Compound Real Estate Bonds (CREB) Review: Legit? 8.5% Risks

Checked October 15, 2026 — still no filing newer than September 28, and the filings disagree on three points we had not flagged. EDGAR lists nothing new for either company (CIK 0001919204 and CIK 0002078250): no Form 1-U, 1-K, 1-SA, 253G2 or 1-A POS after the Form 1-SA of September 28, 2026 and the Form 253G2 of September 21, 2026. First, the September 21 circular of Compound Real Estate Bonds II calls the first company's Regulation A offering “still ongoing”, while the first company's own Form 1-SA says it “ended on September 19, 2025” with “no plans to raise additional capital”; we follow the company's own, later filing. Second, bonds sold by the first company fell between filings: 4,134,718 bonds ($41,347,180) at March 31, 2026 in the annual report, 4,004,208 bonds ($40,042,080) at June 30, 2026 in the circular, and the filings do not say why. Third, the website's “$150M Bond Offerings to Date” (labeled “As of 04/29/2026”, read October 15) is not money raised: the filings count $40,042,080 sold by the first company and $27,121,100 by the second, and each circular sets a maximum of about $75 million. The circular also states that the base rate “will not be reduced below 8.5% APY”. Details.

Checked October 11, 2026 — no new filing from either company, and the website's headline numbers are older than the filings. EDGAR shows nothing newer than the Form 1-SA of Compound Real Estate Bonds, Inc. filed September 28, 2026 (CIK 0001919204) and the Form 253G2 of Compound Real Estate Bonds II, Inc. filed September 21, 2026 (CIK 0002078250). The issuer's homepage, read October 11, still shows “10,000+” investors and “$0” principal lost, both labeled “As of 04/29/2026”, and describes its loans as “backed by real estate at 60-75% LTV”. The first company's own filing counts 5,811 investors holding its bonds and an average LTV of 55% (range 40% to 70%) at June 30, 2026. New below: how to buy CREB bonds and the terms that apply.

Updated October 8, 2026 — the largest loan has shrunk, redemptions are still being paid, and the going-concern warning stands. Compound Real Estate Bonds, Inc. has filed nothing new since its Form 1-SA of September 28, 2026 (EDGAR, CIK 0001919204, checked October 8). But the amended offering circular of its sister company, Compound Real Estate Bonds II, filed September 21, 2026 (accession 0001829126-26-010260), describes the first company's loan book at June 30, 2026: $9,726,287 of loans, the single Ontario industrial loan down to $5,466,612 (about 56%) from $7,466,612 (64.2%) in the annual report, an average LTV of 55% (range 40%–70%), no defaults, and 5,811 investors still holding $14,396,506 of bonds. It also says the company has honored every redemption request, 2,584,433 bonds from 3,433 investors. What it does not change: cash of $1,673,563 against those $14,396,506 (11.6%) and liabilities above assets by $3,267,516. Compound Real Estate Bonds II, the entity now selling the 8.5% bond (unsecured, $1,000 minimum), reports $16,767,293 of liquid assets against $21,870,885 of bonds outstanding at July 31, 2026. Details below.

The one-sentence version

A product marketed as a savings-account alternative you can leave at any time is issued by two companies that have each told the SEC there is substantial doubt they can continue operating, and whose combined cash is a fraction of what they owe their bondholders.

What the June 2026 semiannual report adds

Compound Real Estate Bonds, Inc. filed its Form 1-SA for the six months ended June 30, 2026 on September 28, 2026 (accession 0001829126-26-010470). It is unaudited. Four things in it matter to someone holding these bonds.

1. Bondholders are leaving, and the liquid assets went out with them. Bond principal outstanding fell from $19,007,784 at December 31, 2025 to $14,325,182 at June 30, 2026, a 24.6% drop in six months; the cash flow statement shows net receipts from issuing bonds of −$4,682,603. To pay for that, the $4,980,679 of Treasury bills on the December balance sheet went to zero and $2,670,000 of mortgage investments came back in (the book fell from $12,396,287 to $9,726,287).

