Stream 10 · Project Spotlight

Trails End
30 Homes. Real Impact. 10% Return.

Bridge capital funding the completion of 30 attainable, factory-built homes for working families in Grand Junction, Colorado.

651 Highway 50, Grand Junction, CO 81503  ·  2 Acres  ·  Mesa County

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Aerial / Site Photo
Foundation Work
Factory Interior
Home in Production
$3M
Raise Target
10%
Annual Interest
9–18
Month Term
30
Homes
2 Ac
Site Size
$0
Investor Fees
Investment at a Glance
Project-level bridge capital deployed directly into Trails End construction. Every dollar funds home building.
Raise Target$3,000,000
Investor Return10% Annual Interest
Expected Term9–18 Months
StructureSecured Bridge Loan into Project Entity
Collateral30 Single-Family Homes + 2-Acre Site
Primary ExitFWT Construction Loan Close (April 2026)
Secondary ExitHome Sale Proceeds
Capital Deployed$938,576 (Current FLDF Exposure)
Location651 Highway 50, Grand Junction, CO 81503
Unit Count30 Single-Family Residences

No management fees, no acquisition fees, no administrative overhead deducted from investor capital. Every dollar raised through Stream 10 is deployed directly into the Trails End project. Funds flow immediately into construction activity.

Parent Fund: Stream Income Series 10
Trails End is the flagship project loan within the Stream 10 allocation of the Fort Lending Debt Fund. Investors participate as members of the Debt Fund and receive pro-rata interest distributions.

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The Opportunity
Grand Junction and Mesa County face a severe shortage of attainable housing. Trails End is purpose-built to address this gap.

Workforce Housing Crisis

Working families — teachers, first responders, healthcare workers, tradespeople — are being priced out of homeownership as existing inventory tightens and new construction fails to keep pace with demand. Homes priced below $300,000 are virtually nonexistent in the Grand Junction market.

Factory Innovation

Fort + Home builds homes using Structural Insulated Panels (SIPs) inside a controlled factory environment. Factory-built homes are produced in weeks rather than months, at lower cost and higher quality than traditional stick-built construction. The factory employs local workers in Grand Junction.

Sustainability Built In

SIP construction delivers superior insulation, tighter building envelopes, and lower energy costs for homeowners. Factory production reduces material waste. Every home is solar-ready and EV-ready per Colorado's model energy code.

Local Economic Impact

Every dollar deployed creates local employment. Factory workers building the homes. Subcontractors installing plumbing, electrical, and HVAC. Site crews doing excavation, concrete, and utility work. This capital circulates through the Grand Junction economy.

Project Progress
Trails End is not a concept on paper. It is a project in active construction with real physical progress.

Land Acquired

2 acres owned at 651 Highway 50, Grand Junction, Colorado.

Entitlements Complete

All permits approved. Planning clearance complete. Building permits issued.

Site Work Done

Foundations poured, utilities installed — water, sewer, electrical, gas service. Site grading complete.

Factory Operational

Production facility at 3199 D Road, Grand Junction. Units in various stages of production.

Construction Loan in Underwriting

$5.75M construction loan from First Western Trust in active underwriting. Appraisal due March 17, 2026. Target close April 2026.

