Short Term NotesYieldstreet

Short Term Note XXXIII

Annualized yield3

Final term3

2 months

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Status

Fully repaid

Recently funded

Accepting $1,000 - $500,000 investments

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Accepting $1,000 - $500,000 investments

Overview

Yieldstreet is pleased to offer a short-term liquidity product earning investors annualized target interest payments of 3% over its 90-day term. Yieldstreet offers a potential mutual advantage to both originators and investors by fully prefunding upcoming offerings that will launch on the Yieldstreet platform. From the originator’s perspective, prefunding helps to eliminate execution risk for the transaction as 100% of funds are available at the time of closing. For investors, prefunding an investment offering means that any participating investors can begin to earn interest as soon as their allocation goes active, regardless of whether the rest of the investment has been fully allocated. Yieldstreet will also invest in this Short Term Note offering alongside its investors and take a first loss position, ultimately demonstrating its alignment of interests with investors.

Since January 2018, Yieldstreet has been prefunding offerings via a warehouse financing facility before they launch on the platform, and over $1.4B has been financed to date through this prefunding program. This note functions in the same way as the warehouse financing facility, as it allows Yieldstreet to access additional capital to prefund more offerings. The Short Term Notes Series is an established workflow, and Yieldstreet has provided its investor community the opportunity to earn yield through Short Term Note offerings launched at a cadence since May 2019.

Yieldstreet investors are scheduled to receive interest payments on a monthly basis at a target annualized target interest rate of 3% over the course of the 3 month term.

Important notes

• The notes issuer is required to pay interest to participating investors regardless of cash utilization. Yieldstreet bears the risk and management of utilization. Investors can consider their note fully drawn until repaid.

Highlights

No fees
Liquidity
Established prefunding workflow
Yieldstreet track record
Yieldstreet first-loss position
Scheduled interest
  • Yieldstreet will not charge any fees on this investment.

  • The notes are shorter in term than traditional Yieldstreet investments and are expected to generate a fixed return over the duration and are expected to offer investors liquidity in 3 months.

  • Yieldstreet has been prefunding offerings via warehouse financing before they launch on the platform since January 2018 with its institutional warehouse provider. This is an established workflow and Yieldstreet is now providing its investor community the opportunity to earn yield by prefunding its investments through an investment in the Short Term Notes Series.

  • Yieldstreet offerings are frequently launched on the platform within 30 days of being pre-funded. To date, Yieldstreet has funded over $2B in offerings.

  • Yieldstreet purchases 5% of the aggregate notes issued in this series in a first loss position. This means that upon occurrence of default, the notes held by Yieldstreet will only receive payments after all other investors have received all interest and principal.

  • The notes are required to pay investors a fixed 3% annual target interest rate regardless of utilization. Investor target returns are not contingent on the number of deals funded.

Essentials

Please refer to the Private Placement Memorandum and the Series Note Supplement for more details about this offering.

Capital structure

Where does an investor lie in terms of priority?

The notes are indirectly secured by investments in underlying offerings, which may include loans, leases, real estate interests, receivables, or participation interests in the aforementioned. In certain cases, Yieldstreet may utilize senior leverage facilities when funding an offering. In these cases, the notes would have a subordinated interest in the underlying collateral.

Cash flow

How do I get paid?

The notes have a 3 month term. Yieldstreet investors can expect to receive monthly interest payments at a fixed annual target interest rate of 3% on their full investment amount.

Upon maturity, the remaining principal is expected to be paid back. Investors might be offered the opportunity to resubscribe into a new Short Term Note series or to use their returned capital to invest in other offerings on the Yieldstreet platform.

Assets

What is the collateral underlying the transaction?

The assets of the note issuer primarily consists of: (i) loans made to entities managed by Yieldstreet to fund or refinance investments; and (ii) funds held by the note issuer).

Yieldstreet will primarily utilize the proceeds of the notes at its discretion to fund upcoming offerings in any industry. Investors will be able to track their investment progress and interest payments in their portfolio, but specific information regarding the offerings prefunded using note proceeds will not be shared.

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  • Returns & management fees

    Management fee

    0.0%

    Target net yield

    3%

  • Schedule

    Payment schedule

    Monthly interest

    Interest type

    30/360

    Prefunded

    No

    Term

    Date

    Target term

    Dec 1, 2021

  • Structure

    Tax document

    1099-INT

    Offering structure

    Short Term Note

    Expenses

    First year expense

    $0

    Annual flat expense

    $0

Docs

This offering page describes only certain aspects of the offering ("Offering") of the securities issued by YS ST NOTES LLC ("Issuer"). The Offering is made only by means of the Private Placement Memorandum dated August 16, 2022 and the Series Note Supplement relating to the Offering (collectively, the "Offering Documents"). The information on this offering page is a summary of the Offering, does not purport to be complete and should not be considered a part of the Offering Documents, or as incorporated in the Offering Documents by reference or as forming the basis of the Offering. No person has been authorized to give any information or to make any representations other than those contained in the Offering Documents or in any marketing or sales literature issued by the Issuer or Yieldstreet Management, LLC, as adviser thereto, and referred to in the Offering Documents, and, if given or made, such information or representations must not be relied upon. All investors must read the Offering Documents in their entirety prior to investing in the securities.