Mortgage Debt Fund 626
Type: Debt
Target: $2,550,000
Annual Return: 8.00% - 8.25%
Min-invest Amount: $10,000
Duration: 6 – 18 Months
| Fund Type | Private Equity Fund |
| Offering Amount | $2,550,000 |
| Estimated Return | 8.00 – 8.25% Annualized Return*1 |
| Investment Type | Mortgage Loan |
| Unit Price | $10,000 per Subscription Unit |
| Offering Date | February 2026 |
| Investment Timeline | 6 – 18 Months*2 |
| Dividend Schedule | Prepaid Every 6 Month*3 |
*1. 8.00% Annualized Return for Investment of 1-19 Units; 8.25% Annualized Return for Investment above 20 Units;
*2. Investors will receive a minimum of 6 months of dividend; dividends will be calculated in terms of days till Borrower repays the loan;
*3. After the first dividend period, Borrower owns 2 extension options, and investors will receive dividends accordingly at the same dividend rate.
- The subject property is in Sunnyside, Queens, near the rapidly growing Long Island City area, and just a 10-minute subway ride to Midtown Manhattan. Over the past decade, property values in the area have increased significantly. With convenient public transportation and easy access to Manhattan and other parts of New York City, Sunnyside has attracted many professionals who work in Manhattan and choose to live there long-term.
- The site consists of a 5,000-square-feet lot with a maximum buildable area of 20,000 square feet. Borrower will use the first-lien mortgage provided by Fund 626 to complete the land acquisition in March 2026. Following the closing, the demolition of the existing building will begin immediately. The architectural plan is expected to be finalized and ground-breaking to commence in the third quarter of 2026. The proposed development is an 8-story mixed-use building, consisting of a community facility on the cellar and first floor, and condominium units from the second through eighth floors.
| Address | 41-22 44th Street, Sunnyside, New York 11104 |
| Area | Sunnyside, Queens, New York |
| Lot Area | 5,000 Sqft |
| Maximum Buildable Area | 20,000 Sqft |
| Intended Use | 8-floor mixed-use residential building |
| Expected Dividend Calendar | ||||||
|---|---|---|---|---|---|---|
| Round of Dividend | Financing Amount | Dividend Date *1 | Counting Start | Counting End | Dividend Period | Notes |
| First | $2,550,000 | No Later than 3/12/2026 |
2/26/2026 | 8/25/2026 | 181 days | Prepaid Dividend *2 |
| Second | - | No Later than 9/6/2026 |
8/26/2026 | 2/25/2027 | 184 days | Extension Option Owned by Borrower *3 |
| Third | - | No Later than 3/12/2027 |
2/26/2027 | 8/25/2027 | 181 days | Extension Option Owned by Borrower |
*1 In case of holidays and non-working days, the dividend date will be automatically postponed to the next working day.
*2 Investors will receive a minimum of 6 months of dividend; dividends will be calculated in terms of days till Borrower repays the loan.
*3 After the first dividend period, the borrower owns 2 extension options, and investors will receive dividends accordingly at the same dividend rate.
- According to the third-party appraisal provided by Colliers International, the land value of the project is approximately $4,500,000 in its as-is condition and approximately $4,700,000 after the demolition of the existing building.
- The loan provided by CrowdFunz Fund 626 will be secured by the mortgage of the land, along with a 100% equity pledge of the property-owning entity. In addition, Borrower’s key persons will provide Unlimited Personal Guarantees.
- Borrower has over 10 years of real estate development experience, with core expertise as a New York City licensed general contractor. Since its establishment, StoneHill Construction has participated in the development of six mid-sized residential projects in Queens and is currently involved in multiple active developments.
- Fund 626 marks the first collaboration between CrowdFunz and Borrower. Through this partnership, both parties aim to support project success while providing CrowdFunz clients investment opportunities in the local real estate market.
- Borrower will use the loan provided by CrowdFunz Fund 626 for land acquisition, supporting the initial stage of project development.
- Borrower expects to repay the loan provided by CrowdFunz Fund 626 by using the construction loan originated by other lenders or commercial banks before the maturity date.
- The project is in Sunnyside, Queens, a well-established and rapidly growing neighborhood near Long Island City. The area offers excellent public transportation, including multiple metro subway lines and bus routes. Midtown Manhattan is reachable within 10 minutes by taking subway, and JFK Airport within 25 minutes by driving a car.
