Private Real Estate Debt Fund -
Kirkland Income Fund
Be the bank for commercial real estate and collect steady high yield returns.
Alternative Fixed Income
The Role of Alternative Fixed Income
Alternative fixed income can help investors pursue income, reduce reliance on public-market volatility, and prioritize capital preservation within a broader portfolio.
Generates Income.
Contractual interest payments can provide a recurring income stream from borrower payments.
Reduces Volatility.
Lower correlation to public equities may help smooth portfolio returns and reduce drawdown sensitivity.
Preserves Capital.
Collateral-backed lending and seniority in the capital stack can help support principal protection, though all investments involve risk.
Below, see how the Kirkland Income Fund applies these principles through collateral-backed private real estate debt.
Kirkland Income Fund Overview
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Consistent and Stable Returns
Investors have received positive returns and monthly distributions since our inception in April 2020.
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High Yield
Target of 8+% equity-like returns.
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Tax Efficient
REIT structure enables investors to enhance after-tax returns.
Latest Performance
All performance shown is compounded and net of fees.
+7.90%
Trailing 12 Months
+81.03%
Since Inception
Note: Past performance is not indicative of future returns.
Investment Strategy
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Micro-Balance Commercial Real Estate Bridge Loans
Loans from $200,000 to $1.5 million are a niche with significant supply and demand imbalance, creating a unique opportunity for high returns.
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Principal Preservation-Focused
All loans are first lien, full recourse with borrower personal guarantees.
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Conservative loan-to-values
Only as-is property value is used. After repair value (ARV) and construction loans are not considered.
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Secondary and Tertiary Markets-Focused
Economically sound yet underserved geographic markets where property values have shown stability over time.
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Defined Exit Strategy
Loans must demonstrate a clear path to a long-term refinance and are for experienced borrowers only.
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Positive Impact
High proportion of minority and women borrowers. Loans support middle-income affordable housing and small businesses in communities.
New to private credit investing and interested in being the bank? Read our Private Credit 101 article to understand how this strategy works and why it’s gaining traction with investors.
Our Edge
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Professional Team
Extensive experience in real estate, lending, and capital markets, including navigating numerous market cycles. Top-tier accountants comprise our due diligence and underwriting team, with many having a CPA or equivalent qualification.
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Consistent Deal Flow
Large network of over two thousand commercial loan brokers who continue to source new loans.
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Comprehensive Due Diligence Process
A multi-tiered underwriting process that employs internal evaluations, independent valuations, appraisals, background and credit checks, along with IRS transcripts to identify eligible borrowers and properties.
Next Step: Access the Investor Library
Review detailed fund documents, FAQ's, term sheet and more — the same materials that more than two hundred accredited investors reviewed before investing in the Kirkland Income Fund.
What Our Investors Say
Learn more about bridge loans.
Learn what a real estate bridge loan is, and how micro-balance mortgage loans deliver high yield with principal preservation.
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Photo Credits
Beach by Derek Thomson on Unsplash