2. The cushion for the next redemption is much thinner. With the Treasuries spent, cash at June 30 was $1,673,563 against $14,396,506 owed to bondholders (principal plus $71,324 of accrued interest): 11.6% cover, down from 35.3% in December and 46.3% in March. Counting the $1,702,568 of accounts receivable as well, it is 23.5%. The company's own management discussion puts it this way, as of August 31, 2026: $15,839,877 of bonds outstanding and "only $1,714,889 in cash and cash equivalents with which to satisfy potential redemptions." It adds that if redemption demand exceeds reserves, it "may need to seek additional financing or liquidate assets."

3. It still pays out more in interest than it earns in total. Income for the half was $740,269 (mortgage interest $682,269, Treasury interest $56,925, fees $1,074). Interest on the bonds was $746,448. Advertising fell to zero because the offering closed on September 19, 2025, and professional costs fell 60%, and the half still lost $219,622. Total liabilities of $16,396,437 exceeded total assets of $13,128,921, a shareholder's deficit of $3,267,516, wider than the $3,047,894 in December.

4. The related-party balance collapsed, and the note says why. The amount owed to affiliates fell from $6,897,095 at March 31, 2026 (per the annual report) to $1,970,893 at June 30. The note breaks the June figure into $1,547,663 owed to an affiliate the note calls "CASL" "for CREB I bond redemptions paid on the Company's behalf", $415,250 owed to CGB "for investor funds transferred from CREB I to a CGB portfolio" and $7,980 of other items. In plain terms: an affiliate has been paying some of this entity's redemptions, and some bondholders' money has been moved into another group product. The filing does not say what CGB is, and does not say whether the parent will keep paying.

Four things in the filings that do not add up. We note them because a bondholder should know the document is not clean, not because they change the picture:

• The August figure is higher than the June one. Bonds outstanding were $14,396,506 at June 30 (principal plus accrued interest) and $15,839,877 at August 31 — $1,443,371 more, with the offering closed. Two months of 8.5% interest on $14.4 million is roughly $0.2 million. The filing does not explain the rest.
• The liquidity section labels the June 30, 2026 cash and bond figures as "As of June 30, 2025"; they match the 2026 balance sheet, not the 2025 one.
• The accumulated deficit is $3,363,766 on the balance sheet and $3,359,539 in the statement of changes in equity for the same date, a $4,227 gap; total equity agrees at −$3,267,516.
• The count of bonds sold went down. The annual report says 4,134,718 bonds were sold by March 31, 2026 ($41,347,180) and 2,494,567 redeemed. The September 21 circular says 4,004,208 sold ($40,042,080) and 2,584,433 redeemed at June 30, 2026. Redemptions rose by 89,866 bonds, but the sold count fell by 130,510 bonds ($1,305,100, our arithmetic), and neither filing explains it. The Form 1-SA does mention $415,250 of investor funds transferred from this company to another group portfolio.

The semiannual report itself does not update the loan-by-loan detail, but a later filing does. The amended offering circular of Compound Real Estate Bonds II, filed September 21, 2026 (accession 0001829126-26-010260), describes the first company at June 30, 2026: $9,726,287 of real-estate-backed loans, an average LTV of 55% with a range of 40% to 70%, and “approximately 56%” of the portfolio in one loan, now $5,466,612, on an industrial property in Ontario, down from $7,466,612 in the annual report (a $2,000,000 reduction, by our arithmetic from the two filings). It adds that there have been no defaults on loans owned by the company and that it has not taken possession of or sold any real estate. The mortgage book as a whole fell by $2,670,000 over the half (from $12,396,287 to $9,726,287), so the Ontario paydown accounts for most of it. This is a sister company's description of the first company, not the first company's own filing; we treat it as the newer data point, and the first company's next Form 1-K will confirm it.

What Compound sells

Compound Real Estate Bonds — you may have met it as Compound Banc, the name on its App Store and Google Play listings — offers a "digital bond." You put in money from a $500 minimum (per the marketing site; the offering circular of the entity now selling bonds sets a $1,000 minimum initial investment), it accrues 8.50% APY with interest paid daily, and the marketing site states "Withdraw Anytime" and "No Lock-Ins" with "Daily Liquidity". The offering circular's contractual terms are repayment within 5 business days of a demand, or within 30 business days if more than $50,000 of repayments has been requested over the last 30 days.

To the company's credit, the site is explicit that this is not a bank product: "CREB investments are not FDIC insured bank deposits" and "Investing involves risk, including possible loss of principal." That disclosure is real and it is more than some competitors manage.

