INVESTOR FREQUENTLY ASKED QUESTIONS ABOUT FUND II
Yes, an 8% preferred return is distributed monthly via ACH or Check. Investors can also elect to reinvest distributions, in this case, their capital account would increase each month instead of receiving a cash deposit.
There is a quarterly profit distribution (called an “EDC” or excess distributable cash) made after the end of each quarter depending on fund performance.
Normally, your monthly preferred return will be available within the first two weeks of the following month. For example, you will receive your July preferred return around August, 11th. Your monthly excess distributable cash follows the same cadence and should be deposited or sent for Q1in early April, Q2 in early July, or Q3 in early October. The Fund goes through an annual audit at the closing of the year; your Q4 distribution reflecting the year-end balance and K-1 tax form will only be available after the completion of the audit in March.
Yes, all equity investors are immediately diversified across all the loans in the portfolio.
If you are invested in Fund II, your monthly statements will be in your online investor portal at https://truelinecapital.junipersquare.com/login. If you invested into the fund via Crowdstreet, please request access to our updated investor portal by emailing [email protected]. Please email [email protected] if you need help accessing your investor portal.
We currently have about 45 loans across 149 doors in the portfolio across various Pacific Northwest housing markets.
We are primarily a first position lender. Occasionally we will hold a second position loan but we maintain our underwriting and risk guidelines.
We ask equity investors in the Fund to maintain their investment for 2 years, after that period investors can request redemptions with 90 days notice.