The Fund

Put your capital to work in California real estate

A professionally managed mortgage fund designed to generate monthly income through short-term loans secured by California real estate.

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The Fund is designed for investors seeking:

Passive monthly income

Real asset exposure

Capital preservation

Diversification beyond public markets

~8%

Target Yield*

Monthly

Distributions

$100K

Minimum Investment

None

Structural Leverage

100%

California Focused

Compounding

Auto-reinvest option

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The Fund is designed for investors seeking:

Passive monthly income

Real asset exposure

Capital preservation

Diversification beyond public markets

~8%

Target Yield*

Monthly

Distributions

$100K

Minimum Investment

None

Structural Leverage

100%

California Focused

Compounding

Auto-reinvest option

The Fund is designed for investors seeking:

High net-worth individuals seeking diversity

Family offices looking to add more tangible assets

Retirees seeking monthly passive income

Financial advisors seeking alternative income solutions

~8%

Target yield*

Monthly

Distributions

$100K

Minimum investment

None

Structural leverage

100%

California focused

Compounding

Auto-reinvest option

Access Investor Offering

How It Works

Understanding how Central works

The Central Mortgage Income Fund is how investors participate in Central’s real estate lending ecosystem.Instead of acquiring properties directly, the Fund provides financing to experienced borrowers across California. That capital helps projects move forward. Investors participate as the lender, benefitting from consistent returns without any operational burden.

What That Capital Supports

✓ Property acquisitions
✓ Renovations and repositioning
✓ Construction projects
✓ Bridge financing
✓ Business-purpose real estate lending

Why take on the risk and stress of investing in individual properties? Diversify across California and participate in the evolution of the Golden State.

How It Works

Understanding how Central works

The Central Mortgage Income Fund is how investors participate in Central’s real estate lending ecosystem. Instead of acquiring properties directly, the Fund provides financing to experienced borrowers across California. That capital helps projects move forward. Investors participate as the lender, benefitting from consistent returns without any operational burden.

What that capital supports

✓ Property acquisitions
✓ Renovations and repositioning
✓ Construction projects
✓ Bridge financing
✓ Business-purpose real estate lending

Why take on the risk and stress of investing in individual properties? Diversify across California and participate in the evolution of the Golden State.

Why lending?

Most real estate investments depend on appreciation. This strategy is different. Income is generated through lending activity.

Borrowers pay for:

Speed
Execution
Certainty

The Fund earns income from that demand.

Why Investors Like This Structure

✓ Income-oriented
✓ Real asset backed
✓ Less operational burden than direct ownership
✓ No tenants
✓ No property management
✓ No construction oversight

Why lending?

Most real estate investments depend on appreciation. This strategy is different. Income is generated through lending activity.

Borrowers pay for:

Speed
Execution
Certainty

The Fund earns income from that demand.

Why our investors prefer this structure

✓ Income-oriented
✓ Real asset backed
✓ Less operational burden than direct ownership
✓ No tenants
✓ No property management
✓ No construction oversight

The Leverage Question

How are Central loans funded?

Many lending funds seek to enhance returns by borrowing against investor capital. The CMIF does not.

Many lending funds seek to enhance returns by borrowing against investor capital.
The CMIF does not.

Many lending funds seek to enhance returns by borrowing against investor capital. The CMIF does not.

Built for durability

Every dollar invested in the Fund is supported by investor equity rather than fund-level borrowing.
Returns are generated from loan performance, not financial engineering.

Every dollar invested in the Fund is supported by investor equity rather than fund-level borrowing. Returns are generated from loan performance, not financial engineering.

Why that matters

No structural leverage

No margin calls

No warehouse line dependency

No forced asset sales

Greater flexibility across market cycles

We don’t borrow against investor capital to make more loans. We focus on making better loans.

Why no leverage matters →

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The Market

Why California?

With a GDP of $4.2 trillion, California is an economic powerhouse. Demand continues to outweigh supply across housing and construction projects, making California arguably the best state for real estate investors.

