Aspen Funds was started by Bob Fraser and Jim Maffuccio in early 2012 to take advantage of a unique opportunity in residential real estate notes. Experiencing the volatility of the stock market, and seeing investors take large losses in their portfolios, Bob and Jim were determined design an investment fund that would provide excellent investor returns, but without the volatility of traditional in
vestment options. Jim has spent a 30+ year career in real estate, and in 2010 began looking into the mortgage notes space. Through all his experience in real estate, he understood that the financing was always the key, and that through all the ups and downs of real estate investing, it was the banks who always seemed to survive and thrive. By the end of 2011, he was fully engaged developing key relationships and investing in the mortgage industry. With Jimโs 30-year background in real estate and Bobโs 20-year background in finance, they raised capital for their first fund. Since then, Aspen Funds has steadily grown over the past 6 years, now managing 3 different funds. And because of their track record and reputation in the industry, many new and significant opportunities have opened up to Aspen, and therefore are actively raising capital.
