• Logout
    • Join Sign in
    Dashboard Messages My Profile Sign out
    Join
    Sign in Join
    Confidentiality Agreement
    To access the Sponsor’s private offering documents for this investment, you must first acknowledge and agree to the below.
    By clicking the ‘I Agree’ button below:
    Diversified
    PSG Credit Fund II
    Nationwide
    Funded
    100% funded
    ...
    PSG Credit Fund II
    Nationwide
    All Investments > PSG Credit Fund II
    ...
    Overview
    PSG Credit Fund II
    PSG Credit Opportunities II, LLLP is an actively managed, absolute return-focused fund, run by a 17-person dedicated team, comprised of short-term, senior-secured commercial real estate (CRE) loans with an emphasis on underlying asset value and hard asset recovery, with substantial exposure to the housing and industrial real estate sectors and a 7-year successful track record originating 179 loans of which 151 have repaid in full. <strong> Please review the Documents section for the Q2 Investor Update.</strong>
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    current
    Videos
    Details
    For more information, view the Sponsor's Investment Memorandum.
    Estimated First Distribution 11/2023
    Minimum Investment 60000
    Estimated Hold Period Open Ended
    Investment Strategy Diversified Fund
    Investment Type Debt
    Fund (Loan Book) Size $128,400,000
    Investment Period Open Ended
    Target IRR 9.0%
    Target Number of Loans 28
    Target Asset Classes Multifamily, For Sale Housing, Industrial, Self-Storage, Manufactured Housing
    Target Cash on Cash 9.4%
    Sponsor Documents
    The offering documents above have been prepared and are being delivered by the Sponsor of this investment opportunity, and not by RM Securities, LLC. RM Securities, LLC and its associated persons did not assist in preparing, do not explicitly or implicitly adopt or endorse, and are not otherwise responsible for, the Sponsors offering documents posted below or any content therein.
    Deal Highlights
    Investment Highlights
    Institutional grade Sponsor, with 30+ people in the credit and development space.
    Sponsor has deployed approximately $250,000,000 throughout 179 loans since inception, including 151 fully repaid loans.
    Sponsor has developed in excess of $400M of real estate projects since 2013, providing the team with real-world real estate underwriting fundamentals and know-how.
    9 workouts/foreclosures completed out of 179 loans to date and have recovered at least 100% of principal on all of them, including interest and fees on 8 out of 9. A 10th workout is currently in process.
    Sponsor receives $2-$3 billion of loan requests per quarter, where they close on <1% of them.
    The current loan book consists of 28 loans totaling $128.2M in assets yielding a gross annualized 13.4% including origination/exit points. Approximately 75% of the loans in the current portfolio are floating-rate loans with healthy credit metrics, including a blended LTV (Loan-To-Value) of 59% and LTC (Loan-To-Cost) of 72%.
    Long-tenured in-place team with 7+ years working together.
    Institutional grade Sponsor, with 30+ people in the credit and development space.
    Sponsor has deployed approximately $250,000,000 throughout 179 loans since inception, including 151 fully repaid loans.
    Sponsor has developed in excess of $400M of real estate projects since 2013, providing the team with real-world real estate underwriting fundamentals and know-how.
    9 workouts/foreclosures completed out of 179 loans to date and have recovered at least 100% of principal on all of them, including interest and fees on 8 out of 9. A 10th workout is currently in process.
    Sponsor receives $2-$3 billion of loan requests per quarter, where they close on <1% of them.
    The current loan book consists of 28 loans totaling $128.2M in assets yielding a gross annualized 13.4% including origination/exit points. Approximately 75% of the loans in the current portfolio are floating-rate loans with healthy credit metrics, including a blended LTV (Loan-To-Value) of 59% and LTC (Loan-To-Cost) of 72%.
    Long-tenured in-place team with 7+ years working together.
    Contact Us
    Questions before investing?
    Speak with our Investor Relations team.
    Schedule a Call
    Management
    For more information, view the Sponsor's Investment Memorandum.
    Poverni Sheikh Group, LLC

    PSG Credit leverages its affiliation with Poverni Sheikh Group ("PSG"), a fully integrated and regionally recognized real estate developer, builder, and operator with great relationships and experience. Over the past decade, PSG has developed 24 commercial properties across the northeast United States with a market value in excess of $400 million. PSG's extensive development experience results in superior asset recovery, underwriting standards, and higher chances of success in special situations. 

    PSG Credit has originated and serviced loans for the master fund since January 2016. PSG has lent a total of $250 million, with no loss of principal in any of the 179 loans. Each loan passes through a rigorous approval process and is closely managed during its life in the portfolio. PSG holds each loan on its balance sheet and provides an in-house, full-service loan administration that covers payment processing, escrow and reserves budgeting, and general property and construction progress inspections. In addition, PSG provides dedicated staff to handle collections, loan workouts, restructures, and extensions.

    The Fund is primarily comprised of first-lien, senior-secured commercial real estate (CRE) collateral with an emphasis on underlying asset value and hard asset recovery, with substantial exposure to the housing and industrial real estate sectors. The Fund provides short-term, interim financing used for properties that are not fully stabilized to “bridge” the Project between acquisition and construction financing or construction and permanent financing. PSG Credit mostly lends on asset classes they have experience in developing and/or operating including single-family, multi-family, retail, mixed-use, self-storage, land, as well as industrial real estate.

    Currently, the Fund has $144 million AUM across 28 different loans with an average LTV/LTC of 59%/72% respectively. The Fund targets 9.4% annual cash-on-cash returns and a 9% IRR, with quarterly distributions.

