Avondale Private Lending is an established investment fund specializing in short-term, asset-backed private lending. For more than a decade, we have focused on residential real estate loans in Texas, leveraging our local expertise to generate consistent, income-oriented returns.
Since 2016, Avondale has originated over $500 million in loans and delivered stable 9-10% annual returns to more than 160 investors.
Investors gain access through Avondale Private Lending LLC (the “Fund”), a private lending REIT designed to generate attractive, tax-efficient income. The Fund’s objective is to deliver net annual returns of 9-10% by originating and managing a diversified portfolio of short-term, business-purpose loans secured by first-lien positions on high-end residential properties.
The Fund’s REIT structure allows income distributions to be treated as qualified REIT dividends, which are generally eligible for the Qualified Business Income (QBI) deduction. This enables most investors to deduct up to 20% of distributed income, without income-phaseout limitations.
As a result, the Fund’s targeted 9-10% pre-tax return is comparable to a 10-11% pre-tax return from non-QBI-eligible investments, depending on an investor’s tax profile.
*Figures above updated on an annual basis.
Submarket Strategy
The fund targets urban-core residential submarkets with long-term price resilience and deep buyer demand.
Key Characteristics
Generate consistent monthly income with attractive annual returns, enhanced by potential tax advantages through the 20% qualified business income (QBI) deduction.
Private lending provides exposure to an income-focused asset class that has historically exhibited lower volatility than public equities and traditional fixed income.
Avondale's principals and their families invest alongside Fund investors in the same share class, ensuring meaningful alignment of interests.
The Fund is approved for both retirement and non-retirement accounts with Charles Schwab and numerous self-directed IRA custodians.
The Fund concentrates on luxury residential real estate, an asset class supported by strong demographic demand, limited supply and resilient long-term fundaments.
Since inception in 2016, Avondale has originated over $500 million in loans while delivering stable 9-12% returns through multiple market cycles.
Since inception, the Fund has delivered consistent annual returns ranging from approximately 9–12%, with monthly income distributions.
We are proud to have funded over 800 loans and over $500 million since inception. Here are examples of some of our renovation and new construction loans.










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Hear what our customers have to say about us
“I have been an investor since the fund started and for years I have witnessed APL’s sustained growth, combined with a very professional and administrative approach. It is particularly important to me to see APL navigate market shifts and economic changes, while keeping the long-term success of the fund as the main goal. Every investor would feel confident to invest in a fund with this kind of ability. I trust John’s APL leadership.”
Investor
“Avondale is a fantastic lender! We’ve done many projects with them in Austin and hope to do many more. They have been a great partner for our business. They’re fast, responsive, agile, and give us a competitive advantage. We’re so glad we found Avondale! They’ve been our secret weapon.”
Borrower
“I was thinking about the half dozen investments that I have in similar funds and why I have the bulk of my money with Avondale. How much family money that is invested at APL makes it totally unique. This helps an investor sleep at night knowing that John will look out for the his investors more than anything. This is a big deal for me. They stick to the knitting close to where they live and work. They can reach out and touch where they do business. I like that they keep the business local. Also, Avondale has good reporting every month and the year-end audit comes out quickly compared to other funds. The returns have been competitive and higher than most.”
Investor
“I keep my money with Avondale not only because I have known the Spears family and have been friends since childhood, but because I trust the way John runs his business—just like he runs his life—with faith, family, and friends at the core. His values give me complete confidence in how my finances are managed.”
Investor
Disclaimer: The material presented on Avondale Private Lending LLC’s website is for informational purposes only and should not be construed as investment or other professional advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy or investment product. Offers to sell, or solicitations of offers to buy any security can only be made through the applicable private placement memorandum, including documents attached thereto, related to the applicable fund, which offering documents contain important information about investment objectives, risks, fees and expenses. Investing involves risk, including loss of principal. In addition, past performance does not guarantee or indicate future results. Prospective investors should consult with a tax or legal advisor before making any investment decision in any applicable fund.
“Thank you for your interest in Avondale Private Lending. At this time, we aren’t taking new loans but please check back with us for your next project”