Value Add & Income Fund LLC Investor Portal

Value Add & Income Fund LLC

Developing a Diversified Portfolio of Real Estate Opportunities

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Value Add & Income Fund LLC
506(c) Offering Platform

INTRODUCTION TO OUR COMPANY

The Company formed on February 11, 2019, as a Delaware limited liability company.

The Company is a development stage real estate investment vehicle, organized to acquire, hold, lease, and dispose of real estate assets. The Company intends to invest in a diversified portfolio of residential single family and multi-family properties and commercial properties (mixed-use, single-use and triple-net) throughout the U.S., initially focusing on the New York and New Jersey real estate markets, which is where the Company is currently located. The Company anticipates its initial transactions will be located in the Newark, New Jersey area. In addition, the Company intends to invest in distressed properties that meet the Company’s criteria and thresholds for risk and potential profitability. The Company’s portfolio of properties may be collectively referred to herein as the “Fund.”

2018 ribbon cutting for ground up new construction condominium building developed by Value Add & Income Manager, Mid Atlantic Investment Alliance LLC

North Jersey poised to become one of U.S.'s hottest real estate markets in 2021, survey says

— nj.com | October 21, 2020

Value Add & Income Fund LLC
506(c) Offering Platform

summary of operations

The Company was organized to acquire, renovate, manage, hold, dispose of, and/or rent residential (single and multi-units) and commercial (mixed-use, single-use and triple-net) properties. The Company’s strategy is designed to provide investors with a return on their investment through pro rata distributions of net profits, if any. The Company intends to invest solely in assets that present material “value added” opportunities or existing stabilized cashflow. There can be no assurance given that any assets will ultimately be acquired on terms that are advantageous to the Company, if at all. Investors and the Company must rely entirely upon the judgment and ability of the officers and Manager along with its principals and advisors, with respect to the identification and acquisition of any real estate assets

The Company may borrow funds in connection with the contemplated real estate transactions up to a maximum of 90% loan-to-value (“LTV”). Once the Company has acquired a property, it may initiate the necessary interior and exterior renovations to justify increasing rents to meet the fair market rents (if not higher) for the single and multi-family unit(s)/apartment(s). To maximize cash flow and minimize costs, the Company intends to acquire single and multi-family unit(s)/apartment(s) within New Jersey and New York. In addition to the costs necessary to acquire properties, the Company may employ other professionals (e.g., real estate brokers/agents, mortgage brokers) whose fees will be part of the total costs to acquire the single and multi-family unit(s)/apartment(s).

The Fund is intended to operate for a 5 to 10-year period (subject to extension), beginning upon the date of the closing of this Offering. The Fund will act mainly as a private equity provider for small to large-scale real estate developments and other real estate assets and transactions throughout the U.S. and may invest capital in the form of equity and/or debt components. The Fund may use all or part of the funds raised to leverage projects with debt financing from various banks and joint venture equity partners. Upon the termination of the Fund, the Company will seek to sell any remaining properties and will cease making any further investments. No assurance can be given that any property once acquired, will ever be sold, or sold on terms advantageous to the Company.

Long-term Rental

The Company, may, either directly on its own, or in conjunction with other real estate ventures and developers, seek to purchase and improve residential and/or commercial properties, and/or acquire and develop vacant land throughout the US, and then hold and lease such properties. We may perform a market-specific analysis, and may perform property inspections, including examination of the roof, the foundation, the interior, the sewer system, the mechanical system, the electrical system, and vermin/pest inspection, prior to purchase. This due diligence process would allow the Company to accurately estimate the costs involved in renovating the property, and best determine the likely rental value. However, in many cases, we may not conduct such property inspections prior to acquiring such properties. We may seek to rent properties at higher rates than previously positioned, and/or develop vacant land and introduce as rental properties to the market. We will manage such properties internally and/or utilize separate property management services to manage rent collections and associated services.

Real Estate Development

The Company may invest in new development projects by providing developers with private equity commitments. We expect to capitalize on the experience and local market knowledge of established land developers when entering into a real estate transaction.

Real Estate Purchases

The Company may seek to identify, acquire, and renovate residential and commercial real estate properties. We intend to purchase properties ranging between $250,000 and $10,000,000. The Company intends to pay no more than 90% of retail value after repairs, if necessary. The Company intends to sell such properties at such times and under such circumstances that it deems to be economically advantageous.

Distressed Real Estate Purchases

The Company may seek to identify, acquire, and renovate distressed properties. We intend to purchase properties ranging between $100,000 and $5,000,000. The Company intends to pay no more than 90% of retail value after repairs, if necessary. The Company intends to sell such properties at such times and under such circumstances that it deems to be economically advantageous.

New construction

The Company may seek to purchase below market valued “tear-down” properties and/or vacant land in desirable areas with the intention of building ground up residential and/or commercial properties. The properties will primarily be built with the intention to resell them, but some may be rented to produce cash flow prior to sale.