    Sponsor Track Record
    Property Name City State Asset Type Origination Date Loan Amount LTV LTC Realized Annualized Yield Actual Profit/Loss Status
    101 W Lexington Baltimore MD Mixed-Use 4/20/2016 $390,000 65% 86% 12.9% $58,722 Paid Off Loan
    4753 Chatford Baltimore MD Single-Family 6/21/2016 $57,500 61%   31.8% $6,038 Paid Off Loan
    3746 Ravenwood Baltimore MD Single-Family 7/21/2016 $76,600 68% 93% 18.5% $6,894 Paid Off Loan
    1541 Upshire Baltimore MD Single-Family 7/26/2016 $111,000 72% 93% 14.9% $11,563 Paid Off Loan
    5006 Sipple Baltimore MD Single-Family 8/4/2016 $102,000 60% 89% 16.2% $14,475 Paid Off Loan
    2501 N Charles Baltimore MD Single-Family 8/11/2016 $230,000 68% 68% 62.4% $50,250 Paid Off Loan
    63 Franklin Annapolis MD Single-Family 8/30/2016 $758,000 60% 75% 11.5% $185,852 Paid Off Loan
    1119 Sherwood Baltimore MD Single-Family 9/2/2016 $118,500 72% 93% 15.6% $11,702 Paid Off Loan
    2-4 E Preston  Baltimore MD Mixed-Use 9/8/2016 $462,500 74% 54% 14.0% $67,720 Paid Off Loan
    741 McHenry Baltimore MD Single-Family 9/8/2016 $120,000 56% 92% 15.7% $21,280 Paid Off Loan
    1191 Cedar Shady Side MD Single-Family 9/29/2016 $105,000 50% 84% 20.1% $34,193 Paid Off Loan
    3801 Gough  Baltimore MD Single-Family 11/2/2016 $205,000 73% 82% 13.3% $27,945 Paid Off Loan
    3828 Ednor Baltimore MD Single-Family 11/3/2016 $116,000 73% 86% 17.6% $13,404 Paid Off Loan
    8515 Stevenswood Baltimore MD Single-Family 11/4/2016 $160,000 67% 91% 13.3% $31,798 Paid Off Loan
    5810 Plumer Baltimore MD Single-Family 11/15/2016 $94,000 67% 79% 15.3% $12,384 Paid Off Loan
    4403 Liberty Baltimore MD Single-Family 11/23/2016 $153,067 73% 84% 16.3% $30,152 Paid Off Loan
    4025 Kathland Baltimore MD Single-Family 12/9/2016 $165,000 63% 88% 15.1% $28,459 Paid Off Loan
    3531 Chesterfield  Baltimore MD Single-Family 12/20/2016 $85,000 70% 89% 15.8% $8,689 Paid Off Loan
    2910 Loudon Baltimore MD Single-Family 12/30/2016 $158,000 66% 89% 15.5% $44,130 Paid Off Loan
    3523 Wabash Baltimore MD Single-Family 1/20/2017 $110,000 67% 87% 15.9% $14,181 Paid Off Loan
    4004 Fleetwood Baltimore MD Single-Family 2/23/2017 $124,000 66% 74% 17.2% $31,144 Paid Off Loan
    2219 Orleans Baltimore MD Single-Family 3/3/2017 $112,000 64% 88% 14.8% $17,211 Paid Off Loan
    704 N Pryor Alexandria VA Single-Family 3/9/2017 $409,000 68% 83% 23.8% $28,130 Paid Off Loan
    4127 Kathland Baltimore MD Single-Family 4/12/2017 $163,000 65% 83% 18.9% $39,183 Paid Off Loan
    1429 Olive Baltimore MD Single-Family 5/5/2017 $171,000 50% 86% 11.4% $19,579 Paid Off Loan
    929 12th NE Washington DC Single-Family 5/5/2017 $617,500 73% 81% 11.4% $73,946 Paid Off Loan
    729 Roxboro Pl NW Washington DC Single-Family 5/26/2017 $400,000 72% 82% 16.7% $86,053 Paid Off Loan
    2025 Portugal Baltimore MD Single-Family 5/26/2017 $136,000 68% 80% 12.5% $28,934 Paid Off Loan
    9219 Allenswood Randallstown MD Single-Family 7/7/2017 $189,000 73% 78% 15.1% $32,686 Paid Off Loan
    180 Winters Catonsville MD Retail 7/14/2017 $225,000 50% 50% 13.2% $36,369 Paid Off Loan
    8458 Church Lane Ellicott City MD Single-Family 7/14/2017 $285,000 69% 80% 9.7% $38,261 Paid Off Loan
    1011 Mastline Annapolis MD Single-Family 7/18/2017 $338,000 61% 72% 43.9% $40,030 Paid Off Loan
    107 Urell Washington DC Single-Family 7/31/2017 $386,000 76% 82% 17.1% $73,233 Paid Off Loan
    835 Park Ave Baltimore MD Single-Family 9/20/2017 $115,000 68% 81% 45.6% $10,350 Paid Off Loan
    555 Sudbrook Baltimore MD Single-Family 9/20/2017 $207,500 68% 81% 13.5% $15,850 Paid Off Loan
    Bretton  Baltimore MD Multi-Family 9/26/2017 $1,500,000 70% 70% 11.9% $227,916 Paid Off Loan
    2505 Ritchie Marlboro Upper Marlboro MD Land 10/3/2017 $146,500 13% 12% 20.8% $33,321 Paid Off Loan
    4218 Penhurst Baltimore MD Single-Family 10/12/2017 $166,000 66% 82% 15.8% $19,920 Paid Off Loan
    3065 Mayfield Baltimore MD Single-Family 11/5/2017 $77,000 73% 91% 23.8% $12,320 Paid Off Loan
    5009 Kanely Perry Hall MD Single-Family 11/9/2017 $280,000 53% 58% 13.4% $38,780 Paid Off Loan
    317 E 24th Baltimore MD Single-Family 12/15/2017 $120,000 46% 78% 13.1% $15,267 Paid Off Loan
    4553 Marble Hall Baltimore MD Single-Family 3/28/2018 $110,000 63% 83% 16.4% $9,171 Paid Off Loan
    22821 Sycamore Lewes  DE Single-Family 4/3/2018 $229,000 68% 76% 14.8% $24,490 Paid Off Loan
    Harford RP Holdings Bel Air MD Land 12/29/2017 $1,075,000 37% 60% 11.8% $137,331 Paid Off Loan
    2901 S Dakota Washington DC Single-Family 2/7/2018 $532,000 37% 60% 15.8% $85,433 Paid Off Loan
    802 Union  Baltimore MD Single-Family 2/28/2018 $227,500 60% 85% 13.4% $30,912 Paid Off Loan
    226 Sycamore Elkton MD Single-Family 5/31/2018 $60,000 39% 48% 16.9% $7,533 Paid Off Loan
    311 E North Ave Baltimore MD Multi-Family 6/15/2017 $3,800,000 69% 78% 8.4% $561,419 Paid Off Loan
    5315 8th St NW Washington DC Single-Family 5/3/2018 $536,000 70% 84% 13.3% $62,042 Paid Off Loan
    4103 Penhurst Baltimore MD Single-Family 2/6/2018 $204,000 62% 87% 14.3% $33,253 Paid Off Loan
    322-328 N Charles Baltimore MD Mixed-Use 3/30/2018 $1,100,000 59% 57% 14.7% $162,800 Paid Off Loan
    13029 Scarlet Oak Gaithersburg MD Single-Family 6/22/2018 $532,500 68% 85% 13.0% $57,091 Paid Off Loan
