Real Estate Lending
Short-term, senior-secured real estate lending in Greater Boston — one of the nation’s most housing-constrained markets. Institutional discipline. Local expertise. A three-year track record.
A Different Kind of Income Strategy
The GenWel Private Lending Strategy (GWPL), through RF-Boston Fund IV LLC, provides short-duration senior-secured loans backed by 1-to-20 unit housing across Greater Boston — the nation’s most acutely supply-constrained market. Each loan is secured by real property and underwritten with institutional focus on borrower strength, project viability, and collateral quality.
GWPL’s returns have historically demonstrated low correlation to public equity and fixed-income markets. The Fund is backed by hard-asset collateral and managed by a team with over 10 years of Greater Boston lending experience across more than 200 completed transactions. Correlation data and historical performance are available to verified accredited investors. Past performance is not indicative of future results.
- 3 YRSTrack Record Since Aug 2022
- 11.73%Average Loan Rate
- 64.7%Average Loan to Value
- 4.6 MOAverage Loan Maturity
- $45.8MCurrent Fund Assets Under Management (Investor Capital)
- 83.2%Residential Real Estate Backed
All portfolio statistics as of 3/31/2026. Subject to change.
Designed for Income, Resilience & Impact
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Downside Protection
Every loan in the portfolio is a first-lien, senior-secured position backed by real property, with an average loan-to-value of 64.7% providing a meaningful equity cushion.
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Income-Oriented Structure
Variable-rate loans reset frequently, creating potential income increases in inflationary or rising-rate environments. Quarterly distributions delivered consistently since inception in August 2022.
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Different Risk Profile
The fund’s returns are driven by local real estate lending fundamentals rather than public market dynamics, providing a structurally different return driver for diversified portfolios.
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Regional Impact
Capital flows directly into revitalizing Greater Boston’s aging housing stock — aligning your investment return with lasting community impact in one of America’s most dynamic cities.
Designed for Income. Secured by Real Assets.
Since inception in August 2022, the Fund has distributed cash flow in every quarter and generated positive net returns since inception,* operating through a period that included rising interest rates and banking-sector stress. Comprehensive performance, correlation, and volatility data are available to verified accredited investors upon request.
* Past performance is not indicative of future results. Performance figures are unaudited and as of 3/31/2026.
Investment Framework
Every dollar deployed follows a disciplined five-stage process from sourcing through active risk management — ensuring institutional rigor at every step of the loan lifecycle.
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01
Sourcing
Relationship-driven deal flow with developers, brokers, and real estate professionals enables proprietary sourcing. Every loan is subject to independent underwriting against consistent written standards regardless of origination channel.
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02
Underwriting
Experienced team evaluates LTV, guarantees, borrower track record, project plan, and exit clarity. Conservative debt basis with no asset-level leverage or REPO risk.
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03
Due Diligence
Legal review via Partridge Snow & Hahn LLP. Institutional documentation and covenants. Physical site visits conducted on every single loan before commitment.
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04
Servicing
In-house asset management and loan servicing for proactive, deal-by-deal risk management. Vertically integrated platform provides real-time portfolio transparency.
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05
Risk Mgmt
Loans above $1 million require sign-off by multiple GenWel principals.
Capital at Work Across New England
Explore GenWel’s active lending footprint across Greater Boston and New England. Brighter areas represent higher capital concentration. Use the timeline to watch the portfolio grow since inception.
This map illustrates GenWel Capital’s active lending markets at a regional level. Individual loan addresses and borrower information are not disclosed. Data as of March 31, 2026. Past deployment activity does not guarantee future availability.
Why Greater Boston?
Greater Boston ranks #1 in the U.S. for housing shortage. A structural deficit driven by aging stock, restrictive zoning, and one of America’s most dynamic knowledge economies creates a durable, repeatable lending opportunity — not a temporary market condition.
Source: Zillow Research, “U.S. Cities with Worst Housing Shortages”
All portfolio statistics as of 3/31/2026. Subject to change.
Fund Terms
| Strategy Name | GenWel Private Lending |
|---|---|
| Fund Name | RF-Boston Fund IV LLC |
| Fund Structure | Massachusetts LLC |
| Inception Date | August 11, 2022 |
| Minimum Investment | $100,000 |
| Maximum Offering | $100,000,000 |
| Investor Eligibility | Accredited Investors Only |
| Distributions | Quarterly |
| Tax Reporting | Annual K-1 |
| Minimum Holding Period | 24 Months |
|---|---|
| Notice Requirement | 60 Days |
| Quarterly Withdrawal Limit | Lesser of 25% of Member’s Capital Account Balance per quarter |
| Annual Withdrawal Cap | Lesser of 10% of Total Outstanding Fund Capital or $500,000 per fiscal year |
| Early Withdrawal Penalty | 3% + Demonstrated Hardship |
| Management Fee | Request Details0% |
|---|---|
| Loan Servicing Fee | Request Details0% |
| Manager Catch Up | Request Details0% |
| Investor Preferred Return | Request Details8% Per Annum, Payable Quarterly |
| Manager Participation | Request Details60% of Cash Flow Above Preferred |
GenWel charges zero management fees, zero loan servicing fees, and zero catch-up fees. The Manager receives no profit participation until investors have received their full cumulative 8% preferred return — creating a complete alignment of interests.
Note: Like any operating fund, day-to-day expenses — including debt service, administration, legal, and accounting costs — are paid from fund cash flow before preferred return distributions. These are costs of running the business, not fees to the Manager. The complete distribution waterfall is: (1) Fund operating expenses; (2) 8% cumulative preferred return to Members; (3) remaining Net Available Cash Flow split 40% to Members / 60% to Manager. See the PPM for the full waterfall description.
| Auditor | Citrin Cooperman |
|---|---|
| Counsel | Partridge Snow & Hahn, LLP |
| Administrator | JTC Group |
| Lenders | Needham Bank / Customers Bank |
| Investor Custodian | Fidelity (optional) |
Connect with GenWel Capital
Robert Napolitano, Managing Partner
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Phone
+1 339.788.1375 -
Office
30 Braintree Hill Office Park, Suite 201
Braintree, MA 02184
- 01
Request an Offering Kit
Contact Robert Napolitano directly to receive the full Private Placement Memorandum and supporting due diligence materials — including performance history, portfolio analytics, and legal documentation.
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Subscribe to Fund Updates
Stay informed with quarterly performance reports, Greater Boston market insights, and fund commentary delivered directly to you or your advisor team.
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Review the PPM
Our legal team at Partridge Snow & Hahn has prepared comprehensive offering documents. Review with your advisors and direct any questions to our team — we respond promptly.
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Complete Subscription Documents
Finalize your investment and join a growing community of accredited investors earning consistent income from Greater Boston real estate.
Important Disclosures — Please Read
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 such offer or solicitation may be made only by means of a Confidential Private Placement Memorandum (“PPM”) and related subscription materials, which contain material information about the applicable fund, including risks, fees, and conflicts of interest.
Investments in private funds are speculative, involve a high degree of risk, are illiquid, and may result in the loss of some or all invested capital. Past performance is not indicative of future results.
Offerings are available only to “accredited investors” as defined under Rule 501 of Regulation D. Verification of accredited investor status is required prior to investment.
GenWel Capital LLC is not registered as an investment adviser with the Securities and Exchange Commission. Napier Financial is a registered investment adviser; references to Napier Financial on this website are for informational purposes and do not constitute investment advice. Neither GenWel Capital LLC nor its affiliates is a broker-dealer.