Northwind has announced the release of its latest short-term investment fund, Northwind Income Opportunity Fund, a new $50 million equity vehicle issued under Regulation D, Section 506c, to provide short-term financing on existing multifamily properties.
Designed to capitalize on recent interest rate increases from the Federal Reserve Board, the fund will provide intermediate funding for quality cash-flowing multifamily projects throughout the United States, which are then quickly sold to large financial institutions. Timing and higher interest rates are the catalyst for this increased market demand, providing a unique opportunity for investors.
“Rate increases have created a strong demand for private capital solutions,” said Chip Cummings, a managing director. “We are focusing on pre-sold notes with a rapid turn time, which practically doubles the investment yield.”
The fund, managed by several industry veterans, will focus solely on existing multifamil