Short-term first-lien loans to real estate investors for single-family and small multifamily rehabilitation and new construction, blind-pool, 14 non-judicial-foreclosure states

Iron Bridge Mortgage Fund

Operated by Iron Bridge Management Group, LLC (Manager; owned by Gerard Stascausky)

Iron Bridge Mortgage Fund makes 12-month first-lien loans to house flippers and builders in 14 states, funds them with $1.00 LLC units paying 5%, 6% or 9% preferred returns plus a 10% profit share, and borrows up to $80 million from Columbia Bank ahead of every unit. Seventeen years in, the filed record shows nine straight profitable years, a 1.5% allowance for loan losses, zero charge-offs in 2025 and the first half of 2026, and no missed payment, investor suit or regulator action AltStreet could find. The price of that record: Class A takes 90% of profit after the preferreds and is 96.1% owned by the CEO (about 36% of 2025 net income on 11% of the equity), NAV is held at $1.00 by the accounting, redemptions are capped at 5% a quarter and the Manager may redeem or rebalance you on its own.

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Platform Identity

Headquarters
Portland, OR, United States
Founded
2009
Parent
Iron Bridge Management Group, LLC (Manager; owned by Gerard Stascausky)
Platform type
Direct-Issuer Residential Bridge Lender (Regulation A Tier 2 LLC units and Rule 506(b) in parallel; private REIT; sold by the issuer without commissions)
Regulatory
unregistered
Eligibility
accredited only

AltStreet Coverage

Review status
Published
Coverage type
Investment platform
Review date
Oct 11, 2026
Last updated
Oct 11, 2026
Composite score
6.5

Key Data Points

EDGAR-linked offerings
5
Filing-verified raised
$84.62M
Investors disclosed
68

Auditors of Record

Audit firms named in this platform's issuer filings, as recorded in AltStreet's auditor directory. Each firm page lists every issuer it audits across covered platforms.

Reference Reading

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