Birch & Dobson | BD Lending Fund · 8% Preferred Return · Florida Panhandle
Birch & Dobson
Rosemary Beach, FL · Est. 2007
BD Lending Fund
BD Lending Fund · Accredited Investors · Rosemary Beach, FL

The Bank
Always Gets
Paid First.

Everyone talks about owning real estate. The lender controls the deal. We raise capital from accredited investors and deploy it as development and value-add loans secured by real property — in markets we can personally monitor, within driving distance of where we live.

8%Annualized Preferred Return
LocalHands-On Deployment
Est. 2007Direct Lending Since
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Accredited investors only · We respond within one business day
8%
Preferred Return
Secured by real estate · Paid quarterly
Accredited investors only · Birch & Dobson LLC · We never sell your information
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We'll be in touch within one business day with the full fund overview.

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Hear It from the
Fund Manager.

A short overview of the fund — how it works, how your capital is protected, and why we built it.

▶ BD Lending Fund Overview · Coming Soon
How the Fund Works

Three Steps.
Then You Collect.

01
You Invest in the Fund

Accredited investors contribute capital to the BD Lending Fund. Your capital is deployed as development and value-add real estate loans — secured by property within an hour and a half of where our fund manager lives and works.

02
We Control the Funding

We source, underwrite, originate, and service every loan entirely in-house. No outsourcing. No third-party originators. We know every borrower and every property in the fund because we put them there.

03
You Earn 8% Preferred

Investors receive an 8% preferred return, paid quarterly. Preferred means you are paid before the fund manager participates in any profit. No termites. No toilets. Just returns.

Where We Lend

Hands-On.
Within Driving Distance.

The fund lends within roughly an hour and a half of Rosemary Beach, FL — our fund manager's home base. Not because we have to, but because that is the model. We only lend on properties we can visit, in markets we actively monitor, with borrowers we can sit across a table from.

Hands-on deployment of capital is not a marketing phrase here — it is how the underwriting works. Local knowledge, direct access, and personal accountability on every deal.

Loan Type 01
Development Loans
Ground-up construction & new residential and commercial
FirstLien position on every deal
DrawCapital tied to construction milestones
HighLender control throughout the build
LocalFund manager inspects the site
Development loans give us the highest level of control over investor capital. Funds are released in draws as construction milestones are verified — we inspect progress before the next dollar moves. The lender controls the capital flow, not the borrower.
Loan Type 02
Value-Add Real Estate
Renovation · Repositioning · Stabilization
FirstLien on existing asset
EquityBorrower capital absorbs losses first
ShortBridge and transitional terms
UpsideImprovements increase collateral value
Value-add loans are secured by a real asset being actively improved. The borrower's equity sits above the fund's loan position in the loss order — they take the hit first. Forced appreciation during renovation increases the collateral value over the loan term.
Why development and value-add loans offer the highest protection of investor capital
Lender controls the draw schedule

Capital is released in stages tied to verified milestones. If a project stalls, so does the funding. The lender — not the borrower — controls how capital moves.

Borrower equity absorbs losses first

Borrowers bring equity to every deal. That equity sits above the fund's loan position. If value drops, they lose first. The fund's capital is protected by a real cushion on every deal.

Collateral we can physically inspect

Every project is within driving distance of our fund manager. We visit sites. We know the market. We are evaluating properties we can stand on — not approving deals from a spreadsheet.

Regional Growth Context

A Market
in Active Expansion.

The Florida Panhandle region has seen consistent population and real estate growth across multiple counties. The demand for development capital and value-add financing in this market is driven by real population inflows, limited existing inventory, and sustained construction activity.

We lend into a market where underlying demand is genuine and data-supported. That matters for the collateral securing every loan in the fund.

Regional data points
+74%

Walton County population growth since 2010. Median home value from $77k in 2000 to $438k today.

#2

Bay County metro ranked 2nd nationally for percent growth in 2024, at 3.8% — among the fastest-growing metros in the U.S.

