Private Debt Fund I Loan Activity Update

Since launching Blue Eyed Private Debt Fund I in October, we've successfully funded our first two loans. These transactions demonstrate exactly what we set out to build: a fund that can move at speed, deploy capital with discipline, and generate strong returns through short-term lending.

These are the fund's first deployments, and they validate the core thesis behind our strategy. Short-term lending, particularly in situations where timing is critical, creates value for both borrowers and investors. Operators need capital fast to close on deals that would otherwise fall apart.

Both loans came from our existing network—relationships built over years of working directly with operators who know how to execute. That network is our competitive advantage. It allows us to underwrite quickly, move decisively, and fund deals that require immediate action.

See the latest activty below:

Loan #1: Multifamily Mezzanine Loan - ACTIVE

Our first loan was a $300,000 mezzanine loan providing gap funding for a 214-unit ground-up modular multifamily development. The borrower is awaiting permanent financing, and this loan bridges the gap while that capital is finalized.

Loan Structure:

• Term: 6 months (3-month prepayment minimum)

• Interest: 3.4% monthly accrued interest

• Origination fee: 2.5%

• Collateral: 100% ownership interest in the land-owning entity

  • Appraised land value: $9,230,000

  • Existing bridge loan: $4,250,000

Return Profile:

• Origination fees: $7,500

• Interest income (6 months): $61,200

• Total return: $68,700

• Loan yield: 22.9%

  
  

Loan #2: Short-Term Bridge Loan - CLOSED

Our second loan was a $94,000 short-term bridge loan funded same-day for an operator closing on a golf course acquisition. This was the third loan we've done with this borrower—two prior loans were originated for similar acquisitions outside of the fund.

The operator needed capital immediately to close the transaction. We funded same-day, and the borrower repaid early in three days.

Loan Structure:

• Term: 6 days

• Fee: $1,000 flat fee

Return Profile:

• Fee income: $1,000

• Annualized yield: 63.1%

This loan is now closed, and the early repayment highlights both the reliability of the borrower and the quality of the relationship.

What This Demonstrates

These loans show the fund can execute. We moved quickly, deployed capital into deals that made sense, and generated strong returns in the process. The short-term nature of these loans—6 months and 6 days—means capital turns over fast, and we can redeploy into new opportunities without long holding periods.

We're currently reviewing a pipeline of over $1 million in additional loans, and we're continuing to build relationships with operators who need capital in situations where timing is the constraint.

We fund loans from $15,000 to $500,000 exclusively through our network of trusted operators and referral partners. If you know an operator who could benefit from short-term capital solutions, or if you're an investor interested in how we're deploying, we’re happy to schedule a meeting.