Overview

NNG Mezzanine Debt Fund I is a $25 million fund established to provide debt financing to NNG Impact Opportunity Fund, LLC ("IOF"), an affiliated real estate operator. The fund will serve as a source of capital to support the liquidity needs of IOF's single-family and multifamily residential real estate projects. The fund's strategy is to offer investors a fixed, preferred return by investing in IOF's projects through preferred equity positions. These investments are subordinate to any existing senior debt but hold priority over IOF's common equity, providing a layer of security. The capital will enable IOF to acquire, renovate, and stabilize its portfolio of residential properties located in New Jersey and the southeastern United States, creating value and generating the cash flow needed to deliver consistent returns to fund investors.