Closed Investments
Timberwalk
Houston, TX
Lone Star Capital
LP Investment
2022
Timberwalk is a 300-unit, 1983 vintage multifamily property in the Bear Creek Village submarket of Northwest Houston. This was an off-market opportunity bought off an out-of-town seller that will benefit from vertically integrated property management. The three-year hold projects a 16.7% IRR and a 7.5% CoC.
Aspen Income Fund
Fund
Aspen Funds
LP Investment
2020
Aspen Funds purchases residential mortgages through a diversified portfolio across a broad geographic market in the U.S. The mortgages are asset-back performing mortgages and offer an ongoing preferred return of 9% to investors.
PIC Rehab Fund
Fund
PassiveInvesting.com
LP Investment
2020
The PIC Fund is a short-term, private lending funding that invests in fix-and-flips in a number of South Carolina markets. The fund offers a fixed, preferred return of 6% and allows investors to park cash in short-term vehicles where funds can be withdrawn in as early as six months.
Crest at East Cobbs
Atlanta, GA
Nighthawk Equity
LP Investment
2020
Crest at East Cobbs is a 150 unit class B+ apartment complex in the Marietta suburb of Atlanta. This five-year value-add syndication includes a 24-month stabilization term for amenity and interior upgrades. As a result, the sponsors project rent premiums in line with market comps for A- properties. This syndication projects a 15% IRR and an average 8% annual CoC return.
157 S Franklin st
Pottstown,PA
Monolith REI LLC
GP Investment
2019
This is a single-family residential buy and hold property. Utilizing the BRRRR (buy, rehab, rent, refinance, repeat) method, the cash-out refinance with a 75% LTV covered 128.3% of the initial capital outlay, thereby generating an infinite CoC return.
351 Cherry st
Pottstown,PA
Monolith REI LLC
GP Investment
2019
This is a single-family residential buy and hold property. Utilizing the BRRRR (buy, rehab, rent, refinance, repeat) method, the cash-out refinance with a 75% LTV covered 93% of the initial capital outlay, thereby generating a 39.5% CoC return.
105 N Hanover st
Pottstown,PA
Monolith REI LLC
GP Investment
2017
This is a single-family residential buy and hold property. Utilizing the BRRRR (buy, rehab, rent, refinance, repeat) method, the cash-out refinance with a 75% LTV covered 128.3% of the initial capital outlay, thereby generating an infinite CoC return.
405 South st
Pottstown,PA
Monolith REI LLC
GP Investment
2016
This is a single-family residential buy and hold property. Utilizing the BRRRR (buy, rehab, rent, refinance, repeat) method, the cash-out refinance with a 75% LTV covered 120.5% of the initial capital outlay, thereby generating an infinite CoC return.
69 W 5th st
Pottstown,PA
Monolith REI LLC
GP Investment
2016
This is a single-family residential buy and hold property. Utilizing the BRRRR (buy, rehab, rent, refinance, repeat) method, the cash-out refinance with a 75% LTV covered 123.8% of the initial capital outlay, thereby generating an infinite CoC return.
915 South st
Pottstown,PA
Monolith REI LLC
GP Investment
2013
This is a single-family residential buy and hold property. Utilizing the BRRRR (buy, rehab, rent, refinance, repeat) method, the cash-out refinance with a 75% LTV covered 111.7% of the initial capital outlay, thereby generating an infinite CoC return.
Active Investments
Braxton Cary Weston
Braxton Cary Weston is a 134-unit B+ multifamily apartment complex built in 1995 and renovated in 2016. Located in Cary, NC, this value-add opportunity will increase NOI through interior upgrades, amenity upgrades in common areas and improvements in operational inefficiencies. This syndication exited with an IRR of 35% for LP investors.
1131 S Hanover st
Pottstown,PA
Monolith REI LLC
GP Investment
2019
Located in the Philly metro market, this was a secondary mortgage secured by the property. The private note was used to fund the rehab costs. The note offered a fixed interest rate of 10% with no points
99 W 5th st
Pottstown,PA
Monolith REI LLC
GP Investment
2019
Located in the Philly metro market, this was a secondary mortgage secured by the property. The private note was used to fund the rehab costs. The note offered a fixed interest rate of 10% with no points.
4981 Quince Dr
Reading, PA
Monolith REI LLC
GP Investment
2019
This was Monolith REI's first private note deal. Located in the Philly metro market, this was a primary mortgage secured by the property with a 75% LTV on the projected appraised value at resale. The note offered a fixed interest rate of 10% with no points.
890 South st
Pottstown,PA
Monolith REI LLC
GP Investment
2017
This is a single-family residential buy and hold property. Utilizing the BRRRR (buy, rehab, rent, refinance, repeat) method, the cash-out refinance with a 75% LTV covered 94% of the initial capital outlay, thereby generating a 66.8% CoC return.
76 W 5th st
Pottstown,PA
Monolith REI LLC
GP Investment
2012
This is a single-family residential buy and hold property. Utilizing the BRRRR (buy, rehab, rent, refinance, repeat) method, the cash-out refinance with a 75% LTV covered 95% of the initial capital outlay, thereby generating a 78.3% CoC return.
PORTFOLIO
PIC Storage Fund I
FUND
PassiveInvesting.com
LP Investment
2022
The PIC Self Storage Fund is a diversified holding of multiple assets and markets throughout the USA. Assets will include Class A and B+ assets poised for value add through operational efficiencies and lease-up potential. It's a 5-7 year old with 13-18% IRR and 7-9% CoC.
Las Palmas - 1000HL
FORT MYERS, FL
PassiveInvesting.com
LP Investment
2022
Las Palmas is a brand new, instiutional grade, Class a 2021 asset located in Fort Myers Florida with 300 units. It was purchased 100% pre-leased with average market rents of $1999. It's a 5-year hold with projected returns of 13-18.5% IRR and 7.1% CoC.
302 Law Road
FAYETTEVILLE,NC
Blue 22 Capital
LP Investment
2022
302 Law Road is an 8-unit, 1970's property in Fayetteville, NC. It's owned by Blue 22 Capital, Monolith REI owner's multifamily syndication company. Average rents when purchased were sub-$600. It's a 5-7 year hold with projected returns of 17.5% IRR and 7% CoC.
Elevation Fund 8
FUND
Elevation Capital Group
LP Investment
2022
Elevation Fund 8 is a fund that invest in self storage and mobile home parks throughout the US. The fund's holding period is 10-years and offers an 8% preferred return to Class B investors.
Water's Edge
FAYETTEVILLE,NC
Blue 22 Capital
LP Investment
2022
B22 Water's Edge is an 30-unit, 1980's property in Fayetteville, NC. It's owned by Blue 22 Capital, Monolith REI owner's multifamily syndication company. Average rents when purchased were sub-$700. It's a 5-7 year hold with projected returns of 17.5% IRR and 7% CoC.