123 1St Ave Decatur, GA 30030
This exceptional investment opportunity presents a portfolio of performing second position notes secured by a diverse range of stabilized, cash-flowing properties in Decatur, Georgia. The portfolio comprises approximately 3,500 units across apartment buildings, hotels, and single-family rentals, categorized as Class B properties. These notes are senior to equity and positioned behind first mortgages, offering a strong level of security. The portfolio boasts an average leverage of 56% and a 2.4x cash flow coverage ratio, indicating robust financial performance and a substantial margin of safety. The investment offers a compelling 6.50% cap rate, providing a stable and predictable income stream. Investors have the option to participate in a fund structure, earning a 12% annual yield, or co-invest directly in the notes for a projected 13-18% internal rate of return (IRR). The fund structure provides diversification across the entire note portfolio. The offering is exempt from registration under Regulation D and is made available only through a private placement memorandum. A minimum investment of $100,000 is required. The investment is structured as a membership interest in a limited liability company with a perpetual term and a 12-quarter lock-up period. Liquidity is available after the lock-up period, with quarterly distributions subject to one quarter's notice. Income reinvestment is an available option. Legal counsel is provided by Nelson Mullins Riley & Scarborough LLP (Atlanta Office), auditing services by CBIZ MHM, LLC (Kansas City Office), and record-keeping by NAV Consulting (Oakbrook Terrace, IL).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.