Stage Point Master, LLC
A high-yield secured promissory note offering.
6.00% to 10.00%
Annual yields across eight terms, from 3 to 60 months.
For accredited and qualified investors.
The banking void, and the opportunity it creates.
Value-add real estate investors have limited access to financing for opportunistic purchases of distressed residential properties. Stage Point was built to close that gap.
Community and regional banks have retreated from distressed real estate and renovation lending, while large banks focus on syndicated deals.
Stage Point fills that gap directly, underwriting the distressed and renovation loans traditional banks now avoid.
The U.S. housing stock is aging and requires significant renovation, creating sustained demand for financing that funds the work.
Stage Point's loan portfolio is built around exactly this need, financing the entrepreneurs who renovate that housing back into use.
The resulting absence of capital lets specialty lenders price risk more attractively than a crowded, low-margin market would allow.
Stage Point captures that pricing advantage and passes disciplined, attractive yields through to note holders.
The offering.
Investors lend to Stage Point Master, LLC, an evergreen special purpose vehicle and the sole owner of Stage Point Fund, the loan portfolio entity. Every dollar lent to SPM through a secured note is invested directly in that operating entity.
Select a term to see its rate. Longer commitments earn a higher yield.
1 year (12 months)
8.30%
Annual interest rate, compounded monthly
- Monthly rate
- 0.66667%
- Annual, non-compounded
- 8.0000%
Flexible distributions
Elect quarterly cash interest payments, or reinvest interest for principal appreciation.
Simple tax reporting
A single 1099-INT each year, with no state or federal K-1 filing obligation.
Accessible minimum
A $200,000 minimum for individual investors, $1,000,000 for entities.
See what your note could earn.
Choose a term, an investment amount, and how you'd like interest paid, to see the note's fixed contractual rate carried out to maturity.
Note term
$200,000 minimum for individual investors, $1,000,000 for entities.
Interest
Interest compounds monthly and appreciates the principal.
- Annual rate
- 8.30%
- Initial investment
- $200,000
- Total earned
- $16,600
- Value at maturity
- $216,600
Illustrative only, based on the note's fixed contractual rate. Assumes interest compounds monthly and remains invested through maturity. Not a guarantee of future returns.
A track record built over twelve years.
Stage Point Capital has executed this lending strategy since 2013, scaling from a friends-and-family office into an institutional-grade platform, and every audited year since 2014 has closed in the black.
50th
Consecutive quarter of positive investor returns and audited annual financials since inception in 2014.
$0
Principal loss since 2014
$205M+
Total originations, ~757 loans
$51M
Assets under management
12.66%
Twelve-year average ROE, 7.74% to 13.48% annually
How your capital is protected.
Every loan is underwritten with a margin of safety: conservative valuation, strict draw controls, and the in-house ability to take over an asset if a borrower defaults.
Equity buffer
~30% average, from lending on “As Complete Value.”
Conservative leverage
~70% loan-to-value on As Complete Value.
First-lien security
Recorded, publicly verifiable liens on ~98% of the portfolio.
Personal guarantees
Every corporate borrower's principals personally guarantee the loan.
Controlled draws
Construction reserves release only as completed work is verified.
In-house workout capability
Stage Point forecloses, renovates, and sells directly when needed.
The payment waterfall
Note holders sit above management and equity in the liquidation order, senior only to the institutional credit lines.
Tier 1
Senior credit
Institutional lines, capped at 1:1 leverage
Tier 2
Your positionSPM note holders
Secured promissory notes, paid before equity
Tier 3
First loss capital
Management and equity cushion absorbs the first dollar of loss
~30%
Avg. equity buffer
$0
Principal loss since 2014
A disciplined portfolio, built on repeat relationships.
Stage Point Fund lends to experienced fix-and-flip contractors and entrepreneurs who specialize in residential rehabilitation. More than 80% of the Fund's loans go to borrowers who have already completed a successful project with the team.
- Active loans
- ~80
- Repeat borrowers
- 80%+
- Avg. face value
- ~$500k
- Loan term
- 12 months
- Avg. loan rate
- ~16.5%
- Gross yield
- 18%+
Portfolio by state
By outstanding principal, as of Q3 2025.
Concentrated in Rhode Island and southeastern Massachusetts, with additional lending in Florida, Pennsylvania, and Virginia.
A simple, evergreen capital structure.
A single manager oversees the entire chain from your note to the underlying loan, so there is no added layer of fees or fund managers between your capital and the collateral behind it.
Stage Point Capital, LLC
Sole owner and manager of both entities below
The issuer
Stage Point Master, LLC
Receives investor capital via secured notes. Simple 1099-INT reporting, no K-1 filing.
The operating entity
Stage Point Fund, LLC
Holds the loan collateral securing SPM notes. ~$205M in originations since inception.
Fund lends to
Third-party real estate entrepreneurs
First-lien mortgage loans to repeat, experienced borrowers.
Institutional credit lines
Variant Income Fund and Customers Bank
Senior, capped facilities that supplement, never replace, note holder capital.
Stage Point's principals and their families hold roughly 17% of total SPM debt, investing alongside note holders on the same terms.
Decades of real estate and legal experience.
A small, senior team that underwrites every loan itself and stays close to every borrower relationship.
Terms and service providers.
Key terms
- Minimum investment
- $200,000 for an individual investor, $1,000,000 for an entity investor
- Eligible investors
- Accredited and qualified investors
Service providers
- Fund Auditor
- Horowitz & Ullmann, P.C.
- Securities Legal Counsel
- Moss & Moss LLP
- Transfer Agent and Administrator
- Formidium
- Investment Manager
- Stage Point Capital, LLC (SEC Exempt Reporting Adviser)
Let's talk about your allocation.
Request the offering memorandum, or set up a call with the team to walk through the note terms and the portfolio behind them.
Office
12 East 49th St. #1808
New York, NY 10017
Contact
(401) 227-5775
ir@stagepointcapital.com