- Targeting a 16 to 20% IRR and >2x multiple on invested capital (MOIC)
- Select access to home equity investments across the US
- Select exposure to top-performing Cityfunds & exclusive access to new Cityfunds
- Select investor access; limited to 99 investors only
- Redemption after 12-month lock-up
Cityfunds Select
Select intends to maintain a balanced portfolio that consists of diversified exposure to the Series offerings through direct investments into the underlying Series funds of #Austin Cityfund, #Dallas Cityfund, #Miami Cityfund, #Tampa Cityfund, #Denver Cityfund as well as first access to markets like #Los Angeles Cityfund, #Phoenix Cityfund, and #Nashville Cityfund. Select intends to establish a balanced exposure to current operating Series funds and first capital into new Series funds.
Fund Performance
$116.35
16.3%
30
Projected Return
$1,000
$25,000
$25K
$500K
18% IRR
12%
24%
5 Yrs
*The projections above are forward-looking statements that should not be relied upon as actual. Real estate investments come with risk as market conditions and business strategies may change, impacting financials considerably. Projections assume all dividends are reinvested.
About HEAs
Home equity investment agreements are an emerging asset type, with only five or six asset originators operating within a $20+ trillion home equity market today. None of these originators make it possible for individual investors to gain access to this asset, instead they deal exclusively with a few private institutions. Nada is the first to make this asset accessible to individuals and smaller firms through its Cityfunds investment product. Home equity investment agreements have proven to be an established and institutional-grade asset, similar to the mortgage debt market products, with nearly $1 billion in unrated securitizations over the past two years, and most recently another $528 million in rated securitizations with the rating agency, DBRS Morningstar.
Historically, investors have not been able to access the home equity sector due to the lack of institutional-grade assets and the absence of a publicly available private real estate fund that has this type of deal flow. Nada, through its wholly-owned subsidiary Nada Loans, LLC, is capable of sourcing and originating home equity investment agreements through its in-house licensed mortgage brokerage origination and underwriting team.
108 Assets
Asset Class Comparison
*Source: Bloomberg and Federal Reserve Bank of St. Louis. Returns based on December 1990 = 100. Past performance does not guarantee future results and there is no guarantee this trend will continue. All returns are estimates and assume reinvestment of dividends. Index information is provided for illustrative purposes only and is not meant to represent the results of an actual investment. Returns do not include any management fees, transaction costs or expenses. Volatility is measured as the standard deviation using the monthly total returns of each index or asset class. The historical performance of each index cited is provided to illustrate historical market trends. Risk/reward profile for each asset class varies significantly. This should not be construed as a recommendation of any specific security. You cannot invest directly in an index.
Fund Details
Growth
Performing
16-20% IRR
Event-based
60 months
None
0%
K-1
Management Team
Risk Management
Downside Protection: Home equity investment agreements are made with an average 10-15% discount to the home’s appraised value, protecting investors from home value declines and prepayments.
Secured Interests: Home equity investment agreements are secured and recorded with a Deed of Trust /Mortgage, typically behind the primary mortgage and above the homeowner (like a HELOC).
Structured Payouts: Homeowner payouts triggers established within the contract, most commonly by liquidity-driven transactions, such as a home sale or cash-out refinance.
Protective Covenants: Homeowner retains ownership—and must maintain and keep the asset unencumbered.
Right of First Refusal (ROFR): Contracts have a ROFR clause to protect against below-market transactions.
Quality Credit & Collateral: Most homeowners use their cash to reduce debts, improve their credit profile, and invest in their homes.
Related Documents
* Past performance is not indicative of future results. No assurance can be provided that the market or the value of our investments will appreciate or will not depreciate in value.
Select
$116.35
/ share
16.3%
128
Assets
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Note: These graphics are purely hypothetical and for illustrative purposes only and are not intended to reflect future returns or portfolio performance in any way. The value of our properties and investments may increase or decrease.
Nada Holdings, Inc. ("Nada"), as a manager of Cityfunds I, LLC (“Cityfunds”) operates the www.nada.co website (the "site") and the mobile-based app (the "App") and is not a broker-dealer or investment advisor. All securities ("shares") related activity is conducted through Dalmore Group LLC, a registered broker-dealer and member of FINRA/SIPC, located at 525 Green Place, Woodmere, NY 11598. You can review the brokercheck for Dalmore.
You should speak with your financial advisor, accountant and/or attorney when evaluating any offering. Neither Nada, Cityfunds, nor Dalmore makes any recommendations or provides advice about investments, and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. The Site may make forward-looking statements. You should not rely on these statements but should carefully evaluate the offering materials in assessing any investment opportunity, including the complete set of risk factors that are provided as part of the offering circular for your consideration.