In our latest Deal Review episode, Whitney Elkins-Huttong from PassiveInvesting.com presents the PIC Debt Fund to our LP panel: Jim Pfeifer, Paul Shannon and Litan Yahav.
The LP panel asks questions like:
- What is the relationship between Rehab Wallet and Passiveinvesting.com?
- Do you have third party audited financials on the fund’s performance? Could you also get a loan tape if asked?
- What’s been the longest redemption period when investors want to their money out?
Want to discuss the deal with other investors in the community?
About the Deal
From PIC: Since June 2020, our private lending business has provided short-term fix-and-flip loans with a first-position lien. We’ve funded over 1,500 loans totaling $319 million, maintaining a default rate below 0.2%. With high borrower demand, we finance $8-$12 million monthly. Managed by Rehab Wallet, our fund offers a 6%-10% annualized preferred return paid monthly, with a compounding option and a 90-day redemption * Refer to the OM.
Visit the Deal Page for full details: original webinar, documents, fee structures, and more.