STERLING RHINO CAPITAL

Sterling Rhino Capital Equity Multiple CF Fund I – Diversify your investment capital into a portfolio of Class A, luxury, new development multifamily apartment complexes.

  • University Place, WA
  • New Construction
The Sterling Rhino Capital Equity Multiple CF Fund 1 was launched to offer investors, of all types and financial statuses, a chance to partner with us on a portfolio of six (6) brand-new, luxury, apartment buildings.  These apartment buildings will be built across 3 cities……Denver, Colorado Springs, and Phoenix.  Our unique investing model provides investors in this fund access to potential returns that could be double that of what is typically seen with commercial apartment building investments.

$1,314,600

Raised from investors
Equity
Offering Type
$1.00
Price per Unit
$5.0M
Post-Money Valuation
$100,000
Offering Minimum
Membr. Units
Security
$1,000
Min. Investment
Reg CF
Offering placeholder here
$5,000,000
Offering Maximum

This Reg CF Offering is made available through TycoonoInvest Portal LLC


Why Invest in Our Fund?


 

          • Target fund return potential starts at 35% per year, including profits from the sale of each property.

         

          • As a total return, the potential target is 3.5x-4.5x. Our unique investing structure, combined with buying the dirt and building the complex ourselves, will provide our investors with the potential for returns that may be well above average.

         

          • All of these projects will have the same business model but they will each have their own unique design.  There will be differences in building size, unit count, unit mix, layout, architectural design, neighborhood, and city.

         

          • Rather than force you to pick and choose which deal to invest in, we are providing you with equal exposure to ALL of them by launching this fund.  This will maximize your return potential across the entire portfolio, while greatly reducing your risk.

         

          • Strong team founded by a group of sponsor/developers with extensive experience delivering significant long-term value.

         

          • Business model with a combined estimated year 4 net operating income (before debt service) of $27.9 million on total revenue of $38.7 million.


Overview


 

 

Fund Overview

Target Fund Returns

Chris’ Take on the Denver Market (VIDEO)

A Look At Our First Two Project Sites (VIDEO)


Mission


 

The Sterling Rhino Capital Equity Multiple Fund 1 was launched to provide our investors with the opportunity to maximize their upside potential by diversifying their money across a group of Class A, luxury, ground-up construction projects.

Our pivot from only buying existing complexes to building our own was partly driven by the extremely high purchase prices & bidding wars associated with the trading of existing complexes, which ultimately equals shrinking returns for our investors.

Although construction timelines typically range from 24-36 months, the beauty is that we do NOT have to buy the property from anyone when it is finished.  We own it and therefore the profit margin potential over the life of the asset is much greater.

Rather than opening individual offerings for each project, we decided to create this fund which will spread your investment across a diverse group of these projects in various markets, reducing your risk.

These assets we are building are Class A+ with the most modern and luxurious amenities expected by today’s professional in a city environment.  This higher class of property, market, and tenant base will reduce our risk further while we work through the volatile economic environment ahead.

Join us in changing the skyline forever in cities like Denver, CO and Phoenix, AZ while exposing your hard-earned capital to projects specifically focused on multiplying your equity and accelerating the exponential growth of your wealth.


Ownership


 

 

 

Membership Ownership

 


Business Model


 

The sponsorship team has identified 6 development sites in red-hot US markets and neighborhoods that are experiencing major growth.  These markets are Denver, CO, Colorado Springs, CO, and Phoenix, AZ.

Along with our partner Elevate Companies, we will leverage our large network of the best local architectural and design firms and contractors to create luxury communities, that includes all of the modern amenities and conveniences required to attract the high-income professionals in these downtown neighborhoods.

We will also partner with experienced owner’s rep firms, like The Wells Partnership, to help bolster our manpower and oversight on these construction projects.

 

6 Project List

“The Cooper” – A First Look (VIDEO)

“The Felix” – A First Look (VIDEO)


Target Markets


 

target market 1

target market 2

target market 3


Management Team


 

Sterling Rhino Team

Chris Roberts

Sterling Rhino Capital, LLC –  Co-Founder and CEO

Sterling Rhino Capital Equity Multiple CF Fund 1, LLC – Managing Partner

Chris Roberts has been a full-time entrepreneur and real estate investor since 2007. Chris specializes in investor relations, commercial debt, and managing financials. Chris started his real estate career by renovating, flipping, building, and renting dozens of single-family residences, in addition to running his own property management company that manages his smaller assets. Chris is currently focused on helping others create passive cash flow through investing in larger, 100+ unit multifamily apartment buildings. Chris is personally invested in over 3,100 apartment units nationwide and has led Sterling Rhino Capital to acquire and control 1122 units across several assets in Virginia, Georgia, Texas and Denver with an estimated value of over $122MM.

