Equity Pledge Debt Fund 863
Type: Debt
Target: $2,500,000
Annual Return: 8.00% - 8.25%
Min-invest Amount: $10,000
Duration: 6 – 18 Months
Project Complete
| Fund Type | Private Equity Fund |
| Offering Amount | $2,500,000 |
| Estimated Return | 8.00 – 8.25% Annualized Return*1 |
| Investment Type | Equity Pledge Loan |
| Unit Price | $10,000 per Subscription Unit |
| Offering Date | August 2026 |
| Investment Timeline | 6 – 18 Months*2 |
| Dividend Schedule | Prepaid per 6 Months*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.
- Located in the Clinton Hill neighborhood of Brooklyn, NYC, north of Downtown Brooklyn and south of Prospect Heights, this premier residential project sits at the intersection of Fulton Street (north side) and Clinton Avenue (west side). The site is a 5-minute walk from the A/C subway lines at Clinton-Washington Aves, a 10-minute walk from the 2/3/4 lines at Bergen Street, and 20 minutes by subway to Lower Manhattan.
- The project is a completed 6-story mixed-use rental building totaling approximately 18,482 sq ft, featuring 17 rental apartments (13 market-rate and 4 affordable) alongside 5 ground-floor commercial spaces totaling 2,156 sq ft. The sponsor purchased the site in July 2022 for $7,200,000, broke ground in May 2024, and completed construction in June 2026 upon receiving a formal Certificate of Occupancy from the NYC Department of Buildings. All market-rate apartments are fully leased, 3 of the 5 commercial spaces are leased, and negotiations are underway for the remaining 2 commercial units.
| Address | 899 Fulton Street, Brooklyn, NY 11238 |
| Area | Clinton Hill, Brooklyn, New York |
| Lot Area | 3,045 Sqft |
| Total Building Area | 18,482 Sqft |
| Intended Use | A 6-story mixed-use rental apartment building, featuring 17 rental apartments and 5 commercial spaces on the ground floor. |
Location
- The project is situated at the intersection of local thoroughfares Fulton Street and Clinton Avenue in Brooklyn, on the north side of Fulton Street and the west side of Clinton Avenue. It is a 5-minute walk to the Clinton-Washington Aves subway station serving the A and C lines, and a 10-minute walk to the Bergen Street subway station for the 2, 3, and 4 lines. Lower Manhattan is accessible within 20 minutes by subway. Additionally, LGA is a 35-minute drive away, while JFK can be reached in 45 minutes by car.
Transit
- Subway: A / C / 2 / 3 / 4 (5-min walk to station)
- To Midtown Manhattan: 20-min subway
- To JFK: 45-min drive
- To LGA: 35-min drive
PPM (Only available to accredited investors)
Subscription Agreement (Only available to accredited investors)
Subscription Agreement (Only available to accredited investors)
Operating Agreement (Only available to accredited investors)
Appraisal (Only available to accredited investors)
Appraisal (Only available to accredited investors)