Coastline Capital Fund V raised $850,000 and closed to new investors on July 31, 2020.
Coastline Capital Fund V (“the Fund”) is an unregistered security issued under a Regulation D, 506(c) exemption and is available to Accredited Investors only. The Fund is focused on the acquisition and resolution of first position, non-performing notes (“NPNs”) backed by residential real estate. The Sponsor of this Private Placement Offering is Coastline Capital Fund Management, LLC (“CCFM”), of which, Sean Irwin and Andy Mirza are the sole managers.
The Fund is uniquely positioned to acquire NPNs at a discount through long term, hard won relationships with Wall Street hedge funds. The Fund will profit by liquidating at higher prices through various liquidation outcomes such as foreclosure sales, re-selling loans, short sales and short payoffs, and selling properties it acquires through foreclosure.
Investments are offered in Units of $5,000 each. The minimum investor investment is 5 units or $25,000, which can be waived at CCFM’s discretion.
This offering is available to investors from January 15, 2020 to July 31, 2020.
Investors will earn an 8% Preferred Return on the amount of their money invested in the Fund. The Preferred Return becomes active once we raise the minimum offering amount of $500,000.
We forecast that the combined preferred return and profit split to the Investor will equate to a 15% return on their investment per year. This is a forward looking statement and cannot be guaranteed.