Properties need capital to:

✓ be acquired
✓ be improved
✓ be repositioned
✓ be developed

At the same time, traditional lenders continue to pull back from many forms of short-term real estate lending.

Capital fills the gap

Private lending has become an increasingly important part of California’s real estate ecosystem.

Borrowers still need capital. Projects still move forward. Communities still evolve. When financing becomes harder to access, disciplined lenders become more important.

This is where the Fund operates.

Private lending has become an increasingly important part of California’s real estate ecosystem. Borrowers still need capital. Projects still move forward. Communities still evolve. When financing becomes harder to access, disciplined lenders become more important.

This is where the Fund operates.

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Deployment

How capital is deployed

The Fund allocates capital across California through a diversified lending strategy.

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Core Markets

Bay Area

Los Angeles

San Diego

Focus

Stability

Strong collateral

Experienced borrowers

Growth Markets

Sacramento

Central Valley

Inland Empire

Focus

Population growth

Workforce housing

Higher yields

Opportunistic Markets

Select secondary markets and special situations.

Focus

Controlled exposure

Additional diversification

We don’t chase loan volume. We make good loans.

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Underwriting

How loans are structured

Where risk is managed before capital is deployed.

Typical Loan Profile

~65% loan-to-value

12–36 month terms

Interest-only structure

Primarily first-lien position

California-based collateral

Underwriting Focus

Borrower experience

Collateral quality

Clear exit strategy

The most important decision in lending happens before the loan is made.

Investor Offering

Get the investor offering

A closer look at the strategy, structure, and philosophy behind the CMIF. Designed for accredited investors evaluating the Fund and conducting due diligence.

What’s Included

How The Fund Works

Why No Structural Leverage Matters

Investment Strategy

Fund Terms & Structure

Why California

Investor Presentation

How The Fund Generates Income

Frequently Asked Questions

How The Fund Works

Why California

Why No Structural Leverage Matters

Investor Presentation

Investment Strategy

How The Fund Generates Income

Fund Terms & Structure

Frequently Asked Questions

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Investors

Equidy

Borrowers

Communities

Returns

The ripple effect

Every investment creates a ripple.

From a Bay Area apartment complex to a Sacramento housing development. Your capital creates jobs, builds homes, and moves projects forward. The ripple comes back as reliable income.

You participate in growth.
You’re rewarded with profit.
This is more than a portfolio of loans.

It’s participation in California’s real estate ecosystem.

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The ripple effect

Every investment creates a ripple.

From a Bay Area apartment complex to a Sacramento housing development. Your capital creates jobs, builds homes, and moves projects forward.

The ripple comes back as reliable income.

You participate in growth.
You’re rewarded with profit.
This is more than a portfolio of loans.

It’s participation in California’s real estate ecosystem.

Get Investor Offering

Stewardship

Experienced stewardship

Many investment managers focus on gathering assets.

We focus on stewarding capital, because when money is in motion, returns are the result.

Through the broader Central ecosystem, we’re involved throughout the lending lifecycle, from origination and underwriting through servicing and resolution.

That proximity provides:

✓ Deeper visibility into risk
✓ Stronger alignment
✓ Greater control over outcomes

Supported By

Armanino

Equidy

Robil

Legal & Compliance Partners

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Ready to learn more?

Whether you’re evaluating a first allocation or conducting deeper due diligence, the Investor Offering is the best place to start.

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Explore the strategy, structure, and opportunity.

Schedule a Walkthrough

Discuss the Fund with our team.

Explore Insights

Learn how we think about lending, risk, and capital preservation.

Get Investor Offering

Explore the strategy, structure, and opportunity.

Explore Insights

Learn how we think about lending, risk, and capital preservation.

Schedule a Walkthrough

Discuss the Fund with our team.

Get Investor Offering

Explore the strategy, structure, and opportunity.

Schedule a Walkthrough

Discuss the Fund with our team.

Explore Insights

Learn how we think about lending, risk, and capital preservation.

Available to accredited investors only. Investments involve risk, including loss of principal.

Get Investor Offering