Property Details
NOI Growth  Ground-Up Development 
Asset Profile
Multiple

Mortar Growth Fund II

New York Urban Sub-markets

Multi-Family Fund
Mortar Capital Management New York, NY
Mortar Capital Management
  • IRR 21.2%
  • Equity Multiple 2.2x
  • Hold Period 5Y
  • Minimum Investment $50K
  • First Distribution Jul 2021
  • Distribution Frequency Other
  • Co-Investment 5%
  • Preferred Return 8%
  • Investor Profit Share 70%
  • Asset Profile Multiple
  • Loan-to-Value 60-70%
  • Current Occupancy N/R

About this Fund

Why This Fund?

Anthony Morena, Mortar Capital Management:" Mortar Growth Fund II (MGF II) is a private placement focused on value-add acquisitions and ground up development of multi-family properties. Leveraging over 50 years of collective senior management experience, the team specializes in acquiring assets located in attractive urban sub-markets of New York."



Why Do You Like This Strategy?

Anthony Morena, Mortar Capital Management: "We like our strategy because it is time tested, and we have an established track record using this model. We specialize in multi-family development under 50,000 SF - we stick to what we know, in the areas that we know."



How Are You Mitigating Risks?

Anthony Morena, Mortar Capital Management:

  1. Diversify assets to minimize single asset risk.
  2. Evaluate assets with multiple exit strategies.
  3. Minimize volatility and maximize preservation of capital.
  4. Transparent, experienced, and vertically integrated to maximize efficiency.
  5. Our team lives and works in our primary markets. We are positioned to have a clear understanding of our local markets and uncover opportunities.

About this Fund

Why This Fund?

Anthony Morena, Mortar Capital Management:" Mortar Growth Fund II (MGF II) is a private placement focused on value-add acquisitions and ground up development of multi-family properties. Leveraging over 50 years of collective senior management experience, the team specializes in acquiring assets located in attractive urban sub-markets of New York."



Why Do You Like This Strategy?

Anthony Morena, Mortar Capital Management: "We like our strategy because it is time tested, and we have an established track record using this model. We specialize in multi-family development under 50,000 SF - we stick to what we know, in the areas that we know."



How Are You Mitigating Risks?

Anthony Morena, Mortar Capital Management:

  1. Diversify assets to minimize single asset risk.
  2. Evaluate assets with multiple exit strategies.
  3. Minimize volatility and maximize preservation of capital.
  4. Transparent, experienced, and vertically integrated to maximize efficiency.
  5. Our team lives and works in our primary markets. We are positioned to have a clear understanding of our local markets and uncover opportunities.

Offered By

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Assets Under
Management

Currently
$121MM 10+ assets
Exited
$120MM 10+ assets
Portfolio LTV
67%  
Historical
Realized Returns

Total IRR
18.7%  
Equity Multiple
1.9x  
Annual Cash
12.5%  
Years Of
Experience

As Principals
15+ years  
In Business
20 years  
Size
12 Staff * Dedicated investor relations
* All information is reported by Mortar Capital Management as of 6/25/2019.
Assets Under
Management

Currently
$121MM 10+ assets
Exited
$120MM 10+ assets
Portfolio LTV
67%  
Historical
Returns

Total IRR
18.7%  
Equity Multiple
1.9x  
Annual Cash
12.5%  
Years Of
Experience

As Principals
15+ years  
In Business
20 years  
Size
12 Staff * Dedicated investor relations
* All information is reported by Mortar Capital Management as of 6/25/2019.

Financials

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Offering Financial

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Diligence Preview

Location Details

New York Urban Sub-markets

Urban sub-markets of New York.

Documents

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Offering Agreement Documents

Frequently Asked Questions

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No, this offering is only available to US residents.

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