    3036 Mayfield Baltimore MD Single-Family 7/13/2018 $77,000 49% 46% 17.3% $12,705 Paid Off Loan
    820 S Potomac Baltimore MD Single-Family 8/8/2018 $803,000 47% 66% 10.9% $78,425 Paid Off Loan
    1189 Grove Shady Side MD Single-Family 12/15/2017 $173,000 64% 83% 15.9% $43,590 Paid Off Loan
    876 Mildred Dundalk MD Single-Family 8/29/2018 $145,300 61% 61% 13.3% $17,321 Paid Off Loan
    5147 Golf  Baltimore MD Retail 4/26/2019 $595,000 65% 86% 19.1% $32,517 Paid Off Loan
    425 Hoffman St Philadelphia  PA Single-Family 12/5/2018 $153,000 58% 80% 11.9% $13,855 Paid Off Loan
    45 W. Main Street Denville NJ Retail 6/15/2018 $1,120,000 62% 76% 11.3% $170,030 Paid Off Loan
    1030 Jack Primus Charleston SC Multi-Family 7/31/2019 $4,110,000 59% 65% 14.8% $187,765 Paid Off Loan
    14 Charlcote Baltimore MD Single-Family 8/22/2018 $525,000 67% 84% 11.4% $80,850 Paid Off Loan
    2114 Coralthorn  Baltimore MD Single-Family 3/29/2019 $108,000 64% 77% 13.3% $11,100 Paid Off Loan
    2319 13th Pl NE Washington  DC Single-Family 5/17/2019 $408,000 70% 67% 14.3% $37,411 Paid Off Loan
    613 N Paca  Baltimore MD Single-Family 8/14/2019 $148,000 58% 78% 14.4% $9,213 Paid Off Loan
    2200 Westridge Lutherville MD Single-Family 9/20/2018 $350,000 70% 80% 8.6% $41,050 Paid Off Loan
    622 Westwood West Palm Beach FL Single-Family 3/5/2018 $750,000 45% 60% 21.7% $117,083 Paid Off Loan
    603 N Paca  Baltimore MD  Single-Family 1/28/2019 $127,000 52% 78% 12.3% $16,510 Paid Off Loan
    805 W Joppa Baltimore MD Single-Family 5/10/2018 $275,000 66% 85% 11.1% $81,182 Paid Off Loan
    1340 Bayshore Dunedin FL Land 2/25/2019 $300,000 39% 46% 12.0% $37,868 Paid Off Loan
    3959 Prospect Street MD Single-Family 12/8/2017 $254,000 71% 79% 11.2% $64,690 Paid Off Loan
    4508 Luerssen Ave Baltimore MD Single-Family 3/28/2018 $192,000 64% 78% 13.7% $53,256 Paid Off Loan
    5841 Westwood Ave Baltimore MD Single-Family 5/1/2018 $157,000 60% 85% 13.3% $42,312 Paid Off Loan
    807 Malcolm X Ave SE Washington  DC Single-Family 1/19/2019 $253,000 56% 63% 15.6% $51,169 Paid Off Loan
    733 Pratt Baltimore MD Mixed-Use (Retail/Residential) 10/13/2017 $225,354 47% 56% 17.4% $102,176 Paid Off Loan
    3300 Dorchester Baltimore MD Single-Family 7/26/2019 $170,000 62% 76% 11.3% $15,363 Paid Off Loan
    200 Limekiln Pike Glenside PA Mixed-Use 8/20/2018 $187,650 59% 45% 17.8% $56,103 Paid Off Loan
    4870 Cherokee Ave Alexandria VA Land 6/28/2019 $675,000 59% 42% 12.2% $60,209 Paid Off Loan
    3106 Echodale Ave Baltimore MD Single-Family 8/16/2019 $148,000 61% 84% 14.1% $18,505 Paid Off Loan
    3225 Glendale Baltimore MD Single-Family 9/11/2019 $142,000 59% 64% 14.9% $18,105 Paid Off Loan
    2800 W Diamond Philadelphia PA Land (Multifamily) 4/5/2019 $880,000 51% 88% 12.8% $148,830 Paid Off Loan
    5414 Radecke Baltimore MD Single-Family 9/27/2019 $150,000 57% 77% 16.0% $20,208 Paid Off Loan
    1627 N 7th St Philadelphia PA Single-Family 2/6/2019 $312,000 46% 77% 11.6% $56,593 Paid Off Loan
    4313 W  Gray St* Tampa  FL Townhomes 9/19/2018 $2,120,000 54% 74% 12.0% $412,639 Paid Off Loan
    6000 Belair Baltimore MD Land (Retail) 9/4/2019 $170,000 24% 21% 12.6% $22,886 Paid Off Loan
    1402-1404 Towson Baltimore MD Single-Family 5/31/2019 $530,000 70% 83% 11.9% $85,256 Paid Off Loan
    107 Sandsbury Avenue Glen Burnie MD Single-Family 11/27/2019 $195,000 63% 80% 13.5% $22,393 Paid Off Loan
    324 S East Baltimore MD Single-Family 4/10/2020 $311,000 59% 66% 13.6% $13,146 Paid Off Loan
    2566 Forest Knoll Annapolis MD Single-Family 6/15/2020 $352,400 65% 81% 16.6% $18,809 Paid Off Loan
    8116 Conduit Road Baltimore MD Single-Family 12/30/2019 $163,000 63% 73% 12.7% $17,070 Paid Off Loan
    407 Highway A1A #444 Satellite Beach FL Single-Family 2/14/2020 $310,000 57%   13.8% $32,050 Paid Off Loan
    1333 Maple View Place SE Washington  DC Single-Family 2/12/2020 $424,000 61% 88% 11.7% $40,401 Paid Off Loan
    11436 Cronhill Owings Mills MD Office 11/1/2017 $480,000 44% 42% 14.2% $212,475 Paid Off Loan
    1 York Court Baltimore MD  Single-Family 8/12/2019 $190,000 65% 85% 12.0% $30,394 Paid Off Loan
    8 S Mountain Rd Millburn NJ Single-Family 2/7/2020 $600,000 69% 83% 11.4% $57,699 Paid Off Loan
    12420 Garrison Forest Road Owings Mills MD Single-Family 2/14/2020 $365,000 66% 82% 12.8% $38,979 Paid Off Loan
    9907 Merwood Lane Silver Spring MD Single-Family 12/30/2019 $510,000 57% 79% 12.1% $60,208 Paid Off Loan
    4709 Tecumseh Street Baltimore MD Single-Family 10/25/2019 $280,000 44% 54% 13.7% $44,882 Paid Off Loan
    3630 Churchville Aberdeen MD Single-Family 9/13/2019 $215,000 64% 88% 12.9% $35,686 Paid Off Loan
    2925-2929 W Ox Rd, Herndon Herndon VA Land (Single Family) 6/25/2020 $1,330,000 52% 42% 20.1% $133,443 Paid Off Loan
    3405, 3409, 3411, 3415 Brewers Green Way Baltimore MD Townhomes 11/6/2019 $1,200,000 40% 53% 13.0% $125,833 Paid Off Loan
    1228 Dellwood Avenue Baltimore MD Single-Family 10/11/2019 $230,000 69% 83% 11.9% $36,097 Paid Off Loan
    71 & 71.5 Terrace Ave Jersey City NJ Multi-Family 5/28/2020 $1,025,000 58% 77% 13.2% $91,894 Paid Off Loan
    5 Fisher Street Franklin MA Industrial 1/21/2020 $4,250,000 49% 76% 12.4% $492,969 Paid Off Loan
