Aspen Passive Income Fund
SECURED REAL ESTATE INCOME FUND
LEARN HOW YOU CAN EARN 9% PASSIVELY.
overview
Aspen Income Fund is a residential mortgage fund designed to provide current income for investors. This secured real estate Income Fund purchases and owns a diversified portfolio of income-producing mortgages, purchased at a discount, to produce above-market returns. The Fund is secured by residential real estate across the United States.
A key challenge for many investors is finding a passive investment that generates income. Our Fund is completely passive and pays investors in cash on a monthly basis, filling this gap in income investments.
How Does The Income Fund Work ?
When we purchase a mortgage, we essentially become the bank. So, very simply, our fund works as follows:
We receive monthly mortgage payments from our borrowers
We receive profits for borrower payoffs from refinances or sales
We pay our investors a preferred monthly return
Read our Mortgage Note Case Study to see how this process works with an actual mortgage note owned by this fund.
INCOME FUND INVESTMENT BENEFITS
High Current Yield
Preferred returns are 9%
cash, paid monthly
Asset-Backed
Fund is lienholder of
residential mortgages
Low Leverage
Expected yields can be earned
with minimal leverage
The Fund pays a 9% annualized preferred return on a monthly basis after 3 months. Since inception, the Fund hasn't missed a preferred return payment to investors for 40 consecutive quarters.
On an investment of $100,000, see projected growth over a...
9% Annual Compounded Return
The graph here is for illustrative purposes only, showing all preferred returns being reinvested on a quarterly basis. Performance is not guaranteed. Past performance is not necessarily indicative of future results.
FUND STRATEGY
This Fund has been operating for 10 years and has an existing, well diversified portfolio of notes. This Fund is secured by real estate and owns notes in more than 40 states across the U.S. with an emphasis on Midwest markets. This Fund only purchases performing notes to
create consistent monthly income. These notes are generally purchased at significant discounts which
provides additional capital protection.
Aspen is highly selective in the notes it acquires for this Fund, purchasing only a small percentage of what they
evaluate. Prior to purchase, every note is individually underwritten using a proprietary model. Aspen
purchases three types of notes: loan modifications, as- set-based hard money loans, and seller-financed notes.
THE FUND PURCHASES BOTH LONG-TERM AND SHORT-TERM NOTES.
THE FUND'S STRATEGY IS TWOFOLD:
Buy & hold cash-flowing, deeply discounted, long-term first and second mortgages for yield and capital gains.
Purchase or originate cash flowing, short-term, hard money loans for yield and liquidity. Excess cash is continually reinvested into new assets.
Our Track Record by the Numbers
FREQUENTLY ASKED QUESTIONS
How long has Aspen Funds been managing funds?
Aspen has been managing note funds since 2013. The Aspen Income Fund was started in 2014 and since then we have never missed a preferred return payment, nor have we lost any investor’s principal investment capital.
What is the minimum investment?
The minimum investment in Aspen Income Fund is $50,000.
What is the initial lock-up period on this fund?
The initial lock-up period for this fund is 1 year. After 1-year we provide best-efforts liquidity and allow investors the option to redeem their shares on a quarterly basis with 90 days written notice.
Is this an open-ended fund?
Yes, this fund is open-ended, also known as an evergreen fund. We calculate Net Asset Value (NAV) on a quarterly basis and allow investors to subscribe and redeem at the current share price.
How often will I be updated about my investment?
On a monthly basis, investors receive their preferred return. Quarterly, we provide capital account statements, investor newsletters, and financial statements. We also always welcome calls from our investors.
Will I own a specific note?
If you invest, you become a part owner of the fund versus a specific note. Therefore, your capital is diversified across all the notes in the portfolio.
Do I need to be an accredited investor to invest in the fund?
Yes, our funds currently only allow accredited investors.
Can I invest with an IRA or 401K?
Yes, our funds allow investment through qualified retirement money. This must be done through a self-directed IRA or 401K. If you don’t yet have a self-directed account, we can make introductions to several custodians that we have worked with. Additionally, our funds do not generate Unrelated Business Income Tax (UBIT).
What is an accredited investor?
- an individual with income exceeding $200,000 or joint income with his or her spouse of at least $300,000, in each of the last two years with the expectation to reasonably maintain the same level of income in the present year
- an individual with a net worth exceeding $1 million, excluding the primary residence, either individually or jointly with his or her spouse;
- an entity that has assets exceeding $5 million that was not formed solely for the purpose of making the investment; or
- an entity whose owners all satisfy 1, 2, or 3 above.
For more information about the requirements of an accredited investor, see this bulletin from the SEC.
TESTIMONIALS
-Dave & Deanna
-Dawn
-Brian
-Marsha
WATCH THE WEBINAR
The Aspen Income Fund Deep Dive webinar covers many topics about the Aspen Income Fund in great detail, including:
-
How to generate consistent
income passively
-
How private investments compare
to other asset classes
-
Real examples of real estate notes
and how they work
-
The keys to conservatively
underwriting these assets
- Why it's better to be the bank
- About Aspen's historical track record
