Stream Investment Tier — Fixed Income

Stream Investments

Fixed-income exposure backed by tangible real estate through Fort + Home's vertically integrated platform. Stream deploys capital into private credit secured by hard assets — paying 10–12% annual interest, distributed monthly, with terms from 6 to 36 months.

Stream offerings are conducted under Rule 506(c) of Regulation D and are available to verified accredited investors only. Verification is required prior to admission.

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The Stream Strategy

Fixed Income Backed by Real Assets

Stream is Fort + Home's fixed-income tier — private credit secured by hard real estate assets, delivering predictable monthly income.

The Fixed-Income Approach

Stream is Fort + Home's private credit investment tier, designed for investors who prioritize predictable, contractual income. Unlike the Alpine tier, which provides equity ownership and appreciation, Stream positions investors as lenders — earning fixed annual interest secured by hard real estate assets.

Every Stream offering deploys capital into real-estate-secured debt within Fort + Home's vertically integrated ecosystem. Investors bypass traditional banking friction and move capital directly into asset-backed projects that Fort + Home controls — from bridge loans to manufacturing credit facilities.

Stream focuses on short-to-medium-term fixed-income with monthly distributions, zero investor fees, and the stability of hard-asset collateral. The Stream tier is designed to grow as new funds and credit strategies are developed.

Stream Tier Overview

Investment Type Private Credit — Debt

Regulation Rule 506(c)

Returns 10–12% Fixed Annual

Distributions Monthly

Term Range 6–36 Months

Collateral Hard Real Estate Assets

Investor-Paid Fees None

Tax Treatment K-1

Investment Thesis

Three Pillars of Stream

Stream is built on three principles that define Fort + Home's approach to private credit — predictable income, hard-asset security, and zero investor fees.

Contractual Income

Stream returns are fixed by contract — not subject to market fluctuation, occupancy rates, or exit timing. Investors earn a stated annual rate paid monthly, backed by the borrower's obligation and underlying collateral.

Hard-Asset Security

Every loan is collateralized by physical real estate assets — land, housing projects, first-position liens, modular units, equipment, and receivables. Underwritten at conservative loan-to-value ratios to protect investor capital.

III

Zero Investor Fees

No management fees, no platform fees, no performance fees charged to investors. The 1% origination and 2% management fees are paid entirely by the borrower — keeping the full stated return in investors' hands.

Current Funds

Stream Funds

Each Stream fund is a pooled private credit vehicle deploying capital into real-estate-secured debt. The Stream platform is designed to grow as new credit strategies are developed.

Active Fund

Fort Lending Debt Fund

Pooled Private Credit · Fort Lending Debt Fund, LLC

A pooled private credit vehicle that deploys capital into short-term, real-estate-secured debt — including bridge loans, stabilization financing, and pre-construction loans — all backed by physical housing assets that Fort + Home controls. The fund offers two allocation options, each with its own risk profile and return target.

Issuer Fort Lending Debt Fund, LLC

Returns 10–12% Fixed Annual

Raise Target $25,000,000

Allocations 2 Active

Distributions Monthly

Investor-Paid Fees None

$25M Combined Raise Target

View Allocations

Offered pursuant to Rule 506(c) of Regulation D. Investment is available only to verified accredited investors. All investments involve risk, including the possible loss of capital.

Fort Lending Debt Fund — Allocations

Two Pathways to Fixed Income

The Fort Lending Debt Fund offers two allocation options — each with its own risk profile, return target, and use of proceeds.

Stream Series 10

Income Series 10

Fixed Income · Fort Lending Debt Fund, LLC

General real-estate secured debt generating fixed annual returns. Capital is deployed into short-term bridge, stabilization, and pre-construction loans secured by housing assets. Underlying loans typically range from 6–24 months. Ideal for investors seeking broad exposure to stabilized bridge financing with predictable monthly income.

10%

Fixed Annual

$50K

Minimum

6–36 Mo

Term

$5M Raise Target

Request Access

Fort Homes Note

Fort Homes Income Note

Revolving Credit Facility · Fort Lending Debt Fund, LLC

A revolving credit facility funding Fort + Home's modular construction operations. Capital is deployed directly into offsite manufacturing — SIP-built homes from studios to 8-BR units. Collateralized by modular units in progress, facility equipment, and accounts receivable. Higher yield for vertically integrated debt.

12%

Fixed Annual

$50K

Minimum

36 Mo

Revolving Term

$3M Raise Target · Revolving

Request Access

Each allocation is governed by its Deal Memo and the Fund Documents. Offering terms are subject to the fund documents. Participation requires verified accredited investor status and approval through the fund process.

Return Calculator

See Your Capital at Work

Adjust the investment amount and time horizon. Toggle reinvestment to compare simple vs. compound returns across both allocations.

