Waypoint Development
Daytona Beach, FL
Overview
Location
Daytona Beach, FL
Property Details
Project Description
Mason at Daytona Beach - A 300-unit multifamily community on 65.4 acres of centrally located land in Daytona Beach, Florida. Preferred equity financing for development completion.
Updates
New acquisition
Feb 15, 2024
Mason at Daytona Beach - A 300-unit multifamily community on 65.4 acres of centrally located land in Daytona Beach, Florida. Preferred equity financing for development completion.
Portfolio update: New preferred equity investment in the Daytona Beach, FL metro area
View update
Asset type
Real Estate Debt
Real estate debt involves financing a stage (land development, construction, etc.) of the builders' development in return for interest payments over a set period. These investments typically offer attractive yields while being secured by real property assets. Real estate debt can include senior mortgages, bridge loans, construction loans, and preferred equity positions.
Our strategy
Real Estate Credit Strategy
Provide real estate backed loans and financing for property development, acquisition, and construction projects
- Expected variability of return: Low to Moderate
- Timing of expected return: Regular monthly or quarterly interest payments
- Primary expected source of returns: Interest income and loan fees
- Security: Secured by real property assets
- Typical loan terms: 12-36 months with extension options
This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.
Associated fund
Income Real Estate Fund
A diversified credit fund focused on real estate debt investments across prime markets. Our strategy involves providing financing for residential and commercial developments.