CONCORD, Calif., March 27, 2017 /PRNewswire/ -- Lodgepole Fund No. I, LLC just closed out its seventh consecutive year of 10+ percent net returns, attributing its consistent performance to strong and experienced management and employees.
"This is the seventh consecutive year that Lodgepole Fund has earned a net return of over 10 percent for its Members," says John W. Simonse, President of LHJS Investments, LLC, and one of the Managing Members of Lodgepole Fund No. I, LLC.
Simonse went on further to explain, "Most real estate loan investment funds return at most 6-7% net to their Members. The fact that Lodgepole Fund has returned over 10% for 7 years running is nothing short of extraordinary."
When asked how Lodgepole Fund was able to complete this feat, Mr. Simonse stated, "We have a very strong management team and a very strong staff who have been with us for over 10 years. What is really amazing is that over this time period we have also not had one foreclosure of a loan."
Asked how an individual could invest in Lodgepole Fund, Mr. Simonse stated, "Right now the Fund is closed to new Members. However, we will be looking to raise new capital this summer."
About Lodgepole Fund No. I, LLC
Lodgepole Fund No. I, LLC has been providing construction and development loans to builders and developers in California since 2010. Lodgepole specializes in providing construction loans for high-end residential homes.
About John W. Simonse
John Simonse has been actively involved in the development and investment in Real Estate in the San Francisco Bay Area for nearly 40 years. He has personally overseen the funding and management of over $1 billion in loans and development projects. Currently Mr. Simonse actively manages a portfolio with a value of over $200 million, which includes three real estate loan investment Funds.
Mr. Simonse graduated with highest honors from the United States Merchant Marine academy with a Bachelor's of Science degree in Marine Engineering. His father, Herman Simonse, was a renowned real estate developer in New Jersey, who just recently retired at the age of 86! John Simonse followed in his father's footsteps by buying his first property at the age of 20.
After graduation from the Academy, Mr. Simonse worked for the Department of Defense and was a lieutenant in the United States Naval reserve for 10 years from which he was honorably discharged. Mr. Simonse also worked in the U. S. Merchant Marines, where he sailed on cargo ships to over 65 countries and attained a United States Coast Guard license of Chief Engineer of Steam, Diesel, and Gas Turbine Engines of Unlimited Horsepower. After retiring from the Merchant Marines, Mr. Simonse concentrated in real estate and formed his first real estate Investment fund in 1999.
Mr. Simonse has been successfully managing real estate investment funds and development projects ever since. He currently resides in Danville, CA with his wife Annie and their brood of 6 children.
John W. Simonse
Lodgepole Fund No., I, LLC
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SOURCE John Simonse