Chris has been a contributor on Bigger Pockets, is a member of the Forbes Real Estate Council and an Author. He is also the host of the Charging Forward Podcast where he interviews successful entrepreneurs to find out how they broke through mediocrity to become extraordinary. Chris is an Enterprise Partner with Feeding America and is passionate about teaching and giving back. Chris enjoys spending time with his wife Christina and traveling. They have been married for 11 years and have two dogs Bentley and Oliver.

 

Paul Wilcox

Sterling Rhino Capital, LLC –  Co-Founder and COO

Sterling Rhino Capital Equity Multiple CF Fund 1, LLC – Managing Partner

Paul gained his business experience working in the commercial construction industry for over 20 years in the NY/NJ market. Joining a 100-year-old commercial painting and flooring company at the age of 23, Paul became an expert in estimating and project management while working closely with general contractors and architects on some of the largest and most high-profile construction projects in the Northeast. Paul left the world of commercial subcontracting after 21 years and is now putting 100% of his time and efforts into Sterling Rhino Capital as the COO.

Paul uses his experience in construction, team building, estimating, project management, software, and ground-up system building to help make Sterling Rhino Capital a success. As COO, Paul has helped Sterling Rhino Capital acquire 936 multifamily apartment units in just under 2 years, of which 217 of those have been sold to go full cycle.

Now entering the world of ground-up development, Paul and Sterling Rhino Capital are partners in a 184-unit new construction complex in Stamford, CT and are developing another 322 units of Class-A luxury apartments, across 2 project sites in Denver, CO.

 

Wayne Chrebet

Sterling Rhino Capital Equity Multiple CF Fund 1, LLC – Managing Partner

Wayne Chrebet is most widely known for his 11 seasons in the NFL as a wide receiver for the New York Jets. During his career in the NFL, Wayne was nicknamed “Mr. Third Down” for his clutch 3rd to 1st down conversions, making up 379 of his 580 career receptions. Through Wayne’s celebrated career with the Jets, he was able to accumulate 7,365 receiving yards and 41 touchdowns.

However, getting his shot in the NFL to prove himself did not come easy and was only possible due to his hustle and belief in himself. Wayne was able to overcome incredible odds due to his physical size and therefore went undrafted in the NFL draft. His shot came when he was granted a walk-on opportunity with the Jets who happened to train at his alma mater, Hofstra University. The rest was history, and his career was named one of the greatest rags-to-riches stories in the history of professional sports by Sports Illustrated. Wayne went on to win the following awards and honors:

• 1995: Newsday’s “Jet of the Year,” as voted on by the paper’s readers.

• 1996: Awarded the Dennis Byrd Award for Most Inspirational Player as voted by his New York Jet teammates.

• 1996: Hofstra University Young Alumni Award. The award was bestowed to alumni who, within 10 years of graduation, achieved significant accomplishments in professional life.

• 1997: New York Jets “Unsung Hero Award”

• 2000: Thurman Munson Award for his outstanding efforts on an off the field and in serving in the community.

• 2001: New York Jets Alumni Association’s “Jets Player of the Year”

• 2002: Inducted into the Hofstra University Athletic Hall of Fame.

• 2005: Awarded the Ed Block Courage Award.

• 2010: NFL Top 10: Undrafted Players #10.

• 2014: Inducted into the New York Jets Ring of Honor.

Wayne’s success did not end with his NFL career. After he retired, he was able to obtain a Series 7 license and worked as a financial advisor for Morgan Stanley and later for Barclays Capital for many years. He also ventured into the restaurant business, operating two restaurants on Long Island, and into commercial real estate. Wayne invested and partnered in multiple new development construction projects in the NY/NJ/PA area and in Florida, including retail and multifamily deals.

Already an owner on a near completed, 184-unit, new development, multifamily project in Stamford, CT with Sterling Rhino Capital, Wayne is now a Managing Partner in the Sterling Rhino Capital Equity Multiple Fund. Wayne’s goal is to help educate and teach people how to invest and grow their wealth using multifamily apartment syndications.

