Investment type
Stream investors lend rather than own. You hold units in a fund that makes short-term real estate loans, and your return is the interest those loans pay — at a stated rate, on a stated schedule, for a defined term.
You do not share in a building’s gain, and you are not carrying a property through construction and lease-up. The return is contractual, and it is capped at the rate.
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A stated rate is a contractual rate, not a guaranteed outcome. Stream investments are available only to accredited investors, whose status is verified before any investment is finalized.
Where the return comes from
The return is the rate the loans pay, not a share of what a property sells for. Nothing about it depends on an exit, and nothing about it rises if the asset does.
Fixed income sits at the short end of the horizon. Capital is committed for a defined term rather than for however long a building takes to stabilize and sell.
Some series lend across many borrowers so that no single loan decides the outcome. Others fund a single named borrower under one facility. Which one you are looking at is stated in the documents for that series.
Interest is paid out of borrower performance, and an investor can lose capital. Verify your accredited status →
Current investments
Fixed annual interest is a contractual rate, not a guaranteed outcome, and it is paid out of borrower performance. Each series states its own rate, term, borrower and underwriting limits in its offering documents.
Fort Lending
Lends across many borrowers on 6 to 24 month loans. Distributions are monthly, and the series states its own underwriting limits and documents.
Fort Lending
Funds a single named borrower, a Manager affiliate. Distributions are monthly, and the series states its own underwriting limits and documents.
How it is structured
What you hold
Units in a lending fund. You are a lender to the fund’s borrowers, not an owner of the real estate, and you receive interest rather than a share of a property’s gain or loss in value.
What stands behind it
The loans the fund makes are written to be secured by real estate. Your units are not. You own a claim on the fund; the fund owns the claim on the property. That gap is the risk you are paid for, and each offering’s documents state what security is actually in place.
Questions
The loans the fund makes are written to be secured by real estate. The units an investor holds are not. See the offering documents for what security is actually in place for a given series, and note that investing involves risk including the possible loss of capital.
From borrowers paying their loans. If borrowers do not pay, distributions can be reduced, delayed or stopped.
For the term of the series you invest in. Fixed income is the shortest of the three types, but it is not liquid: there is no public market for these units and an investor should plan to hold to term. The specific term and any redemption provisions are set out in the documents for each series.
Yes. Some series lend to Fort + Home affiliates, which means the same group can sit on both sides of a loan. That is a structural conflict rather than an incidental one, and there is no assurance such a loan was negotiated or underwritten at arm’s length. The documents for each series identify the borrower and describe the conflict.
It depends on the investment. Some Stream investments report an investor’s interest on a Form 1099-INT; others report on a Schedule K-1. The documents for each investment state which applies. Nothing on this page is tax advice, and tax treatment depends on an investor’s individual circumstances — consult your own tax advisor.
Verified accredited investors. Verification gates any investment.
Connect with us
A straight conversation about how the lending is written and whether fixed income fits what you are trying to do.
For accredited investors.
All three types
This page is informational and is not an offer to sell or a solicitation of an offer to buy any security. Any offer is made only through the offering documents for a specific investment, which must be read in full, including the risk factors.
Statements about horizon, structure or how a return is produced are forward-looking and describe an investment type, not a promise about any particular investment. A stated rate is a contractual rate, not an assurance that any distribution will be made.
Fort + Home affiliates act as sponsor, manager, developer, builder and, in some series, as borrower from the fund. These relationships create conflicts of interest, and there is no guarantee that a loan to an affiliate was negotiated or underwritten at arm’s length. The documents for each series identify the borrower and describe the conflict.
Private investments are speculative and illiquid. There is no public market for these interests, an investor should be prepared to hold to term, and an investor may lose some or all of the capital invested.
Nothing on this page is tax advice. Tax reporting differs by investment — some report on a Form 1099-INT and others on a Schedule K-1 — and tax treatment depends on an investor’s individual circumstances. Consult your own tax advisor.
Past performance is not an indication or guarantee of future results. Fort + Home Capital and its affiliates are not registered as broker-dealers or investment advisers.
