CONCORD, Calif., June 9, 2020 /PRNewswire/ -- In a May 22, 2018 press release, John W. Simonse, a long-time real estate investor and fund manager, made a bold prediction on the future of California real estate that has held true, even in the face of the current pandemic, as reported by The North Star Capital Fund. While many pundits and analysts in 2018 were predicting a market decline, Simonse stated, "Economic projections for the residential real estate market in California indicate that the market will remain strong for at least the next two years."
Mr. Simonse's 2018 press release went on further to say that, "This prediction is based on the expectation that the economy will continue to strengthen due to tax cuts and increased consumer spending as a result of gains in jobs and wages." Mr. Simonse, who is President of LHJS Investments, LLC and is a founder and Managing Member of a new fund, The North Star Capital Fund LLC, elaborated further in 2018, explaining, "Inventory will continue to remain limited due to lack of construction and the current lack of incentive for homeowners to sell since most purchased their homes at lower prices and interest rates." In addition, Simonse said, "We are seeing Millennials, now in their 30's, finally buying homes because they are getting married and having kids, and want to get away from high rents. Other factors in play are that inflation is predicted to remain stable and Wall Street is anticipating only a modest rise in the 10-year bond, keeping mortgage rates below the historically desirable 5.0% interest rate."
When asked how a person can now best invest in California real estate, Mr. Simonse replied, "One of the safest ways to invest in real estate is to invest in private money loan funds. By being a real estate lender, your investment is secured by a deed of trust and in a fund you have multiple deeds securing your investment." Mr. Simonse went on to state that, "It is well known in the investment world that a deed of trust is one of the safest and best forms of security available. Not to mention that The North Star Capital Fund's goal is to return to investors 10% a year, which is an extremely good return for a secured investment." When asked how to choose a private money investment fund, Mr. Simonse said, "Pick a fund manager with a lot of experience and a good track record. It is especially important to choose a fund manager who invests in their own Fund." Mr. Simonse, who has invested heavily in The North Star Capital Fund, stated, "You will not find a fund with more experienced management. My partners Mark Hanf and Mathias Coordes of Pacific Private Money, Inc. and I have over 100 years of experience in real estate." Mr. Simonse's funds, under his management, have also outperformed similar funds by as much as 30-40% for many years.
About the North Star Capital Fund LLC
The North Star Capital Fund is a new fund that has opened June 1, 2020 to provide construction, remodel, and other business purpose loans, primarily in the Bay Area and other select cities throughout California. The demand for a lending fund of this nature is extremely high, being that there is a severe housing shortage in California. New housing has not kept up with job growth and the state needs to build approximately 3.5 million new housing units by 2025 to catch up. If you would like to invest in trust deeds alongside Mr. Simonse and his partners, The North Star Capital Fund is now accepting new investors.
John W. Simonse
The North Star Capital Fund LLC
Email: [email protected]
SOURCE The North Star Capital Fund LLC