The Verdeam Alternative Income Fund (VAIF) was established to provide financing for the acquisition of Manufactured Homes. The US single family mortgage market is one of the largest debt markets in the world. In contrast, financing for Manufactured Homes is difficult to find and most purchasers of manufactured homes are excluded from traditional sources of mortgage lending.
VAIF will focus initially on providing financing for bulk purchases of new homes that are located in established mobile home communities. There is the opportunity to continue to look for other forms of financing that may be assisted by the fund to continue to provide attractive returns to our investors.