Project Nehemiah
Acquiring a profitable, 25-year-old California general contractor to build a nationwide Christian construction platform. Preferred stock for verified accredited investors.
Christian Capital. Boldly Deployed.
We are acquiring a profitable, 25-year-old California general contractor and building it into a nationwide Christian construction platform. Accredited investors can participate in preferred stock paying 8–12% annually, or in a non-dividend class with a lower minimum, in each case with a defined exit.
Open to verified accredited investors only.
The opportunity in brief
- A profitable general contractor with a 25-year record, approximately $73.6 million of combined revenue in 2025 and a combined adjusted EBITDA margin of approximately 19%.
- Blue-chip, largely public-sector and institutional customer base — cities, counties, school and sanitary districts, universities, and state and federal facilities — plus commercial and aerospace work.
- The founder stays on as CEO and rolls a meaningful portion of his proceeds into the platform, so his money rides alongside yours.
- Preferred stock, not common — you sit ahead of the sponsor’s equity, with a fixed dividend and a contractual exit.
- This is the first acquisition, not the only one. Cash flow from the platform is intended to fund additional construction-company acquisitions across the country.
The plan, in plain English
- Buy well. We are acquiring the company on negotiated terms, with the founder retaining an ownership stake and continuing to lead it.
- Operate it faithfully. Honest estimating and billing, promises kept, subcontractors and suppliers paid on time, excellent work, generous treatment of employees. We believe this is both right and commercially durable — in construction, reputation is the currency.
- Then build. Use the platform’s cash flow, additional financing, and further offerings to acquire more construction and construction-related companies, growing capacity, geography, and value over time.
“Come, let us build up the wall of Jerusalem, that we be no more a reproach.”— Nehemiah 2:17
Investment terms
| Class A | Class B | Class C | Class D | |
|---|---|---|---|---|
| Price per share | $100,000 | $50,000 | $25,000 | $5,000 |
| Annual dividend rate | 12% | 10% | 8% | None |
| Dividend per share, per year | $12,000 | $5,000 | $2,000 | None |
| Minimum purchase | 10 shares ($1,000,000) | 10 shares ($500,000) | 10 shares ($250,000) | 10 shares ($50,000) |
Common to all four classes:
- Quarterly dividends on Classes A, B, and C, cumulative — if a payment is paused, it accumulates and must be paid before any dividend reaches the sponsor’s common stock. Class D pays no dividend at any time; a Class D holder receives nothing until the shares are redeemed, and redemption is not assured.
- Company buyback option: the company may repurchase your shares at 2× your purchase price during the first five years, or 3× at any time after that, in each case plus accrued dividends.
- Your sell-back right: beginning at year seven, you may require the company to repurchase your shares at 3× your purchase price plus accrued dividends, payable within 90 days.
- No voting rights. The board directs the business; preferred holders hold economic rights, not governance rights.
- The offering ceiling is $45,000,000 across all four classes. Because the shares authorized across the four classes add up to more than that ceiling, the classes compete for it: no class carries guaranteed capacity, and we allocate among them at our discretion.
- The acquisition has not closed and may not close. The letter of intent is not binding as to the transaction, and either party may withdraw.
What the numbers look like
If every quarterly dividend is paid on schedule and shares are repurchased at year seven (Class D pays no dividend, so its entire return arrives at redemption):
| Class A | Class B | Class C | Class D | |
|---|---|---|---|---|
| You invest | $100,000 | $50,000 | $25,000 | $5,000 |
| Dividends over 7 years | $84,000 | $35,000 | $14,000 | None |
| Year-7 repurchase | $300,000 | $150,000 | $75,000 | $15,000 |
| Total cash returned | $384,000 | $185,000 | $89,000 | $15,000 |
| Multiple on investment | 3.84× | 3.70× | 3.56× | 3.00× |
| Annualized rate of return | 26.0% | 24.4% | 22.8% | 17.0% |
This is an arithmetic illustration of the instrument’s stated terms, not a projection, promise, or forecast. It assumes every dividend is paid on schedule and the repurchase is paid in full and in cash. Actual results will differ, dividends may be paused, and an investment can lose money. Figures are before taxes.
Who is behind it
Reece Fund is the sponsor. David Reece — founder, executive, and a pastor at a Reformed church in Phoenix — has spent his career buying and building profitable, unapologetically Christian companies. He leads this platform as its sole director and chief executive.
The platform is supported by an in-house management team providing legal, finance, accounting, technology, and human-resources services to each company acquired.
Who can invest
- Accredited investors only, and every investor’s accredited status must be verified — a self-certification is not sufficient. Verification is straightforward and explained in the data room.
- Individuals, entities, trusts, and self-directed IRAs may participate.
- You commit now and fund later. You sign a subscription agreement, and funds are called by email when the acquisition is ready to close. Nothing is wired at signing.
- Funds delivered are held separately and are not deployed until closing. If the acquisition has not closed by August 1, 2027, subscriptions terminate and funds are returned.
Next step
Four steps to the full picture:
- Request access — send your name, email address, and phone number so our team can review your request.
- Sign the confidentiality agreement — approved investors receive the NDA by email. Sign it and verify your email address to enter the data room.
- Read the offering materials — the Confidential Offering Memorandum and its exhibits contain the complete terms, the company’s financial information, the conflicts of interest, and the risk factors.
- Complete the investment documents — execute the investor subscription agreement and upload your accredited-investor verification and completed W-9 or other applicable tax form.
Questions? Contact invest@reecefund.com.
Important information
This page is a summary for discussion purposes and is not an offer to sell or a solicitation of an offer to buy any security. Any offer is made only by the Confidential Offering Memorandum and the subscription documents, which contain the complete terms of the offering, the conflicts of interest, and the risk factors, and which must be read in their entirety before investing.
The securities are offered under Rule 506(c) of Regulation D and are limited to investors whose accredited status has been verified. The securities have not been registered under the Securities Act of 1933 or any state securities law, and no federal or state agency has approved, disapproved, or passed upon the merits of the offering.
An investment in preferred stock of this kind involves significant risk, including the risk of losing the entire amount invested. Among other things: dividends are payable when and as declared by the board and may be paused for a definite period or indefinitely (paused dividends accumulate without interest); the Class D preferred pays no dividend at any time and returns nothing until its shares are redeemed, which may never occur; the acquisition is substantially debt-financed, and lenders and other creditors are paid before investors; the company’s obligation to repurchase shares depends on its ability to pay, and if a repurchase is not paid within 90 days it converts into an unsecured note; the shares are restricted, cannot be freely transferred, and no market for them exists or will exist; the company may repurchase your shares at the stated prices at a time of its choosing; and additional pari passu preferred stock, and other equity or debt securities of the company and its subsidiaries, may be issued. Past performance of the company to be acquired is not indicative of future results.
Statements about future plans, including additional acquisitions, are forward-looking and are subject to change; no assurance can be given that any additional acquisition will be identified, completed, or profitable.