The bonds are described as backed by senior secured real estate loans and U.S. Treasuries. The original Form 1-K explains the pitch plainly: its parent, Compound Real Estate Holdings, "targeted millennials with a basic distrust of traditional financial institutions who had difficulty saving money" and offers "an alternative to the low interest saving accounts at traditional institutions."

That is a savings-substitute framing, aimed at savers, sold on liquidity. Hold that thought against the next section.

How to buy CREB bonds and the terms that apply

There is no broker or exchange: the bonds are sold only by the issuer, through its website and app. The website (read October 11, 2026) gives three steps: create an account and verify your identity, link a bank account and fund it with at least $500, and wait for the deposit to settle and be invested, after which interest begins. The terms below are from the amended offering circular of Compound Real Estate Bonds II, Inc. filed September 21, 2026 (accession 0001829126-26-010260), the entity now selling the bonds.

• What you hold: an unsecured promissory note of the company, in $10 increments, in an offering of up to $75,000,000. Minimum initial investment $1,000 in the circular; $500 on the website. We report both.
• Yield: 8.5% per annum with interest compounding daily. Left untouched for a full year, that grows $10,000 to about $10,887, an effective yield of about 8.87% (our arithmetic); the website labels the figure “8.50% APY”. For the first company the circular says the parent “will receive all profits” after bondholders are paid, so 8.5% is the ceiling of what a bondholder earns, not a floor guaranteed by anyone.
• Getting money out: payment within 5 business days of a written request (including one made on the platform), or within 30 business days if you have requested more than $50,000 in the past 30 days. The company may prepay at any time.
• What can change: the terms can be modified or amended with the consent of a majority of the outstanding principal, binding on every holder. The bonds are not transferable without company approval and there is no public market. Investors waive a jury trial and class actions to the extent the law permits.
• Limits for non-accredited investors: generally no more than 10% of the greater of annual income or net worth.
• Fees to the parent: a license fee of 2% of the bonds sold, under a verbal agreement. The parent has not collected it and does not intend to before at least 2027; at July 31, 2026 it would have been $542,422. Our analysis of the company's annual report covers it.
• Taxes: interest is reported on a Form 1099-INT if you realize more than $10 in a year.
• IRA: the website says the bonds may be held through an eligible self-directed IRA and that Investor Relations explains the setup. That is the issuer's claim; the circular terms above do not mention it. Ask your custodian whether it accepts the bond before sending money.

Website versus filings. The homepage describes “Protected Loans backed by real estate at 60-75% LTV” and lists the security as “Senior Secured First-Liens”. The circular says the company's lending strategy includes “both 1st and 2nd lien mortgages, with loan-to-value (LTV) ratios of up to 75%”, and reports an average LTV of 50% (range 15% to 50%) for the second company's loans at July 31, 2026 and 55% (range 40% to 70%) for the first company's loans at June 30, 2026. Those averages are lower than the website range, which is a favorable difference, but the website text describes the loans, while the bond itself is unsecured. The homepage also lists “Diversified Portfolio”; at those dates one loan was about 56% of the first company's book, and two loans were 63% of the second company's. The homepage statement of “$0” principal lost is consistent with the circular's report of no defaults on loans owned by the first company; it measures the past, not the cash cover. The homepage also headlines “$150M Bond Offerings to Date” (labeled “As of 04/29/2026”, read October 15, 2026). The filings do not show that much sold: the first company reports $40,042,080 raised from 5,811 investors as of June 30, 2026, the second reports 2,712,110 bonds sold at $10 each ($27,121,100) as of July 31, 2026, and each circular sets a maximum offering of about $75 million, so $150M looks like the two offering sizes combined (our arithmetic), not money raised.

What the audited annual report says

Compound Real Estate Bonds, Inc. filed its Form 1-K for the year ended December 31, 2025 on April 30, 2026. Regulation A Tier 2 annual reports contain audited financial statements, which makes this the most reliable document about the company in existence.

It contains a going concern section. Here is the operative sentence, verbatim:

The Company has not yet generated sufficient revenues to fully cover all principal and interest obligations on its outstanding bonds from operating cash flow alone, and there can be no assurance that it will do so in future periods... These conditions raise substantial doubt about the Company's ability to continue as a going concern for a period of one year from the date these consolidated financial statements are issued.

