and long-horizon capital
A 17-year track record. Hundreds of investors. Zero missed payments.
First-lien collateral.
Every loan in the portfolio is secured by physical real estate as first-lien collateral. We underwrite with the same discipline we apply to our own balance sheet.
Sourced, underwritten, serviced.
F Street Investments originates, underwrites, and services every loan in-house. No third-party servicer. No outsourced risk management.
Portfolio of loans, not a single deal.
Your capital is pooled across the entire loan book — geographic, asset-class, and borrower diversification reduces single-loan exposure.
Monthly statements. Real people.
You'll receive a monthly investor statement and have direct access to F Street's investor relations team for questions about your investment.
Common questions.
Who can invest in the Private Debt Fund?
How is the 10% return generated?
What's the minimum and how long is my money locked up?
How are distributions paid?
Is this an equity investment in F Street?
Can I invest through a retirement account (IRA, Solo 401(k))?
What about taxes?
Earn 10% interest, paid monthly.
Get accredited, subscribe to the fund, and start receiving distributions. Our investor relations team is available to walk you through the process.
The F Street Private Debt Fund is offered exclusively to accredited investors as defined under SEC Rule 501(a) of Regulation D and pursuant to Rule 506(c). All returns are targeted and historical; past performance is not indicative of future results and is not a guarantee of future returns. All investments involve risk, including the potential loss of principal. This page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offering will be made only through formal offering documents, including the offering memorandum, subscription agreement, and promissory note, which contain a complete description of the terms, conditions, and risks of the investment. Prospective investors should carefully review such offering documents and consult their own legal, tax, and financial advisors before making any investment decision.