Fund Investments

 

WFP INCOME FUND, LLC

• Fidelity Investments CUSIP: 94699K534
• Pershing, LLC CUSIP: 929LP9220
• TD Ameritrade CUSIP: 93099B102

The WFP Income Fund, LLC (the “Income Fund”) is a short term alternative fixed income investment that seeks to provide attractive risk-adjusted returns to its investors primarily through the Income Fund’s investments in loans secured by first trust deeds and mortgages within the United States, and, initially, predominantly in California. Trust deeds create a security interest in real estate for the repayment of loans. Like senior mortgages, first trust deeds enjoy a priority position over other encumbrances on the property. The Income Fund’s trust deed and mortgage secured loans carry a low weighted average loan-to-value ratio. The Income Fund generates revenues primarily through the interest paid on the mortgage and trust deed secured loans in its portfolio by the underlying property owners. The Income Fund has a target 7% to 8% annualized return. Total return for the Fund will primarily be paid through the monthly dividend. Wilshire, as the Income Fund’s manager, believes the protective equity cushion provided by low Loan-to-Value ratios, the legal characteristics of trust deed and mortgage secured loans in the fund’s portfolio and the value of the secured real property, coupled with the fundamental strategies the manager employs to create a diversified pool of loans, will enable the Income Fund to preserve invested capital while earning an attractive risk-adjusted return on the investment. Investments in the Income Fund are being offered pursuant to a Private Placement Memorandum (“PPM”) to accredited investors in accordance with Regulation D, Rule 506(c) under the Securities Act of 1933, as amended. Please consult the PPM for more information on the Income Fund.

WFP INCOME FUND DETAILS

 

Investment:
Professionally managed fund investing in bridge loans secured by deeds of trust and mortgages against real estate within the United States, and, initially, predominantly in California.
Investment Objective:
Stable Income and Principal Protection TM. Combination of consistent risk-adjusted returns, principal protection, diversification and professional management.
Investment Strategy Justification:
Building upon Wilshire’s investment performance history on individual loans, the fund is a pooled investment managed by Wilshire specifically designed to capitalize on the financing needs and funding gaps of real estate investors by providing short term loans, including loans for acquisition, repositioning, rehabilitation and other short term purposes. As an alternative to fixed income investments (i.e. bonds), the primary goal is to meet the lower risk tolerance yet higher return expectation of the fund investor. The fund’s primary objectives are current income and principal protection.
Minimum Investment:
$100,000
Load Fees & Commissions:
None charged by Wilshire or the Income Fund.
Investor Suitability:
Accredited Investors Only.
Target Investor Returns:
7% to 8% annualized returns, paid monthly.
Borrower Profile:
Real estate investors requiring bridge financing.
Target Protective Equity:
35% equity cushion within the fund.
Target Loan Term:
36 months, with terms ranging from approximately 6 to 60 months.

 

The forgoing is a limited summary and is qualified in its entirety by the information contained in the WFP Income Fund Private Placement Memorandum, Operating Agreement and Subscription Documents. to the extent there is any inconsistency between the information provided in this overview and the wfp income fund private placement memorandum and its accompanying exhibits, the information in the wfp income fund private placement memorandum and its accompanying exhibits shall control.

Accredited Investors who would like to learn more about the Income Fund, its attributes, risks and investment process may contact us at (866) 575-5070 to obtain a copy of the Private Placement Memorandum, Operating Agreement and Subscription Documents for the WFP Income Fund, LLC.

 

* ADDITIONAL FUND DISCLOSURES

This Investor Executive Overview (“Overview”) is not an offer to sell or the solicitation of an offer to purchase the securities of WFP Income Fund, LLC or the WFP Opportunity Fund, LLC (individually and collectively, the “Fund”). The purpose of this Overview is to provide an overview of each Fund and its private placement. Persons interested in learning about either Fund and its private placement will be provided with such Fund’s Private Placement Memorandum (inclusive of exhibits thereto and any supplements, the “Memorandum”), which provides a description of the Fund, the terms of the private placement, a discussion of risk factors, a copy of the Fund’s limited liability company operating agreement, a subscription agreement and other information related to the Fund. To the extent that there is any inconsistency between the information provided in this Overview and the applicable Memorandum and its accompanying exhibits, the applicable Memorandum and its accompanying exhibits shall control. This Overview and each Memorandum contain certain forward-looking statements regarding the respective Fund’s investment objectives and strategies. The forward-looking statements are based on current expectations that involve numerous risks and uncertainties which are difficult or impossible to predict accurately and many of which are beyond the control of the Fund’s management, including, but not limited to, national and international economic conditions, changes in legislation, and other factors that can disrupt economic stability. Although the Fund’s management believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements, the inclusion of such information should not be regarded as a representation by Fund’s management, any placement agent, or any other person, that the respective Fund’s objectives and strategies will be achieved. An investment in either the Fund may be made solely by accredited investors (which for natural persons, are investors who meet certain minimum annual income or net worth threshold), who are provided with the Memorandum for the respective Fund and who complete, execute and deliver the subscription documents included therein. The securities of each Fund are being offered in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), provided by Regulation D, Rule 506(c), and are not required to comply with specific disclosure requirements that apply to securities registered under the Securities Act. Neither the Securities Exchange Commission nor any state securities regulator or agency has passed upon the merits of or given its approval to the securities, the terms of either offering, or the accuracy or completeness of any offering materials. The securities of each Fund are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell the securities. Past performance is not indicative of future results. Investing in either Fund involves substantial risk, including loss of investment, and is not suitable for all investors.

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