Our Mission

Full Cycle Funding Income Fund is a private real estate debt fund built for investors who want passive income backed by real collateral—without the noise of the public markets. We focus on short-term, real estate–secured lending designed to prioritize capital preservation first, with consistent income as the goal.

This is an open-ended, non-traded private fund offered exclusively to Accredited Investors under Rule 506(c).

What We Aim to Deliver

Our objective is simple: generate reliable income while protecting principal by directly originating and acquiring asset-backed mortgage loans.

Investors may be eligible for a *9.25%–10.5% annualized simple preferred return (by class/term).

* Preferred return is not guaranteed and may be paid only from available cash flow, if any, at the Manager’s discretion. Preferred return accrues beginning 30 days after your contribution is accepted, as described in the offering documents.

About Our Investment Fund

Investment Approach

We originate and fund high-yield mortgage loans secured by U.S. real property, primarily in a senior 1st lien position.

We underwrite conservatively—typically no more than 75% loan-to-value (LTV) based on market value—and We target fund-level leverage up to 30% of total assets (subject to the Fund’s governing documents and Manager discretion).

To enhance diversification, up to 30% of capital may be allocated to select third-party managed secondary debt or complementary private credit/fixed income funds.

Fund Overview

Minimum Subscription: $50,000
Increments of $1,000
AUM Targets: $10M (Year 1), $20M (Year 3), $45M+ (Year 5)
Manager: Full Cycle Funding LLC (Florida)

Our Leaders

This fund is managed by a hands-on team of General Partners:

David Shaw — Fund Manager / Risk Mitigation
Michael Hildebrandt — Chief Compliance Officer / In-House Counsel
Sheena Berry — Asset Manager / Investor Relations / Client Services

Redemption Terms

We’re built for income-minded capital with a long-term mindset:

12-month minimum hold from the date of investment
Redemption requests accepted twice per year
Redemptions may be limited to 15% of NAV per quarter
Early redemptions may be subject to a 3% fee and/or forfeiture of accrued interest for a defined period

*See offering documents for more information.

Redemptions are subject to class lockups, notice requirements, the Fund’s redemption windows, available liquidity, and pro rata limits as set forth in the offering documents; the Manager may defer or suspend redemptions as permitted.

If you’re an Accredited Investor looking for real estate-backed income with disciplined underwriting, we’d love to connect. .

*All offers and sales of any securities will be made only to Accredited Investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds or hold certain SEC approved certifications. Any securities that are offered, are offered in reliance on certain exemptions from the registration requirements of the Securities Act of 1933 (primarily Rule 506C of Regulation D and/or Section 4(a)(2) of the Act) and are not required to comply with specific disclosure requirements that apply to registrations under the Act.

* The SEC has not passed upon the merits of, or given its approval to any securities offered by Full Cycle Funding Income Fund, the terms of the offering, or the accuracy of completeness of any offering materials. Any securities that are offered by Full Cycle Funding Income Fund are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell any securities offered by Full Cycle Funding Income Fund.

* Investing in securities involves risk, and investors should be able to bear the loss of their investment. Any securities offered by Full Cycle Funding Income Fund. are not subject to the protections of the Investment Company Act.

* Any performance data shared by Full Cycle Funding Income Fund represents past performance and past performance does not guarantee future results. Neither Full Cycle Funding Income Fund nor any of its funds are required by law to follow any standard methodology when calculating and representing performance date and the performance of any such funds may not be directly comparable to the performance of other private or registered funds.

This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offering is made only pursuant to the Fund’s offering documents and in accordance with applicable law. Investing involves risk, including possible loss of principal.