Corridor Land & Development Fund
The MNO Corridor Land and Development Fund (CLDF) is an opportunistic strategy fund that invests in ground-up multifamily/mixed-use real estate projects developed by MNO Partners along with land that is entitled for such projects. The Fund invests directly in MNO-controlled land and MNO developments at the sponsor level and takes a share of Promote.
Summary Terms
Size | $20,000,000
Fund Life | 6 Years
Projected IRR | 25%+
Projected Multiple | 2.0x+