SER Capital Fund I, LLC

Asset type: Apartment · Location: Coconut Grove, Florida

The proceeds from the SER Capital Fund I, LLC will be used to extend unsecured and subordinated loans to multi-family properties in the amount of up to $2,800,000. The proceeds of those loans will be used to bolster operating capital, pay operating or lending facility expenses, and create a reserve for upgrades to the properties. Each of the loans made by the Fund will be represented by a promissory note that matures at the same time as the existing first mortgage on the property, but must be paid in full, with interest, if the property is sold before that time.