Get early access to exclusive deals by joining the Investor Club

About Aspen Funds

Aspen made the 2020, 2021, and 2022 Inc. 5000 list of fastest growing companies in America!

Our Track Record by the Numbers

Investor Capital Managed
$ 0 M +
Assets Under Management
$ 0 M +
Years Track Record
0 +
Investor Distributions Since Inception
$ 0 M +
Our Start In Mortgage Notes

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 to design an alternative investment fund that would provide alternatives to the stock market with excellent investor returns, but without the volatility of traditional investment options.

Jim has spent a 30+ year career in real estate, and in 2010 began looking into investing in notes or mortgages. Through all his experience in real estate, he understood that being the lender was 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.

After a meeting with Bob Fraser, the idea for Aspen Funds was created. With Jim’s 30-year background in real estate and Bob’s 20-year background in finance, they raised capital for their first fund and began investing in notes. Since then, Aspen Funds has steadily grown over the past 10 years, now managing 5 different funds. And because of our track record and reputation in the industry, many new and significant opportunities have opened up to Aspen, and therefore are actively raising capital.

Meet Our Management Team

Robert Fraser

Robert Fraser is a finance and technology executive with over 20 years of experience who is passionate about educating others about alternative investments. In 2012, he co-founded Aspen Funds, a ...

James Maffuccio

Mr. Maffuccio is a 30-year real estate veteran and an expert in mortgage notes. He is deeply networked in the secondary mortgage industry and is responsible for acquisitions and underwriting ...

Dan Schulte

Mr. Schulte was formerly a Managing Partner at B12 Capital Partners, a private equity firm that focused on the acquisition of mid-market manufacturing and distribution companies in the Midwest. While ...

Ben Fraser

Ben Fraser is the Chief Investment Officer at Aspen Funds, where he combines his analytical nature with a passion for delivering outstanding client service and strong returns through out-of-the-box investments. ...

John Briseno

John spent 18 years with James B. Nutter & Co., a national residential lender, most recently as a Loss Mitigation & Default Counseling Manager, where he managed a large team, ...

ILB 40

Tom Boren

Tom has been in the real estate note industry for nearly a decade. He is primarily responsible for note acquisitions, note sales, and developing key relationships to create and maintain ...

Our Popular Offerings

Recently Published Articles

Be the First to Know

Stay updated on our latest offerings, macroeconomic insights, and exclusive opportunities.