    22802 Merrick Blvd Jamaica NY Mixed-Use 2/21/2018 $2,400,000 34% 55% 15.4% $646,389 Paid Off Loan
    3426 16th St Washington  DC Single-Family 1/3/2019 $365,000 61% 38% 23.5% $185,209 Paid Off Loan
    410 S Collington Ave. Baltimore  MD Single-Family 4/8/2020 $175,000 42% 53% 12.0% $18,854 Paid Off Loan
    630 Westwood West Palm Beach FL Single-Family 12/26/2018 $705,000 51% 72% 13.4% $133,670 Paid Off Loan
    3531 Hickory Avenue Baltimore MD Single-Family 10/18/2019 $237,000 71% 73% 11.4% $38,775 Paid Off Loan
    379 E 27th St (Paterson) Paterson NJ Multi-Family 5/28/2020 $1,680,000 70% 64% 11.9% $166,600 Paid Off Loan
    410 W Stone Dr (Wendy's) Kingsport TN Retail 9/2/2020 $1,842,000 63% 80% 9.6% $104,111 Paid Off Loan
    81-83 Grand St, Units 1 & 2 Jersey City NJ Single-Family 4/6/2020 $1,075,000 55% 64% 15.5% $171,942 Paid Off Loan
    2100 W Franklin Baltimore MD Mixed-Use 4/3/2019 $300,000 42% 48% 16.2% $100,722 Paid Off Loan
    1211 17th St NE Washington  DC Single-Family 7/11/2019 $660,000 56% 73% 12.7% $109,247 Paid Off Loan
    12170 Lime Kiln Maple Lawn MD Land (Single Family) 9/3/2019 $2,300,000 66% 61% 12.1% $470,861 Paid Off Loan
    106 Trenton Lakewood Road Millstone NJ Land (Industrial) 10/30/2018 $2,600,000 50% 50% 13.8% $917,030 Paid Off Loan
    1502 Spring Pl NW Washington  DC Single-Family 8/25/2020 $680,000 67% 80% 12.6% $67,433 Paid Off Loan
    2, 34, and 35 Cutters Dock Rd Woodbridge NJ Land (Industrial) 6/5/2019 $6,250,000 39% 35% 14.2% $1,820,833 Paid Off Loan
    905 Decatur Street NW Washington  DC Single-Family 2/5/2020 $395,000 63%   12.5% $68,467 Paid Off Loan
    801 Newbern Raleigh NC Townhomes 7/15/2020 $4,800,000 65% 76% 9.0% $408,000 Paid Off Loan
    1119 Providence Rd Towson MD Single-Family 3/26/2020 $130,000 65% 72% 11.1% $33,078 Paid Off Loan
    2413 21st Place Washington  DC Multi-Family 6/28/2019 $421,000 58%   12.6% $109,896 Paid Off Loan
    150 Inlet Way West Palm Beach                    FL Multi-Family 5/3/2021 $1,866,667 76% 55% 17.6% $80,267 Paid Off Loan
    200 Inlet  Way West Palm Beach                    FL Multi-Family 5/3/2021 $1,866,667 76% 55% 17.6% $80,268 Paid Off Loan
    206 Inlet  Way West Palm Beach                    FL Multi-Family 5/3/2021 $1,866,667 76% 55% 17.6% $80,269 Paid Off Loan
    3545 Keswick Baltimore MD Single-Family 7/26/2019 $228,000 66% 73% 12.2% $57,001 Paid Off Loan
    1600 and 1608 Portugal Baltimore MD Single-Family 7/31/2020 $357,500 60% 63% 12.6% $46,737 Paid Off Loan
    1701 Marshall St Baltimore MD Single-Family 12/21/2018 $241,000 53% 68% 10.7% $72,618 Paid Off Loan
    308 Percival Rd Columbia SC Multi-Family 9/1/2020 $3,450,000 65% 72% 12.3% $483,383 Paid Off Loan
    5101 River Rd Unit 616 Bethesda MD Single-Family 11/6/2020 $200,000 59% 80% 14.0% $29,133 Paid Off Loan
    123 Creek Rd Mnt Laurel Township NJ Multi-Family 11/18/2020 $4,600,000 60% 62% 10.0% $463,067 Paid Off Loan
    1106 Hampton Garth  Towson MD Single-Family 8/26/2021 $485,000 72% 83% 14.4% $20,511 Paid Off Loan
    111-117 Park Avenue Baltimore MD Multi-Family 7/31/2017 $390,000 56% 49% 14.9% $189,583 Paid Off Loan
    5717-5723 Harford Road Baltimore MD Land (Multifamily) 12/22/2017 $250,000 50% 53% 13.8% $114,822 Paid Off Loan
    1706-1722 N. Sydenham Street Philadelphia PA Multi-Family 12/7/2020 $3,300,000 64% 63% 13.5% $420,667 Paid Off Loan
    18 Lachmund Court Old Tappan NJ Single-Family 12/29/2020 $975,000 65% 40% 16.2% $125,350 Paid Off Loan
    400 W. Franklin Street Baltimore MD Office 10/22/2021 $625,000 56% 51% 14.7% $34,767 Paid Off Loan
    716 S. Bethel Street Baltimore MD Single-Family 2/21/2020 $146,000 62% 85% 15.0% $42,174 Paid Off Loan
    73 Irving Street Jersey City NJ For Sale Housing 6/6/2019 $1,550,000 64% 76% 17.6% $473,471 Paid Off Loan
    206 Witherspoon Road Baltimore MD Single-Family 1/18/2022 $490,000 52% 79% 16.5% $21,928 Paid Off Loan
    175 Huron Street Brooklyn NY For Sale Housing 3/4/2021 $2,700,000 69% 68% 20.1% $292,006 Paid Off Loan
    170 Fulling Mill Road Middletown PA Industrial 9/30/2021 $1,850,000 70% 76% 11.4% $160,778 Paid Off Loan
    114/116 S. Broadway Baltimore MD Multi-Family 4/1/2021 $900,000 67% 76% 13.8% $168,646 Paid Off Loan
    8911 Bethlehem Blvd. Sparrows Point MD Industrial 12/23/2021 $5,800,000 64% 71% 12.6% $535,937 Paid Off Loan
    2717 Tennyson Street Washington DC Single-Family 12/15/2021 $2,550,000 68% 71% 12.9% $196,647 Paid Off Loan
    1501 Jefferson Street Hyattsville MD Single-Family 5/14/2021 $300,000 65% 85% 14.4% $56,533 Paid Off Loan
    300 N. Sherman Street York PA Industrial 6/29/2021 $1,425,000 55% 62% 11.4% $219,966 Paid Off Loan
    217 Prospect Avenue Brooklyn NY Multi-Family 10/5/2021 $1,583,000 66% 60% 10.5% $160,080 Paid Off Loan
    19721 Eagle Mill Road Parkton MD Single-Family 2/1/2022 $375,000 63% 79% 14.6% $40,359 Paid Off Loan
    17-19 S. Main Street Manville NJ Medical Office 10/15/2021 $2,000,000 59% 63% 12.4% $312,529 Paid Off Loan
    901 S. Ellwood Avenue Baltimore MD  For Sale Housing 12/9/2021 $4,250,000 72% 75% 27.3% $378,012 Paid Off Loan
    2103 S, Harcourt Avenue Los Angeles CA Multi-Family 11/19/2019 $1,050,000 46% 60% 10.0% $287,278 Paid Off Loan
    Paid Off Loan Total / Weighted Averages     $122,199,871 60% 66% 14.0% $17,706,893  
                         
