Invest in a levered mortgage and mezzanine loan (the Loan) secured by 65 newly-built units in a condominium building located in North Bergen, NJ. The property was completed in January 2022, and has sold several condo units since. These loans refinance the construction loan and allow the Sponsor to carry out the sale of the remaining condo units. It is expected that all units will be sold within the next 24 months, and as condo units sell the loans will be paid down.
Potential benefits of investing in real estate debt
Shortage of multi-family assets in NYC encouraging residents to move to proximate alternative areas
Prime location with easy access to NYC
Investment secured by a property with highly favorable characteristics
Units are expected to sell quickly and for attractive prices
Loan originated by an experienced originator
Investment managed by an experienced Sponsor
Please refer to the Series Note Supplement in the Documents section for more details about this offering.
Where does Yieldstreet lie in terms of priority?
How do I get paid?
Ann'l management fee
Target ann'l net yield
Monthly + event based
Ann'l flat expense
Target yields are offered as opinion and are not referenced to past performance. Target yields are not guaranteed and results may differ materially.
This offering page describes only certain aspects of the offering ("Offering") of the securities issued by YS ALTNOTES I LLC ("Issuer"). The Offering is made only by means of the Private Placement Memorandum dated January 14, 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.
Investing in private markets and alternatives, such as this offering, is speculative and involves a risk of loss, and those investors who cannot afford to lose their entire investment should not invest. Returns are not guaranteed.