Looking for an income-focused private credit strategy?

Explore the Origin Real Estate Credit Fund

Private Credit Investments backed by multifamily assets

The fund focuses exclusively on lending to apartment communities in growing markets-assets that tend to remain resilient across market cycles. By combining publicly traded bonds with privately originated loans, the portfolio provides diversified exposure to multifamily credit while aiming to deliver consistent cash flow and stability.

Get Your Investor Kit

Fund Assets

$367M (As of 1/15/2026)

Fund Structure

Interval

Eligibility

No Net Worth Restrictions

Minimum

$5K (Class I)

Distributions

Monthly

Tax Reporting

1099

Ticker

ORRIX

Repurchase Offers

Quarterly

Key Features

Current Income

Targets income-producing multifamily credit for steady cash flow across market cycles.

Portfolio Diversification

Combines public and private credit to reduce correlation with stocks and traditional bonds.

Multifamily-Centric

Invests in multifamily-centric securitized credit and originates loans secured by multifamily properties.

REIT Structure

REIT pass-through allows investors to take a 20% federal tax deduction on qualifying distributions.

STRATEGY

Current Portfolio

The portfolio is a mix of securitized credit and direct lending. By blending institutional bonds with carefully selected real estate loans, the Fund aims to generate consistent income with diversified credit exposure.

Securitized Credit

Pools of fixed and floating rate first-lien multifamily-centric loans originated by Freddie Mac and other lenders.

Direct Lending

Privately originated senior and mezzanine-level financing provided to multifamily real estate projects.

Cash

Cash reserves.

As of 1/15/2026. Allocation shown as percentage of net assets and holdings are subject to change. Current and future portfolio holdings are subject to risk.

STRATEGY

Why private real estate credit now?

A combination of supply constraints and capital shifts is influencing the multifamily credit landscape. We believe these market conditions create a compelling environment for this strategy.

Scale of the Market

According to Newmark research, $1.7T in multifamily debt will mature between 2025 and 2033. This points to a massive opportunity in the lending market.¹

Scarcity of Capital

Banks are likely to scale back commercial real estate lending in the coming years, limiting credit availability and creating opportunities for non-bank lenders, Newmark reports.²

Supply and Demand Imbalance

RealPage data shows that three times as many units were absorbed as were built in 2025, pointing to a massive shortfall in supply.³

Get Your Investor Kit

1) Source: Newmark, U.S. Capital Markets Report, Q2 2024. 2) Source: Federal Reserve Senior Loan Officer Opinion Survey, April 2024; CBRE U.S. Capital Markets Snapshot, Q1 2024. 3) Source: RealPage Market Intelligence, U.S. Multifamily Supply & Demand Trends, June 2024.

STRATEGY

Why multifamily real estate—and why now?

Housing is a basic human need, making this asset class resistant to disruption. Historically, multifamily real estate has delivered strong returns with less volatility than other property types.⁴ But what makes now a compelling time to invest?

A persistent housing shortage and resilient demand support rent growth potential.

Multifamily assets can potentially generate stable, recurring income through contractual rent payments.

Short-term leases allow for frequent rent adjustments, helping to keep pace with inflation.

4) Source: National Council of Real Estate Investment Fiduciaries (NCREIF) Property Index. This data represents the average annualized return from 1/1/1990 to 12/31/2024. Returns are unlevered. The NCREIF Property Index (NPI) is a quarterly, unleveraged composite total return for private commercial real estate properties held for investment purposes only. All properties in the NPI have been acquired, at least in part, on behalf of tax-exempt institutional investors and held in a fiduciary environment. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.

Performance

As of 4/22/2026

$10.01

NAV Per Share as of 4/22/2026 (Class ORROX)

Since Inception as of 4/22/2026 (Class ORROX)

Share Class

1-Y

3-Y

ORROX

N/A

ORRIX

N/A

Daily NAV as of 4/22/2026

$10.01

$10.00

Share Class	1-Y	3-Y	SI
ORROX	12.0%	N/A	11.20%
ORRIX	12.0%	N/A	11.20%

Class I Gross Expense Ratio: 4.67%

Class I Net Expense Ratio*: 4.67.%

Class O Gross Expense Ratio: 4.57%

Class O Net Expense Ratio: 4.57%

The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 833-446-9060.

Simultaneous with the Fund’s commencement of operations, the Predecessor Funds reorganized with and into the Fund. The Predecessor Funds maintained investment objectives, strategies and investment policies, guidelines and restrictions that are, in all material respects, equivalent to those of the Fund and at the time of the conversion of the Predecessor Funds were managed by the same Adviser and portfolio manager as the Fund. In connection with the Reorganization, the Fund adopted the performance history of Origin Strategic Credit Fund, LLC (previously defined as “SCF”). Performance information reflects all fees and expenses incurred by SCF. Performance information has not been adjusted to reflect Fund fees and expenses. It is anticipated that the Fund’s fees and expenses will be higher than those of SCF on account of the fact that the SCF was not subject to the investment limitations, diversification requirements and other restrictions imposed by the Investment Company Act (as it was exempt from registration under the Investment Company Act pursuant to Section 3(c)(7) thereof) or the Code. Accordingly, if SCF’s performance had reflected the Fund’s estimated fees and expenses, the performance shown below would have been lower. The financial statements of SCF were audited for all years that the Predecessor Fund was in existence. The performance returns of SCF are unaudited and are calculated by the Adviser on a total return basis. SCF was not registered under the Investment Company Act, and was not subject to certain investment limitations, diversification requirements, and other restrictions imposed by the Investment Company Act and the Code, which, if applicable, may have adversely affected its performance.