214k+

Okaloosa County population anchored by Eglin Air Force Base — a permanent, recession-resistant demand driver for housing and commercial space.

$118.5M

Highway 331 four-lane expansion complete, opening inland Walton County to significant new development pressure from coastal overflow.

Our fund manager is based in Rosemary Beach, FL. Every loan we originate is on a property within our personal operating radius — a borrower we can meet, a site we can visit, a market we understand. Hands-on deployment is not an optional feature. It is the entire model.

Why It's Secure

Every Dollar
Backed by
Real Property.

This is not a stock. It is not a promise. Every loan the fund holds is secured by a recorded lien on real estate — a physical asset with real market value. If a borrower does not pay, the fund has a legal claim on the property.

The borrower's equity sits above our loan position in the loss order. They lose first. The property would have to lose significant value before the fund's capital is ever at risk. That buffer is built in by design, on every deal.

Secured by Real Estate

Every loan is collateralized by a recorded lien on real property. The asset backs the debt — not a business plan, not a projection. Physical real estate you can drive to.

We Control Every Stage of Funding

We source, underwrite, originate, and service every loan entirely in-house. No outsourcing. No third-party originators. We know what is in the fund because we made every loan in it.

8% Preferred — You're Paid First

Preferred return means your 8% is distributed before the fund manager participates in any profit — every quarter, without exception. You are at the front of the line.

Why Birch & Dobson

We've Been
the Lender
Since 2007.

Most debt funds are run by people who raise capital and then figure out how to deploy it. We have been deploying capital into real estate loans for 18 years. The fund is the natural extension of what we already do every single day.

We control every part of the process — deal sourcing, underwriting, origination, and servicing. That is not how most funds operate. Most outsource origination to third-party lenders they have never met. We are the originator. We make the loan. We hold the note. We know every deal in the fund.

And we are local. Our fund manager lives in Rosemary Beach, FL. We lend within roughly an hour and a half of home base — on properties we can visit, with borrowers we can meet. We know what the collateral is worth because we can verify it ourselves.

B&D
Fund Principal
Birch & Dobson LLC · Rosemary Beach, FL · Est. 2007
2007Year We Started Lending
$200M+Loans Originated
30+States in Our Footprint
18 yrsThrough Every Market Cycle
Common Questions

Straight Answers.

A debt fund pools capital from investors and deploys it as loans secured by real estate. The fund is the lender — not a bank, not a broker, but a direct lender that holds the note. Investors earn a return from the interest those loans generate. It is the same business Birch & Dobson has operated since 2007, now open to outside investors.
Preferred return means investors receive their 8% before the fund manager participates in any profit. You are first in line for every distribution. You get paid before we do.
Every loan the fund makes is secured by a recorded lien on real property within our local lending area. If a borrower defaults, the fund has a legal claim against the property. Your investment is backed by physical real estate — not a promise or a projection.
Because personal oversight is the underwriting model. Our fund manager is based in Rosemary Beach, FL. We lend within roughly an hour and a half of home base — on properties we can visit, with borrowers we can meet, in markets we actively operate in. Keeping the lending radius tight is how we maintain the hands-on control that protects investor capital.
Yes. The BD Lending Fund is offered exclusively to accredited investors pursuant to applicable securities laws. An accredited investor generally means annual income over $200,000 (or $300,000 with a spouse) or net worth over $1 million excluding a primary residence. Consult your financial or legal advisor if you are unsure of your status.
Minimum investment details are included in the full fund overview. Fill out the form on this page and we will send you the complete documentation — structure, minimums, terms, and how to participate.
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Fund Overview.

Fill out the short form and we will send you the complete fund documentation — structure, terms, minimum investment, and how to participate.

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Accredited investors only · Birch & Dobson LLC · Rosemary Beach, FL

BD Lending Fund · Est. 2007

A real estate debt fund deploying capital into development and value-add real estate within our personal lending radius. Accredited investors earn 8% preferred return on loans we originate and service ourselves.

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