Oregon residents only · Return not guaranteed · Read the Offering Circular

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Investment model

Units of $1.00 in an Oregon-only fund of small auto loans, paying a 10.125% preferred return a year, monthly. Here is how every part of it works.

The terms, taken apart.

Five numbers decide most of it.

Minimum investment

$50,000

50,000 units at $1.00 each. Add any amount after that.

= 1,000 units

Preferred return

10.125%

A year, paid monthly. Not guaranteed.

  • 9.5% from the loans
  • 0.625% General Partner top-up

Who may invest

Oregon

Residents only. Up to $100M offered, registered with the Oregon Department of Consumer and Business Services.

  • Intrastate exemption, SEC Rule 147A
  • No brokers, no selling commissions

Lock-up

12 months

No withdrawals in the first year. After that, withdrawals follow Section 9 of the Partnership Agreement.

Distributions

The 15th

Every month, by direct deposit or reinvested.

Follow a dollar.

Where a dollar goes once it is in the Fund, and how it comes back to you.

  1. You buy units

    $1.00 per unit, 50,000 units to start.

  2. The Fund buys loans

    Auto loan receivables from local dealers, assigned to the Fund.

  3. Borrowers pay monthly

    Payments are collected and serviced in-house.

  4. The General Partner takes 20%

    10% of collected income for servicing, 10% for managing the Fund.

  5. You receive the preferred return

    10.125% a year, paid on the 15th or reinvested.

Anything earned above the Preferred Return is split evenly between the General Partner and the Limited Partners each year. If the loans earn less, the return can be lower.

Payout or growth?

Take your distribution every month, or let the Fund reinvest it for you. Move the numbers to compare.

Take it monthly

$50,625

paid out over the period

Reinvest it

$165,551

account value at the end

An illustration at the 10.125% Preferred Return, compounded monthly when reinvested. Not a promise: returns depend on loan performance and may be lower. Withdrawals follow the Limited Partnership Agreement.

Your first year, month by month.

  1. Day one

    Sign and fund

    Funds wait in a non-interest-bearing subscription account.

  2. When accepted

    You are in the Fund

    The General Partner counter-signs, from instantly to several weeks.

  3. Every 15th

    Distribution

    By direct deposit, or reinvested automatically.

  4. March 15

    Your K-1

    Prepared by an outside accounting firm.

  5. Month 12

    Lock-up ends

    Withdrawals then follow Section 9 of the Partnership Agreement.

Who can invest?

Oregon residents only. Tick what applies to you; we verify residency properly later.

The General Partner verifies every investor’s Oregon residency. See the Offering Circular for the full investor suitability standards.

Tick all three to see if the Oregon fund could fit.

Who does what.

You, the Limited Partner

Limited Partner responsibilities

The Limited Partner should seek competent legal, accounting and tax advice to insure that an investment of this type is right for them. The Limited Partner should also review the Steel Returns Oregon L.P. Offering Circular. These documents detail the financial arrangements and risks.

All Investors must be Oregon residents.

Steel Lending Group, the General Partner

General Partner responsibilities

The General Partner, or their Designee, researches, evaluates, underwrites, assesses risk and selects what auto loan cash flows The Fund invests in. To maximize benefits to the Limited Partners, the General Partner exercises due diligence in order to provide The Fund aggressive returns without undue risk.

  • Receipt and accounting of all payments
  • Following standard protocol for delinquent payments
  • Managing repossession and disposition
  • Providing payoff information to borrowers
  • Completing monthly accounting
  • Having federal and state income tax returns prepared timely by an outside accounting firm
  • Providing all Limited Partners the appropriate tax documents on an annual basis

All the terms

Full terms, fees and risks are in the Offering Circular for Steel Returns Oregon LP. Oregon residents only · Return not guaranteed · Read the Offering Circular.

Show all 10 terms
Minimum investment
$50,000 (50,000 units at $1.00); add any amount after that
Preferred return
10.125% a year, distributed monthly
Distributions
Direct deposit on the 15th, or reinvested automatically
Who may invest
Bona fide residents of Oregon, buying for their own account
Maximum offering
$100,000,000
Lock-up
No withdrawals in the first 12 months
Subscription acceptance
Upon General Partner review
Selling commissions
None; units are sold without brokers
Registration
Oregon Department of Consumer and Business Services; federal intrastate exemption (SEC Rule 147A)
Tax reporting
K-1 by March 15, prepared by an outside accounting firm

Ready to see if the Fund fits?

The capital team will walk you through the subscription and the accreditation check.

Book a call