NEW YORK, NEW YORK / AGILITYPR.NEWS / June 12, 2026 / NEW YORK, NY — Tru-Capital Investment Fund LLC (“Tru-Capital”), a wholly owned subsidiary of TruFund Financial Services, today announced a strategic preferred equity investment in CB-Emmanuel Realty, LLC (“CB-Emmanuel”), a New York-based real estate development firm focused on affordable, mixed-use, residential, and commercial development projects in historically underserved communities.

The investment, made through the Impact Developers Fund (“IDF”), which Tru-Capital manages as the General Partner (“GP”), represents a significant step in advancing equitable community development and expanding access to affordable housing opportunities for low- and moderate-income residents. The capital infusion will support CB-Emmanuel’s continued growth, strengthen the firm’s balance sheet, and expand its operational capacity to advance a robust pipeline of transformative housing and mixed-use developments.

CB-Emmanuel has established a strong reputation for delivering projects that not only address housing shortages but also catalyze long-term neighborhood revitalization through thoughtful planning, community engagement, and sustainable development practices. The firm’s work reflects a broader commitment to creating vibrant communities where residents can live, work, and thrive.

“This investment reflects TruFund’s continued commitment to advancing economic mobility and expanding access to quality affordable housing in communities that have historically faced longstanding barriers to capital,” said James H. Bason, President & CEO. "CB Emmanuel exemplifies the type of mission-driven developer we seek to support through the Impact Developers Fund, organizations with the vision, expertise, and community-centered approach needed to create lasting impact. We are proud to partner with them as they scale their efforts to deliver transformative development projects that strengthen neighborhoods and improve lives.”

The Impact Developers Fund was established to address longstanding inequities in real estate finance by providing flexible, patient equity capital to historically under-resourced affordable housing developers. Through strategic investments and tailored financing solutions, Tru-Capital seeks to foster inclusive economic growth while supporting developers whose work directly benefits underserved communities.

“Access to flexible, patient, and mission-aligned capital is critical for minority-led developers seeking to compete for larger affordable housing and community development opportunities,” said Benathan “Ben” Upshaw, Managing Partner and Co-Founder of CB-Emmanuel Realty LLC. “This investment from TruFund’s Impact Developers Fund strengthens our ability to scale responsibly, preserve existing affordable housing, and create new housing opportunities in communities where high-quality, affordable homes are urgently needed.”

The partnership between Tru-Capital and CB-Emmanuel underscores a shared commitment to addressing the nation’s affordable housing crisis through innovative investment strategies and mission-aligned collaboration. As demand for affordable housing continues to rise across urban markets, investments like these play a critical role in ensuring developers have the resources needed to deliver sustainable, equitable growth.

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About Tru-Capital Investment Fund LLC

The Structured Lending & Investments (“SL&I”) team operates an impact fund platform for TruFund. All investments are managed under the umbrella of Tru-Capital Investment Fund and its affiliates (“Tru-Capital”), which is wholly owned by TruFund. Through its funds, Tru-Capital seeks to empower businesses that have traditionally lacked access to capital and support from conventional sources. To date, its efforts have focused primarily on real estate developers engaged in affordable housing initiatives.

SL&I, through Tru-Capital, manages multiple funds, including the Impact Developers Fund (“IDF”). IDF aims to address systemic inequity by providing access to flexible, patient equity capital to historically under-resourced affordable housing developers. Learn more at TruFund Structured Lending & Investments.

 About CB-Emmanuel Realty, LLC

CB-Emmanuel Realty, LLC (“CBE”) is a New York-based real estate development firm dedicated to creating housing and community assets that exemplify excellence and best practices in community development. Through its affordable, mixed-use, residential, and commercial projects, CBE seeks to uplift residents, strengthen neighborhoods, and create positive community outcomes in the towns and cities it serves.