    1157 NW 1st Street Miami Florida Multi-Family 03/31/2022 $1,885,000 71% 77% N/A N/A Current Loan
    1108 Montello Avenue NE Washington District of Columbia For Sale Housing 02/09/2022 $3,850,000 68% 79% N/A N/A Real Estate Owned
    715 H Street NW Washington District of Columbia Mixed-Use 04/07/2022 $1,475,000 72% 64% N/A N/A Current Loan
    9100 Lackey Road NE Leland North Carolina Industrial 04/14/2022 $7,100,000 69% 69% N/A N/A Current Loan
    1408 South Street Durham North Carolina Single-Family 04/25/2022 $375,000 62% 79% N/A N/A Current Loan
    322-328 N. Charles Street Baltimore Maryland Mixed-Use 11/18/2021 $2,730,000 68% 61% N/A N/A Current Loan
    3200 Long Beach Road Oceanside New York Retail 05/08/2020 $3,000,000 65% 72% N/A N/A Current Loan
    525 Saint Marks Avenue Brooklyn New York Mixed-Use 06/24/2022 $5,850,000 46% 46% N/A N/A Current Loan
    709 W. Oakdale Road Grand Prairie Texas Industrial 03/25/2021 $2,275,000 63% 58% N/A N/A Current Loan
    617 S. Eaton Street Baltimore Maryland Single-Family 04/01/2022 $300,000 66% 77% N/A N/A Current Loan
    18818 Outer Highway 18 N Apple Valley California Medical Office 05/07/2021 $7,500,000 69% 78% N/A N/A Current Loan
    1450 Memorial Drive SE Atlanta Georgia For Sale Housing 07/29/2020 $4,129,000 69% 90% N/A N/A Current Loan
    2316 Monroe Street NE Washington District of Columbia Single-Family 07/30/2021 $727,000 65% 92% N/A N/A Current Loan
    1843 Rhode Island Avenue Mc Lean Virginia Land 08/12/2022 $1,000,000 38% 80% N/A N/A Current Loan
    237 Rutland Road Brooklyn New York For Sale Housing 02/18/2021 $5,700,000 64% 79% N/A N/A Current Loan
    96-100 Tuers Avenue Jersey City New Jersey Multi-Family 12/29/2020 $9,655,000 64% 70% N/A N/A Current Loan
    1147 Bedford Avenue Brooklyn New York Mixed-Use 03/25/2022 $2,960,000 67% 78% N/A N/A Current Loan
    727 S. Curley Street Baltimore Maryland Single-Family 09/30/2022 $300,000 67% 78% N/A N/A Current Loan
    2000 Labonte Drive Hunker Pennsylvania Industrial 04/07/2022 $6,600,000 62% 78% N/A N/A Current Loan
    616 Hite Road Harwick Pennsylvania Industrial 04/28/2022 $2,950,000 57% 73% N/A N/A Current Loan
    419 W River Road Louisburg North Carolina Industrial 11/14/2022 $5,000,000 33% 51% N/A N/A Current Loan
    621-625 Rogers Avenue Brooklyn New York For Sale Housing 12/29/2021 $14,975,000 65% 82% N/A N/A Current Loan
    2108 Buell Drive Fallston Maryland Single-Family 03/10/2023 $300,000 59% 66% N/A N/A Current Loan
    303 West 113th Street New York New York For Sale Housing 09/16/2022 $8,250,000 64% 75% N/A N/A Current Loan
    1786 Forest Parkway Lake City Georgia Industrial 09/23/2022 $2,550,000 45% 82% N/A N/A Current Loan
    215 W Kelly Street Metuchen New Jersey Multi-Family 11/10/2022 $12,800,000 62% 72% N/A N/A Current Loan
    311 Rotonda Circle Rotonda West Florida Mobile Housing 12/22/2022 $13,000,000 36% 69% N/A N/A Current Loan
    1627 W. Montgomery Avenue Philadelphia Pennsylvania Multi-Family 3/31/2023 $1,200,000 56% 55% N/A N/A Current Loan
    Current Loan Total / Weighted Averages     $128,436,000 59.4% 72.4%      
                         