Current Real Estate Assets

41-unit boutique rental located at 535-541 MLK BLVD

The proposed new construction will be 1 mile from Newark Penn Station (connecting residents to New York City and various interstate rail services), and just an 8-minute drive to Newark Liberty International Airport. The property sits on a 12,187 square foot lot at 535-541 ML King Blvd, Newark (Block: 102 / Lot: 53). The location is in the Institutional Zone. The building is approved to have 2 stories of parking (36 spaces) and 4 stories residential development. Amenities will include:

  • Fitness center;
  • Party room
  • Bicycle storage;
  • Amazon storage room;
  • Rooftop patio space with outdoor furniture, grill.

Downtown Newark, just minutes away from schools, the Prudential Center, NJPAC, Military Park, Lincoln Park, Independence Park, as well as in close proximity to Newark Museum, New Jersey Institute of Technology, Rutgers University, University Hospital, and numerous restaurants, banks and stores.

  • Targeted Average Cash Yield: 7.34%
  • Targeted Equity Multiple: 2x
  • Targeted Investment Period: 5 - 7 years

MULTI-FAMILY HOUSING REDEVELOPMENT LOCATED AT 521-523 CENTRAL AVE, NEWARK, NJ

This property is a 57 x 106 corner lot in a residential and commercial neighborhood. The proposed development will result in 4 duplex styled two family townhouse dwellings for sale as Emerging Market Units. The townhomes will consist of a 3-bedroom, 2 bath bi-level Owners Unit at the ground and first floor, and a 3-bedroom 2 bath Rental Unit on the second floor. This product is especially desirable to first time home buyers and investors alike, because the Rental Unit increases the value of the homeownership investment and provides for an attractive rental income option.

Newark’s West Ward has been ripe for building and selling Multi-Family Residential properties where this type of development is highly supported by the City of Newark’s Master Plan for Redevelopment as well as local stakeholders and organizations such as the Urban League of Essex County. Mid-Atlantic Alliance has enjoyed previous success in the neighborhood building and selling similar property types in the recent past.

Central Avenue is a main corridor in the City of Newark where transportation to local highways and public transportation are at your doorstep. Highway access to NJ Rt. 280, the New Jersey Turnpike and the Garden State Parkway are just minutes away. Bus lines headed east to downtown Newark and west to the Oranges are easily accessible.

  • * Acquisition Cost under $8 per sq. ft.
  • Targeted Investor IRR: 37%
  • Targeted Equity Multiple: 1.7x
  • Targeted Investment Period: 2-3 years

11-UNIT MIXED-USE RENTAL REDEVELOPMENT LOCATED AT 347-349 W. MARKET ST. , NEWARK, NJ

The subject property is a 5000 SF vacant lot in which the finished development product will result in a 13, 900 SF Mixed-Use Residential and Commercial building. The building will have 11 residential units consisting of a Studio, One- and Two-bedroom rentals and 1 ground floor Retail space. The building will boast high standards of architectural, structural and energy efficient design.

The property is located amidst a metropolis of City conveniences and services making the development immensely transient oriented. Just a few yards south is the campus of Rutgers University School of Medicine and Dentistry, one of the leading medical schools and trauma centers in the State of NJ. The subject property is in close proximity to several major highway connections as well as public transportation, with a bus stop positioned directly in front of the building residents will benefit from a five-minute bus ride to Newark Penn Station and a 10-minute drive to Newark Liberty International Airport.

This Rental and Retail building will be desirable to live and work for local professionals and students and will introduce a desperately needed fresh food Café to the neighborhood.

  • *Acquisition Cost under $8 per sqft
  • Targeted Investor IRR: 9%
  • Targeted Equity Multiple: 1.75x
  • Targeted Average Cash Yield: 6%
  • Projected Investment Period: 5 years

NEW CONSTRUCTION, DAYCARE/MULTI FAMILY 561 MLK BLVD

  • Targeted Investor IRR: 9%
  • Targeted Equity Multiple: 2.5x
  • Projected Investment Period: 5 years

Recent Prior Performance of Certain Real Estate Projects

Prospective investors will not acquire any interest in any of the properties in connection with the Fund. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not indicative of future results, and there can be no assurance that comparable results will be achieved in the future.

Value Add & Income Fund will target investments across property types.

Value Add & Income Fund LLC
506(c) Offering Platform

Company Management Team

The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and efficient execution of its planned operations.

Victor Baker

Victor Baker

Director

Victor Baker is a native of Buffalo, New York, and a graduate of Rutgers University. He serves as the Company’s Managing Director. Mr. Baker is an experienced Real Estate Developer in addition to having spent over 10 years in the Securities and Investment Industry. He has established a successful track record for securing financing and implementing infrastructure for real estate development projects for more than a decade. His experience includes Public/Private Redevelopment Financing and Urban Redevelopment. Mr. Baker has presided over commercial, rehab and new construction projects. Some of Mr. Baker’s successes are included in the highlighted real estate transactions included in Exhibit A, “Investor Presentation and Real Estate Highlights,” attached hereto.

