Minimum Investment: $1,000 (5% Simple Interest Rate/Paid Annually/5 Year Loan Term)
Investment #2 (Pending)
3129 Fenton Avenue, Bronx, New York$500,000 Line Of Debt Capital In 2026 ($5,000 Annual Interests Payments/Principal Payment Due In 2031/5 Year Term)Investment #2 - PENDING
(3129 Fenton Avenue, Bronx, New York)
Deal Summary - 3129 Fenton Avenue, Bronx, New York
- Investment Type: Debt investment under SEC Regulation D.
- Interest Rate: 5% annual simple interest, paid annually.
- Term: Five (5) years.
- Minimum Investment: $1,000.
- Estimated Property Value (Redfin): $741,170 (as of January 30, 2026)
Project Financing Goal
- Raise $500,000 in debt capital.
Use of Funds
- $415,000 to pay off a high-interest/10% to 12% hard money loans).
- $85,000 for renovations to convert the property into a legal two-family home).
Current Property Status
- Configured as a one-family residence (four bedrooms).
- Occupied by a Section 8 tenant at a rent of $3,910 per month (of which $3,552 is paid by taxpayers).
Projected Outcome
- By refinancing the existing high-interest debt at 5% and completing the legal conversion to add a second apartment (basement unit with private entrance), the property is expected to transition from a monthly loss to positive cash flow, while expanding access to affordable housing for families in need.
- Investment Type: Debt investment under SEC Regulation D.
- Interest Rate: 5% annual simple interest, paid annually.
- Term: Five (5) years.
- Minimum Investment: $1,000.
- Estimated Property Value (Redfin): $741,170 (as of January 30, 2026)
Project Financing Goal
- Raise $500,000 in debt capital.
Use of Funds
- $415,000 to pay off a high-interest/10% to 12% hard money loans).
- $85,000 for renovations to convert the property into a legal two-family home).
Current Property Status
- Configured as a one-family residence (four bedrooms).
- Occupied by a Section 8 tenant at a rent of $3,910 per month (of which $3,552 is paid by taxpayers).
Projected Outcome
- By refinancing the existing high-interest debt at 5% and completing the legal conversion to add a second apartment (basement unit with private entrance), the property is expected to transition from a monthly loss to positive cash flow, while expanding access to affordable housing for families in need.
The Social Impact Real Estate Debt Fund, LLC is currently in the process of raising $500,000 in debt capital ($415,000 to pay off high-interest/10% to 12% hard money loans and $85,000 for renovations to convert the property into a legal two-family home) to be deployed directly into the redevelopment and stabilization of the residential property located at 3129 Fenton Avenue, Bronx, New York.
This investment is part of the Fund’s broader strategy to finance mission-driven housing projects that preserve affordability while improving living conditions for families who rely on government-sponsored housing assistance.
Thomas Lopez-Pierre serves as the Managing Member of 3129 Fenton Avenue, LLC, the ownership entity responsible for overseeing the execution of the project, coordinating professionals, and ensuring compliance with all applicable legal, regulatory, and building requirements.
His role includes management of the redevelopment process, engagement with city agencies, and long-term stewardship of the property as an affordable housing asset.
The primary objective of the investment is to finance the legal conversion of the property from a one-family residence into a two-family home, including the issuance of a new Certificate of Occupancy by the New York City Department of Buildings. This legal conversion is a critical step in bringing the property into full regulatory compliance, maximizing its lawful residential use, and increasing the supply of safe, code-compliant housing in the Bronx.
At present, the first-floor unit is occupied by a family utilizing Section 8, formally known as the Housing Choice Voucher Program, administered by the U.S. Department of Housing and Urban Development (HUD).
The household consists of a parent and several children residing in a four-bedroom apartment. Maintaining housing stability for this family throughout the redevelopment process is a core priority of the project.
The redevelopment plan includes the renovation and legalization of the basement space, which will be transformed into a one-bedroom apartment with a private entrance.
