August 28, 2020
Red Oak Capital Group, based in Grand Rapids, MN, said Red Oak Capital Fund V, LLC has been fully qualified by the SEC and is now open to investor subscriptions.
The fund is a Regulation A+ Tier II bond offering designed to provide investors with a vehicle to access the commercial real estate space. The bonds are securitized by senior secured commercial mortgage notes and backed by existing income-producing properties.
Like its predecessors, Fund V has a target size of $50 million and will offer two series with a target yield of at least 7.5%. Both series also include an additional contingent interest payment at the end of the term.
“In this historically low interest rate environment, many bank and non-bank lenders are limiting borrowers’ access to funding,” said Gary Bechtel, Red Oak’s CEO. “We are positioned to provide timely access to capital as well as an attractive income-producing investment.”
For comments, questions or concerns, please contact Paul Bubny