OUR MISSION
Mioym core investor base consists of individual investors rather than pension funds, endowments and other institutional investors. We believe that large funds cannot effectively deploy money in the overlooked niches that offer some of today's most attractive returns. Many of these larger funds need to deploy $10-$50 million per investment, or much more, in order to operate efficiently. Mioym is built from the ground up to make smaller investments directly, without relying on layers of sub-managers, each of whom must be compensated. By being vertically integrated and managing expenses carefully, Mioym aims to deliver real value to investors and to outperform the returns of our larger rivals who may pursue similar strategies.
COMFORTABLE MARGINS
The overwhelming majority of the portfolio is comprised of properties with loans secured by a first lien on a house. Investors typically provide 20%-25% of the capital needed to buy & renovate the house, which results in no more than 60% of the after repair market value. Additionally, equity is often created at the time of purchase by buying houses at prices below retail value. Further enhancement of the value of the collateral is through cost-effective renovations.
HIGH CURRENT INCOME
Allowing investors to earn attractive returns on investments between 10% and 25%.
LIQUIDITY
Due to the short-term nature of renovation loans, the portfolio turns over approximately once per year.
LOW-INTEREST RATE RISK
Investments have short maturities as most projects last between 12 and 48 months, which minimizes interest rate risk.
LIMITED RISK
Frequently, we would rather give up some of the “upside” of an investment in order to limit our risk. We are fundamentally risk-averse, long-term focused investors.
PARTNERS & ROI
Debt Facilities
80-90% Acquisition cost coverage
We have institutional debt facilities that lend us 85-90% of the acquisition cost and 100% of the renovation cost
Equity Partners
10-15% Equity coverage
We look for equity partners that will assist to cover the equity:
10-15% of acquisition
Closing cost
Legal fees
Carrying cost
ROI
17.5% Return On Investment
Once the property is sold the debt is paid back to the institution and our equity partners are made whole with a 17.5% return on their investments within one year.
Previous Investments
1401 S Williams St, Westmont, IL 60559
1401 S Williams St, Westmont, IL 60559
1401 S Williams St, Westmont, IL 60559
1401 S Williams St, Westmont, IL 60559
Purchased $495,000, renovated for $98,000 Sold for $933,000
2403 W Rogers Ave, Baltimore, MD 21209
2403 W Rogers Ave, Baltimore, MD 21209
2403 W Rogers Ave, Baltimore, MD 21209
2403 W Rogers Ave, Baltimore, MD 21209
Purchased $240,000, renovated for $70,000 Sold for $500,000
6 Shawnee Dr, Wenonah, NJ 08090
6 Shawnee Dr, Wenonah, NJ 08090
6 Shawnee Dr, Wenonah, NJ 08090
6 Shawnee Dr, Wenonah, NJ 08090
Purchased $215,000, renovated for $80,000 Sold for $460,000
1333 Baecher Ln, Norfolk, VA 23509
1333 Baecher Ln, Norfolk, VA 23509
1333 Baecher Ln, Norfolk, VA 23509
1333 Baecher Ln, Norfolk, VA 23509
Purchased $350,000, renovated for $70,000 Sold for $610,000
