How do you verify accredited-investor status?

Accreditation is verified through a designated third-party service such as VerifyInvestor, Parallel Markets, or another approved provider. An acceptable verification letter from a qualified CPA, attorney, registered broker-dealer, or registered investment adviser may also be used where permitted.

Investors should not send tax returns, bank statements, or other sensitive financial information directly to individual Pioneer Realty Capital representatives.

When do investors get paid?

The business plan anticipates generating proceeds as completed homes are sold during the approximately 18-month targeted project period.

Available net proceeds may be distributed according to the offering’s distribution waterfall. The amount and timing of distributions depend on completed home sales, project expenses, lender requirements, reserves, available cash, the Operating Agreement, and the manager’s discretion.

Investors should not expect fixed monthly or quarterly payments.

What is the minimum investment?

The minimum initial investment is $25,000. Additional Class A interests may be purchased in $1,000 increments, subject to acceptance by the company.

When is investor money deployed?

Subscription funds are held in a segregated account and are not released to the company until:

• The subscriber’s accredited-investor status has been verified.
• Qualified subscriptions meet at least the $2.5 million minimum offering amount.
• The company accepts the subscription.

If the applicable release conditions are not satisfied as described in the Private Placement Memorandum (PPM), subscription funds will be returned.

What happens if home sales are slower than projected?

The primary exit strategy is the phased retail sale of the 39 planned townhomes.

Current underwriting projects that the senior construction loan may be fully repaid after approximately 16 home sales, representing about 41% of the planned community.

The sponsor has also identified potential build-to-rent bulk-buyer interest as a possible secondary exit. No bulk purchase has been committed or guaranteed. Slower sales could extend the investment period, increase project costs, reduce returns, or result in a loss.

Will investors receive a Schedule K-1?

The company intends to issue investors an annual Schedule K-1 reflecting their allocated share of applicable company income, gains, losses, deductions, and other tax items.

Are the projected returns guaranteed?

No. The 12% cumulative preferred return, targeted 18%–22% IRR, targeted 35%–45% cash-on-cash return, approximately 1.4x targeted equity multiple, and approximately 18-month project term are all projections and are not guaranteed.

Investors could receive less than projected and could lose some or all of their invested capital.