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BC

Benchmark Companies

1 fund·$1M raised◔ Unclaimed
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Avg Composite
40.3
Mid pack
Active funds
1
of 1 vintage
Total raised
$1M
disclosed offerings
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Composite score · by vintage

1 scored fund · avg 40.3
2550752015Benchmark Real Estate Investment Fund, LLC · vintage 2015 · 40.3
Top quartile Middle Lower Sponsor avg

Disclosures & prior history4 disclosures · worst medium

Material items extracted from the risk-factor, conflicts, and prior-performance sections of Benchmark Companies's PPMs. Each is quoted verbatim with its source page — surfaced, not editorialized.

Related-party conflict disclosed — Benchmark Capital Management II, LLC / BCM / WMPCF (Affiliates)

Medium

The Company is expected to conduct business primarily with the Manager and its Affiliates by purchasing or funding Notes originated by Affiliates. These are affiliate transactions and terms may differ from arm's-length third-party transactions. Independent outside review of these transactions may not be performed.

Specifically, the Company may conduct business primarily with the Manager or its Affiliates by purchasing or Direct Funding Notes Originated by the Manager or its Affiliates. These will be Affiliate transactions and therefore, the terms of the Notes may not be the same as if it were agreed upon via a third-party transaction. Notwithstanding the foregoing, the Company will only invest in those Notes and Properties that are in the best interests of the Company and said Notes or Property purchases will have terms that are commercially reasonable. It is expected that transactions may occur between the Company and its Manager, Principals, and/or Affiliates, and outside or independent review of these transactions may not be performed.
PPM p.1295% confidence

Related-party conflict disclosed — JosephArden Enterprises, LLC / Matthew J. Fox / Todd A. Harding

Medium

Class B Membership Units representing 15% ownership of the Company were issued to JosephArden Enterprises, LLC (an affiliate owned by the principals Matthew Fox and Todd Harding) for only $1,000, creating a significant dilution and economic benefit to insiders.

JosephArden Enterprises, LLC, an Affiliate owned by the Principals, owns the Class B Membership Units, representing 100% of all Class B Membership Units, which constitutes a 15% ownership interest of the Company. JosephArden Enterprises, LLC was granted these Class B Membership Units in 2024 for $1,000.00. Class B Membership Units are not offered through this Offering.
PPM p.2098% confidence

Related-party conflict disclosed — Principals / Affiliates

Low

The Principals manage both the Company and WMPCF (an affiliate), creating potential conflicts in allocating their time, resources, and investment opportunities between the two entities. The principals are not required to devote full-time to the Company, and there is no restriction preventing affiliates from competing with the Company.

The Principals manage WMPCF through BCM and will indirectly manage the Company and therefore may have conflicts of interest in allocating their time and other resources between the Company and WMPCF in determining what assets should be acquired by each.
PPM p.893% confidence

Adverse prior-fund performance disclosed — West Michigan Private Capital Fund I, LLC (WMPCF) — prior program property sales

Info

Several prior WMPCF properties sold by the sponsor showed capital losses (deficiency of property operating receipts over expenditures), including properties with deficiencies of -$24,328, -$43,898, -$38,912, and -$169,614. These losses are from the predecessor/affiliate program used as comparable prior performance.

1-4 Family Rental Property Property 300204 2/13/2023 10/15/2024 $149,414 $119,700 N/A N/A ($24,328) $119,700 $173,742 $7,143 … 1-4 Family Rental Property Property 300201 6/22/2022 9/24/2024 $221,700 $161,000 N/A N/A ($43,898) $161,000 $265,598 ($2,376) … 1-4 Family Rental Property Property 300195 10/19/2019 5/23/2024 $555,735 N/A N/A N/A ($169,614) N/A $725,349 $13,789
PPM p.3988% confidence

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