Site Overview
Foundations
Factory Floor
Home in Production
Use of Funds
Every dollar raised through Stream 10 is deployed directly into the Trails End project.
Category Amount Priority
Factory Production — SIP panels, floor cassettes, roof lumber, assembly materials, MEP subcontractors $1,200,000 Immediate
Site Construction — Horizontal work, foundation completion, utility connections $600,000 Immediate
Carpenter & Trade Labor — Factory and on-site assembly crews $400,000 Ongoing
Carrying Costs — Existing debt service ($15,321/mo), property tax, insurance, utilities $250,000 Ongoing
Contingency & Liquidity Buffer — 5% overrun protection + 60-day reserve $350,000 Reserve
FWT Loan Closing Costs — Bridge for deposit, origination, and closing timing gap $200,000 At Close
Total Raise Target $3,000,000
Zero investor fees. No management fees, acquisition fees, or administrative overhead charges are deducted from investor capital. Funds flow immediately into construction activity.
Capital Stack
Dual-lane funding strategy: FWT construction loan provides long-term project funding; Stream 10 bridges the gap.
Project Sources
FWT Construction Loan (Committed) $5,750,000
Less: First Bank of Wyoming Payoff ($1,040,498)
Less: Origination Fee (1%) ($57,500)
Less: Deposit Hold (10%) ($575,000)
Net FWT Available for Construction $4,077,002
FLDF Stream 10 — Current Balance $938,576
FLDF Stream 10 — This Offering $3,000,000
Equity Invested (Fort 5 + Fort 6) $2,118,922
Cash on Hand $29,227
Fire Insurance Recovery $257,073
Project Uses (Total Projected Cost)
Total Construction Budget (JobTread) $7,951,452
FWT Origination Fee $57,500
Holding Costs (Tax, Insurance, Utilities) $74,322
Interest Reserve (FWT Carry) $593,165
FLDF Interest Carry (12 Months) $112,629
Total Projected Project Cost $8,789,068
Funding Gap Analysis
Total Remaining Cost to Fund $6,416,109
Less: Net FWT Available ($4,077,002)
Less: Cash on Hand ($29,227)
Additional FLDF / Stream 10 Required $2,309,880
Contingency & Buffer (to $3M target) $690,120
Total Stream 10 Raise $3,000,000
Exit Strategy
The investment is structured with a clear, multi-layer repayment pathway.
Primary Exit

Construction Loan Close

First Western Trust is actively underwriting a $5.75M construction loan. Once closed, initial draw proceeds begin repaying FLDF bridge capital. Target close: April 2026 — potentially as early as 9 months from investment date.

Secondary Exit

Home Sale Proceeds

As homes are completed and sold, sale proceeds flow back into the project waterfall. After senior debt service, FLDF bridge loans are repaid from net sale proceeds. 30 homes with strong local demand support full repayment within 18 months.

Additional Source

Land Sale to Unrein Family

The exit strategy includes the potential sale of remaining land parcels to the Unrein family, providing an additional source of liquidity independent of individual home sales.

This is bridge capital, not a long-term hold. The 9–18 month term reflects the construction timeline: homes are actively being built, site work is underway, and the permanent construction loan is weeks from closing.

Sensitivity Analysis
The $3M raise target includes buffer beyond the base case funding gap. The capital structure holds under stress.
Scenario Add'l Cost Total Cost Funding Gap Buffer vs Raise
Base Case $0 $8.79M $2.31M $690K
5% Cost Overrun $439K $9.23M $2.75M $251K
10% Cost Overrun $879K $9.67M $3.19M ($189K)
60-Day Delay $65K $8.85M $2.37M $625K
10% Overrun + 60-Day $944K $9.73M $3.25M ($254K)
In the most extreme combined scenario, the gap is approximately $250K — a manageable amount covered by the fire insurance settlement ($257K) already received and additional equity capacity. The project does not break under realistic stress.
Project Timeline
From capital raise to full exit — a clear path with defined milestones.
March 2026

Stream 10 Raise

Capital raise active. Every dollar in now accelerates production.

March 17, 2026

FWT Appraisal

Bank-ordered appraisal for construction loan underwriting.

April 2026

FWT Loan Close

Construction loan closes. Draw-funded execution begins.

Q2 2026

First Homes Complete

Initial units complete and ready for sale or occupancy.

Q2–Q3 2026

Production Ramp

Factory at full capacity. Multiple homes per month.

Q3 2026

First Home Sales

Sales proceeds begin flowing. FLDF repayment starts.

Q4 2026–Q1 2027

Project Stabilization

Majority of homes sold. FLDF fully repaid.

By Q2 2027

Full Exit

All homes sold. Land sale complete. Final distributions.