And, on redemptions:

there is substantial uncertainty as to whether we will have sufficient capital to meet periodic bondholder redemptions.

And, on repayment:

The Company cannot provide assurance that its existing assets will generate sufficient cash flow to repay all bonds in full.

This is the first and loudest item in our real estate platform red-flags guide, and the same language is what we flagged at Groundfloor across two consecutive audits. A "going concern" qualification is a specific accounting term, not a figure of speech. It means the auditors concluded there is substantial doubt the business can meet its obligations over the next twelve months. It is disclosed in the annual report of a product sold on the promise that you can take your money out whenever you like.

Why it loses money, in one line

Look at the second row against the first. In 2025 the interest Compound owed its bondholders ($1,766,965) was larger than everything the company earned ($1,625,212) — before a single dollar of salary, advertising, legal fee or servicing cost.

The company says this itself, and the sentence is worth quoting because it forecloses the obvious optimistic reading:

While the Company's advertising... legal and professional fees... and other administrative fees are expected to decrease in 2026, the Company would still have net losses in 2025 even if these expenses had been reduced to zero.

That is not a cost-control problem. It is a spread problem. The company pays 8.5% on all the money it raises, and earns ~11.8% on only the ~62% it has managed to lend out, with the rest parked in Treasuries and bank accounts yielding far less. Run that arithmetic and the gross margin is thin before costs and negative after them.

Raising the bond rate from 7% to 8.5% in April 2024 — which the filing confirms — made the product more attractive to savers and the spread harder to earn.

The concentration nobody mentions

This is the finding that changed how we read the whole offering.

As of March 31, 2026, Compound held roughly $11,630,246 in real-estate-backed loans. The Form 1-K states:

Approximately 64.2% of the Company's outstanding loan portfolio was concentrated in a single loan of $7,466,612 secured by an industrial property with a LTV of 50% in the Canadian Province of Ontario, with no other single loan representing more than 15%.

Newer data (June 30, 2026): the September 21, 2026 amended offering circular of Compound Real Estate Bonds II puts that loan at $5,466,612, about 56% of a $9,726,287 book, still secured by an industrial property in Ontario, with an average LTV that has moved up to 55% and a range of 40% to 70% (the annual report said 50% and 10% to 55%). The concentration is lower; the collateral is somewhat more leveraged (accession 0001829126-26-010260).

A saver putting $500 into an 8.5% "digital bond" marketed as an alternative to a savings account is, in economic substance, taking a roughly two-thirds concentrated position in one commercial mortgage on one industrial building in Ontario, Canada.

Three details make that worse rather than better:

1. All loans are one-year term with no principal due until the end of the term. So the loan book throws off interest but returns no principal until maturity. It cannot be a source of redemption liquidity in the meantime.
2. The collateral is in a foreign jurisdiction. Enforcing on an Ontario industrial property is not the same exercise as enforcing in Florida, and it introduces currency and legal-process exposure that the marketing does not mention.
3. The LTV is 50%, which is genuinely conservative and is the strongest fact in Compound's favour here. If that valuation is right, the loan has real cushion. But a single 50%-LTV loan is still a single loan.

The liquidity arithmetic

The product's core promise is that you can withdraw at any time. Here is what stood behind that promise on the two dates the filings report.

At the end of 2025, cash and Treasuries covered about 35% of what bondholders were owed. By March 2026 that had improved to about 46%. By June 30, 2026 it was 11.6%: the Treasuries had been spent on redemptions (see what the June report adds). By our arithmetic, roughly half of that change came from a smaller bond liability as holders redeemed and half from more cash, in a quarter when the amount owed to related parties rose by $2,832,023.

That redemption figure is the one to sit with. Of 4,134,718 bonds ever sold, raising $41,347,180, a total of 2,494,567 — just over 60% — had already been redeemed by March 31, 2026. The book has more than halved.

And the money to meet the next wave is not contractually guaranteed by anyone. The filing:

In the event that bondholder redemption requests exceed the Company's available liquidity reserves, the Company would be dependent on its parent, Compound Real Estate Holdings, Inc. ('CH'), to provide capital... CH is under no contractual obligation to advance any such funds.

Meanwhile the amount Compound owes related parties went $65,955 at the end of 2024 → $4,065,072 at the end of 2025 → $6,897,095 by March 2026. The parent has been funding the operation, and it has been doing so as a creditor.