- In recent years, Sunnyside has become one of Queens’ most sought-after residential neighborhoods, attracting professionals seeking high-quality urban living. As a developing submarket with strong residential demands and limited new supply, Sunnyside presents compelling growth potential.
Capital Structure of CrowdFunz Fund 626
Capital Stack
| Capital Stack | Percentage | ||
|---|---|---|---|
| CrowdFunz Fund 626 Mortgage | $2,550,000 | 54.26% | |
| Equity Value | $2,150,000 | 45.74% | |
| Property Valuation | $4,700,000 | 100.00% | |
- According to the appraisal report provided by Colliers International, the land value of the project is approximately $4,500,000 prior to the demolition of the existing building and approximately $4,700,000 after the completion of demolition.
- CrowdFunz Fund 626 will provide a total of $2,550,000 in first-lien mortgage financing, representing 54.26% of the project’s capital stack. Borrower’s equity value is approximately $2,150,000, accounting for 45.74% of total capital stack. The project’s Loan-to-cost (LTC) ratio is 54.26%, reflecting a leverage level lower than the industry average.
- In addition to the mortgage on the property, 100% of the equity interests of the project company will be pledged as well. Borrower’s key persons will also provide Unlimited Personal Guarantees, committing to timely repay the principal and interests. In the event of default, CrowdFunz Fund 626 will pursue legal actions against the guarantor’s personal assets to protect investors.
Demographics in Zip Code Area
Woodside/Sunnyside Population 126,577 Median Age 37.40 Born in New York State (36.10%)/ Foreign-born (49.10%) Race Asian (36.50%)/ Caucasian (29.70%) / Hispanic (27.0%)/ African American (2.10%) Median Family Income $97,370 Child-bearing (Under 18) 21.90% Unemployment Rate 3.00%
As a community of Queens, Sunnyside borders Long Island City and Astoria and includes the historic Sunnyside Garden district. With strong transit access and proximity to Manhattan, the neighborhood has attracted significant new developments and growing Asian population in the recent years.
The Woodside/Sunnyside area is highly diverse, led by Asian residents (36.5%), followed by White (29.7%) and Hispanic (27.0%) populations.
Nearly half of residents are foreign-born, and most households are middle class professionals, with a median income of about $97,370, which is higher than the average of Queens. The housing market is primarily rental-based, with rising luxury developments, limited unit inventory, and steadily increasing property prices.
* Source: NYU Furman Center, and U.S. Census Bureau, February 2026.
Sunnyside Real Estate Market Overview
According to the U.S. Census Bureau of Statistics used by NYU Furman Center, by the end of 2024, prices for all types of residential properties in the Woodside/Sunnyside area have increased by 377% compared to 2000, with the median unit price for a single-family home in the area now being $900,000, a median unit price of $500,000 for a two-family unit, and a median price for a single-family unit at approximately $1,026,490. The Sunnyside area has seen a boom in new residential development for nearly four years, with 2,492 new issued certificate of occupancy in 2024.
Sunnyside Residential Market Indicators
* Source: NYU Furman Center, and U.S. Census Bureau, February 2026.
Comparable Condominiums for Sale
According to StreetEasy, the average price of the comparable condominium for sale in the area is $1,208.01/Square foot.
Cost Basis Valuation
According to the valuation report provided by Colliers International, the land value of the underlying project is approximately $4,500,000 U.S. dollars before the demolition of the existing building and approximately $4,700,000 U.S. dollars after the completion of demolition.
CrowdFunz believes that the $4,700,000 U.S. dollars land valuation reference provided by Colliers International is in line with the current value of the project and meets the underwriting criteria for loans issued by CrowdFunz.
Valuation summary
* Source: Third-party valuation report provided by Colliers International.
| Woodside/Sunnyside | |
|---|---|
| Population | 126,577 |
| Median Age | 37.40 |
| Born in | New York State (36.10%)/ Foreign-born (49.10%) |
| Race | Asian (36.50%)/ Caucasian (29.70%) / Hispanic (27.0%)/ African American (2.10%) |
| Median Family Income | $97,370 |
| Child-bearing (Under 18) | 21.90% |
| Unemployment Rate | 3.00% |
As a community of Queens, Sunnyside borders Long Island City and Astoria and includes the historic Sunnyside Garden district. With strong transit access and proximity to Manhattan, the neighborhood has attracted significant new developments and growing Asian population in the recent years.
