Building wealth for communities through real estate lending and investing.
Our Story
Since its inception in 2006, Legacy Group Capital (LGC) has distinguished itself as a leading private lender. Our expertise lies in cultivating strong returns through strategic engagement in real estate investing and lending opportunities.
We take pride in providing a fast and flexible lending platform that empowers builders, real estate investors, and homeowners to achieve their real estate objectives. Our diverse portfolio, encompassing construction loans, rehab financing, and bridge loans, among others, reflects our common-sense approach to lending, offering creative financing solutions that extend beyond standard guidelines.
Beyond lending, LGC strategically acquires developable real estate properties, seamlessly integrating them into our investment funds or assigning them to local builders. We additionally provide comprehensive real estate services including due diligence, permitting assistance, bookkeeping services, and added support to our local builders.
LGC’s commitment to excellence extends to our investment funds, maintaining a reputable track record with zero investor losses and a decade-long history of consistently yielding impressive annual returns. Our offering includes a diverse family of funds thoughtfully designed to cater to various accredited investors. Within the portfolio, certain funds prioritize high liquidity, ensuring investors have flexibility and access to their capital when needed. Meanwhile, other funds are strategically crafted to target higher return rates, aligning with the goals of those seeking enhanced profitability over time.
Our Track Record
Total Portfolio
*THROUGH MARCH 31, 2025
Sustained Success
We have built a consistent track record of sustained success through prudent real estate lending and development in the Seattle area. By maintaining this successful strategy, we look to continue delivering high-value returns to our investors year over year.
2,156+ units closed Over $2.299 billion in loans funded Zero Negative Returns Since Inception
Our Advantage
Funds approved by the Depository Trust and Clearing Corporation (DTCC)
Unparalleled experience in the space and geography
The DTCC’s approval of the Legacy NW Fund, LLC (NW), Legacy Opportunity Fund, LLC (LOF I), Legacy Opportunity Fund II, LLC (LOF II), and Legacy Venture Fund (LVF) allow our funds to be listed on U.S. custodial platforms. Investors with brokerage accounts at custodians such as Charles Schwab and Fidelity can locate LOF I by its NSCC number, 940716280001, LOF II, 940722139001, and LVF, 940723333001.
LGC executives have originated commercial, residential, bridge, and construction loans in the Western U.S. for an average of 18 years each. LGC team members have deep backgrounds in lending, construction, and property improvement.
Differentiated, rigorous, and timetested underwriting
Diversification
Builder Services
Consumer Lending License
The LGC team has managed successful lending businesses through every stage of the real estate cycle – including the most difficult.
LGC’s diverse lending strategy allows the investment team to adapt to changing market conditions, assembling an optimal portfolio based on trends and forecasts.
LGC has provided construction lending, mezzanine financing, real estate acquisitions, and bookkeeping services to over 100 local builders.
LGC maintains its consumer lending license, which allows us to lend to owner-occupied borrowers. These owner-occupied loans can be bridge loans, rehab loans, and custom construction loans.
Our Funds
Legacy Group Capital, LLC offers five separate real estate funds to meet investor needs; Legacy NW Fund, LLC, Legacy Opportunity Fund, LLC, Legacy Opportunity Fund II, LLC, Legacy Security Fund, LLC, and Legacy Venture Fund, LLC. Our investment platform offers accredited investors access to some of the hottest real estate markets in the country.
Northwest Fund
The Legacy NW Fund, LLC (NW) is a $150 million evergreen fund offering accredited investors an investment in asset-backed real estate and construction loans. The Fund focuses on bridge financing, construction and rehab lending for owner and non owneroccupied properties. Investors receive a two year note at an annualized 9% return.
Legacy Opportunity Fund I
Legacy Opportunity Fund II
Legacy Security Fund
The Legacy Opportunity Fund, LLC (LOF I) is a $150 million evergreen fund. Our portfolio features a variety of real estate loans and up to 50% of the fund can participate on the equity side of transactions. Accredited investors purchase membership units and receive an annualized 8% preferred return paid monthly plus 70% of the profits paid quarterly. The Fund focuses on bridge financing, construction and rehab lending for non owner-occupied properties.
The Legacy Opportunity Fund II, LLC (LOF II) is a $150 million evergreen fund. Our portfolio features a variety of real estate loans and can hold up to 33% of the fund in direct real estate as well as up to 33% in mezzanine loans. Accredited investors purchase membership units and receive an annualized 8% preferred return paid monthly plus 70% of the profits paid quarterly. The Fund focuses on bridge financing, construction and rehab lending for non owner-occupied properties.
