Property Details
Repeat Sponsor  Repositioning Opportunity  Ground-Up Development 
Asset Profile
Value Add

The Graham Lofts

Brooklyn, New York

Multi-Family Property
Mortar Capital Management New York, NY
Mortar Capital Management
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

Offered By

Login or Register to See More Details

Available to Registered Users

  • Get to know the sponsor behind the offering with key information
  • See an overview of their experience and success
  • Understand their investment strategies
  • Easy access to contact the sponsor directly to learn more
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
* All information is reported by Mortar Capital Management as of 6/7/2018.
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
* All information is reported by Mortar Capital Management as of 6/7/2018.

Financials

Login or Register to View Financials

Available to Accredited Investors:

  • Get an overview of important financial details to make a smarter investment
  • Analyze the financial pro forma to see how projected returns are distributed over time
  • Review source and uses and other important details
Offering Financial

Location Details

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

Documents

Login or Register to View Documents

Available to Accredited Investors:

  • View, download, and print the offering PPM (Private Placement Memorandum)
  • View, download, and print the detailed financial projections
  • Access all of the important documents for this offering in one place
Offering Agreement Documents

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.

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.

Please resolve the captcha and submit.

We'll get back to you soon!

In the meantime, you can create an account to view detailed information about The Graham Lofts.

In the meantime, please review the offering documents and financials.

Signup for our free 6 week course on the fundamentals of commercial real estate investing.