FAJR INCOME FUND

A 506c Fund with Detroit Rental housing

$10M
Target Raise

Initial fund capitalization

8%
Income Objective

Annualized, paid quarterly from available cash flow

5 yrs
Target Term

Designed for patient capital

0%
Fund-level Debt

All-equity acquisition posture

The Foundation

A focused, repeatable model.

Acquire, renovate, stabilize, and hold.

Single-Asset Class Focus
No Debt at the Asset Level
Operating Ecosystem

A vertically integrated local platform built around the fund.

Fajr Income Fund Debt-free income platform

FF1 Proof + Candidate Pool

$2M+ fully deployed, 20+ properties under rehab; near-term candidate visibility for FIF review.

Amin Realty

100+ agent network for sourcing, market intelligence, broker relationships, and transaction flow.

DMTA Title

Title coordination, closing support, and transaction certainty.

Omni PM

70+ SFH/MFH under active management with leasing, tenant relations, and maintenance coordination.

Construction

Scopes, timelines, rehab oversight, cost controls, and stabilization support.

Capital + Reporting

Investor relations, governance, reporting cadence, and disciplined allocation process.

Affiliate relationships and related-party transactions require disclosure, conflict review, and arm's-length discipline.

Comparative Context

Our Approach

Comparison of Fajr Fund model to leveraged real estate funds and public REITs
Fajr Fund Model Leveraged Real Estate Funds Public REITs / Market Alternatives
Real, physical assets Real assets Indirect asset exposure
Debt-free at asset level Debt at asset level Market price volatility
Active operational oversight Operator oversight varies No operational influence
Transparent reporting Reporting varies Public-market correlation
Income-first discipline Rate sensitivity High liquidity
The Detroit Thesis

Detroit housing with disciplined execution.

Disciplined rehab can deliver stable income and useful housing.
138.7Detroit sq. miles
$100KMedian listing price
+33%3-year listing change
~50/50Owner / renter split

Why this works

  • Real assets in a supply-constrained market.
  • Debt-free asset posture.
  • Execution-led value creation.

Operating focus

Basis discipline, quality rehab, and stable tenancy.

Income-first approach.

Fund Snapshot

Simple structure. Clear priorities.

$10MInitial raise

Phase I target.

$50MPlatform vision

Scale with execution.

0%Fund-level leverage target

Equity-first design.

5 yrsTarget term

Subject to final docs.

Investor economics

Target up to 8% annualized income, paid quarterly from available cash flow.

Priority

Preserve capital. Generate income. Capture selective upside.

01

Acquire

Disciplined basis.

02

Improve

Controlled rehab.

03

Operate

Local management.

04

Report

Quarterly updates.

Operating Leadership

The fund is led by two complementary operators: local execution and capital discipline.

Nabil Syed

Nabil Syed

Founder & Projects Managing Partner

Detroit operator with 10+ years in the market, more than $100M in transaction activity through the broader Amin Realty ecosystem, and direct leadership over a 100+ agent brokerage platform. Nabil leads sourcing, underwriting, rehab execution, project oversight, and local operating coordination.

Faseh Mohammed

Faseh Mohammed

Capital Managing Partner

Capital strategy, investor relations, governance, reporting discipline, and institutional communication. Faseh brings a technical and sales leadership background, translating operational execution into a clear, diligence-ready investment story for serious capital partners.

Local judgment

Ability to understand neighborhood-level basis, rehab requirements, tenant demand, and exit optionality.

Execution control

Acquisitions, construction oversight, leasing, PM, and title coordination are close to the asset.

Investor discipline

Clear reporting, conservative pacing, and a governance mindset designed for institutional capital.

Scale Roadmap

Raise. Deploy. Report. Improve. Then scale.

$10MPhase I

Initial raise and controlled deployment over approximately 6-12 months, using FF1 candidate visibility and broader realtor-driven sourcing.

~100 doorsAnnual capacity target

Grow acquisition capacity only as rehab velocity, leasing, PM capacity, reserves, and reporting rhythm prove durable.

$50M24-month vision

Build toward a larger ethical income platform after the first raise proves execution quality and investor reporting discipline.

01

Source

FF1 visibility + 100+ agent network.

02

Screen

Basis, title, rehab, rent, neighborhood.

03

Stabilize

Rehab, lease-up, reserves, PM onboarding.

04

Distribute

Quarterly income target from available cash flow.

05

Report

Portfolio updates, financials, K-1 coordination.

The first $10M has to make the next $40M obvious — not through hype, but through proof.
FIF return model

Illustrative return model.

Investment Amount $100,000
$100K$1M
Investment Duration 5 Years
5 Years10 Years
Exit appreciation scenario

3% / 6% / 9% annual appreciation scenarios.

  Book Investor Call
$8,000
LP annual distribution (capped)
$40,000
Total LP distributions (hold)
$0
After-tax economic benefit (illustr.)

Illustrative only. Not tax advice. Not an offer.

The Ask

Partner in the first raise.

1. Share interest range

Preliminary indication only.

2. Review the model

Underwriting, governance, reporting.

3. Join the first close

Anchor aligned capital.

4. Scale with proof

Expand only after execution.

Important disclosures

For discussion only. Not an offer. Any investment is made through definitive offering documents.

Take the First Step

Ready to discuss the strategy in detail?

The intro call is structured, direct, and honest. We'll cover the model, answer questions, and determine together if it's the right fit.