The Legacy Security Fund, LLC (LSF) is a $150 million evergreen fund for the investor looking for shorter term liquidity options. The fund focuses on first lien deed of trust loans for single family homes and up to four unit properties with borrowers being preapproved for a takeout loan upon closing. The fund offers two separate share classes providing investors with different liquidity options to meet their investment needs.
Legacy Venture Fund
The Legacy Venture Fund I, LLC (LVF) is a $50 million evergreen fund offering mezzanine financing to borrowers for single family residential construction. Accredited investors will receive a 12% preferred return plus 70% of the profits paid annually.
Legacy Northwest Fund
Portfolio Loan Status
Bank Lines of Credit
Portfolio Allocation
Legacy Opportunity Fund I
Portfolio Loan Status
Bank Lines of Credit
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Legacy Opportunity Fund II
Portfolio Loan Status
Bank Lines of Credit
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Legacy Security Fund
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Legacy Venture Fund
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Inception*
Partners
Scott Rerucha CEO
Scott Rerucha is the CEO and co-founder of Legacy Group Capital and has over three decades of indispensable industry experience. As CEO and managing partner, Scott provides leadership for all aspects of the company’s operations with an emphasis on long-term goals, development, profit, and return on investment. Before Legacy Group Capital, Scott held successful tenures with numerous financial institutions throughout the Puget Sound Region. In 1993, he founded Bay Mortgage, which became one of the largest mortgage banking operations in the state of Washington. After Bay Mortgage was acquired, he founded Sky Bank, a new de novo bank, which was successfully sold in 2003 to First Independent Bank of Vancouver, WA. In 2006, Scott co-founded Legacy Group Holdings, the parent company to Legacy Group Capital, Legacy Group Lending, and Legacy Group Escrow. The Legacy Group family of companies experienced substantial growth and success, which was recognized with several industry awards, including the Fastest Growing Private Business as well as the Best Companies to Work. By 2013, Legacy Group’s mortgage company had become one of the top 25 mortgage banking operations in the country and was successfully sold to WJ Bradley of Denver, CO. Legacy’s growth and service level has made them the premier private lender in the PNW. Scott earned his Bachelor of Arts in Finance and Economics from Seattle University. While attending Seattle University, Scott was a scholarship athlete on Seattle University’s tennis team.
Brent Eley
NMLS-35795, President
Brent Eley is a Partner and co-founder of Legacy Group Capital. Upon becoming President in 2008, he led the design, structure, and implementation of three Regulation D Funds with offerings totaling over $150 million. He exclusively developed the Funds’ underwriting criteria, marketing platforms, and administrative functions. As President and managing partner, he oversees and actively manages the Legacy Northwest Fund, Legacy Opportunity Fund I and II, and Legacy Security Fund portfolios. Brent has over two decades of industry experience and has cultivated high-level acuity in commercial, construction, private, and residential lending. He began his career originating loans for Bay Mortgage and soon became a top producer in the industry. In 2003, he was brought on as President of Pinnacle Mortgage. He then served two years as Senior VP of First Independent Bank, formerly Sky Bank, running all construction and private lending. Brent was an original partner in Legacy Group Holdings and played an integral role in developing it into an industryleading, billion-dollar mortgage banking operation, serving as President of Legacy Group Capital’s private lending division. Brent earned his Bachelor of Arts in Business Administration from Washington State University.
Chris Gurdjian CSO
Christopher Gurdjian is the Chief Strategy Officer and a managing partner at Legacy Group Capital. Chris has been active in real estate since 1999, when he entered the industry as a new loan officer at Bay Mortgage. Soon after, Chris purchased and developed his first real estate project deal with Brent Eley. This experience propelled Chris forward in the Seattle in-fill development arena. Over the past 18 years, Chris has participated in well over 1,200 residential development transactions and partnered in constructing over 700 homes in the Seattle metro region. Today Chris drives all business development for the real estate team at Legacy Group Capital. Chris and his team work closely with 35 of Seattle’s most successful brokers, identifying 60-100 acquisitions each year. The team completes all feasibility work, maximizes development strategies, and expedites all permitting within the jurisdictions Legacy develops within. The team then places each deal with one of the 90 core builders who partner with Legacy on an ongoing basis. Chris is active in all aspects of growth and strategy within Legacy Group Capital.
