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123 1St AveDecatur, GA 30030

High-yield, diversified note investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of performing second position notes secured by a diverse range of stabilized, cash-flowing properties in Decatur, Georgia. The portfolio comprises approximately 3,500 units across apartment buildings, hotels, and single-family rentals, categorized as Class B properties. These notes are senior to equity and positioned behind first mortgages, offering a strong level of security. The portfolio boasts an average leverage of 56% and a 2.4x cash flow coverage ratio, indicating robust financial performance and a substantial margin of safety. The investment offers a compelling 6.50% cap rate, providing a stable and predictable income stream. Investors have the option to participate in a fund structure, earning a 12% annual yield, or co-invest directly in the notes for a projected 13-18% internal rate of return (IRR). The fund structure provides diversification across the entire note portfolio. The offering is exempt from registration under Regulation D and is made available only through a private placement memorandum. A minimum investment of $100,000 is required. The investment is structured as a membership interest in a limited liability company with a perpetual term and a 12-quarter lock-up period. Liquidity is available after the lock-up period, with quarterly distributions subject to one quarter's notice. Income reinvestment is an available option. Legal counsel is provided by Nelson Mullins Riley & Scarborough LLP (Atlanta Office), auditing services by CBIZ MHM, LLC (Kansas City Office), and record-keeping by NAV Consulting (Oakbrook Terrace, IL).

Highlights

  • Portfolio of performing second position notes secured by ~3,500 Class B multifamily units, hotels, and SFRs in Decatur, GA.
  • Notes are senior to equity, offering strong security with 56% average leverage and 2.4x cash flow coverage.
  • 6.50% cap rate provides stable income; investors can choose a 12% annual yield fund or direct note investment (projected 13-18% IRR).
  • Minimum $100,000 investment; Regulation D exempt private placement; LLC membership interest with 12-quarter lock-up.

Property Details for 123 1St Ave

Property type
Residential income homes, Self storage facilities
Class
B
Units
3500

Location Insight

City
Decatur
County
DeKalb
State
Georgia
Latitude
33.7520153
Longitude
-84.3115462
123 1St Ave, Decatur, Georgia

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123 1St Ave
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