Integris Parkhouse Credit Fund
Frequently Asked Questions

What is the Integris Parkhouse Credit Fund?
Integris Parkhouse Credit Fund offers accredited investors an opportunity to invest in a note that will earn them passive income via a fixed annual interest rate of 15%, accrued and paid upon maturity.¹ Return of investor capital will be realized by September 30, 2024, the maturity date of the fund.²

Is Integris Parkhouse Credit Fund a short-term investment?
Definitions of short-term offerings vary. This particular fund matures September 30, 2024, with an option to extend up to six months.² Many traditional real estate offerings have investment hold periods of five years or more. The Integris Parkhouse Credit Fund will mature in a shorter timeframe.

Is this a short-term note or an unsecured note?
Though definitions of short-term vary, the Integris Parkhouse Credit Fund is an unsecured note, backed by a guaranty of William & Cindy Shopoff, the principals of Integris Real Estate Investments and its parent company, Shopoff Realty Investments. Investors will earn a fixed rate through September 30, 2024.² Interest will be accrued and paid upon maturity.

What is the intended use of the capital being raised by the fund?
Proceeds from Integris Parkhouse Credit Fund will be used by the borrower to complete the development of 30 luxury condos, located in Newport Beach, California, known as “Parkhouse Residences.” Please see the private placement memorandum for details.

Is the 15% annual interest rate a targeted internal rate of return (IRR), a preferred return or a fixed rate?
The “annual interest rate” expressed for the Integris Parkhouse Credit Fund is the actual amount we commit to pay investors. A preferred return, as other funds may advertise, is an accrual to be paid to investors first if the project is profitable enough to cover this obligation. An IRR (internal rate of return) is a figure commonly seen in financial projections of what some investments hope to achieve. The 15% fixed return of the Integris Parkhouse Credit Fund is not a preferred return or IRR projection.

What type of investment is this? Is this similar to a corporate bond, high-yield bond or note?
Integris Parkhouse Credit Fund is a private placement sometimes referred to as a private real estate offering, Reg D offering or private fund, and as such, information about the fund and risks are contained in the private placement memorandum. The offering is not a corporate bond, high-yield bond or note.

What is the term of this investment?
Twelve months from the effective date of the fund until the scheduled maturity date of September 30, 2024.²

Is the investor charged any fees, commissions or expenses for this investment?
Integris Parkhouse Credit Fund has no upfront sales charge, nor does it charge any fees or expenses to investors.

When will investors’ capital investment be returned?
The maturity date of Integris Parkhouse Credit Fund is September 30, 2024, with an option to extend up to an additional six months,² at which point the capital invested will be returned to investors.

How long has Integris been in business? What is the track record of Integris?
Integris and its affiliated companies have a 31-year history³ and track record of serving individual and institutional investors. A detailed track record is available within Integris Parkhouse Credit Fund’s private placement memorandum, which all prospective investors should review thoroughly.

Is the Integris Parkhouse Credit Fund considered crowdfunding?
Integris Parkhouse Credit Fund is a 506(c) Regulation D offering often used in crowdfunding. 506(c) offerings, also known as private placements, are only available to accredited investors.*

Is real estate crowdfunding only for multifamily?
No. Crowdfunded offerings can be virtually any asset class. BTR or build-to-rent, industrial, hospitality and fixed rate credit funds can utilize the 506(c) or any crowdfunding model.

Is this fund considered a private credit fund or a private debt fund as I’ve seen mentioned in articles about commercial real estate?
While both terms are often used interchangeably, they commonly refer to private investments with a debt structure instead of an equity structure.

Will I receive a 1099 or K-1 for my taxes?
Integris Parkhouse Credit Fund will issue a K-1.

Would Integris Parkhouse Credit Fund be considered a high yield investment?
High-yield is a term usually used to describe bonds (also called junk bonds) that pay higher interest rates because they have lower credit ratings than investment-grade bonds. High-yield bonds are more likely to default, so they pay a higher yield than investment-grade bonds to compensate investors. It’s important to evaluate what collateral or other terms provide investors some type of recourse in the event of a default.

1. 15% per annum, non-compounded, payable upon the maturity date.
2. Maturity date is September 30, 2024. The term may be extended by one additional six (6) month period.
3. As of March 31, 2023. See Private Placement Memorandum for complete track record. Full-cycle assets include land hard and loan assets, and commercial hard and loan assets. 1992 to present as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). William Shopoff is the Founder and Principal of all these entities. Performance has varied in this time frame with certain offerings having generated losses that are detailed in the track record. Past performance is not indicative of future results.