Investment Amount

$100,000

$50K$500K

Investment Period

3 Years

1 Yr10 Yrs

Reinvest Off

Stream Series 10 (10%)

Fort Homes Note (12%)

Principal

Stream Series 10 — 10% Fixed

$130,000

+$30,000 total income

Monthly Distribution$833

Annual Income$10,000

APR10.00%

TermUp to 36 Months

Early RedemptionManager-Discretionary

Fort Homes Income Note — 12% Fixed

$136,000

+$36,000 total income

Monthly Distribution$1,000

Annual Income$12,000

APR12.00%

StructureRevolving Credit Facility

Capital ReturnBalloon at Month 36

Returns shown are illustrative projections based on the stated fixed rates in the offering materials. The note term is 36 months; projections beyond 36 months assume capital is re-deployed at the same rate, which is not guaranteed. "Reinvest" assumes monthly distributions are re-deployed at the same rate, compounded monthly. Actual results may vary. Review the PPM for complete risk factors.

Why Stream

The Fort + Home Advantage

Unlike marketplace platforms that connect investors to third-party sponsors, Fort + Home is the sponsor, developer, manufacturer, and manager. Your capital stays within a vertically integrated ecosystem.

Asset-Backed Security

Every loan is collateralized by hard real estate assets — land, housing projects, and receivables tied to physical property. Underwritten at 75% LTV or below.

Zero Investor Fees

No management fees, no platform fees, no performance fees charged to investors. The 1% origination and 2% management fees are paid by the borrower.

Monthly Cash Flow

Distributions are paid monthly — not quarterly, not at exit. Predictable income you can count on or reinvest for compounding returns up to 12.68% APY.

Vertically Integrated

Fort + Home controls the entire lifecycle — from capital deployment to construction to asset management. No third-party sponsor risk, no marketplace friction.

How to Invest

A Clear Path Forward

Accredited investors can participate through a straightforward, compliance-first process.

Explore

Review the Stream strategy, fund structure, and allocation options on this page. Compare Series 10 and Fort Homes Income Note.

Connect

Schedule a one-on-one with our investor relations team. We'll answer questions and walk you through the relevant Deal Memo.

Verify

Complete accredited investor verification. As a 506(c) offering, third-party verification is required before admission to the fund.

Invest

Once verified, access the AppFolio investor portal to review documents, execute your subscription, and begin earning monthly distributions.

Frequently Asked Questions

Common Questions

Stream is Fort + Home's fixed-income investment tier, focused on private credit backed by hard real estate assets. Stream investors are lenders — earning contractual, fixed annual interest paid monthly. Unlike equity tiers like Alpine, Stream prioritizes predictable income over appreciation.

The Fort Lending Debt Fund (FLDF) is the current active fund within the Stream tier. It is a pooled private credit vehicle managed by Fort + Home Capital that deploys capital into short-term, real-estate-secured debt — including bridge loans, stabilization financing, and pre-construction loans — all backed by physical housing assets that Fort + Home controls.

Stream Series 10 offers a 10% fixed annual return through diversified real-estate secured debt with a term of up to 36 months and manager-discretionary early redemption. The underlying loans typically range from 6–24 months. The Fort Homes Income Note offers a 12% fixed annual return through a revolving credit facility that funds Fort + Home's modular manufacturing operations, with a 36-month term and balloon principal repayment at maturity. Both pay monthly distributions and are issued through the Fort Lending Debt Fund.

Stream offerings are conducted under Rule 506(c) of Regulation D and are available exclusively to verified accredited investors. Accredited investor status must be verified through a third-party process before you can be admitted to the fund. Self-certification is not sufficient.

Both the Stream Series 10 and the Fort Homes Income Note have a $50,000 minimum investment. Additional investments above the minimum may be made in accordance with the fund documents.

For Series 10, all loans are collateralized by hard real estate assets — including land, housing projects, first-position liens, and receivables tied to physical property, supplemented by modular units, equipment, and UCC filings. Loans are underwritten at a maximum of 75% loan-to-value (LTV) and 85% loan-to-cost (LTC). For the Fort Homes Income Note, the revolving credit facility is secured by Fort Homes' modular units in progress, facility equipment, and accounts receivable.

No. The 1% origination fee and 2% management fee are paid by the borrower, not the investor. There are no platform fees, management fees, or performance fees charged to Stream investors.

Yes. Stream allocations are eligible for self-directed IRA, Solo 401(k), and other retirement account structures. Consult your tax advisor for guidance on your specific situation.

For Series 10, the Manager intends to liquidate the allocation after approximately 36 months. Investors receive repayment of principal with the option to reinvest. Early redemption requests may be considered at the Manager's discretion. For the Fort Homes Income Note, investor capital is returned via balloon repayment at Month 36 through refinancing of the facility and receivables.

This page is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy securities. Any offer or sale of securities will be made only pursuant to definitive offering documents provided to qualified investors. This investment is offered pursuant to Rule 506(c) of Regulation D and is available to verified accredited investors only. All investments involve risk, including the possible loss of capital. Fixed interest rates are based on contractual loan terms; however, all investments involve risk, including potential loss of principal. Past performance is not indicative of future results. The illustrative return examples on this page are based on target returns from offering materials and are for illustrative purposes only. Actual investment performance will vary. Investors should review the applicable Private Placement Memorandum, Operating Agreement, and Subscription Agreement for complete details, including risk factors.