    Grand Total / Weighted Averages     $250,635,871 60% 69%      

     

    The above bios and track record were provided by Poverni Sheikh Group, LLC and have not been independently verified by RealtyMogul.

     Website
    Management Team
    Management
    Eugene Poverni
    CEO

    Mr. Poverni’s expertise encompasses structuring and managing of the development life cycle, from project feasibility studies to site control, financing, syndication, construction management, asset stabilization, and disposition. Mr. Poverni founded the firm in 2011 and continues to be the driving force behind its growth, and is thankful for the talented people that work at PSG to help make its’ projects and business lines a success day-in and day-out. Mr. Poverni has overseen the firm's growth from a three-person to a thirty-person organization and its execution of more than $700M of transactions. Mr. Poverni holds a J.D. from George Washington University and an M.B.A. from the University of Maryland.
    Management
    Greg Kostrikin
    COO

    Mr. Kostrikin is an experienced corporate executive with expertise in enterprise risk management, operations, and real estate development. Mr. Kostrikin has been instrumental in building and heading the firm’s asset and property management divisions, managing a growing portfolio of mid-size multifamily and mixed-use properties. In addition, Mr. Kostrikin has developed the corporate finance, compliance, operations back end, and information technology infrastructure for the firm. Mr. Kostrikin holds a B.S. in Financial Economics from the University of Maryland, Baltimore County.
    Management
    Eduardo Karpat
    Principal

    Mr. Karpat joined PSG shortly after being a Managing Director at Marketfield Asset Management, a large New York investment advisor, where he spent 10 years overseeing pricing and global investor relations. Prior to Marketfield, Eduardo held several positions at ABN AMRO and Merrill Lynch, focused mainly on investments, derivatives, and pricing. Eduardo currently sits on the board of Agrosmart, a Latam aggrotech company, and is a Principal and credit committee member at PSG Lending. Eduardo holds a Masters in Finance from London Business School and holds an Electrical Engineering degree from the Polytechnic School of the University of San Paulo.
    Management
    Ibrahim Sheikh
    President, Development

    Mr. Sheikh is a seasoned construction executive and real estate developer with extensive ground-up industrial construction and adaptive reuse project experience. Mr. Sheikh has been instrumental in building and heading the firm’s general contracting division. He has delivered over 500,000 square feet in complex historic retrofits involving tax credit program compliance, as well as over 1,000,000 square feet in industrial buildings over his 18-year career. Mr. Sheikh holds a B.S. in Economics from the University of Maryland.
    Management
    Cameron Lawson
    COO, Credit

    Cameron Lawson serves as COO of Credit at PSG Lending. Cameron helps chiefly manage, maintain, and service the existing loan portfolio, while also contributing to the processing and underwriting of prospective loans. He is additionally responsible for helping to oversee company-wide infrastructure and protocol implementation. Previous to joining PSG Lending, he worked for 7 years for Hopkins Federal Savings Bank, which had locations in Baltimore City and Pikesville, where he held the titles of Loan Processor and Settlement Coordinator. After Hopkins Federal Savings Bank, he worked as the Single Family Homes Operations Manager for ERC Capital, Inc., a real estate investment company also based out of Pikesville. Cameron graduated from the University of Maryland Baltimore County.
    Financials
    For more information, view the Sponsor's Investment Memorandum.
    Distributions

    Poverni Sheikh Group, LLC intends to make distributions from PSG RM Access SPV, LLLP on a pro-rata basis out of funds received as holder of an LP interest in PSG Credit Opportunities II, LLLP.

    PSG Credit Opportunities II, LLLP intends to make distributions to LPs as follows:

    1. 100% to the Limited Partners until they have received total distributions equal to an 8% compounded annual rate of return on unreturned capital contributions(1);
    2. 100% to the PSG Carried Interest Partners as carried interest until the PSG Carried Interest Partners have received total distributions equal to 20% of all distributions of Distributable Cash made by such Partnership(2);
    3. 80% to the Limited Partners and 20% to the PSG Carried Interest Partners as carried interest.

