Aspen I Income Fund

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Overview

Aspen I Income Fund is a residential mortgage fund designed to provide current income for investors, along with the potential for capital gains. The 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 pays investors in cash on a monthly basis, filling this gap in income investments.


How does it work?

When we purchase a note, we essentially become the bank. So, very simply, our fund works as follows:

1. We receive monthly mortgage payments from our borrowers
2. We pay our investors a preferred return monthly
3. When borrowers refinance or sell their properties, we split the profits with investors

Watch our webinar for more details about this fund.

Investment Benefits

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High Current Yield

Preferred returns are 8.5% cash, paid monthly

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Asset-Backed

Fund is lienholder of residential mortgages

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Low Leverage

Expected yields can be earned with minimal leverage

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Tax Efficient

Portion of earnings are taxed as long-term capital gains

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Open-Ended

Liquidity program with quarterly NAV calculations

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Experienced Management

Leading asset manager in note industry

Return Profile

The Fund pays an 8.5% preferred return on a monthly basis after 3 months. Because the mortgages are purchased at a discount, the Fund also generates capital gains when notes are refinanced or the real estate is sold. The bar chart below is shown net of fees and includes both the preferred returns and any capital gains generated. Our Income Fund Deep Dive webinar goes into more details on historical performance and the fund strategy. Register for the webinar.

  • Preferred Returns: 8.5%*
  • Additional Returns: 0.6% (last 12 months, net of fees), resulting from capital gains and accrued to capital account

Aspen I Total Return

*Performance is not guaranteed. Past performance is not necessarily indicative of future results.

Aspen I Shareholder Price Since Inception

Project Your Return

On an investment of $100,000, see projected growth over a
Period.
  • 8.5%Annual Compounded Return
  • + Additional Returns
The graph here is for illustrative purposes only, showing all preferred returns being reinvested on a quarterly basis. This illustration doesn’t not account for any additional profit-share above the preferred return. Performance is not guaranteed. Past performance is not necessarily indicative of future results.

Fund Strategy

This Fund has been operating for 5+ years and has an existing, well diversified portfolio of notes. This Fund owns notes in more than 30 states across the U.S. with an emphasis on Midwest markets. This Fund only purchases performing notes to create consistent monthly cash flow. 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, asset-based hard money loans, and seller-financed notes.

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The Fund purchases both long-term and short-term notes. The Fund's strategy is two fold:

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Buy & hold cash-flowing, deeply discounted, long-term first and second mortgages for yield and capital gains.

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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

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Total Loans
Purchased

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States
Invested In

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Years Track
Record

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Years Combined Real
Estate Experience

Frequently Asked Questions

Q: How long has Aspen Funds been managing funds?

A: Aspen has been managing note funds since 2013. The Aspen Income Fund was started in 2013 and since then we have never missed a preferred return payment, nor have we lost any investor’s principal investment capital.

Q: What is the minimum investment?

A: The minimum investment in Aspen Income Fund is $50,000.

Q: What is the initial lock-up period on this fund?

A: 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.

Q: Is this an open-ended fund?

A: 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.

Q: How and when do I receive my preferred returns?

A: Upon initial investment, we have a 3-month delay period (in order to deploy capital). Then, investors will receive their preferred returns monthly either by direct deposit (ACH) or by check.

Q: Is this a passive investment?

A: Yes, investing in the private fund is completely passive. When investing in a private fund, you are leveraging our management company’s experience in this business and participate in a diversified portfolio. Investors receive their monthly preferred return by either wire or check.

Q: How often will I be updated about my investment?

A: 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.

Q: Will I own a specific note?

A: 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.

Q: Do I need to be an accredited investor to invest in the fund?

A: Yes, our funds currently only allow accredited investors.

Q: Can I invest with an IRA or 401K?

A: 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).

Q: What is an accredited investor?

A: An individual or an entity can generally qualify as an accredited investor if they meet at least one of the following criteria:

  • 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 About Aspen

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

Real examples of real estate notes and how they work

How private investments compare to other asset classes

The keys to conservatively underwriting these assets

Why it's better to be the bank

About Aspen's historical track record

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If you have a general inquiry about Aspen Funds, contact us at (800) 940-1510 or fill out the form and one of our representatives will be in touch with you.

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