The Graham Lofts
Brooklyn, New York
Targets
- IRR 22%
- Equity Multiple 1.65x
- Hold Period 2.5Y
- Minimum Investment $50K
- Year 1 Cash on Cash See PPM
- Stabilized Cash on Cash See PPM
- First Distribution Oct 2020
- Distribution Frequency Quarterly
- Co-Investment 8%
- Preferred Return 12%
- Investor Profit Share 70%
- Asset Profile Value Add
- Loan-to-Value 70%
- Current Occupancy 0%
About this Property
Mortar Capital Management represents a premier real estate development and investment management team with over 50 years of collective experience and expertise in construction, real estate development, investments and management.
Over the last 17 years, Their team has worked on various successfully completed real estate projects in the New York City area. They are proud to have a team with the skill sets of developers, architects, deal originators, construction managers and private investors. Their projects have generated superior returns on both a rental and sales basis.
In 2018, the valuation of Mortar’s current group of projects in development has grown to $125 million dollars, with over $30 Million of investor capital in place, and over 100,000 square feet in multi-family development throughout the New York area.
This new development, The Graham Lofts, will be their first new development of 2019. Located in a robust and thriving neighborhood of Williamsburg, Brooklyn, Graham Lofts will be the home of 16 residential condominium units. Mortar has successfully completed close to a dozen residential developments in this Prime sub-market, establishing Mortar as one of the premier residential developers in the area.
Mortar Capital Management raises capital through the issuance of membership interests in a limited liability company. Over the last 15 years – with over a dozen projects under their belts – they have been able to consistently provide investors with an average annual return of over 18% on their equity investment.
The minimum investment is $50,000, and the average investment is $250,000.
Investors have the ability to invest IRA or Retirement funds.
Disbursements are made at the completion of the project. The estimated project term is 30 months.Key Points
- Manager with a Proven Track Record and Co-Invest in every project
- Transparent Investor Relationships, providing investors access direct to the project team, quarterly progress reports and annual financial reports
- Conservative Capital Structure and approach to underwriting
- Specialized Niche Market Strategy
- Independent Financial Reporting by one of the Top Accounting Firms in the US
- Sponsor provides a completion guarantee to primary debt lenders
- Knowledgeable and Disciplined investment and management team
- Sponsor fee does not get paid until the project is successfully completed
- Off Market Deal
Mortar Capital Management
New York, NY
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Assets Under
Management
- Currently
- $95MM 10+ assets
- Exited
- $120MM 10+ assets
- Portfolio LTV
- 67%
Historical
Realized
Returns
- Total IRR
- 21%
- Equity Multiple
- 1.9x
- Annual Cash
- 12.5%
Years Of
Experience
- As Principals
- 15+ years
- In Business
- 17 years
- Size
- 12 Staff * Dedicated investor relations
Assets Under
Management
- Currently
- $95MM 10+ assets
- Exited
- $120MM 10+ assets
- Portfolio LTV
- 67%
Historical
Returns
- Total IRR
- 21%
- Equity Multiple
- 1.9x
- Annual Cash
- 12.5%
Years Of
Experience
- As Principals
- 15+ years
- In Business
- 17 years
- Size
- 12 Staff * Dedicated investor relations
Brooklyn, New York
- Prime and sought after local residential market
- Popular and thriving location, solid neighborhood with established, sales comps, schools, safe neighborhood, and tremendous residential and commercial growth over the last ten years
- Waterfront east of Manhattan
- Direct access to trains, ferries & buses
- Walking distance to restaurants, galleries, shopping
- Highway access less than five minutes away
Frequently Asked Questions
Below are some of the most frequently asked questions about this offering.
The funding deadline for this offering is December 31st, 2018.
The first projected distribution is scheduled for October, 2020.
Distributions are scheduled to go out on a quarterly basis.
Yes, non-US residents are welcome to apply. Please contact the sponsor for more details.
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