Each residential unit will be equipped with fully independent building systems, including separate electric and gas meters, individual water meters, and dedicated service lines.
These upgrades are designed to ensure long-term building code compliance, enhance safety, simplify property management, and support sustainable, multi-unit occupancy.
The invested capital will be allocated toward retaining a qualified and experienced team of professionals, including architects, engineers, plumbers, electricians, expeditors, and licensed contractors.
This team will be responsible for preparing architectural and engineering plans, managing filings, coordinating inspections, and securing all required approvals from the New York City Department of Buildings and other relevant municipal agencies.
Upon completion of the legal conversion and renovations, the newly created apartment will be leased to a family utilizing a government-sponsored affordable housing voucher, such as Section 8. This outcome will directly expand access to safe, stable, and legally compliant housing for families who are often forced to remain in shelters or overcrowded living conditions despite having rental assistance.
This investment exemplifies the Social Impact Real Estate Debt Fund, LLC’s commitment to capital preservation, risk-managed deployment, and measurable social impact, demonstrating how targeted debt financing can simultaneously strengthen housing stability for vulnerable families while supporting responsible real estate development in underserved communities.
3129 Fenton Avenue, LLC will be required to pay 5% annual simple interest rate, paid annually, with a five (5)-year term.
This investment is part of the Fund’s broader strategy to finance mission-driven housing projects that preserve affordability while improving living conditions for families who rely on government-sponsored housing assistance.
Thomas Lopez-Pierre serves as the Managing Member of 3129 Fenton Avenue, LLC, the ownership entity responsible for overseeing the execution of the project, coordinating professionals, and ensuring compliance with all applicable legal, regulatory, and building requirements.
His role includes management of the redevelopment process, engagement with city agencies, and long-term stewardship of the property as an affordable housing asset.
The primary objective of the investment is to finance the legal conversion of the property from a one-family residence into a two-family home, including the issuance of a new Certificate of Occupancy by the New York City Department of Buildings. This legal conversion is a critical step in bringing the property into full regulatory compliance, maximizing its lawful residential use, and increasing the supply of safe, code-compliant housing in the Bronx.
At present, the first-floor unit is occupied by a family utilizing Section 8, formally known as the Housing Choice Voucher Program, administered by the U.S. Department of Housing and Urban Development (HUD).
The household consists of a parent and several children residing in a four-bedroom apartment. Maintaining housing stability for this family throughout the redevelopment process is a core priority of the project.
The redevelopment plan includes the renovation and legalization of the basement space, which will be transformed into a one-bedroom apartment with a private entrance.
Each residential unit will be equipped with fully independent building systems, including separate electric and gas meters, individual water meters, and dedicated service lines.
These upgrades are designed to ensure long-term building code compliance, enhance safety, simplify property management, and support sustainable, multi-unit occupancy.
The invested capital will be allocated toward retaining a qualified and experienced team of professionals, including architects, engineers, plumbers, electricians, expeditors, and licensed contractors.
This team will be responsible for preparing architectural and engineering plans, managing filings, coordinating inspections, and securing all required approvals from the New York City Department of Buildings and other relevant municipal agencies.
Upon completion of the legal conversion and renovations, the newly created apartment will be leased to a family utilizing a government-sponsored affordable housing voucher, such as Section 8. This outcome will directly expand access to safe, stable, and legally compliant housing for families who are often forced to remain in shelters or overcrowded living conditions despite having rental assistance.
This investment exemplifies the Social Impact Real Estate Debt Fund, LLC’s commitment to capital preservation, risk-managed deployment, and measurable social impact, demonstrating how targeted debt financing can simultaneously strengthen housing stability for vulnerable families while supporting responsible real estate development in underserved communities.
3129 Fenton Avenue, LLC will be required to pay 5% annual simple interest rate, paid annually, with a five (5)-year term.