Company's Criteria
Our commitment to excellence and dedication to our clients' success sets us apart from our competitors. At this particular point in time, we are focusing our attention on specific criteria that aligns with our investment strategy.
Source & Origination
Onyx Norse Fund provides Sourcing & Origination services for projects within the following criteria:
Project Type: Value-Add, Opportunistic, Development, Re-Development
Asset Type: Multifamily, Mixed-Use, Hospitality, Retail, Conversion
Markets: Gateway and high-growth primary and secondary markets across the Sunbelt and East Coast, with an emphasis on the New York MSA.
Returns: 20%+ Gross Levered IRR, 2X+ Gross Levered Equity Multiple
CO-GP
As a specialized party, Onyx Norse Fund collaborates with other General Partners on particluar value-add and development projects which meet the following criteria:
Project Type: Value-Add, Opportunistic, Development, Re-Development
Asset Type: Multifamily, Mixed-Use, Hospitality
Markets: Gateway and high-growth primary and secondary markets across the Sunbelt and East Coast, with an emphasis on the New York City MSA.
Returns: 24%+ Gross Levered IRR, 2.25X+ Gross Levered Equity Multiple
ONF contributes to projects as a Co-GP by leveraging its relationships with niche operators, lenders and financiers, institutional capital partners, general contractors, and local vendors to create unique upside and complete complex or abnormal deals.
"Real estate investment is not just about buying property, it's about creating a foundation for financial stability and future growth."
Direct Investment
Criteria for ONFs Direct Investments:
Project Type: Value-Add and Opportunistic with substantial renovation, repositioning or lease-up potential.
Asset Type: Mixed-Use with predominantly free market residential units.
Deal Size: $1-8M
Geography: New York City with a focus on growing neighborhoods in Brooklyn, Queens and Manhattan south of 14th Street.
Returns: 30% Gross Levered IRR, 3X Gross Levered Equity Multiple