High Yield Securities

Multifamily Debt Investment Solutions

Opportunistic Investments in Multifamily Credit

Limekiln Real Estate leverages its deep multifamily expertise to identify and capitalize on high yield investment opportunities across the capital stack. Our team targets mispriced risk in both public and private multifamily debt markets, delivering attractive risk-adjusted returns to our investors.

We focus on structured credit, mezzanine debt, preferred equity, and distressed debt situations where our operational expertise and market knowledge create value.

Investment Approach:

Fundamental Analysis: Deep dive into property fundamentals, sponsorship, and market dynamics
Structural Advantages: Target securities with protective covenants and collateral coverage
Active Management: Hands-on approach to monitoring and workout situations
Cycle-Tested Strategy: Experience across multiple market environments
Alignment of Interests: Significant co-investment alongside our investors

Investment Criteria

Our high yield securities strategy focuses on opportunities that meet our rigorous investment standards while offering compelling yields:

Target Returns: 12-18% gross IRR depending on risk profile
Current Yield: 8-12% cash-on-cash
Hold Period: 2-5 years typically
Markets: Primary and select secondary markets
Asset Types: Market-rate, affordable, and workforce housing

Why Invest With Us?

Our combination of credit expertise and hands-on multifamily experience allows us to identify and execute on opportunities others miss.

Contact Our Team

Recent Investments

Mezzanine Debt: $15M position in 250-unit Dallas property

Preferred Equity: $22M investment in Denver development

Distressed Debt: $30M acquisition of non-performing loan

Investment Process

Opportunity identification
Due diligence & underwriting
Investment committee review
Execution & closing
Active asset management

Our Investment Strategies

Targeted approaches to multifamily credit investing

Mezzanine Debt

Junior debt positions with equity-like returns, typically providing 65-85% of total capital stack with protective covenants.

Preferred Equity

Structured equity investments with priority returns, often used to bridge capital gaps in value-add projects.

Distressed Debt

Opportunistic investments in non-performing loans or troubled assets where operational expertise creates value.

Credit Opportunities

Special situations including loan-to-own strategies, rescue capital, and complex structured solutions.