RD Real Estate Debt Fund II
NOW OPEN FOR INVESTMENTS
NEXT CLOSING DATE: JANUARY 1, 2025
RD Real Estate
Debt Fund II, LP
An investment vehicle currently focused on shorter-term, senior real estate loans on primarily residential investment properties in the Greater Boston Area. Our loans have financed over 300 development projects since 2017, comprising over $300 million in principal amount.
This offering is open to Accredited Investors only. See if you qualify.
7+ Years
Track Record30/30
Quarters with Positive Returns1 Year
Lockup Period$50,000
Minimum Investmentoverview
A real estate private credit strategy made specifically for times of volatility. RD Real Estate Debt Fund II was founded by a Boston-based developer and a NY-based family office as a capital preservation strategy for the next market downturn.
Our revolving portfolio of shorter-term (mostly 12-month) senior-secured (first position) real estate loans has generated 30 consecutive quarters of positive returns to date, as well as consistent quarterly income distributions since 2018.
Our loans have funded the acquisition, renovation and refinance of over 300 investment properties by many experienced developers. We only make loans for non-owner-occupied (or “investment”) properties.
Our team brings decades of real estate, banking, private equity, and lending experience. This has allowed us to become a highly-sophisticated lender powered by proprietary technology and deep relationships in the Greater Boston market.
Asset Class: Senior Debt
Property Types: Residential, Commercial
States: MA, RI, NY, and others.
Portfolio Size: $129mm+
# of Loans: 81
Avg. Loan Size: $1.6mm
Avg. Loan Term: 13 months
Data as of September 30, 2024.
Property Types: Residential, Commercial
States: MA, RI, NY, and others.
Portfolio Size: $129mm+
# of Loans: 81
Avg. Loan Size: $1.6mm
Avg. Loan Term: 13 months
Data as of September 30, 2024.
This presentation (the “information”) has been prepared solely for informational purposes, could omit certain material information about RD Real Estate Debt Fund II, L.P. (the “Fund” or “RDREDFII”) and is intended solely for your use. The information is not to be used or considered as an offer to sell, or a solicitation of an offer to buy, any security or the provisions of an offer to provide investment or other services. Any offer of securities in the Fund will be made through a Private Placement Memorandum (PPM), Limited Partnership Agreement, and Subscription Agreement, which will supersede any statements made in this document, and can be accessed by clicking on the links provided. In addition, interests in the fund will only be sold to “accredited investors,” as defined under U.S. federal securities laws, with additional limitations. By accepting this document, you represent that you are an accredited investor, that you meet all applicable qualifications in your jurisdiction to receive this information relating to investments in the Fund and represent that you understand the risks involved in any investment in the Fund. Please note additional disclaimers here.
Offering Details
Click on each section to reveal information.
Managing Partners
Mikhail Gurevich
Mikhail brings a decade and a half of investment, technology, and operational experience to RD Advisors. In 2011 he founded Dominion Capital (“DC”), a multi-strategy investment firm, which laid the foundation for RD Advisors. Besides real estate debt, DC specializes in Structured Credit, Venture Capital, and broader Capital Markets investments. Before starting DC, Mikhail founded and was CTO of two startups, ClickFacts, an online analytics and solutions company in 2005, and ZepInvest, a financial data research aggregator in 2007.Boston University (MBA & BS in Electrical Engineering)
Sean Kelly-Rand
Sean started his real estate career with Lehman Brothers, structuring billions of dollars in transactions, and later took roles in debt restructuring and advisory, eventually running the London office for Madison International, a major RE private equity firm. Alongside his professional career, in 2010 he started a family investment firm to acquire, renovate, develop, and manage small investment properties in the Boston area. Mikhail Gurevich was one of the original investors.
Columbia University (MBA), Boston University (MA/BA in Economics)
The Investment Process
Accepted for custody at
...and many other custodians nationwide.
Largest Q3 2024 Closings
Worcester, MA
Portfolio Acquisition$4.9mm
Shirley, MA
Industrial Bridge Loan$2.5mm
Westwood, MA
Single Family Fix & Flip$1.5mm
Haverhill, MA
Mixed Use Bridge Loan$1.2mm
Frequently Asked Questions
Can I reinvest or receive my distributions? Can I change my mind later?
Yes, all partners have the option to receive or reinvest any future income distributions. You will be asked which one you choose in the subscription documentation. And yes. If you change your mind down the line, you can let us know at ir@rdadvisorsre.com
What kind of tax documentation have you usually issued?
We have previously issued federal and NY state K-1s to all our investors. That being said, for partners who do not reside in NY, the NY K-1 would not allocate any income in the state, so you may not have a filing obligation there. We haven’t typically issued K-1s in any other state.
Can I invest using an IRA or 401k?
In many cases, yes. Many of our partners have invested using self-directed IRAs or 401ks. The best way to find out is to contact your account custodian. We have previously worked with (and are accepted for custody at):
- Fidelity
- Charles Schwab
- Equity Trust Company
- Entrust
- Inspira Financial
- Pacific Premier Trust
Can I invest as an entity?
Yes, as long as the entity is considered an Accredited Investor, and its respective Authorized Signatories execute the subscription documents. You can subscribe as an individual, two individuals acting jointly, an LLC, a trust, a corporation, or a partnership.
What is your reporting schedule like?
Throughout the past few years, we have followed this reporting schedule:
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Monthly account balance statements, sent by our Fund Administrator.
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A Quarterly Investor Update Webinar, where we review performance for the previous quarter, discuss our market outlook, and open up a discussion with our investors.
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A Quarterly Investor Letter, which summarizes the discussion of our Quarterly Webinar.
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A Yearly distribution of our audited financials, often accompanied by other yearly review items.
Do you have an investor portal?
Not at the moment, but it is in the works. We are hoping to have a portal solution implemented sometime in 2025.
How does the redemption process work?
Class A investors are typically subject to a 1-year lockup period. After that, and with a 90-day advance notice, they may redeem up to 25% of their account per quarter. Therefore, it could take 2 years to fully redeem a Class A investor (1-year lockup period and 4 quarters of redemptions after that). If you want to request a redemption, please email ir@rdadvisorsre.com and request a Withdrawal Request Form.
