Who We Are

Operators First, Investors Second

Naqua Capital is a Florida LLC that buys, renovates, and sells undervalued houses in Hampton Roads, Virginia. Two founders, one underwriting discipline: nothing gets bought above 70 percent of after-repair value minus the full rehab budget.

Naqua Capital Miami office, headquarters for Hampton Roads real estate investment operations

"Every offer we make has a ceiling computed before we see the seller's ask. Discipline is the product."

How We Operate

A Ceiling on Every Offer

We run a repeatable underwriting machine. Comps pulled from a fixed boundary, rehab priced by calibrated per-square-foot tiers with a 10 percent contingency, and a maximum allowable offer computed before we ever talk price. Since March 2026: 411 deals analyzed, 10 offers made, one property closed and in renovation, two more under contract.

Investor capital sits behind that discipline in one of two structures: a secured note with a recorded first-position lien capped at 70 percent of ARV, or JV equity with a preferred return. Monthly reporting shows budget burn against scope, with photos.

MAO Ceiling70% of ARV minus rehab, every deal
Calibrated Rehab Tiers$18 / $29 / $45 per sq ft + 10% contingency
Accredited OnlyReg D 501, $100K minimum
Target Returns15–20% IRR target, monthly reporting
Expertise

Meet the Team

Our team brings together deep expertise in real estate finance, investment management, and operational execution, backed by careers at Amazon, PwC, Honeywell, and top private equity firms.

Jafit Morales, Co-Founder of Naqua Capital, Worldwide Real Estate Finance at Amazon
Co-Founder
Jafit Morales
Worldwide Real Estate Finance, Amazon

Juan Jafit Morales is a finance leader on Amazon's Worldwide Real Estate Finance team, supporting fulfillment center investment decisions across North America and emerging markets since August 2020.

He brings extensive experience in managing global large-scale projects, M&A, construction, and real estate finance, with expertise in financial modeling and business transactions in the real estate sector.

Morales holds an industrial engineering degree from Penn State University and post-education from Cornell University.

Real Estate Finance M&A Amazon Penn State · Cornell
Edgar Dasilva, Co-Founder of Naqua Capital and Finance Manager of Real Estate at Amazon, Duke MBA
Co-Founder
Edgar Dasilva
Finance Manager, Real Estate at Amazon

Edgar Dasilva is currently a Finance Manager for Real Estate at Amazon in New York, a position he has held since 2024. Prior to this role, he served as Strategy Finance Manager for Amazon Prime in the Greater Seattle Area for 3 years.

His background includes experience at Honeywell, PwC, and Santander Bank, where he developed expertise in data analytics, financial control, and strategic analysis. He holds an MBA from Duke University and has pursued Data Science studies at Harvard Extension School.

Strategic Finance Data Analytics Duke MBA PwC · Amazon
Advisory Board

Guided by Industry Leaders

Our advisory board brings decades of experience from private equity, law, and institutional finance, providing strategic guidance that strengthens every investment decision Naqua Capital makes.

Brian McCawley, Naqua Capital Advisory Board Member, Partner at Pretium Partners and CFA Charterholder
Brian McCawley
Advisory Board Member

Partner and lawyer at Pretium Partners. Previously served as COO, CLO, General Counsel, and Chief Compliance Officer at various buy-side private equity and hedge fund managers. Career began at Schulte Roth & Zabel LLP.

BS Magna Cum Laude, Skidmore College · JD, University of Buffalo Law School · CFA Charterholder

Private Equity Legal & Compliance CFA Charterholder Pretium Partners
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