 

Erin Monheim

Sterling Rhino Capital Equity Multiple CF Fund 1, LLC – Director of Investor Relations

Erin began her career as a bank teller where she quickly developed a passion for building relationships. Erin’s success led her to the insurance industry, where she spent seven years honing her skills. As a licensed insurance agent, Erin developed and implemented various marketing strategies, led a team of sales and service representatives, and served as the main point of contact for the firm’s commercial and high-net-worth clients.

In 2013, Erin brought her talents to the finance industry serving in the investor relations capacity for multiple investment firms, including a Registered Investment Advisor (RIA), a boutique real estate and private equity investment firm boasting over $1.5 billion of real estate assets, and most recently, a publicly traded mortgage company.

Throughout her career, Erin has successfully developed various investor relations strategies, provided performance analysis and reporting, and has upheld a strong reputation for managing and maintaining investor relationships. Erin utilizes her expertise to further the investor experience and success of Sterling Rhino Capital.

Erin is a native of Southern California and enjoys spending time with her husband Dave, stepchildren Jonah and Ava, and her beloved Weimaraner, Sadie.

 

Mark Ferreira

Sterling Rhino Capital Equity Multiple CF Fund 1, LLC – Operations Manager

Mark Ferreira is an accomplished IT (Information Technology) professional, with over 20 years of experience investing in real estate. Mark has successfully completed a wide range of projects, from multifamily “Buy & Hold”, single-family “Fix & Flips”, to land development and construction. He is also a licensed realtor in the state of Massachusetts.

In 2018, Mark discovered the power of investing in commercial multifamily apartment buildings. Since then, Mark has invested passively as a Limited Partner in over 1,100 units through syndications and joint ventures.

Mark is actively partnering with experienced operators such as Sterling Rhino Capital. He is currently a General Partner & Co-Sponsor in over 400 units. As a general partner, he has taken on roles in asset management, overseeing construction timelines, bidding out projects with contractors, as well as auditing project costs. Mark works directly with the lead sponsors and property management to ensure a successful execution of the business plan.

Mark is enjoying sharing these amazing apartment investing opportunities with the people around him that either didn’t know about this investment vehicle or didn’t have access to good deals with quality sponsors. Mark lives in southern Massachusetts with his wife and two children.


Proof of  Concept


 

For a look at a ground-up development project that we partnered with Elevate Companies on, which is now nearing completion of the construction phase, The Hazel is a 184-unit Class A apartment complex in Stamford, CT.  The building also has 4,089 SF of retail and community space.

The project started in the Spring of 2020 and had a total budget of over $52MM.  Now in June of 2022, the project is coming in under budget and on schedule and average rents in the market are $111 more than projected.

Lease-up will begin now as we work towards stabilization of the asset, at which point we will refinance out of our construction loan into longer-term debt.  Quarterly distributions for investors should begin in the spring of 2023.

This opportunity is no longer open for investment, but it will give you a good look at the type of projects that we will be completing with your investment capital in the Sterling Rhino Capital Equity Multiple CF Fund I.

 

hazel property


Use of Funds


 

Use of Proceeds

 

 

 


Milestones


 

 

distributions and reporting

 

 

Initial Timeline

 

 


NOTICES AND DISCLOSURES

This presentation is the property of Sterling Rhino Capital Equity Multiple CF Fund 1 LLC (“Sterling Rhino Capital”).

This presentation is intended to be of general interest only, and does not constitute or set forth professional opinions or advice. The information in this document is speculative and may or may not be accurate. Actual information and results may differ materially from those stated in this document.

 

Sterling Rhino Capital makes no representations or warranties which respect to the accuracy of the whole or any part of this Sterling Rhino Capital presentation and disclaims all such representations and warranties. Neither Sterling Rhino Capital nor its principals, employees, or agents shall be liable to any user of this document or to any other person or entity for the truthfulness or accuracy of information contained in this presentation or for any errors or omissions in its content, regardless of the cause of such inaccuracy, error, or omission. Furthermore, Sterling Rhino Capital, its principals, employees, or agents accept no liability and disclaim all responsibility for the consequences of any user of this document or anyone else acting, or refraining to act, in reliance on the information contained in this document or for any decision based on it, or for any actual, consequential, special, incidental, or punitive damages to any person or entity for any matter relating to this document even if advised of the possibility of such damages.  Any and all projections that may be contained this document have been estimated based on unknown variables which may or may not occur in the future.