*The Adviser has agreed for a period of one year from the date of the Prospectus to waive fees and/or to assume expenses of the Fund, if required to ensure the Total Annual Fund Operating Expenses (excluding any taxes, expenses incurred in connection with borrowings made by the Fund, brokerage commissions, loan servicing fees, Incentive Fees, dividend and interest expenses on short sales, acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization after commencement of Fund operations, and extraordinary expenses, such as litigation expenses) do not exceed 3.50% of the average daily net assets of each Class of Shares.

Considering Investing in Private Credit?

Download the investor kit to receive due diligence materials to help you get started.

Get Your Investor Kit

WHAT’S INCLUDED

Fund Overview

Fund Fact Sheet

Prospectus

SAI

Distribution Calendar

Important Risk Information

Consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund and may be obtained by calling 833-446-9060. The prospectus should be read carefully before investing. The fund is distributed by Ultimus Fund Distributors, LLC. Origin Credit Advisers, LLC and Ultimus Fund Distributors, LLC are not affiliated.

Investing involves risk, including loss of principal. The value of the fund’s shares, when redeemed, may be worth more or less than their original cost. The Origin Real Estate Credit Fund is a continuously-offered, non-diversified, registered closed-end fund with limited liquidity. Shareholders should consider Shares of the Fund to be an illiquid investment appropriate only as a long-term investment. Although the Fund will implement a Share repurchase program, only a limited number of Shares will be eligible for repurchase by the Fund. Shares will not be redeemable at a Shareholder’s option nor will they be exchangeable for shares of any other fund. As a result, an investor may not be able to sell or otherwise liquidate his or her Shares. The Fund is non-diversified and concentrates its investments in the real estate industry. The Fund’s concentration in the commercial real estate industry may increase the volatility of the Fund’s returns and may also expose the Fund to the risk of economic downturns in this industry to a greater extent than if its portfolio also included investments in other industries. The Fund will invest in mortgage-backed securities, such as mortgage pass-through securities, which have different risk characteristics than traditional debt securities. Certain mortgage-backed securities may be more volatile and less liquid than other traditional types of debt securities. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. Fixed income investments are affected by a number of risks, including fluctuation in interest rates, credit risk, and prepayment risk. In general, as prevailing interest rates rise, fixed income prices will fall. The Fund may invest, directly or indirectly, in “junk bonds.” Such securities are speculative investments that carry greater risks than higher quality debt securities. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund’s portfolio to have disproportionately large effects or cause the NAV of the Fund generally to decline faster than it would otherwise. There are risks associated with REITs. Risks include declines from deteriorating economic conditions, changes in the value of the underlying property, and defaults by borrowers.

Definitions

Securitized Credit
Debt that has been bundled into bonds and sold to investors—typically backed by loans such as mortgages or commercial real estate debt.

Freddie Mac
A U.S. government–sponsored enterprise that buys mortgages, bundles them into securities, and guarantees payments to investors—especially active in multifamily lending.

Freddie Mac K Bonds
Securities backed by pools of Freddie Mac multifamily loans, sold in tranches with different levels of risk and return.

K-Deal B-Pieces
The risk-retention bonds in Freddie Mac’s multifamily securitizations; B-piece buyers take the first losses in exchange for higher potential returns.

Interest Only Strips (IO Strips)
Securities that entitle the investor only to the interest payments from a pool of loans, not principal repayments.

Credit-Risk Transfer Certificates (CRT)
Bonds issued by agencies like Fannie Mae or Freddie Mac that transfer a portion of mortgage credit risk to private investors.

Senior Loans
Loans that have first claim on a borrower’s assets and cash flow; they get repaid before other, more junior debt.

Mezzanine Loans
Subordinate loans that sit between senior debt and equity; they pay higher interest because they take more risk.

Fixed Rate Loans
Loans with an interest rate that stays the same for the entire term.

Floating Rate Loans
Loans whose interest rate adjusts over time based on a benchmark like SOFR.

SOFR Interest Rate Caps
A contract that limits how high the SOFR benchmark rate can rise on a floating-rate loan, protecting the borrower from extreme increases.

Hedged Floating Rate Loans
Floating-rate loans where the borrower uses tools like interest rate caps or swaps to limit rate volatility.

Standard Deviation
A measure of how much values (or investment returns) vary from their average; higher standard deviation means greater volatility.

Unrelated Business Taxable Income (UBTI)
Taxable income earned by a tax-exempt entity from activities not related to its core exempt purpose.

Loan-to-Value (LTV)
The ratio of a loan amount to a property’s value, expressed as a percentage; higher LTV means higher lender risk.

Debt-Service Coverage Ratio (DSCR)
A measure of a property’s ability to cover debt payments, calculated as NOI divided by debt service; values above 1.0 indicate stronger coverage.

Looking for an income-focused private credit strategy?

Explore the Origin Real Estate Credit Fund

Private Credit Investments backed by multifamily assets

Key Features

Current Income

Portfolio Diversification

Multifamily-Centric

REIT Structure

Current Portfolio

Why private real estate credit now?

Scale of the Market

Scarcity of Capital

Supply and Demand Imbalance

Why multifamily real estate—and why now?

Performance

Resources

Considering Investing in Private Credit?

WHAT’S INCLUDED

Important Risk Information

Definitions

How to Invest

Individual Investors

Financial Advisors