Partners
Ed Messman
NMLS-100527664, CIO
Ed Messman is the Chief Investment Officer of Legacy Group Capital and has over two decades of executive leadership experience with venture capital and private equity-sponsored technology companies. As CIO and partner, Ed provides leadership for all aspects of the company’s investment and capital markets activities. Prior to Legacy Group Capital, Ed served as the CEO of Rook Capital, a venture capital-sponsored fintech company focused on creating innovative financing solutions that address housing accessibility and affordability. In addition, Ed has also led multiple startups as a founder and CEO through institutional financing and ultimately to merger and acquisition exits. Ed spent the first 13 years of his career in structured finance, working with hundreds of venture capital and private equity-sponsored technology companies on senior, mezzanine debt, and equity financing. Ed earned his Bachelor of Science in International Finance from Grand Canyon University and his MBA in Finance from the University of Colorado Boulder. While attending Grand Canyon University, Ed was an athlete on Grand Canyon University’s baseball team. Ed currently lives in Boulder, Colorado, with his wife and are parents to three adult children.
Kevin Cawley serves as the Chief Technology Officer for Legacy Group Capital. Kevin began his career as a Mechanical Engineer upon graduation from the University of Texas. Soon after, he transitioned to software development and entrepreneurship, receiving his master’s in computer science from the University of Colorado Boulder. Kevin then developed cutting-edge technologies and applications for several successful startups he co-founded, guiding them from inception to sustainability and exit. Most notably, Kevin co-founded DigniFi, a fintech startup that addresses financing gaps in the automotive industry. At DigniFi, Kevin built the digital platform that enabled them to grow into 5,000 automotive dealerships and close over 10,000 loans a month. Kevin recently took those learnings and shifted to the real estate space with Rook Capital. In his free time, Kevin enjoys being active with his four kids. He can often be found cycling while wearing a big smile and a colorful spandex suit on one of Colorado’s many mountain roads.
Ed Bachtold Managing Partner of Finance
Ed Bachtold is the Managing Partner of Finance for Legacy Group Capital and is responsible for Legacy’s financial strategy and objectives. He is a Certified Public Accountant with over two decades of industry experience. He began his career in public accounting, where he spent four years gaining expertise in financial analysis and managing account systems. Ed then transitioned to the mortgage business serving as CFO of Qualfund Lending, which First Independent Bank later acquired; he was instrumental in the acquisition’s success. Following the merger, Ed remained CFO for First Independent Mortgage Company, a subsidiary of First Independent Bank. In 2006, Ed co-founded Legacy Group Holdings, which owned Legacy Group Capital, Legacy Group Lending, and Legacy Group Escrow. Ed managed all accounting for Legacy Group Holdings which was ranked among the top 30 mortgage lenders in the country. Ed is a graduate of Washington State University.
Kevin Cawley
Partners
Jarrett Johnson Director of Asset Management
Jarrett Johnson has been a partner at Legacy Group Capital since 2015. As a fully licensed Real Estate Broker with over two decades of diverse experience in management, land development including new construction, syndication, and banking; Jarrett’s expertise has provided Legacy Group Capital with great oversight and asset management. Jarrett started his career in real estate in 2001 representing local banks and their REO departments by disseminating their foreclosed assets. After years in REO sales, Jarrett parleyed his experience from his successful real estate career into the acquisition and development arena. He was a founding partner of Meter Properties which has syndicated many successful real estate transactions within Washington and along the West Coast. Jarrett’s experience in real estate, syndication, and investments are invaluable to the growth of the Legacy Group Capital platform.
Chris Steward Director of Investments
Chris Steward is a partner at Legacy Group Capital and was essential in the development of the investor relations framework for Legacy’s two real estate funds. Chris currently manages a book of business with high-net-worth investors providing investment and economic insight. Prior to Legacy Group Capital, Chris owned and operated a financial services franchise with Ameriprise Financial under the name Steward & Walters, which managed over $100 million in client assets when the company was sold. In 2009, he partnered with his wife in operating Lam’s Seafood. Under his management, the company grew from $8 million in revenue to $19 million and was ranked as one of Forbes’s Fastest-Growing “Inner City Businesses” in the Country. After selling both Steward & Walters and Lam’s Seafood in 2015, he joined Legacy Group Capital as a partner and investment advisor of Legacy Group Capital.
