Mainstay’s Mortgage Fund IV is seeded with $588,000 of mortgages which are already meeting targeted distributions. The
mortgages are issued on mobile homes, block construction homes, and income producing light commercial properties. Mainstay is a licensed mortgage lender which originates, maintains, and services all of its mortgages to assure consistency throughout the life of the investment. All mortgages are secured by land, home, and entitlements. Mainstay has conducted thorough analysis and due diligence on all potential sites, homes, and or buildings prior to adding them to the Mainstay portfolio. Additionally, extensive credit and background research was completed on all borrowers, prior to originating
the mortgages. All property taxes and insurance fees are escrowed.
Company Name: Mainstay Financial Services Mortgage Fund IV, LLC
Offering Type: Private Placement Offering
Purpose: To acquire an existing portfolio of mortgages for mobile homes, block construction homes, and income producing light commercial properties throughout Central Florida
Offering: Up to $2,000,000
Minimum Investment Amount: $25,000
Units Available: 80
Minimum Investment: 1 Unit
Investor Suitability: Accredited Investors only
Anticipated Exit: 36 months from the Fund Opening Date
Targeted Distributions: Monthly distributions
Mainstay Financial Services, LLC, The Manager of The Fund, was founded on the principles of creating investment vehicles which would allow investors to receive a steady income stream with minimal risk, providing predictable returns over the life of the investment. Louis F. Garrard V, is President of Mainstay Financial Services, Garrard Inc., and serves as President of Mainstay Healthcare and Grace Manor of Lake Morton. He has spent over 20 years in the affordable housing industry with a focus on offering secured investment opportunities to his clients.