Bill Shea - SVP, National Accounts
bshea@carterfunds.com
(774) 297-7955
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GROWTH & INCOME FUND IV
Growth & Income
Multifamily
Value Add
Carter Multifamily Growth & Income Fund IV is a real estate investment fund targeting the acquisition of conventional, garden-style multifamily assets with a value-add component that help fill a growing demand for affordable housing in suburban markets.
Key Variables Snapshot: (% Complete)
Key Fund Data:
Distribution: 6% - Paid Monthly |
Preferred Return: 8% |
Promote: 80% / 20% |
Management Fee: .75% |
Commission: 7% |
Units: Class A & I |
Location: Tampa, FL |
Assets in Fund: 1 |
Investment Strategy: Value Add |
Fund Term: 2-4 Years |
Exemption: 506 (b) |
DSCR: 1.52X |
Purchase Cap Rate: 7.34% Avg. |
Minimum: $50,000 |
Selling Agreements: 18 |
Audited Financials: Yes 2+ Years |
UBTI: No |
Building Age: 19 Years Avg. |
Accountant: E&Y |
Legal Counsel: Johnson Pope |
Transfer Agent: Great Lakes |
Fund Report: Mick Law |
Financing:
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Loan: $35,550,000. 59.4% Leverage. 5.52% Fixed IO. 7 year term. 5/2023-5/2030
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Preferred Equity Bridge: Bridge Fully Redeemed.
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JV: RFM Management (Unrelated entity). $15,800,000 Equity and $11,400,000 Preferred equity.
Monthly Capital Raise:
Fund Fees:
FOR BROKER DEALER AND REGISTERED INVESTMENT ADVISOR HOME OFFICE DUE DILIGENCE USE ONLY.
RISK FACTORS:
An investment in the Fund is highly speculative and involves a high degree of risk, including the risk of loss of your entire investment.
This material (the “Material”) is provided for informational and discussion purposes only and is not, and may not be relied on in any manner as, legal, business, financial, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in Carter Multifamily Growth & Income Fund IV, LLC (the “Fund”). A private placement of units of limited liability company interests (“Units”) in the Fund will only be made pursuant to a confidential private placement memorandum (as may be amended or supplemented from time to time, the “PPM”), the Fund’s subscription documents, and the Fund’s limited liability company agreement (collectively, the “Offering Documents”), which will be furnished to qualified investors on a confidential basis at their request and should be reviewed in connection with any consideration of an investment in the Fund. To the extent that there is any inconsistency between the Material and the Offering Documents, the provisions of the Offering Documents control.
Prospective investors should read and carefully consider all of the risks set forth under Risk Factors in the private placement memorandum.
Following are some of the risks:
• Reliance on the Advisor and Sponsor
• Changes in our investment policies
• Variance in price and value of investment
• Inability to maintain a specified level of distributions
• Paying distributions from any source, including from sources other than cash flows from operations
• Ability to find suitable investments
• Ability to obtain financing or adverse economic/property conditions impacting debt strategies
• Liquidity of real estate and units
• Limitations on transfers of Interests
• No public market currently exists for our units
• Failure to qualify as a REIT
• General Partner, Investor, Advisor, Sponsor, and affiliate conflicts of interest
• Value-add multifamily investments may entail risks associated with property renovations, multifamily risks, and owning conventional properties.
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Carter Multifamily Growth & Income Fund IV, LLC
4890 W. Kennedy Blvd., Suite 200, Tampa, FL 33609 | contactus@carterfunds.com
Securities offered through Cobalt Capital, Inc., member FINRA/SIPC v.04182024
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FINANCIAL ADVISORS: For offering materials and sales support, please contact 866.592.0025 or contactus@carterfunds.com
FOR BD/RIA & FINANCIAL ADVISOR USE ONLY. NOT FOR INVESTOR USE.