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shadow-ornament

Watch Executive Summary Video :10 min

Watch Video with Mike Zlotnik and Paul Kiebler detailed discussion about this deal : 40 min

Michigan 2 - NEW Value-Add Residential Project

Michigan 2 - Value-add multifamily properties in Southeast Michigan / suburbs of Detroit, all Class B or better. Operator is Pepper-Pike, same as Lake Castleton and Riverbend projects.  There are Preferred and Common Equity units offered.

Preferred Equity units:
  • Higher safety than Common Equity
  • 16% cumulative preferred return
  • 8% projected annual distributions, paid quarterly
  • 15% of the back profit upside as a class
  • Target IRR 18% on a 4 year hold
  • Target EQM 1.8X
  • Minimum investment $100,000
Common Equity units :
  • Projected 2X bonus depreciation driven losses per $ invested, e.g. $200,000 target 2022 loss per $100,000 invested
  • Target IRR 15-19% on a 4 year hold
  • Target EQM 1.78 - 2.00X
  • Minimum investment $100,000
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shadow-ornament

Funds open for subscriptions

  • Target return: 12-20%
  • Strategy: Growth; Duration: 5-7 years
  • Depreciation benefits: 2X+
  • Portfolio allocations: Value-add multifamily, Hotel to multifamily conversions, Self-Storage and other
Tempo Income Fund LLC
  • Target return: 8-15%
  • Strategy: Income
  • Distributions: Quarterly
  • Portfolio allocations: DiscountLots.com, Industrial, Shopping Plazas, Multifamily, Storage and other
  • Target return: 10-13%
  • Strategy: Income & Growth
  • Distributions: Quarterly
  • Portfolio allocations: Multifamily, Storage, Industrial, Shopping Plazas, Hard Money loans and other

hotels to multifamily conversion

Vivo Bloomington, Bloomington IN

Rentable Building Area 34,300 SF
TGF Investment
Planned Hold Period 24 Month
Target IRR 21.19%

Bigalow Residencies, Ogden, UT

Hotel to multifamily conversion
TOF Investment
Hold Period - 21 Month
Exit IRR = 73%

Winston Salem Apartments,
Winston-Salem, NC

Residence Inn Marriott Hotel to Multifamily conversion
TGF investment
Hold period = 13 Month
Exit IRR ~ 137%

  • Investment Date: Sep 2020, invested $1,000,000
  • Targeted Hold Period: 4 years
  • Sale Date: Dec 2021 (~1 years)
  • Targeted IRR to investors: 19%
  • Actual IRR to investors: 135%

Mesa Apartments,
Mesa AZ

Ramada Hotel to multifamily housing conversion
TOF Investment
Hold Period = 18 Month
Exit IRR = 58%

  • Investment Date: June 2020, invested $500,000
  • Targeted Hold Period: 5 years
  • Sale Date: Dec 2021 (~1.5 years)
  • Targeted IRR to investors: 20%
  • Actual IRR to investors: 58%
  • Targeted equity multiple 1.92x
  • Actual equity multiple 1.97x

 

Value Add multifamily

Highland Midtown Little Rock, AR

165 Unit Apartment Complex
Planned Hold Period = 4 years
Status - Performing

Reverbend Apartments, Indianapolis, IN

996 Unit Apartment Complex
TGF Investment
Planned Hold Period = 5 years

Value Add Retail

Shoppes at Hawk Ridge
Lake Saint Louis, MO

Value-Ad Retail center
TOF investment
Hold period = 2.5 years
IRR =18.10%

Alafaya Commons, Orlando, FL

Stabilized Retail with strong cash-flow, and some value-add
TOF Investment
Planned Hold Period = 5 years
Status - Outperforming
Funded - June 2018

Value Add SElf Storage

Southgate Self Storage, MI 48195

TOF investment
Rentable Area = 108,979 Sq. Ft
Hold period = 5 years
Target IRR =18.10%

Richmond Heights Self Storage, OH 44143

TOF investment
Rentable Area = 87,475 Sq. Ft.
Hold period = 5 years
Target IRR = 31.3%

Investment in business notes

Greenpoint Ave, Brooklyn NY

1st-lien non-performing commercial loan (NPL) on a new construction mixed-use development
TOF investment
Hold period = 18 days
IRR = 123%

Taipei Court, Flushing, NY

Non-performing loan on new construction of Multifamily complex (27 two-family contiguous townhouses)
TOF Investment
Hold Period = 4 Month
IRR = 22%