Express Hard Money LP
A Boutique Residential Real Estate Debt Fund
Fund Overview
Express Hard Money LP is a Delaware-based private debt fund and the second fund managed by Blitzar Management LLC. It follows the success of Blitzar Capital, Blitzar Management’s first real estate debt fund. Express Hard Money targets attractive risk-adjusted returns by issuing short-term, asset-backed loans to professional residential real estate investors. The Fund leverages deep operational experience, a national network of elite borrowers, and a proven lending model to deliver consistent cash flow to its Limited Partners.
Why It Works
- Proven Lending Model: 140+ loans issued across Express Hard Money and Blitzar Capital since 2020; 1 default
- Profitable Defaults: Foreclosure-ready structure with in-house rehab and resale capabilities; >20% returns possible on defaulted deals
- Consistent Deal Flow: $100M+ annual deal pipeline from a curated network of professional real estate developers
- Conservative Underwriting: Loans capped at 75% of After Repair Value (ARV), secured by 1st position liens and personal guarantees
- Loyal Borrowers: 50% of borrowers are repeat clients, reflecting satisfaction and loyalty
Target Returns
- 10% Net Annual Preferred Return, paid quarterly (2.5% per quarter) on invested capital
- Distributions are made to LPs first; the GP only earns profit after LPs are paid in full each quarter
Investor Terms
- Minimum Investment: $100,000
- Capital Commitment Term: 24 months
- Management Fee: 2% of LP capital annually, paid quarterly in arrears
- Redemptions: Allowed after 2 years with 65 days’ notice; early withdrawals subject to a 2% fee if under 5-year holding period
Fund Administrator
NAV Consulting, a global third-party administrator, handles investor onboarding, fund accounting, and reporting.
Leadership
- Mike Simmons: 17+ years in real estate investing and operations; 600+ fix & flip projects
- Ben Stasa: Licensed attorney with a background in RE finance and business; fund structuring expert
Track Record
- Express Hard Money has consistently outperformed major debt and REIT indices by 500+ basis points
- No capital loss to date; current AUM of $3.9M with a clear roadmap to $25M+ AUM within 24 months
For Investment Inquiries
Mike Simmons
Managing Partner, Blitzar Management
248-780-9136