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Table of Contents

Offering Summary

The Investment

An affiliate of Feldman Equities, LLC (“Feldman”, or the “Sponsor”) is pleased to offer investors the opportunity to invest up to $2.50 million in Class A membership interests of Pinnacle Convertible Loan, LLC, a Delaware limited liability company (the “Offering”). The Offering was created to issue a loan in the amount of approximately $6,875,000 to Pinnacle Corporate Holdings, LLC (the “Company”), which is the beneficial owner of the Property’s deedholder. The Company closed on the acquisition of Pinnacle Corporate Park, a two-building, Class A office property located in Fort Lauderdale, FL (the “Property”) on June 2, 2021 and has operated it since acquisition.

Pinnacle Sponsor, LLC, a Delaware limited liability company and affiliate of the Sponsor (the “Manager”), will serve as the manager of the Company.

The sponsor is not charging any fees or promoted equity on this convertible loan raise.

The minimum investment amount is $25,000.

The Business Plan

This property has been successfully repositioned as the best-in-class office building in the fast-growing Cypress Creek submarket of Ft. Lauderdale, Florida. Sponsorship has completed a $7 million renovation since acquisition in 2021 and increased occupancy from 83% to 93%.

The property is facing a loan maturity come June of 2024 and is in need of additional capital to extend the loan through the purchase of an interest rate cap and to continue leasing the property to grow net operating income. The new convertible loan is being provided to take advantage of the contractual loan extension right built into the existing loan agreement that allows investors to take advantage of an advantageous interest rate spread issued in 2021. The convertible loan provides the “best of both worlds” because investors will have the downside protection of a second loan position and the upside potential of being able to convert to equity upon a sale of the property.

Sponsorship intends to grow net operating income, sell a portion of excess land to a multifamily developer, and drive occupancy at the building with newly raised funds, enabling an advantageous exit in June of 2026 prior to the expiration of the second loan extension period.

The Property

The Property is a two-building office property approx. 262,000 square feet, located in the Cypress Creek submarket, approximately 12 minutes from downtown Fort Lauderdale. The larger building (approx. 150,000 square feet), which features an all-glass facade, was built in 1986 and the smaller building (approx. 112,000 square feet) was built in 2001. The Property boasts strong transportation connectivity with an immediately abutting TriRail commuter station and has near immediate access to the I-95 on-ramp. The tenancy is highly diversified, with no tenant occupying more than 12% of the rentable square footage. The weighted average lease term of the existing tenants is approx. 4 years. The tenancy includes a strong presence from technology, financial services, and business services firms. Notably, 100% of rents were collected in 2020 during the height of COVID.

The Location

Often referred to as “Uptown Fort Lauderdale”, the Cypress Creek submarket showed strength through 2023. Rental rates continued to rise. The office vacancy for the Cypress Creek submarket is 11.0% per Costar, which is up from 10.2% in Q2 2023. The overall availability rate (which includes both vacant space and sublet space) is 14.4%, up from 13.4% in the last quarter. Average asking rents are $31.36 per square foot, up from $30.61 in the last quarter.

Located between Miami-Dade and Palm Beach counties, Broward County/Greater Fort Lauderdale is truly the center of the South Florida metropolitan area. Bordered by 35 miles of beaches, the Atlantic Ocean to the east, and the Everglades National Park to the west, the county’s population of approximately two million people is growing every day. Between 2021 and 2022, Broward County’s population grew by nearly 180,000 people.

Disclaimers and Footnotes

(1)Pinnacle Sponsor, LLC (the “Sponsor”) will be contributing in excess of $1,000,000 million of the $6,870,935 total targeted raise for Pinnacle Convertible Loan LLC. Pinnacle Sponsor, LLC will be owned by Larry Feldman, Feldman employees, Feldman relatives and high net worth investors of Feldman Equities. This results in an approximately 15% co-investment.

The content on this detail page was produced by the Sponsor or an affiliate thereof. The Sponsor is under no obligation to update this detail page. Assumptions and projections included in this detail page are reflective only of the Pinnacle Convertible Loan, LLC or its affiliates.

The preceding summary of principal terms of the offering is qualified in its entirety by reference to the more complete information about the offering contained in the offering documents, including, without limitation, the Private Placement Memorandum, Operating Agreement, Subscription Agreement and all exhibits and other documents attached thereto or referenced therein (collectively, the “Investment Documents”). This summary is not complete, and each prospective investor should carefully read all of the Investment Documents and any supplements thereto, copies of which are available by clicking the links above or upon request, before deciding whether to make an investment. In the event of an inconsistency between the preceding summary and the Investment Documents, investors should rely on the content of the Investment Documents.

There can be no assurance that the methodology used for calculating targeted returns is appropriate or adequate. Target returns are presented solely for the purpose of providing insight into the Pinnacle Convertible Loan LLC’s investment objectives, detailing its anticipated risk and reward characteristics and for establishing a benchmark for future evaluation of the Pinnacle Convertible Loan LLC’s performance. Targeted returns are not a predictor, projection or guarantee of future performance. There can be no assurance that the Pinnacle Convertible Loan LLC’s targets will be met or that the Pinnacle Convertible Loan LLC will be successful in identifying and investing in investment opportunities that would allow the Pinnacle Convertible Loan LLC. to meet these return parameters. Target returns should not be used as a primary basis for an investor’s decision to invest in the Pinnacle Convertible Loan LLC.. Please see the applicable Investment Documents for disclosure relating to forward-looking statements.

All forward–looking statements attributable to the Sponsor or persons acting on its behalf apply only as of the date of the offering and are expressly qualified in their entirety by the cautionary statements included elsewhere in this summary and the Investment Documents. Any financial projections are preliminary and subject to change; the Sponsor undertakes no obligation to update or revise these forward–looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Inevitably, some assumptions will not materialize, and unanticipated events and circumstances may affect the ultimate financial results. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved may vary significantly from the forecasts, and the variations may be material.

The interests in the Pinnacle Convertible Loan LLC.will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) in reliance upon exemptions contained in 506(c) of Regulation D as promulgated under the Securities Act. In addition, the interests will not be registered under any state securities laws in reliance on exemptions from registration. Such interests are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption.
All investing activities risk the loss of capital. There can be no assurance that investors will not suffer significant losses. No guarantee or representation is made that the investment objectives of the Pinnacle Convertible Loan LLC will be achieved. You should not subscribe to purchase interests in Pinnacle Convertible Loan LLC. unless you can readily bear the consequences of such loss.

Pinnacle Corporate Park Fort Lauderdale - Convertible Loan

A two-building, Class-A office property in Ft. Lauderdale, FL. This asset has strong contractual rent growth over the hold period. New investors will benefit from an attractive convertible loan structure and the sale of excess land to access excellent returns.


This offering is now closed for new investments. Join the waitlist for our next opportunity.

Targeted Investor IRR44.29%
Targeted Equity Multiple2.5x
Targeted Average Cash Yield7%
Targeted Investment Period2.5 Years
Total Capital Raise$6,870,935
Capital Committed So Far$5,300,000
Investment ProfileConvertible loan
GP Co-invest$1,000,000+
GP Equity (1) – %14.5%+ of Total Equity
Offers Due DateNovember 20, 2023
Funds Due DateNovember 28, 2023
Minimum Investment$25,000
SD-IRA Investments?Yes