OZFund, Inc.

OZFund, Inc.

A Community Housing Development!

Security Type
Convertible Note
Real Estate
Min Investment
Lancaster, PA
Offering Date
August 17, 2020
Expected Close Date
December 16, 2020
Target Raise
Deal Notes

Annual Interest Rate: 5%

Discount Rate: 20%

Maturity Date: 2 years

Company Description

OZFund, Inc. is building a $15.0 million, 88,000 square foot planned mixed-use development located at the corner of South Queen Street and Furnace Street, a visible corner on a commercial corridor in the City of Lancaster, Pennsylvania (the "Project"). The site is the former Rebmans Warehouse variety store located at 800 South Queen Street, Lancaster, Pennsylvania 17603. The Project is situated on a one and a half-acre site and is poised to create a catalyst for positive change by bringing new commerce and high-quality affordable housing to the community. When complete, the Project will comprise of a mixture of old and new. The building and residential units will be equipped with high-tech voice/phone control and security systems.

Key Deal Facts

According to the Pennsylvania Housing Finance Agency, low-income households and minorities are disproportionately burdened by housing costs. *Pennsylvania Housing Authority (PHFA)
Nearly all (78%) of the net growth in households between 2000 and 2017 has been among renters, who now make up nearly a third (31%) of all Pennsylvania households. *PHFA
Due to decreased availability of low-cost rental units, rent now consumes nearly 30% of the median household's income. *PHFA
The OZFund is supported by local community organizations, city council and others. The need for affordable housing has never been greater.
The team of experienced property developers, working with a knowledgeable architect, designer and construction company will create safe, affordable, sustainable living spaces.

Management Team / Advisory Board Bios

Jeremy Feakins - FOUNDER AND CEO

Jeremy has over 35 years of experience building successful entrepreneurial ventures. A British born, naturalized US Citizen, Jeremy has led start up and early stage companies from concept through public listing in both the US and Europe. Jeremy is the founder of the JPF Venture Group, Inc., an investment company focused on organizing Opportunity Funds as described by the Tax Cuts and Jobs Act. From 1990 - 2006, Jeremy was the Founder, Chairman and CEO of Lancaster, PA-based Medical Technology & Innovations, Inc. (MTI). Under his leadership, MTI developed and built a microprocessor-based vision-screening device designed to detect early signs of vision disorders in young children. In 1996, he managed the US public listing for MTI and subsequently sold the rights for the vision-screening device to a major international eyewear company. After starting JPF Ventures in 2007, Jeremy invested in Ocean Thermal Energy Corporation and now serves as its Chairman of the Board. Under Jeremy’s leadership, this sustainable energy and water production company has secured contracts and agreements to design, build, own and operate several large-scale utility-grade renewable energy and water plants. The Company has attracted over $30 million in private equity and more than $120 million in senior debt project financing. Jeremy graduated from the UK Defence College and is a seven-year Veteran of the British Royal Navy and served in the Accounting and Secretarial Branch.


Finance professional and real estate investor with over 10 years of experience. Jordan has an MBA as well as a Bachelor's degree in Mathematics and Business Management. He also coaches basketball and is a co-founder of a not-for-profit basketball club.


Cinthia Kettering is a community leader and entrepreneur with over 20 years of experience in finance and over 12 years of experience in the insurance and real estate investment industry. She has been the recipient of several awards for business leadership and community contributions. Cinthia has an Associate Degree in Banking Technology, a Bachelor’s Degree in Law and she is currently pursuing a Master's Degree in Financial Planning. Cinthia volunteers many hours of her time to different non-profit organizations and serves on different advisory boards such as Fulton Bank and CASA.

Deal Notes

Annual Interest Rate: 5%

Discount Rate: 20%

Maturity Date: 2 years

Amount Raised : $0
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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