Penstock Fund I is an investment vehicle offering investors the opportunity to participate in the real estate market with the potential for risk adjusted, periodic returns sourced from first position loans secured by real estate. This mitigates the volatility of traditional equity investments.

The Fund employs a disciplined and research-driven approach supported by the leadership team's decades of experience in the industry. We identify, underwrite and execute various lending strategies across a diversified portfolio of real estate assets, markets and borrowers.

Penstock Fund I LLC

Rule 506(c), Regulation D, Delaware Limited Liability Company

Legal Structure

Penstock Management, LLC

General Partner

Fund Strategy

Real Estate Debt and Assets

Nationwide

Geography

Residential and Commercial Real Estate

Collateral

$100,000

Minimum Investment

Evergreen

Fund Term

8-9% annualized

Target Yield

8.0% annualized on equity invested

Preferred Return

50% subject to preferred return and GP catch up

Profit Share

Monthly distributions of preferred return; Quarterly distributions for profit share

Distributions

The primary objective of the Fund is to generate attractive risk-adjusted returns through interest income and fees on debt investments collateralized by real estate assets in markets with strong fundamentals. Investors are able to access the Fund with a reasonable minimum investment and have the potential to realize achievable, consistent returns backed by the team's track record across asset classes and past experience growing similar private real estate debt strategies totaling over $3 billion in AUM. The team's experience covers every facet of real estate lending (origination, underwriting, due diligence, closing and risk management) and fund growth (strategy, compliance, fundraising, investor reporting, administration and investor relations).