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Origin Investments Unveils $350M Multifamily Credit Fund

Navi Persaud
Oct 12, 2021

Origin Investments, a private real estate manager, launched a $350-million Multifamily Credit Fund designed to give qualified purchasers a passive income stream substantially higher than most other fixed-income investments.

The Origin Investments Multifamily Credit Fund's low-risk passive income stream comes from conservatively leveraged Freddie Mac K-Deal and SBL B-Piece certificates backed by cash flowing and geographically diversified multifamily mortgage loans, according to a press release. The Fund targets a total net annual IRR of 8%-10% and a 6%-8% net annual yield.

The Fund is also structured with a REIT subsidiary, which under provisions of the Tax Cuts and Jobs Act provides a 20% tax deduction on all taxable dividends, regardless of an investor’s income. The REIT structure also blocks Unrelated Business Taxable Income (UBTI) for tax-exempt investors, including IRAs.

The new Mfund comes less than 90 days after the firm closed its first Qualified Opportunity Zone Fund. With $265 million raised, the Origin QOZ Fund ranks in the top 2% of the largest opportunity zone funds to date.

Based on its various investment and performance-related accomplishments, Origin has met Freddie Mac’s stringent requirements to become an approved B-Piece purchaser.

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