Validation Companion · Confidential
Track Record Validation Document.
A claim-by-claim audit trail for the Capital Consortium investor brief, with supporting evidence and source attribution.
The Capital Consortium · 2026
Generated —
PreamblePurpose of this document
This validation companion accompanies the investor brief delivered to the family office. For every quantitative claim, named property, lender relationship, and counterparty identifier in the brief, this document maps the claim to its underlying evidence — recorded deeds, HUD-1 / ALTA settlement statements, lender term sheets, payoff letters, appraisals, recorded mortgages, and contemporaneous email correspondence.
It is intended for the family office's due-diligence team and is not for distribution beyond named recipients. Source documents are referenced by Gmail message identifier (where applicable) and by file name in the accompanying documents package; documents themselves are delivered separately under a confidential cover.
Status legend:
confirmed · document on file
partial · partial / inferred evidence
gap · evidence pending sponsor fill-in
§ 01Methodology & sources
The track record on the investor brief is the product of a multi-source reconciliation: (a) ~6,400 unique email messages mined from the sponsor's two business inboxes covering 2014–2026; (b) AppFolio property-management data via the sponsor's Portfolio Digest live ecosystem feed; (c) public deed and tax records via Compass, NJParcels, Cuyahoga County Fiscal Officer, Hinds County Chancery Clerk, NYC ACRIS; and (d) sponsor-supplied confirmations where the document trail is incomplete.
Data lineage
- Email evidence. Twelve sweeps across both inboxes; HUD-1, ALTA settlement statements, term sheets, payoff letters, draw requests, and appraisals harvested as PDF attachments where present. ~6,400 unique messages indexed; full chain-of-custody preserved by Gmail message identifier
- AppFolio (live). Two tenants: ctownvilla for the C-Town Cleveland portfolio, nexusplus for the Nexus stabilized portfolio. Rent roll, AR aging, GL accounts. Pulled via Portfolio Digest sweep, 9 AM ET + 5 PM ET
- Public records. County recorders + Compass MLS pulls for the 2017–2019 NJ flip era and for properties without active management software. Sources cited per claim
- Sponsor confirmations. Used only where document evidence is incomplete; clearly marked as partial in the relevant claim block.
§ 02Buildings under management — eight properties
The investor brief cites 646+ units across 20+ buildings, ~$41M aggregate value, ~$5.1M annual rent collected (12% vacancy applied). Eight named properties carry the bulk of the unit count and dollar value; the remainder are smaller 5-12 unit buildings not individually itemized on the brief. Each named property is validated below.
02.01Iron Haven Villas
1505 N. WEST ST + 335 MCTYERE AVE · JACKSON, MS · 76 UNITS · ACQUIRED NOV 2025
Deck claim
"$1.1M acquisition + ~$1.6M renovation — Dominion bridge facility."
Evidence
Documents on file
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02.02McDowell Enclave
225 W MCDOWELL RD · JACKSON, MS · 81 UNITS · ACQUIRED JAN 2025
Deck claim
"Under management — companion to Iron Haven."
Evidence
Documents on file
02.03C-Town Villas Cleveland Portfolio
8 PROPERTIES · CLEVELAND / E. CLEVELAND, OH · 238 UNITS · AUG 2025 REFI
Deck claim
"$10.32M Renovo senior + $1.26M construction holdback (Aug 2025 refi). Six named buildings, eight underlying parcels."
Evidence
Documents on file
02.04Luxe Apartments
111 S SUMMIT ST · TOLEDO, OH · 71 UNITS · ACQUIRED NOV 2022
Deck claim
"$1.275M acquisition → Connected Capital bridge ($1.66M + $498K holdback) → Greystone Freddie Mac SBL agency takeout. Bridge-to-agency play, end to end."
Evidence
Documents on file
02.05Dayton, OH Redevelopment Project
1804–1928 N JAMES H MCGEE BLVD · DAYTON, OH · 60 UNITS · ACQUIRED SEPT 2024
Deck claim
"Long-term construction redevelopment loan with Renovo Financial, closed late 2024. 60-unit repositioning under active community redevelopment."
Evidence
Documents on file
02.0616818 Grovewood Avenue
CLEVELAND, OH · 12 UNITS · ACQUIRED NOV 2025
Deck claim
"Under management — small-balance multifamily, lender mix Dominion / Renovo / Upright."
