Overview
Invest in a short-term product that aims to accommodate investor liquidity needs while also helping to support the growth of future investment opportunities on the Yieldstreet platform. Since May 2019, Yieldstreet has been prefunding future offerings with the Short Term Notes program before they are launched and sold on the platform. To date, over $373M has been funded through this program across 57 offerings, with 41 repaid in full at maturity. All outstanding notes continue to perform in line with expectations.
Yieldstreet investors are scheduled to receive interest payments on a monthly basis at a target annualized target interest rate of 4.5% over the course of 9 months.
Highlights
Liquidity
No fees
Yieldstreet track record
Yieldstreet first-loss position
Essentials
Please refer to the Private Placement Memorandum and the Series Note Supplement for more details about this offering.
Please refer to the Private Placement Memorandum and the Series Note Supplement for more details about this offering.
Capital structure
Capital structure
Where does an investor lie in terms of priority?
The notes are secured by underlying investments that have been pre-funded by the program. The underlying investments may include but are not limited to positions across the capital structure, including debt and equity across all asset classes offered on Yieldstreet. Yieldstreet holds the first-loss position in every series offered on the platform. Yieldstreet purchases 5% of the aggregate notes issued in the series in a first-loss position providing a buffer to all other investors in the event of any realized loss.
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
Cash flow
How do I get paid?
The notes have a term of 9 months. Yieldstreet investors can expect to receive monthly interest payments at a fixed target net annualized yield of 4.5% on their full investment amount. Principal is expected to be repaid at maturity.
Assets
Assets
What is the collateral underlying the transaction?
Yieldstreet will primarily utilize the proceeds of the notes at its discretion to fund upcoming offerings in any industry. The underlying investments may include, but are not limited to, loans, leases, real estate interests, receivables, or participation interests. Investors will be able to track their Short Term Note investment progress and interest payments in their portfolio, but specific information regarding the offerings prefunded using note proceeds will not be shared.
The program is secured by the investments that have been pre-funded and all funds raised are used exclusively for pre-funding.
Returns & Management fees
Management fee
0.0%
Target net annualized yield
4.5%
Schedule
Payment schedule
Monthly interest
Interest type
30/360
Term
Date
Target term
February 18, 2023
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 November 2, 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.
*Short Terms Notes involve different risk and liquidity profiles than money markets and CDs. Please review the Short Term Notes Offering Documents for complete details.
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.
2 Represents an average net realized internal rate of return (IRR) with respect to all matured investments in your portfolio, utilizing the effective dates and amounts to and from the investments and net of management fees and all other expenses charged to the investments. Past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. All securities involve risk and may result in significant losses, including the loss of principal invested.[read more]