Mortgage Debt Fund 625

Type: Debt

Target: $6,000,000

Annual Return: 8.15% - 8.40%

Min-invest Amount: $10,000

Duration: 6 – 18 Months

  • Total:
Project Complete
Fund Type Private Equity Fund
Offering Amount $6,000,000
Estimated Return 8.15 – 8.40% Annualized Return*1
Investment Type First Lien Mortgage
Unit Price $10,000 per Subscription Unit
Offering Date Nov 2025
Investment Timeline 6 – 18 Months*2
Dividend Schedule Prepaid Every 6 Month*3

*1 8.15% Annualized Return for Investment of 1-19 Units; 8.40% 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 located at the intersection of Dyker Heights and Borough Park in Brooklyn, on the south side of 63rd Street near the I-287 corridor. Dyker Heights is a well-established residential neighborhood, with growing housing demand and convenient access to public transit. It is also close to Brooklyn’s major Chinese community along 8th Avenue.
  • The 9-story community facility building includes charter school offices on part of the 1st to the 5th floors, office and medical condominium units on the 6th to the 8th floors, and a 4,699 sq. ft. underground garage. The developer acquired the site in September 2022 for $8.2 million, completed construction in 2025, and has obtained Temporary Certificate of Occupancies from the basement to the 5th floor. TCOs for the 6th to 8th floors are expected to be obtained by the end of 2025, after which unit sales will begin. A 32-year lease has been signed with a charter school for the lower floors. The unsold units on the 1st, 6th, 7th, and 8th floors, along with the garage, will be mortgaged as collateral for this borrowing to refinance a construction loan close to its maturity.
Address 1222 63rd Street, Brooklyn, New York 11219
Area Dyker Heights, Brooklyn, New York
Total Building Area 22,970 Sqft
Net Usable Area 8,000 Sqft
Intended Use Medical Offices on the 1st, and 6th to 8th floors, and Underground Garage
  • According to the appraisal provided by Colliers International, the unsold units on the 1st, 6th, 7th, and 8th floors, along with the underground garage, have a current market value of approximately $14,500,000. The loan issued by CrowdFunz Fund 625 will be secured by the mortgages on these condominium units and the garage, as well as a 100% equity pledge of the property-owning entity, which is currently valued at around $8,500,000. In addition, the key person of borrower, will provide the unlimited personal guarantee for timely repayment of principal and interest.
  • The borrower has over 20 years of experience in real estate development, construction, and supply chain management, and has grown into a fully integrated real estate firm with in-house capabilities across acquisition, financing, design, engineering, construction management, and marketing. In recent years, the developer has focused on emerging neighborhoods in Brooklyn, New York City, and has completed multiple projects with a deep understanding of local market dynamics and residential and commercial demand.
  • CrowdFunz Fund 625 marks the fourth cooperation between CrowdFunz and the borrower, following successful partnerships through Fund 842, Fund 624, and Fund 855. Through this project, both parties aim to continue delivering investment opportunities to CrowdFunz clients while supporting the developer to achieve project successes.
  • The borrower plans to use the loan provided by CrowdFunz Fund 625 to repay the existing construction loan close to its maturity, while retaining working capital to support the next phase of property sales. As construction works of the property had been fully completed, there is no further construction risk.
  • Once the certificate of occupancies are obtained for the unsold commercial condominiums, the borrower expects to repay the loan provided by Fund 625 by using the proceeds from unit sales or cash flows from other real estate projects it owns.

Location

The property has excellent transportation access. It is within a 5-minute walking distance to the subway line N, Q, W, and D, taking a 20-minute commute to Downtown Manhattan. By driving car, it takes approximately 30 minutes to reach LaGuardia Airport and 35 minutes to JFK International Airport.

Transportation

  • Subway: N, Q, W, D (5-minute walk)
  • To Lower East Side: 20-minute subway
  • To JFK: 35-minute drive
  • To LGA: 30-minute drive

Schools

The project is in the heart of Dyker Heights, a well-established neighborhood with access to a full range of educational institutions, including several elementary, middle, and high schools. The area also features a variety of language schools and early childhood education centers, supporting well-rounded development for children.

Living Facility

The community is conveniently located near a well-established Chinese commercial district, offering excellent access to daily necessities. The area features a variety of Chinese and Korean supermarkets, diverse dining options including traditional and fast food, as well as large shopping centers that meet residents’ everyday needs.

Entertainment

The area offers abundant cultural and recreational amenities. Nearby attractions include the Brooklyn Museum, one of New York’s premier cultural landmarks, and the city’s second-largest museum after the Met, as well as Sunset Park, Dyker Beach Park, the New York Aquarium, and the Barclays Center, home of the Brooklyn Nets.

 PPM (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)