Miami Lakes-based Kislak Organization has launched its fifth tax-lien certificate fund called Sunshine State Certificates V.
Earlier this year, Kislak purchased tax-lien certificates at auctions in Florida and New Jersey, among other states, according to the Miami Herald.
In its previous funds, Kislak purchased nearly $160 million in certificates.
Kislak said that it expects its highest return yet, “more than 5 percent.’’
“On a relative risk basis, it’s an excellent return,’’ said Thomas Bartelmo, president and CEO of Kislak. [Miami Herald] – Christopher Cameron