Your Investment Creates Real Impact
Stream 10 is not just a financial investment. It is a direct investment in solving the housing affordability crisis in western Colorado.
30

Families Get Homes

Brand-new, energy-efficient, single-family residences designed for working families. Teachers, nurses, firefighters, and tradespeople who make Grand Junction run.

GJ

Local Jobs & Economy

Factory workers building homes. Subcontractors installing plumbing, electrical, and HVAC. Site crews doing excavation, concrete, and utility work. Capital circulates locally.

SIP

Innovation in Housing

Fort + Home's modular factory approach proves you can build quality homes faster and more affordably. A scalable solution for communities across the Mountain West.

EV+

Environmental Sustainability

Superior insulation, tighter building envelopes, lower energy costs. Factory production reduces material waste. Every home is solar-ready and EV-ready.

Risk Factors
All investments carry risk. Prospective investors should consider the following factors.

Construction Risk

Subject to weather delays, material cost increases, subcontractor availability, and other risks common to residential construction. Capital stack includes a contingency buffer for moderate cost overruns.

Loan Closing Risk

The FWT construction loan is in active underwriting but has not yet closed. If the loan does not close on the expected timeline, additional bridge capital may be required or the repayment timeline may extend.

Market Risk

Home sale prices are subject to local market conditions. A decline in Grand Junction housing demand or pricing could affect the exit timeline and profitability.

Liquidity Risk

Stream 10 investments are not liquid. Capital is committed for the term and cannot be redeemed on demand.

Concentration Risk

Stream 10 capital is deployed into a single project. Investors should consider overall portfolio allocation when evaluating this opportunity.

How Fort + Home Mitigates Risk

Institutional financial controls, validated cost models, bank underwriting discipline, and a vertically integrated structure that gives the company direct control over construction quality and timeline. Unlike traditional private lenders, Fort + Home can step in and complete projects in the event of borrower default.

Ready to Invest in Trails End?
Three ways to get started. Every path leads to a personal conversation about how this opportunity fits your portfolio.

Schedule a Conversation

Book a one-on-one call with Jeff Zimmerman to discuss the opportunity and review your investment goals.

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Request Documents

Receive the Private Placement Memorandum, Deal Memorandum, and subscription materials for review.

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Request Investment Materials

Complete this form to receive the Stream 10 offering documents, including the Private Placement Memorandum and Deal Memorandum for Trails End. A member of our team will follow up within one business day.

investors@fortandhome.com
(720) 507-5583
3199 D Rd #D100, Grand Junction, CO 81504

Offered pursuant to Rule 506(c) of Regulation D. Available only to verified accredited investors. This form does not constitute an offer to sell or solicitation to buy securities.

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About Fort + Home Companies
Three entities under one company — controlling costs, compressing timelines, and delivering quality housing.

Fort Homes, LLC

Modular manufacturing. Operates the production factory at 3199 D Road, Grand Junction. Builds homes using SIP panel technology in a controlled factory environment.

Fort + Home Developments, LLC

General contractor and development management. Manages all site work, subcontractor coordination, inspections, and project delivery for Trails End and other developments.

Fort Lending Debt Fund

The investment vehicle. Raises capital from accredited investors and deploys it as secured project-level bridge loans into Fort + Home development projects.

Disclosure

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. All investments involve risk, including the potential for loss of capital (including invested principal).


Stream Income Series 10 is offered pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933, as amended. Investment is available only to verified accredited investors. Investors must independently verify their accredited investor status through a third-party verification provider or other means acceptable to the Manager.


The target return of 10% for Trails End project-level bridge capital is based on contractual loan terms; however, returns may vary depending on project performance. Forward-looking statements, hypothetical information or calculations, financial estimates, and forecasted returns are inherently uncertain and involve risk. Past performance is not necessarily indicative of future results.


Investors should not base their investment decision solely upon the information presented on this page. Investors should either possess the necessary financial knowledge and experience to properly evaluate a potential investment or consult with appropriate legal, tax, and investment advisors prior to investing. Please review the Private Placement Memorandum, Operating Agreement, and Subscription Agreement for complete details.