NWX Consorcio LP · Seed round · Regulation D, Rule 506(c)
We help people in the United States buy a home or a vehicle without taking a loan, by pooling monthly contributions instead of borrowing.
Already built and operating
- 3
- U.S. offices, with advisors on site
- Live
- Member app on the App Store and Google Play
- Delivered
- Credit letters issued at assembly
- Delaware LP
- Segregated custody at FDIC-insured banks
The problem
Buying a first home now takes $88,000 in cash and a credit file half the country doesn't have
Here is how buying a $400,000 home works today for a working family without an established credit history. Before they make a single monthly payment, they need about $88,000 in cash for the down payment. If they reach that, the bank runs a credit check that roughly 47% of Americans cannot clear, because their file is subprime or does not exist.
If they clear both, a 7.2% rate adds $559,000 of interest across thirty years. They pay for the house roughly twice. The same house costs $1,040 more per month in 2024 than it did in 2021, and nothing about the house changed.
For immigrants the check is not close. Without an SSN and a credit file there is no approval to be had at any income level.
Millions of people are not excluded for lack of effort. They are excluded for lack of an alternative.
The solution
Remove the lender, and the interest goes with it
Members contribute monthly into a segregated pool. Each month the group issues credit letters to members selected on objective criteria, and the recipient buys the asset outright as a cash buyer. Nobody borrows, so nobody pays interest.
| Dimension | Financing a $400K home today | NWX consorcio |
|---|---|---|
| Cash needed to start | $88,000 average down payment | $0 down |
| Cost of borrowing | 7.2% per year, compounding | No interest at any point |
| Interest on $400K over 30 years | $559,000 | $0 |
| Total cost of the arrangement | Interest, origination and monthly fees | 19% of credit value, fixed and all-inclusive |
| Credit gate | About 47% cannot clear it | No credit score used in approval |
| Documents accepted | SSN plus established credit history | Passport, ITIN, SSN or EIN |
Mortgage and subprime figures are market rates used for illustration, not quotes. Allocation timing is set by objective monthly criteria and is not promised to any member on any date.
Traction
What the $2,000,000 is being added to
The program is running. Offices are open, the member app is published, and credit letters have been issued at assembly.
- Physical offices
- Three
- Atlanta (HQ), Orlando and Miami, with advisors on site rather than a virtual footprint.
- Member application
- Live
- Published on the App Store and Google Play by Nwx Management LLC. Handles assembly calendar, bids, results and balance tracking.
- Credit letters
- Delivered
- Contemplation assemblies are running and members have received credit letters.
- Legal entity
- Delaware LP
- NWX Consorcio LP, with NWX Management LLC as general partner.
- Custody
- Segregated
- Member contributions held at FDIC-insured U.S. banks, separate from partnership funds.
- Securities filing
- Form D filed
- Regulation D, Rule 506(c), with accredited status verified before subscription.
How the revenue is earned
A single fixed administrative load of 19% on credit value, charged instead of interest and set at the point a member enrols. It does not float with rates, credit cycles or asset prices. Partnership revenue is a function of one variable: how many members are contributing, and how much.
Market
Every member is worth $1,140 a year in revenue
Built from the bottom up rather than from a market report, using the same assumptions as the financial model.
$500
Average member contribution per month
$6,000
Contributed per member per year
19%
Administrative load on credit value
$1,140
Revenue per member per year
At 12,500 members the load is $14.25MM a year, which is the upside case in the published model. The model reaches it by growing enrolment, not by raising price, because the price is fixed by contract at the point each member joins.
Competition
What members are choosing between
The alternatives split into two groups: options that charge heavily for access, and options that are affordable because nobody is accountable for them.
| Option | Cost | Why members leave it |
|---|---|---|
| 30-year mortgage at 7.2% | $559,000 interest on a $400K home | Requires $88,000 down and a credit file that about half the country does not have. |
| ITIN or subprime loan | Rates above 10% | Available to more people, at a price that transfers most of the value to the lender. |
| Informal savings club | No fee | No legal structure, no custody, no recourse if the organiser stops paying. |
| Saving alone | No fee | Asset prices move faster than the savings rate for most households. |
| NWX consorcio | 19% fixed, no interest | Structured, audited and held in segregated custody, with the total cost known on day one. |
The barrier to copying this is the wrapper, not the idea
The mechanism is public and sixty years old. Running it lawfully in the United States is the hard part: a Delaware partnership, segregated custody at FDIC-insured banks, D&O cover, independent annual audits, credit bureau reporting, physical offices, and a securities posture that survives scrutiny. That structure took time and money to assemble and it is what a new entrant would have to reproduce before signing a first member.
Vision
Brazil runs this at 12.76 million participants. NWX is building the U.S. operator.
Consorcio was created in Brazil in the 1960s as an answer to interest rates that made borrowing irrational for ordinary buyers. It now has 12.76 million active participants and has delivered more than R$1 trillion in credit letters, supervised by the Central Bank of Brazil under Law 11.795/2008. Those are figures for the Brazilian market as a whole, not NWX results.
The conditions that produced it in Brazil are present in the United States now, in a larger consumer credit market, with roughly 47% of the population outside the prime credit system. There is also an audience that already knows the product by name and does not need it explained. NWX is building the operator for that market.
Use of funds
Raising $2,000,000 to grow enrolment
Revenue is a function of members contributing, so the round is spent on the capacity to enrol and serve more of them. The detailed allocation is set out in the offering documents.
$2,000,000
Raised across 20 units of $100,000
10,000
Participants by 2028, base case
$60MM
Annual AUM by 2028, base case
Investor capital is repaid from a share of the administrative load the partnership already collects. Across the full 3-year term a $100,000 unit is projected to return its capital plus $24,000 of interest, with an option to convert any remaining balance into equity in the general partner. Interest is 8% of the capital base each year, so it does not vary with the case.
20 units of $100,000, 3-year term, 8% a year
Accredited status is verified before any subscription is accepted. Request the offering documents and we will follow up with the verification process.
Request the offering documentsThis website is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any offer is made solely to verified accredited investors through the confidential offering documents for NWX Consorcio LP, which should be read in full before any investment decision.