[Issuer] UrbanGate December 2023 Update & Thoughts on the Housing Market

Hello Centrifuge Community,

While things are still slow in the housing market we are seeing a lot more optimism as mortgage rates have fallen from 7-8% to 6-7%. This on top of low mortgage default rates has kept housing values strong. We are still being very conservative and keeping a close eye on our underwriting but we do seem to be in a good spot for housing pending a black swan event.

We are not yet an operating pool on Centrifuge, but we like to post our monthly updates that we send to our investors here in the Centrifuge Forum so that everyone can keep up with our loan progress in hopes that we can successfully launch a pool on Centrifuge in the future.

Here is a link to our UrbanGate Monthly Investor Video Update

And here is a Google link to our Fund’s One Pager which shows all relevant details for our fund as of 12/1/23.