Portfolio
Q4 2023
Hilow Capital purchased a 44-unit Low Income Housing Tax Credit property. We identified this as an attractive investment opportunity due to the strong in-place cashflow, extremely low assumable fixed-rate debt, and opportunity to increase operational efficiencies.
We forecast a 20% to 35% cash-on-cash return beginning in Year 2 and intend to hold long-term.
Apple Creek Apartments
Q1 2023
Hilow Capital made a direct investment through a convertible note vehicle into PhishCloud Inc. We identified PhishCloud as an attractive investment opportunity due to the velocity at which Phishing damages are growing, and our view that the existing companies addressing the space continue to focus on systems rather than the user. 2022 saw an 1,100% increase in corporate phishing attacks over 2021. PhishCloud Inc. has positioned itself to address the growing need to shore up these vulnerabilities by businesses.
We forecast a 5x to 10x equity multiple over a 7-10 year hold period.
PhishCloud
Q2 2022
Hilow Capital made an investment into a workforce housing portfolio totaling approximately 600 units across midwest markets of the US. We identified this as a good investment opportunity due to the experienced operator, upside income potential, and advantageous cost-basis at acquisition.
We forecast a 3x-6x equity multiple over the 5-7 year hold period.