Faes & Co Income Fund · For physicians and medical professionals
Passive income. Built for busy professionals.
A real estate-backed private credit fund designed to pay accredited investors a consistent quarterly income — without asking for your evenings, weekends or a second career as a landlord.
Your scarcest asset is time
High income, low time, high liability — the physician's investment dilemma. You spent a decade training and work longer hours than almost any other profession. Your investments should not be another job. The Faes & Co Income Fund is built to do one thing well: pay a consistent, asset-backed income, quarter after quarter.
Physicians earn well, but a high income does not guarantee long-term wealth. Limited time means you are focused on patients, not markets; a career with real legal and financial liability means capital preservation matters more than for most; and after a day of critical decisions, investing should not feel like another one. Building wealth is not only about returns — it is about protecting your time, your capital and your peace of mind.
Private credit sits in between. The Fund lends to professional property investors on short-term, first-lien loans secured against residential real estate across the United States, originated by our own lending platform, F2 Finance. You receive the interest; we do the underwriting, servicing and, where necessary, the enforcement.
9.5%
Target return per annum †
Quarterly
Distributions paid, or reinvested
90 days
Liquidity, after initial 12-month lock-in
Webinar replay · 56 minutes · with Physicians on FIRE
The Doctor's Guide to Navigating Risk in Real Estate Investing.
In January 2026 Christian Faes joined Jorge Sanchez and the Physicians on FIRE community for a candid session on how physicians can add real estate exposure without taking on landlord risk: what sits behind the Income Fund's target return, how first-lien bridge lending is underwritten, where the risks really are and how they are managed, and how physicians are investing — personally, through practice entities and through self-directed retirement accounts.
Watch the replay
Tell us who you are and the replay will start right here. We'll also send you the Fund factsheet.
From the webinar · Where lending sits on the risk spectrum
Not all real estate exposure carries the same risk.
Real estate is often lumped together as one asset class. In practice, lending against property, owning your own home, running rentals and investing in syndications sit at very different points on the risk curve — and the difference comes down to one question: who absorbs the first loss?
Senior-secured lending · the Income Fund
You are the lender
Senior-secured debt, protected by the borrower's equity. On a typical loan the borrower contributes 35–40% of the property's value; our capital is repaid first. No tenants, no management, no leverage on your money.
Buying a home
Your primary residence
Relatively low risk, but it ties up capital in a single personal asset, produces no income and depends on one local market.
Owning a rental
Sounds passive. Rarely is.
Tangible asset and some tax advantages — alongside maintenance, vacancies, tenant risk, legal exposure and a management burden that lands on your evenings.
Syndications
Attractive, but you are first-loss
Access to larger deals and appealing projections, but as an equity investor you absorb losses before the lender does, leverage amplifies downside, capital is illiquid, and underperformance against projections is common.
Why medical professionals choose the Fund
Income that works around a demanding schedule.
01
Income, not a second job
No tenants, no contractors, no property managers. The Fund targets a fixed quarterly distribution, and you choose whether to take it in cash or reinvest it to compound.
02
Secured by real assets
Every loan is secured by a first mortgage against residential property, with a portfolio-wide loan-to-value of around 60% — meaning borrowers have meaningful equity behind our capital.
03
Tax-efficient routes in
Many physicians hold the Fund in a self-directed IRA or solo 401(k), where quarterly income accumulates tax-exempt. Trusts and practice entities can also invest.
04
Run by lenders, not marketers
Our team has spent 18 years building and running bridge lenders in the UK, Ireland, Australia and the US. We originate, underwrite and service every loan ourselves.
How the Fund works
Short-term loans to professional property investors, secured on the property.
1
F2 Finance originates
Our group lender, F2 Finance, lends to experienced property investors who buy, renovate and sell or refinance residential homes. Loans are typically 6 to 18 months.
2
The Fund holds the loans
The Income Fund invests in that proprietary deal flow — a diversified book of first-lien loans across multiple states, borrowers and properties. Average loan size is under $1 million.
3
You receive the income
Borrowers pay interest; the Fund pays you quarterly. An investor protection reserve and a wind-up trigger sit behind the distributions. Full details are in the offering documents.
$5bn+
Funds under management, businesses we've founded and helped build *
200+
People employed in these businesses *
18 years
Managing funds for investors *
* These numbers relate to businesses founded by members of the Faes & Co team, and not solely to the track record of Faes & Co nor the Faes & Co Income Fund. See the full portfolio snapshot, documents and risk management on the Invest page →
Common questions from physicians
The things we get asked most.
Do I qualify as an accredited investor?
Most practising physicians do. An accredited investor is generally an individual with income above $200,000 (or $300,000 jointly with a spouse) in each of the past two years, or a net worth above $1 million excluding your primary residence. We verify this as part of onboarding.
Can I invest through my practice, a trust or a retirement account?
Yes. The Fund accepts subscriptions from individuals, joint accounts, trusts, LLCs and professional corporations, and from self-directed IRAs and solo 401(k)s via a custodian. See our self-directed IRA page for how that works.
How much of my time will this take?
Onboarding is done online and typically takes under an hour of your time, spread over a few days while documents are reviewed. After that, you receive a quarterly statement and a distribution. There is nothing to manage.
What happens if I need my money back?
After an initial 12-month lock-in, redemptions are available on 90 days' notice, subject to the terms of the offering documents. The underlying loans are short-term, which is what makes this possible, but the Fund is not a bank account and liquidity is not guaranteed.
What are the risks?
The main ones are borrower default and a fall in property values. We mitigate these with first-lien security, conservative loan-to-value ratios, diversification across borrowers and states, and an investor protection reserve — but capital is at risk and distributions are not guaranteed. Please read the risk factors in the offering documents.
Next step
Talk to someone who will give you straight answers.
Our investor relations team works with physicians every week. Book a short call, or start onboarding directly if you have already watched the replay and read the factsheet.
† The Fund pays a target return of 9.5% for investments over $250,000; for investments less than this, the Fund pays a target return of 8.5%. Returns are a target distribution rate, are not guaranteed, and are paid at the discretion of the Fund. Capital is at risk. Past distributions are not a guarantee of future distributions. Redemptions are subject to the initial 12-month lock-in, notice requirements and the terms of the Fund's offering documents. This page is for information only and is not investment, legal or tax advice. Physicians on FIRE is an independent publication; its hosting of our webinar is not an endorsement or a recommendation of the Fund, and Faes & Co does not pay it for investor referrals. Interests in the Fund are offered only to verified accredited investors by way of the Fund's offering documents.
Investor relations
Contact our investor relations team
Questions about the Fund, investing through a practice entity or retirement account, or the onboarding process? Michael and Analisa are happy to help.
Michael Tschirley
London. Offshore Investor Relations & Distribution
Analisa Gagliardi
Los Angeles. US Investor Relations & Distribution