    Poverni Sheikh Group, LLC intends to make distributions to investors after the payment of the company's liabilities (loan payments, operating expenses, and other fees as more specifically set forth in the LLC agreements, in addition to any member loans or returns due on member loans).

    Distributions are expected to start in November 2023 and are projected to continue on a quarterly basis thereafter. Distributions are at the discretion of Poverni Sheikh Group, LLC, who may decide to delay distributions for any reason, including maintenance or capital reserves.

    Poverni Sheikh Group, LLC will receive a promoted/carried interest as indicated above.

     

    (1) The entire capital contribution of PSG RM Access SPV, LLLP will be considered fully funded, unreturned capital contributions. And no additional mandatory payments or capital contributions will be required of PSG RM Access SPV, LLLP or its LPs.

    (2) Distributions to Poverni Sheikh Group, LLC & its affiliates are subject to a 15-month clawback period.

    (3) RM Technologies, LLC and its affiliates do not provide any assurance of returns.  Returns presented are net of all fees.  Please carefully review the Fees and Disclaimers sections below for additional information concerning Sponsor’s use or projected returns and fees paid to Sponsor and RM Technologies, LLC.

     
    Fees

    Certain fees and compensation will be paid over the life of the transaction; please refer to Poverni Sheikh Group's materials for details. The following fees and compensation will be paid(1)(2):

    One-Time Fees:
    Type of Fee Amount of Fee Received By Paid From
    Technology Solution Licensing Fee(2) Flat one-time licensing fees of $15,000 plus $1,500 per each prospective investor onboarded by Sponsor through its license and use of RM Technologies’ Technology Solution RM Technologies, LLC

    Capitalization (at Sponsor’s discretion)
           
    Recurring Fees:
    Type of Fee Amount of Fee Received By Paid From
    Asset Management Fee 2% of Fund Capitalization (total equity commitments and maximum debt availability up to 50% LTV) PSG Credit Fund
    Administration Solution Licensing Fee(2) Flat quarterly licensing fee of $125 per investor serviced by Sponsor through the license and use of  RM Technologies’ Administration Solution RM Technologies, LLC Cash Flow

    (1) Fees may be deferred to reduce impact to investor distributions.

    (2) Please see the Fees and Disclaimers sections below for additional information concerning fees paid to RM Technologies, LLC.

    .
    Distributions

    Poverni Sheikh Group, LLC intends to make distributions from PSG RM Access SPV, LLLP on a pro-rata basis out of funds received as holder of an LP interest in PSG Credit Opportunities II, LLLP.

    PSG Credit Opportunities II, LLLP intends to make distributions to LPs as follows:

    1. 100% to the Limited Partners until they have received total distributions equal to an 8% compounded annual rate of return on unreturned capital contributions(1);
    2. 100% to the PSG Carried Interest Partners as carried interest until the PSG Carried Interest Partners have received total distributions equal to 20% of all distributions of Distributable Cash made by such Partnership(2);
    3. 80% to the Limited Partners and 20% to the PSG Carried Interest Partners as carried interest.

    Poverni Sheikh Group, LLC intends to make distributions to investors after the payment of the company's liabilities (loan payments, operating expenses, and other fees as more specifically set forth in the LLC agreements, in addition to any member loans or returns due on member loans).

    Distributions are expected to start in November 2023 and are projected to continue on a quarterly basis thereafter. Distributions are at the discretion of Poverni Sheikh Group, LLC, who may decide to delay distributions for any reason, including maintenance or capital reserves.

    Poverni Sheikh Group, LLC will receive a promoted/carried interest as indicated above.

     

    (1) The entire capital contribution of PSG RM Access SPV, LLLP will be considered fully funded, unreturned capital contributions. And no additional mandatory payments or capital contributions will be required of PSG RM Access SPV, LLLP or its LPs.

    (2) Distributions to Poverni Sheikh Group, LLC & its affiliates are subject to a 15-month clawback period.

    (3) RM Technologies, LLC and its affiliates do not provide any assurance of returns.  Returns presented are net of all fees.  Please carefully review the Fees and Disclaimers sections below for additional information concerning Sponsor’s use or projected returns and fees paid to Sponsor and RM Technologies, LLC.

     

    Fees

    Certain fees and compensation will be paid over the life of the transaction; please refer to Poverni Sheikh Group's materials for details. The following fees and compensation will be paid(1)(2):

    One-Time Fees:
    Type of Fee Amount of Fee Received By Paid From
    Technology Solution Licensing Fee(2) Flat one-time licensing fees of $15,000 plus $1,500 per each prospective investor onboarded by Sponsor through its license and use of RM Technologies’ Technology Solution RM Technologies, LLC

    Capitalization (at Sponsor’s discretion)
           
    Recurring Fees:
    Type of Fee Amount of Fee Received By Paid From
    Asset Management Fee 2% of Fund Capitalization (total equity commitments and maximum debt availability up to 50% LTV) PSG Credit Fund
    Administration Solution Licensing Fee(2) Flat quarterly licensing fee of $125 per investor serviced by Sponsor through the license and use of  RM Technologies’ Administration Solution RM Technologies, LLC Cash Flow

    (1) Fees may be deferred to reduce impact to investor distributions.

    (2) Please see the Fees and Disclaimers sections below for additional information concerning fees paid to RM Technologies, LLC.

    .

