Presentation is loading. Please wait.

Presentation is loading. Please wait.

Fund and Management overview

Similar presentations


Presentation on theme: "Fund and Management overview"— Presentation transcript:

1 Fund and Management overview
Mike Zlotnik | | | June 2019

2 Disclaimer This presentation and its contents are not an attempt to sell securities, nor to sell anything at all, nor provide legal, nor tax accounting, nor any other advice. The presenter is a private lending and real estate fund management business, and the information represented herein are purely for educational purposes and represents the opinions of the presented. Prior to making any investment or legal decision you should seek professional opinions from a licensed attorney, and a financial advisor. Investments in Tempo Opportunity Fund LLC are offered via the Private Placement Memorandum (PPM) to accredited investors only. Please request and review the above mention PPM before making any decisions. Consult with your Investment professional before making any decisions. Past results do not guarantee future performance. Information provided is approximate in nature and may not reflect the exact current state of each project.

3 Who We Are and What We Do TF Management Group LLC was founded in 2014.
TF Investment Fund II LLC was founded in 2014. Tempo Opportunity Fund LLC was founded in 2017. Managed by Mike Zlotnik and Yuriy Novodvorskiy Over 25 years of combined real estate investment experience Strong operational and risk management background Strong track record in fund management since 2009 Lines of business: Short-term Bridge / Hard Money Funding Long-term Equity Investments focused on predicable cash-flow, and value-add driven appreciation TempoFunding.com |

4 Tempo Opportunity Fund LLC - overview
Strong Cashflow and value-add Equity Appreciation Mix of Hard Money loans and Equity deals with strong Pref, and forced appreciation play. Network / Relationship driven deal-flow Mastermind Group relationships Diversification (Equity/Debt/Location/Deal Type/etc) Investor favored Performance Split with no manager-only fees (all points/fees go into the split) Better Risk Adjusted Returns, projected 10-13% (C Class Units, and B and A Class will do better)

5 Fund Annual Audit Armanino LLP is the Fund annual financials auditor
Armanino LLP is a well known 1,000+ CPAs firm Annual Audit completed (2018 tax year) Audit opinion: Unqualified opinion “An unqualified opinion is an independent auditor's judgment that a company's financial statements are fairly and appropriately presented, without any identified exceptions, and in compliance with generally accepted accounting principles (GAAP). An unqualified opinion is the most common type of auditor's report.” This is the best outcome of an independent 3rd party audit

6 Fund Summary and Performance
Fund Type Growth & Income Fund Focus Value-Add equity investments and Fix-n-Flip hard-money loans Preferred return 7% Total return target: 10-13% Average annual since inception (April 2017) Total return / Realized return A Units: 13.76% / 8.57% B Units: 10.59% / 8.59% C Units: 12.43% / 8.13% Trailing 12 months (as of 1/1/19) A Units: 10.89% / 8.89% B Units: 10.41% / 8.64% C Units: 9.92% / 8.41% Q1 2019 (annualized) A Units: 14.29% / 9.48% B Units: 13.43% / 9.21% C Units: 12.54% / 8.92% Fund Capital (NAV as of 1/1/19) Fund Capital (projected 4/1/19) $13,032,000 $15,232,000 Distributions Quarterly (reinvestments allowed)

7 How the Fund derives its income and growth
Income (Realized gains) Points + interest + fees on hard money loans Cash distributions on equity projects Note: Income is distributable on quarterly basis Growth (Unrealized gains / Appreciation) Forced Appreciation on Value-Add projects (e.g. Multifamily apartment renovations, Self-Storage development or redevelopment) Note: we don’t plan for any natural appreciation. But it could happen in the appreciating markets. Total return = Income (Distributions) + Growth (appreciation of units) Note: Ultimately unrealized gains convert to realized gains on sale, and this produces Income Growth.

8 What does the fund invest in
Loans (secured by Mortgages) Equity deals & Syndications Self-Storage Multifamily Retail / Shopping centers Office Industrial SFR Portfolio(s) Other Funds Other Real Estate transactions

9 Current Portfolio (as of mid June 2019)
Equity Investments: Projects outstanding: 22 Net capital Invested: $6,933,000 Average Target IRR: %, Target Preferred return: % Debt Investments: Loans outstanding: 64 Average funded amount: $125,500 Total capital Invested: $8,032,000 Target IRR: 18% Total Investments: $14,465,000 Note: The numbers are rounded. Loan portfolio is a snapshot in time.

10 Equity Portfolio breakdown
Multifamily (value add) 5 $1,450,000 Self-Storage (value add) 4 $1,050,000 Shopping Centers (value add) 6 $1,833,000 Office (value add) 1 $250,000 Residential (value add) 1 $550,000 Corporate Debt (Real Estate) 2 $800,000 Funds $500,000 Distressed Debt (Value add) 1 $500,000 Total: $6,933,000

11 Tempo Opportunity Fund LLC – structure
Target Return = 10-13% NET to investors Preferred return = 7% Management fees = 2% Performance split (above the 7% Pref): A Units: 80/20 ($1,000,000+ invested) B Units: 70/30 ($500,000 - $999,999 invested) C Units: 60/40 ($100,000 - $499,999 invested) Distributions: Quarterly All pointes and fees collected on hard money loans go to the Fund, not Manager Manager does not charge the Fund any Asset origination fees

12 Estimated Difference between A, B and C Units
Target Gross Income to the Fund (before expenses): 19.5% (example) Mix of Hard Money deals and Equity deals roughly 50/50 Waterfall: 2% Management fee 0.5% Administration, Tax filing, etc. 7% Pref 10% - this is available for performance Split A Units receive 8%, while B Units receive = 7%, C Units receive = 6%. Estimated Total return comparison: A Units = 15%, B Units = 14%, C Units = 13%

13 How to invest in Tempo Opportunity Fund LLC
Portal Managed by our Fund Administrator, Redwood RE Administration. Sign-up/Enroll Review Private Placement Memorandum (PPM) Fill out online subscription paperwork Accreditation verification (typically CPA or Lawyer letter is sufficient) Review & Acceptance of subscription by us Wire funds into the Subscription Account OR do this manually by ing call I will forward you PPM, Term-sheet, Subscription paperwork Print, fill out manually, PDF back, submit accreditation info (CPA/Lawyer letter) Acceptance and wire in


Download ppt "Fund and Management overview"

Similar presentations


Ads by Google