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PORTFOLIO

Current and past investments

Contract Review
Construction Tools
Buildings Close Together

ASPEN PASSIVE INCOME FUND

December 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 FUND

December 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fund offers a fixed, preferred return of 6% and allows investors to park cash in short-term vehicles where funds can be withdrawn in as early as six months.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

October 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.

Buildings Close Together
Houses
Houses

BRAXTON CARY WESTON
CARY, NC

September 2020

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 offers two asset classes: Class A offers a preferred return of 9% while Class B  offers a 7% preferred return with a 70/30 split on remaining cash flow distributions.  Monolith is invested with Class B shares.

157 S FRANKLIN ST
POTTSTOWN, PA

October 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 102.7% of the initial capital outlay, thereby generating an infinite CoC return. See pro forma below.

351 CHERRY ST
POTTSTOWN, PA

August 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. See pro-forma below.

Construction Tools
Construction Tools
Construction Tools

1131 S HANOVER ST
POTTSTOWN, PA

October 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

June 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

February 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.

Houses
Houses
Houses

105 N HANOVER ST
POTTSTOWN, PA

December 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. See pro forma below.

890 SOUTH ST
POTTSTOWN, PA

October 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. See pro forma below.

405 SOUTH ST
POTTSTOWN, PA

August 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. See pro forma below.

Houses
Houses
Houses

69 W 5TH ST
POTTSTOWN, PA

January 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. See pro forma below.

915 SOUTH ST
POTTSTOWN, PA

August 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. See pro forma below.

76 W 5TH ST
POTTSTOWN, PA

November 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. See pro-forma below.

Portfolio: Developments
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