How We Do It

Our Systematic Approach to Joint Ventures and Partnerships

Champions Funding LLC – Managing the Florida Communities Revitalization Fund


Champions Funding and the Florida Communities Revitalization Fund manages the various resources that transform the worst houses in neighborhoods and cost-effectively rehabilitates them into the best houses on the block. This often includes funding new affordable housing construction to replace condemned properties or on vacant lots.  

We employ a proven 5 Step Process that includes:

1. Property Identification

Properties are identified by the Company’s internal staff as well as from urban revitalization partners that include municipal and county government agencies, various housing authorities and for profit and qualified not-for-profit organizations, whose mission is to provide quality affordable housing that revitalizes distressed neighborhoods

2. Project Underwriting

Champions Funding LLC, utilizing funds from the Florida Communities Revitalization Fund (FCRF) considers funding for identified properties that meets stringent criteria, which includes: Properties that are secured by an insured 1st lien mortgage with a low loan to value ratio; have undergone a current market analysis; have been analyzed for construction and development costs and budgets; and that meet project timelines and joint venture partner selection criteria.

3. Joint Venture Formation

Most, if not all of Champions Funding joint venture partnerships require the teaming of non-profit, or government sponsored projects and/or city, state or federal housing initiatives. These strategic partnerships streamline the process of identifying qualified properties, reduce the cost of property acquisition and help structure the joint venture undertaking on a 50/50 split or fixed interest rate.  Joint venture priority is given to organizations and entities that Champions Funding & Community Champions has successfully partnered with in the past, while seeking additional partnering opportunities to qualified potential participants.  The joint venture relationship greatly reduces investment risk while enhancing opportunity for projected ROI.

4. Project Commencement

The physical construction and rehab process begins immediately after subject properties have been identified and underwritten, joint venture partnerships have been established, project funding has been approved and construction contracts have been finalized. To date of this offering, Community Champions has successfully self-funded each project, and now seeks to broaden its community revitalization scope to include qualified private investment.  Additionally, Community Champions also identifies future property rehab parcels that may qualify for partial funding through government loans, grants, or private and institutional loans, thus strengthening the funding base and expanding the possible scale of community revitalization reach.

5. Sale of Property and Profits Split

On average, for the last dozen Community Champions projects, the turnaround time for refurbished properties from acquisition to completion has been 173 days (or 5.7 months), which expedites the return time of liquid assets. It is not uncommon for some projects to be put under purchase contract prior to project completion.

Excelling in Joint Venture Projects

Champions Funding joint venture partnerships require the teaming of non-profit and/or government sponsored projects with city, state or federal housing initiatives.  These strategic partnerships streamline the process of identifying qualified properties, reduce the cost of property acquisition and help structure the joint venture undertaking.