Michigan Multi-Family Renovation Equity I

Annualized Return3

Target Term3

48 months

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Status

Closed

Recently funded

Accepting $10,000 - $150,000 investments

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Accepting $10,000 - $150,000 investments

Overview

Slide 1 of 4

Important Notes

This offering is not available to pension plans, defined benefit plans, defined contribution plans, retirement plans, IRAs, 401(k) and 403(b) funds, and funds comprised of these plans and funds.

Returns

Yieldstreet Management Fee

2.0%

Target Net Return

15% - 17%

Target Equity Multiple

1.65x - 1.75x

Target Annual Cash Yield

~10%

Schedule

Payment Schedule

Quarterly + Event Based

Prefunded

Yes

Term

Date

Target Term

48 months

Structure

Tax Document

K-1

Offering Structure

SPV

Expenses

First Year Expense

$150

Annual Flat Expense

$70

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Essentials

Please refer the Investment Memorandum in the Resources section for more details about this offering.

Capital Structure

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Cash Flow

How do I get paid?

Assets

What is the collateral underlying the transaction?

Highlights

Location/Market

Business Plan Support

Property Projections

Experienced Sponsor

Capital Guarantee

The city of Southgate is located 15 miles south of Detroit with access to a major highway for commuting. The largest employment sectors are the medical, educational, and manufacturing sectors. Employers in the area include Henry Ford Hospital, US Steel, BASF Chemical, Ford Motors, and the Southgate School System.
According to commercial real estate market analytics platform CoStar, Southgate is part of the Downriver multifamily submarket, one of the larger multifamily submarkets in the Detroit area. Inventory in the submarket consists primarily of older, well-leased properties. CoStar projects 6.0% annual rent growth over the next three years.
Strong rent growth is highlighted by elevated demand for new, higher-end inventory. New developments have average asking rents at more than $1,600/unit, a 60% premium compared to the Detroit metro average. Despite the high asking rents in this relatively affordable market, demand has been strong for these new higher-end units, which collectively boast less than a 2% vacancy rate.
View property financial estimates here.
Founded in 2011, Pepper Pike Acquisition Associates is a fully integrated real estate investment firm based in Cleveland, OH. The firm is led by Paul Kiebler IV and employs approximately 120 full time employees across three operating platforms. The firm’s investment strategy includes acquisition of properties that are candidates for value-add repositioning through the implementation of capital improvement plans and operational efficiencies.
The firm has realized investments comprising 7,920 units across 20 properties.
The principal of the sponsor has provided a guarantee for the full repayment of Yieldstreet’s capital contribution.

Resources

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.

"Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modeling error, or other reasons.

Investors

Originators

Resources

Company

We believe our 10 alternative asset classes, track record across 470+ investments, third party reviews, and history of innovation makes Yieldstreet “The leading platform for private market investing,” as compared to other private market investment platforms.

¹ Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

² Represents an net annualized return, using an internal rate of return (IRR) methodology, with respect to the matured investments shown in your Portfolio experience, utilizing the effective dates and amounts of subscriptions and distributions to and from the investments, net of management fees and all other expenses charged to the investments.[read more]

³ "Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.

⁴ Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

⁵ Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

⁶ The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.

⁷ Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Alternative Income Fund before investing. The prospectus for the Yieldstreet Alternative Income Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetalternativeincomefund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.

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⁹ Statistics as of the most recent month end.

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