Evidence
Documents on file
02.073265 E 143rd Street
CLEVELAND, OH · 24 UNITS · ACQUIRED APRIL 2021
Deck claim
"Greystone Freddie Mac SBL — small-balance agency-financed asset."
Evidence
Documents on file
02.08Superior Hill Apartments
13945–13975 SUPERIOR RD · CLEVELAND, OH · 84 UNITS · ACQUIRED JAN 2021
Deck claim
"$2.2M acquisition → $4.8M current value · Greystone Agency. 2.2× appreciation over five years on a single asset."
Evidence
Documents on file
§ 03Flip track record — 2017–2019
The investor brief cites 60+ distinct closings, peak active pipeline of 66 properties under LIMA construction in January 2018, 17+ documented LIMA loan identifiers. The operating period is 2017-04 (first documented closing, 132 Christie Avenue, 15 June 2017) through 2019-05 (final wind-down). Selected marquee closings are validated below.
§ 04Connected Capital marquee loans
The investor brief cites 55+ originated loans across two operating arms — Connected Capital LLC as correspondent originator (placing for Roc Capital, Visio Lending, LIMA One Capital, RCN, Upright) and Connected Capital Funding LLC as balance-sheet lender (Superior Loan Servicing). Six marquee loans validated below.
§ 05Counterparty & capital-partner roster
Active institutional relationships referenced on the investor brief:
- Dominion Financial Services — bridge / construction. Active 2024–present. Iron Haven Villas, McDowell Enclave, 3524-3526 W 105th.
- Renovo Financial (vehicle: RFLF 4 LLC) — bridge / refi. C-Town Cleveland Portfolio refi (Aug 2025), Dayton Redevelopment Loan #14097, 16818 Grovewood, 1804-1928 McGee.
- Greystone Servicing — Freddie Mac SBL + agency permanent. Luxe Apartments #0600337, Superior Hill #0200060, Thurston Akron #0200255.
- LIMA One Capital — fix-and-flip primary 2017–2019.
- Roc Capital — correspondent fix-and-flip partner 2022–present.
- Visio Lending — DSCR rental partner 2023–present.
- CoreVest American Finance — rental refinance takeout, 2017–onward.
- Marcus & Millichap Capital Corp — institutional brokerage advisory.
Closing & Counsel
- Avant Law Firm (Newark, NJ) — 2017–2019 NJ flip closings.
- Clear Skies Title Agency (Cranford, NJ) — 2017–2019 NJ title.
- TitleCo Title Agency — C-Town Cleveland Portfolio refi.
- McGehee Law Firm (Jackson, MS) — Iron Haven Villas / McDowell Enclave.
- Carson Law — Cleveland multi-family acquisitions.
- HS Law Group — NJ closings, current era.
§ 06Disclosure principles applied
- No internal identifiers on the investor brief. Loan numbers, recorded permit IDs, AppFolio internal IDs, and counterparty staff names are excluded from deck-facing materials. They are catalogued here for due-diligence access.
- No personal names on the investor brief. Borrower entity names only. Sponsor team includes named individuals where authorized by the principal (Elido Santana; Marco Welch via Marcus & Millichap).
- Property-curation rule. Properties included on the brief satisfy one of four eligibility buckets: post-Pride → Agency permanent; third-party-operator managed (no Pride exposure); pre-Pride flips; never-Pride. Properties with active Pride entanglement are out of scope.
- No fabricated aggregates. Dollar totals are derived from confirmed per-deal evidence where available; em-dash placeholders are used where source documentation is incomplete and a defensible aggregate cannot be computed.
§ 07Open items — pending sponsor fill-in
Items where the document trail is incomplete and the sponsor will provide direct confirmation (QuickBooks export, loan tape, county portal pull, or attorney request) on a due-diligence call:
Confidentiality & Disclaimer. This validation document is delivered solely to the named recipient family office and its retained due-diligence advisers, for the sole purpose of evaluating the accompanying investor brief. It does not constitute an offer to sell or a solicitation to buy any security. Any final investment will be governed exclusively by the executed note purchase agreement and security instruments. References to source documents include Gmail message identifiers and PDF file references; the documents themselves are delivered under separate confidential cover and remain the property of the Capital Consortium. Recipient agrees to maintain this document and all referenced materials in strict confidence and to return or destroy all copies upon request.