The Woodside/Sunnyside area is highly diverse, led by Asian residents (36.5%), followed by White (29.7%) and Hispanic (27.0%) populations.
Nearly half of residents are foreign-born, and most households are middle class professionals, with a median income of about $97,370, which is higher than the average of Queens. The housing market is primarily rental-based, with rising luxury developments, limited unit inventory, and steadily increasing property prices.
* Source: NYU Furman Center, and U.S. Census Bureau, February 2026.
According to the U.S. Census Bureau of Statistics used by NYU Furman Center, by the end of 2024, prices for all types of residential properties in the Woodside/Sunnyside area have increased by 377% compared to 2000, with the median unit price for a single-family home in the area now being $900,000, a median unit price of $500,000 for a two-family unit, and a median price for a single-family unit at approximately $1,026,490. The Sunnyside area has seen a boom in new residential development for nearly four years, with 2,492 new issued certificate of occupancy in 2024.
Sunnyside Residential Market Indicators
* Source: NYU Furman Center, and U.S. Census Bureau, February 2026.
Comparable Condominiums for Sale
According to StreetEasy, the average price of the comparable condominium for sale in the area is $1,208.01/Square foot.
According to the valuation report provided by Colliers International, the land value of the underlying project is approximately $4,500,000 U.S. dollars before the demolition of the existing building and approximately $4,700,000 U.S. dollars after the completion of demolition.
CrowdFunz believes that the $4,700,000 U.S. dollars land valuation reference provided by Colliers International is in line with the current value of the project and meets the underwriting criteria for loans issued by CrowdFunz.
Valuation summary
* Source: Third-party valuation report provided by Colliers International.
Location
The project is in the core area of Sunnyside, Queens, with excellent public transportation access. It is within proximity to Metro Line 7 and multiple bus routes, providing convenient commute to Manhattan, as well as various neighborhoods throughout Queens and Brooklyn.
By driving a car, the property is approximately 10 minutes from LaGuardia Airport and 25 minutes from JFK International Airport, offering efficient regional and international access.
Transit
- Subway: Metro Line 7 (6-minute walk)
- To Lower East Side: 20-minute subway
- To JFK: 25-minute drive
- To LGA: 10-minute drive
Schools
Sunnyside offers well-established educational resources, including several public schools and daycare centers. In addition to public institutions, a variety of private schools and training centers provide diverse educational options to support children’s academic growth.
Living Facility
Beyond convenient transportation, the neighborhood features a mature commercial district and comprehensive daily amenities. With strong population density and a comfortable living environment, Sunnyside has become an emerging residential area in Queens with solid growth potential.
Entertainment
The area provides abundant recreational facilities to meet the needs of growing young professional communities. Numerous parks, sports venues, and entertainment options are located nearby, and convenient transportation allows easy access to surrounding neighborhoods.
Developer: StoneHill Construction
Website：https://www.stonehillconstruction.net
Prior Completed Projects
- CrowdFunz Fund 626 provides a short to mid-term mortgage to Borrower for the initial land acquisition, enabling the project to achieve its first milestone. Borrower expects to repay the loan provided by CrowdFunz Fund 626 by using the construction loan originated by other lenders or commercial banks before the maturity date.
- The loan is secured by the first lien mortgage on the acquired land, together with a pledge of 100% equity of the project company. In addition, the key persons of the borrower will provide Unlimited Personal Guarantees.
- The underlying project has a Loan-to-cost ratio of 54.26%, which is lower than the industry average, and the sponsor equity is sufficient to support the development.
- Located in Sunnyside, Queens, an emerging and convenient neighborhood with strong growth potential, the underlying project benefits from favorable fundamentals.
- Accordingly, CrowdFunz believes that the debt investment originated by Fund 626 offers reasonable risk-adjusted fixed-income investment opportunities for investors seeking stable returns.
* Preliminary architectural plan of the underlying project.
CrowdFunz 626 Project Rating
Subscription Agreement (Only available to accredited investors)
Appraisal (Only available to accredited investors)