Florida Film Funds (FFF) announces a new leadership role for the South Florida Film Fund One LLC and subsequent funds being designed to attract high-quality motion picture production back to Florida.
Florida Film Funds appoints Lexi Terrero as Senior Fund Advisor. In this position, Ms. Terrero will advise and oversee an investment portfolio of film projects, a capital raise from investors, and the management of investments to maximize returns of the funds.
“Lexi’s leadership and extensive industry knowledge in the capital markets, finance, private equity, fund management, and mergers and acquisitions enhance our ability to roll out these funds to filmmakers and production companies that want to work in Florida,” noted Chris Ranung, Fund consultant and executive director of Feature Florida Partnerships. “In addition, Lexi’s vision and deep experience in business development and marketing will be essential as we build our process and strategic growth initiatives. We are excited to add real depth and breadth to our team by placing Lexi in this key leadership role.”
Ms. Terrero stated, “At Florida Film Funds, the focus is on expanding Florida as a film-producing state while providing financial incentives to filmmakers and return on investment to our investors. I’m excited to be working with an incredible team of visionaries who are committed to bringing meaningful, commercially viable film projects to Florida. Together we can make an impact to support the filmmaking community of our state.”
Intended to stabilize and grow production infrastructure in Florida‘s four southern counties – Monroe, Miami Dade, Broward, and Palm Beach – the South Florida Film Fund One is the first of several regional film financing ventures planned for release under the Florida Film Funds brand.
The Fund will provide partial financing at competitive rates and conditions to independent feature film and limited episodic television productions in the $2 million to $8 million range. It intends to prioritize projects with commercial appeal that tell compelling stories, make use of recognizable South Florida locations, and reflect the remarkable cultural diversity of the South Florida region.
While designed to attract productions from outside the state, the work of aspiring Florida filmmakers and in-state production companies is anticipated to be an increasing focus as the Fund matures.
Florida Film Funds is the umbrella organization for a series of regional film financing funds that are being developed to offset the lack of state tax credit incentives available to the Florida film industry. The funds will provide a financial rationale for producers to once again allocate significant resources to the Sunshine State for major motion picture production.