MGF Value-Add Portfolio

Multi-Family Fund
Experienced Sponsor
Mortar Capital Management
New York, NY

Offered By

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Assets Under
Management

Currently
$80MM 10+ assets
Exited
$120MM 10+ assets
Portfolio LTV
67%  
Historical
Realized Returns

Total IRR
36.4%  
Equity Multiple
1.9x  
Annual Cash
11.5%  
Years Of
Experience

As Principals
15+ years  
In Business
16 years  
Size
12 Staff * Dedicated investor relations
* All information is reported by Mortar Capital Management as of 11/2/2017.
Assets Under
Management

Currently
$80MM 10+ assets
Exited
$120MM 10+ assets
Portfolio LTV
67%  
Historical
Returns

Total IRR
36.4%  
Equity Multiple
1.9x  
Annual Cash
11.5%  
Years Of
Experience

As Principals
15+ years  
In Business
16 years  
Size
12 Staff * Dedicated investor relations
* All information is reported by Mortar Capital Management as of 11/2/2017.

About this Fund

The Mortar Value-Add Portfolio Offering has the opportunity to capitalize on an under-served residential market in the New York area. Our market knowledge and development experience give us the unique ability to identify attractive deals. This offering will allow mortar to take on value-add opportunities including:

Unrenovated rental units, Free market rental units leased below market value, Occupied rent stabilized units, unique reallocation of building resources, and taking advantage of air rights for development.

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Key Points

  • The assets will be acquired at a favorable cap rate with a 5 year exit strategy.
  • The sponsor will provide personal guarantees for bank debt and will personally invest up to 10% in the assets.
  • The projected return to investors will provide a stable revenue stream and meet debt and equity return obligations.
  • Upon stabilization, assets are projected to provide investors with an 8% annual return (Quarterly Return), and after disposition, the asset will produce an IRR of over 20% for investors.
  • Investors will own a piece of income producing assets in stable markets in the New York area.

Financials

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Offering Financial

Location Details

New York, NY

Long Island City, Queens: Long Island City was once a bustling, self-contained town in and of itself: iconic signs for Pepsi-Cola beverages and Swingline bakeries harken back to a time when LIC was best known for industrial commerce and production. Many of those brands have since departed, and their legacies have been replaced with new landmarks of an up-and-coming cultural scene that has steadily developed in recent years.

Greenpoint Brooklyn: Once called the “garden spot of Brooklyn,” Greenpointis the northernmost neighborhood in Brooklyn, and this hangout truly has it all. Endless new condo developments offer lofts and a large number of bedrooms at varying levels of luxury. Rentals in Greenpoint, some in apartments and many in wood-frame houses, are a bit less expensive than in neighboring Williamsburg.
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Documents

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Available to Accredited Investors:

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Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The funding deadline for this opportunity is January 1st, 2018.

The first projected distribution is scheduled for June 2018.

Distributions are scheduled to go out on a quarterly basis.

Yes, non-US residents are welcome to apply.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

RealCrowd offerings are open to accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send Mortar Capital Management and/or RealCrowd a message. If you have a question about this offering ask Mortar Capital Management. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

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