    Disclosures
    RM Securities, LLC and its Affiliates Compensation

    RM Securities, LLC, its registered representatives, affiliates, associated persons, and personnel of its affiliates who may also be associated with it, including our associated persons and personnel of our affiliates who are also be associated with RM Securities, LLC (it (“RM Securities,” “we,” “our,” or “us”) will receive fees, expense reimbursements, and other compensation (“Fees”) from the issuer of this investment offering, its sponsor, or an affiliate thereof (“Sponsor”), or otherwise in connection with Sponsor’s offering. The Fees paid to us are in addition to other fees you will pay to Sponsor or in connection with Sponsor’s investment offering. You will pay Fees to Sponsor, either directly or indirectly as an investor in the Sponsor’s offering. Sponsor will use the Fees you pay, as well as funds you invest in the relevant offering, to compensate us. The Fees paid to us will directly or indirectly be borne by you as the investor (typically, but not always, in the form of an expense of the Sponsor’s offering in which you invest) because such Fees will reduce the proceeds available for distribution to you and reduce the amount you earn over time.

    For more information on the Fees paid to us, or any other Fees you will pay in connection with Sponsor’s offering, please carefully review the Sponsor’s Investment Documents. Please also carefully review RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.

    No Approval, Opinion or Representation, or Warranty by RM Securities, LLC

    Sponsor has provided, approved, and is solely responsible in all aspects for the information on this webpage (“Page”), including Sponsor’s offering documentation, which may include without limitation the Private Placement Memorandum, Operating or Limited Partnership Agreement, Subscription Agreement, the Project Summary and all exhibits and other documents attached thereto or referenced therein (collectively, the “Investment Documents”). The Investment Documents linked on this page have been prepared and posted by Sponsor, and not by RM Securities. We did not assist in preparing, do not adopt or endorse, and we are not otherwise responsible for, the Sponsor’s Investment Documents. We make no representations or warranties as to the accuracy of information on this Page or in the Sponsor’s Investment Documents and we accept no liability therefor. No part of the information on this Page or in the Sponsor’s Investment Documents is intended to be binding on us.

    Sponsor’s Information Qualified by Investment Documents

    The information on this Page is qualified in its entirety by reference to the more complete information about the offering contained in the Sponsor’s Investment Documents. The information on this Page is not complete and subject to change at the Sponsor’s discretion at any time up to the closing date. The Sponsor’s Investment Documents and supplements thereto contain important information about the Sponsor’s offering including relevant investment objectives, the business plan, risks, charges, expenses, and other information, which you should consider carefully before investing. The information on this Page should not be used as a basis for an investor’s decision to invest.

    Risk of Investment

    This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor’s assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor’s business plans (“Assumptions”) will be true or that actual performance will bear any relation to Sponsor’s Assumptions, and no guarantee or representation is made that Sponsor’s Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor’s Assumptions should not be relied upon as the primary basis for your decision to invest.

    No Reliance on Forward-Looking Statements; Sponsor Assumptions

    Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor’s Investment Documents, which you should carefully review. Neither RM Securities nor Sponsor are obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor’s forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor’s investment objectives, detailing Sponsor’s anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor’s forward-looking statements as a basis to invest.

    Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor’s Assumptions or forward-looking statements.

    No Reliance on Past Performance

    Any description of past performance is not a reliable indicator of future performance and should not be relied upon as the primary basis to invest.

    Sponsor’s Use of Debt

    A substantial portion of the total cost of the real estate asset acquired by the Sponsor with investor funds (“Property”) will be paid with borrowed funds, i.e., debt. Sponsor’s estimated rates and terms of the debt financing are subject to lender approval, and there is no assurance that the Sponsor will secure debt at the rates and terms presented on this Page or in the Sponsor’s Investment Documents, or at all. The use of borrowed money to acquire real estate is referred to as leveraging, which can amplify losses and could result in lender foreclosure. In addition, if the debt includes a variable (or “floating”) interest rate, the total amount of interest paid over the term of the debt will fluctuate and can increase. As a result, Sponsor’s use of debt can result in a loss of some or all of your investment.

    Sponsor’s Offering is Not Registered

    Sponsor’s securities offering will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act (“Private Placement”). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for “Accredited Investors,” as that term is defined in Rule 501(a) under the Securities Act.

    No Investment Advice

    Nothing on this Page should be regarded as investment advice (either with respect to a particular security or regarding an overall investment strategy), a recommendation, an offer to sell, or a solicitation of or an offer to buy any security. Advice from a securities professional is strongly advised to understand and assess the risks associated with real estate or private placement investments. For additional information on RM Securities’ involvement in this offering, please carefully review the Sponsor’s Investment Documents, and RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.

    1031 Exchange Risk

    Internal Revenue Code Section 1031 (“Section 1031”) contains complex tax concepts and certain tax consequences may vary depending on the individual circumstances of each investor. RM Securities and its affiliates make no representation or warranty of any kind with respect to the tax consequences of your investment or that the IRS will not challenge any such treatment. You should consult with and rely on your own tax advisor about the tax aspects with respect to your particular circumstances.
    JOIN REALTYMOGUL
    Create an account or sign in.
    Are you an Accredited Investor?
    Must be 8 characters or more with an uppercase and lowercase character, a number, and a symbol.
    By clicking "JOIN REALTYMOGUL" you are agreeing to our Terms of Service and Privacy Policy, and that you've had an opportunity to review RM Securities, LLC's Form Customer Relationship Summary.
    SIGN IN
    Don’t have an account yet? Join RealtyMogul.
    Forgot Password?
    Questions? Our Investor Relations team is available to help 9 AM - 8 PM ET Monday to Friday. Contact us at (877) 977-2776.
    Forgot Password
    close
    Enter your email address to receive a code to reset your password.
    Enter the code sent to your email address below and your new password.

    Resend Code

    WELCOME
    Welcome,

    Welcome to RealtyMogul! We need to ask a few additional questions to get to know you.

    Your Net Worth
    Are you interested in 1031 exchanges?
    Thank you!

    We’ve received your information and updated your Investor Profile.

    Welcome to RealtyMogul

    As part of RealtyMogul's commitment to transparency, we want to inform you that you have been directed to our website from an unaffiliated third-party marketing company who is compensated up to $250 for each investor who registers on our site. RealtyMogul and its affiliates have no relationship with the marketing company other than this compensation arrangement. RealtyMogul and its affiliates are not responsible for the preparation or accuracy of, and do not explicitly or implicitly adopt or endorse, any content provided by the unaffiliated marketing company.