Fund Structure

Who can invest

Verified accredited investors only, under Regulation D Rule 506(c). General solicitation is permitted. We do not advertise IRA or qualified-plan eligibility.

Minimum

$1,000,000. Manager may accept a lesser amount at its discretion.

Preferred return

Non-cumulative, annualized 8%, accrued and paid monthly. Payable only to the extent cash is available and only after Fund expenses and fees. Shortfalls do not accumulate or compound into a following period. Not guaranteed.

Target return

10–12% is a target. It is not expected, projected, or assured performance.

Waterfall

Each month, Fund revenue first covers operating expenses, debt service, administrative, legal, and accounting costs, and any allocation to the valuation allowance. The Manager's asset management fee is paid next. The 8% non-cumulative annualized preferred return is then distributed to members. Any remaining Excess Distributable Cash is split 60% to members, pro rata, and 40% to the Manager. Distributions are made only to the extent cash is available and are not guaranteed. Full terms are in the PPM, which controls.

Liquidity

18-month lockup from the date of purchase, after which withdrawal requests may be submitted subject to the terms of the PPM. The PPM controls notice, payout timing, caps, and any penalty. Those details are not published here.

Tax

Distributions attributable to qualified REIT dividends may be eligible for a deduction of up to 20% under IRC Section 199A. Consult your tax advisor.

Alignment

Our management team is invested in the Fund alongside our investors.

What we are not

Barrett Financial Group is an affiliated origination and licensing network. Barrett Financial Group is not the fund and is not the investment manager.

Partners

• Ascent Fund ServicesFund Administrator
• AprioAuditor
• Fortra LawLegal Counsel
• FCI Lender ServicesLoan Servicer