Hassan Keith

Hassan Keith

Project Manager and Director

Born and raised in Newark, NJ, Hassan Keith is a graduate of Rutgers University. Mr. Keith has well over a decade of experience in Public/Private Redevelopment Financing and Urban Redevelopment. He is also a New Jersey General Contractor. As a General Contractor, Mr. Keith has newly built or reconstructed close to 200,000 sq. ft. of residential and commercial construction. Mr. Keith has completed reconstruction of substantially damaged structures, infill new multi-family construction, infill mixed-use construction, as well as commercial space fit outs.

Michael Adams

Michael Adams

Director, Business Development

Michael Adams is a native of Paterson, NJ, and a graduate of the University of Delaware. After completing his sixteenth NFL season with the Houston Texans, the two-time pro bowler has recently joined the Chicago Bears Defensive Coaching Staff. Simultaneously, over the last 7 years, Mr. Adams has become an integral part of the Real Estate Firms management team, playing a key role in the company's expansion into Class A Property Construction and Development Projects.

Michael Adams

Tahir Whitehead

Director

Tahir was born and raised in Newark, NJ, where he resided in the west ward of the city. He is a product of the Newark Public school system and played in the Newark Pop Warner League. Tahir attended West Side high school, where after four years he earned a full athletic scholarship to Temple University. While at Temple he earned a bachelors degree in Criminal Justice, and at the conclusion of his collegiate career he decided to pursue a career in the NFL. After spending stints with the Detroit Lions, Oakland Raiders, and the Carolina Panthers Tahir now enters his 10th year in the NFL. In 2019 he was named the Walter Payton Man of the Year nominee for the Raiders and was also honored with having a recreation center in Newark named after him (Tahir Whitehead Training Recreation Education Center). Tahir recently was named a recipient of the Temple class of 2021 30 Under 30. His introduction into real estate development came in 2014. Since then he’s done deals in Newark, other parts of Essex County, Detroit, and metro Atlanta.

Brandon Copeland

Brandon Copeland

Director

Brandon is a Baltimore, Maryland native and University of Pennsylvania graduate. In addition to being a starting NFL linebacker he teaches a course called Life 101 at Penn and online in the off-season. He is a contributing editor for Kiplinger Personal Finance, a member of CNBC’s Financial Wellness Council and the NFL Players Inc. Advisory Committee, and an owner of two residential real estate companies and one commercial development company. Copeland is also a co-founder of a nonprofit organization, Beyond the Basics Inc., and was the recipient of the 2020 NFLPA Alan Page Community Award, the NFLPA’s highest honor given for extraordinary dedication to service, social justice, and equality.

"Family offices are gearing up to pounce on distressed real estate."

- therealdeal.com

"It is imperative that minority managers capitalize and be in position to do the same."

- Victor Baker, Managing Partner Value Add & Income Fund LLC

Value Add & Income Fund LLC
506(c) Offering Platform

terms of the offering

$25,000,000

Minimum Investment: $100,000 (1 Unit)

The Company is offering up to 250 units (the “Units”) of the securities of Value Add & Income Fund LLC (the “Company”) at an offering price of $100,000 per Unit for an aggregate maximum offering price of $25,000,000 (the “Offering”). Each Unit will consist of one (1) non-voting membership interest (collectively, the “Interests”) of the Company at a price of $100,000 per Interest. The minimum subscription by an investor is one Unit ($100,000 minimum investment). The Company reserves the right in its sole discretion to sell fractionalized Units, and may accept investments of less than one Unit.

Investors are entitled to receive their pro rata share of distributions of net profits, if any, if and when distributed by the Company. The Company intends for investors to achieve an overall 11%-13% internal rate of return plus a return of their principal, but no returns can be assured.

CONTACT US

Please complete the contact form and we will get back to you about any questions you have about our offering.

Value Add & Income Fund LLC - 535 Martin Luther King Boulevard - Newark, NJ 07102 — info@myvaluefund.com — (201) 214-0353

Value Add & Income Fund LLC
506(c) Offering Platform

so much more than what you see

prospect dashboard

The Value Add & Income Fund LLC 506(c) Investor Portal provides the opportunity to learn about our investment opportunity. Once registered, you will be able to

  • Access the Private Placement Memorandum, which outlines our company and gives greater detail about our offering;
  • Access our SEC filing;
  • View real time offering metrics of how far along we are in the offering process;
  • View a timeline of your progress in the subscription process;
  • View company contact information; directly contact the administrator;
  • Easily upgrade your account with the click of a button.

Once your account is upgraded you will have additional access including the ability to:

  • Complete the subscription documents;
  • Upload subscription and accreditation documents as applicable;
  • View specific information for investing and instructions on transfer of investment funds;
  • Review company documents including Reports, Financials, and Supporting Documents;
  • Access the asset portfolio as applicable;
  • Access news articles written by the company;
  • View documents associated with your account.

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