 

This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements express Sterling Rhino Capital’s expectations or predictions of future events or results. They are not guarantees and are subject to many risks and uncertainties. There are a number of factors beyond Sterling Rhino Capital’s control that could cause actual events or results to be significantly different from those described in the forward-looking statements. Any or all of the forward-looking statements in this document or in any other statements Sterling Rhino Capital makes may turn out to be wrong. Except as required by applicable law, Sterling Rhino Capital does not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. In light of the significant uncertainties inherent in the forward-looking statements made in this document, the inclusion of this information should not be regarded as a representation by Sterling Rhino Capital or any other person that its objectives, future results, levels of activity, performance or plans will be achieved.

 

No representation or warranty can be made as to Sterling Rhino Capital’s future operations or the amount of any future income or loss. Some assumptions on which the Financials are based may inevitably not materialize, and unanticipated events and circumstances will occur.

 

Offering Summary

Company: STERLING RHINO CAPITAL EQUITY MULTIPLE CF FUND 1 LLC

Address: 6824 19th St. W #159, University Place, WA 98466

Minimum Investment: $1,000

Offering Minimum: $100,000

Offering Maximum: $5,000,000

 

Terms

Offering Type: Equity

Security: Membership Units

Price per Unit: $1.00

Minimum Number of Units Offered: 100,000

Maximum Number of Units Offered: 5,000,000

Post-Money Valuation: $5,000,000

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

Updates

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WHAT IS A REAL ESTATE FUND?

A “single-asset syndication” is where a group of people buy an apartment complex together. This group is made up of the Limited Partners (LP) and General Partners (GP).  The Limited Partners are the investors, whose only role is to provide money to help buy the apartment complex.  The General Partners are the real estate experts that do all of the work.

A “fund” works the same exact way, with the same roles and partners, except instead of the group buying one, single apartment complex, they invest in an entity (the fund) that owns multiple apartment complexes.  By investing in a fund, the LP’s money is spread across all of these properties, creating diversified sources of return.

 

WHAT ARE THE BENEFITS OF INVESTING IN A REAL ESTATE FUND?

  • Spreads out investor equity over many properties
  • Exposure to multiple markets, neighborhoods, building types, and returns
  • Provides opportunity to experience multiple “capital events”, when profits from sales or refinances are distributed to investors at different times for each property
  • Risk is reduced because your investment isn’t tied to a single property
  • Doesn’t force you to have to choose which property will be the most profitable……invest once and you’re in all projects/properties
  • All of the benefits of investing in a single-asset syndication………tax benefits, low risk, low volatility, higher-than-avg returns, tangible assets, cash flow

 

WHAT IS THE MINIMUM INVESTMENT AMOUNT?

The minimum investment amount is $1,000.

 

CAN I INVEST WITH MY RETIREMENT ACCOUNT?

You can invest with retirement money, but that money has to be in an account that allows you to invest in “private placements”.  Examples of these types of accounts would be a self-directed IRA (SDIRA)solo 401k, or eQRP.

 

WHEN WILL DISTRIBUTIONS START AND HOW OFTEN WILL THEY GO OUT?

Cash flow distributions will start when the first property starts cash flowing (income exceeds expenses).  Then your cash flow distribution % will increase as more projects are completed and they also start cash flowing.  We expect the first project to start cash flowing in Year 3.  Distributions will be paid quarterly and will be deposited directly into a bank account of your choice via ACH (direct deposit).

 

WHAT ARE THE RISKS WITH NEW CONSTRUCTION?

There are inherent risks with ALL investments.  If you want to hear our opinion on why multifamily is low risk, listen to this.  New construction has a bit more risk than buying an existing apartment complex, because you have to build the building first, but the reward can be worth it in our opinion.  New construction comes with 1) construction costs and 2) a timeline/delays.  The first way we mitigate risk is by hiring partners like The Wells Partnership, to oversee our construction projects.  With the help of owner’s rep firms like this, we then have our general contractor provide us with a GMP (guaranteed maximum price).  This is like having a “not-to-exceed”, or worst-case-scenario on the costs to build the complex.  If we use this cost in our underwriting and return projections, we know we are safe on construction costs.  The general contractor is required to adhere to a schedule and there can be penalties for not hitting certain dates.  Even if a delay occurs on a project, it can be dealt with.  Remember, your investment capital is spread across many projects, so a delay here or there may not affect the bigger picture much or at all.  The beauty is that once construction is complete and tenants are moved in, we own an apartment building that will undoubtedly be worth much more than it cost to build.  We do not have to buy it from someone who has put a massive mark-up on the product.  However, we do get to sell it at some point with a massive mark-up.