Mioym Equities
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%
LOW-INTEREST RATE RISK
Investments have short maturities as most projects last between 12 and 48 months, which minimizes interest rate risk.
LIQUIDITY
Due to the short-term nature of renovation loans, the portfolio turns over approximately once per year.
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.