From intake to fund subscription in seven steps.

The seven-step ReV process

Every investor we work with goes through the same sequence, regardless of capital size. The discipline is in the consistency.

1. Investor Intake

   Submit the intake form. Three minutes. We capture the structural basics — capital range, timing, source of funds, state of residence — and confirm fit with the current fund cycle. This step also begins the substantive pre-existing relationship required under Reg D 506(b) before any specific offering can be discussed.

2. Suitability Conversation

   A scheduled call with a senior team member, not a sales rep. We walk through investor sophistication, source-of-funds confirmation, target allocation strategy, and any prior real estate exposure. For non-accredited investors, we confirm the suitability standard required under 506(b). Allow 30 minutes.

3. Fund Overview

   We walk you through the fund’s investment strategy, current loan book composition, target return, lien-position discipline, and the fund’s underwriting framework. You ask whatever questions matter. No specific opportunity is pitched outside the fund structure.

4. Subscription Documents

   Once you confirm interest, we send the subscription packet: Private Placement Memorandum (PPM), Limited Liability Company Operating Agreement, Subscription Agreement, and the most recent fund financial summary. You review with whatever counsel or advisor you use.

5. Subscription & Funding

   You execute the Subscription Agreement and wire your committed capital to the fund. ReV countersigns; you become a Limited Member of the fund as of the next subscription date. The fund then deploys capital into recorded first or second-position notes — the fund (not the individual investor) holds the lien on each property.

6. Active Servicing & Quarterly Statements

   ReV originates, underwrites, and services every loan inside the fund. Monthly payment collection. Insurance and tax monitoring. Default management if needed. You receive a quarterly investor statement showing fund performance, your pro-rata interest, and accrued distributions. Schedule K-1 is issued by March 15 each year.

7. Distributions & Reinvestment

   As notes mature inside the fund, principal and interest return to the fund and are distributed to investors pro-rata according to the Operating Agreement. You can elect to take distributions in cash or roll them back into the fund for compounding. Capital can be redeemed at quarterly windows subject to the fund’s notice and lockup terms.

What you receive at each milestone

Document and event milestones across the process

Step	Document or Event	Held By
Intake	Confirmation email + suitability schedule link	Investor
Fund overview	Fund summary + investment strategy memo	Investor
Subscription docs	PPM, Operating Agreement, Subscription Agreement	Investor (signed copies)
Funding	Wire instructions to fund operating account	Investor + fund
Closing	Countersigned subscription + Limited Member admission notice	Investor
Servicing	Quarterly investor statement	Investor
Tax	Schedule K-1 (issued by March 15)	Investor
Liens	Recorded deed of trust on each loan	The Fund (named beneficiary)

Timing expectations

The fund accepts subscriptions on the first business day of each month. From intake to admission as a Limited Member typically runs 7 to 14 business days, depending on how quickly subscription documents are reviewed and the wire is sent.

A representative timeline:

• Day 0 — Intake submitted
• Day 1 — Initial response, suitability call scheduled
• Day 2–3 — Suitability conversation, fund overview shared
• Day 4–7 — Subscription packet reviewed
• Day 8–10 — Subscription Agreement executed, wire sent
• Next monthly subscription date — Limited Member admission, capital begins earning
• End of first calendar quarter — First investor statement issued

What ReV does that the investor does not have to do

Subscribing to the fund means ReV absorbs the entire operational stack. Specifically:

• Borrower sourcing, vetting, and underwriting
• Title commitment ordering and exception review
• Loan document drafting, execution, and recording in the fund’s name
• Closing escrow setup and wire reconciliation
• Hazard insurance binder collection and fund-as-lender naming
• Monthly payment processing and reconciliation
• Property tax payment monitoring
• Borrower communication and modification negotiation
• Default management, cure correspondence, foreclosure coordination if needed
• Payoff demand calculation and lien release recording
• Quarterly investor statements + annual K-1 preparation and delivery
• Fund-level accounting and outside annual review

You subscribe once. The fund runs everything from there.

Start Investor Intake   Read the FAQ