There are two Compounds, and the newer one is worse on its face

This is the part most likely to catch out someone comparing what they read to what they bought.

The Regulation A offering of Compound Real Estate Bonds, Inc. — the entity with the audited annual report described above — terminated on September 19, 2025. The company states it "is not currently raising capital under that offering." The September 21, 2026 circular of the second company, though, still describes the first company's offering as “still ongoing”; the first company's Form 1-SA of September 28, 2026 says it ended on September 19, 2025 and that it has no plans to raise more, and we treat that later, first-hand statement as controlling.

Compound Real Estate Bonds II, Inc. was incorporated in Florida on June 18, 2025 and its offering was qualified by the SEC on September 18, 2025 — the day before the first one terminated. It is a separate legal entity, also wholly owned by Compound Real Estate Holdings, with a June 30 fiscal year end.

Its Form 1-SA for July 1 to December 31, 2025, filed March 31, 2026, reports:

• Revenues: $807. Not thousand. Eight hundred and seven dollars.
• Total expenses: $320,642, of which advertising and marketing $161,028 and interest on bonds $108,525
• Loss for the period: $319,835
• As of December 31, 2025: $7,939,037 of Compound Bonds outstanding against $7,619,202 of total assets — it owes more than it holds
• Its own going-concern language: "These conditions raise substantial doubt about the Company's ability to continue as a going concern."

And the disclosure we have not seen anyone else note. Of that $7,619,202 in assets:

$1,078,025 in cash and cash equivalents held in our own name, $5,367,878 in cash and cash equivalents held in a bank account in the name of an affiliate, and $1,509,807 invested in U.S. Treasury Bonds

About two-thirds of the assets standing behind CREB II's bondholders were sitting in a bank account belonging to a different company (67% by our arithmetic; the filing's three components add to $7,955,710, not the $7,619,202 total it states). The filing does not describe an escrow arrangement, a trust, or a security interest over that account. It says the cash is held in an affiliate's name. That was the interim picture; CREB II has since filed its first audited annual report, and the cash is now on its own balance sheet — along with bonds outstanding, principal plus interest, that have grown from $7,939,037 to $21,137,844 and still exceed total assets of $19,761,427. Its amended offering circular, filed September 21, 2026 (accession 0001829126-26-010260), updates the position to July 31, 2026: 2,712,110 bonds sold ($27,121,100 at $10 each), 598,021 redeemed, 2,114,089 outstanding with a liability of $21,870,885, against $16,767,293 of liquid assets ($14,253,112 cash, $2,421,510 U.S. government bonds, $92,671 real-estate securities) and total assets of $19,972,293. By our arithmetic liquid assets cover 76.7% of that liability, far better than the 11.6% of the first company, and the circular repeats the going-concern warning from its audit report. Its terms: unsecured promissory notes, 8.5% per annum compounded daily, a $1,000 minimum, repayment within 5 business days (30 if more than $50,000 was requested in the past 30 days), and a limit on how much an investor who is not accredited may put in (10% of the greater of annual income or net worth).

We are not asserting the money is gone or misused — there is no evidence of that, and intra-group cash management is common. We are pointing out what a bondholder's claim actually reaches, which is a question that only matters on the day it matters.

The honest case for Compound

A review that only stacks up the bad facts is not a review.

• The disclosure is real and it is good. Everything on this page came from documents Compound wrote and filed. The going-concern language is prominent, the concentration is quantified, the affiliate cash is described. Plenty of issuers bury less than this.
• The 50% average LTV is conservative for private real estate credit, and the range tops out at 55%. If those valuations hold, the loans have meaningful cushion.
• The asset yield is real. Loans at 10–12% against an 8.5% coupon is a workable spread if deployment reaches a high enough share of assets and the cost base is spread over a bigger book. The model is not incoherent; it is subscale.
• Redemptions have been getting paid. Over 2.49 million bonds were redeemed — that is a functioning redemption process, not a gate. This is the single most important counterweight to everything above.
• They tell you it is not FDIC insured, in plain language, on the marketing page.

For comparison against products that publish the same disclosures and are not in this position, see our real estate debt comparison, the Groundfloor Notes review and the Arrived Private Credit Fund review. The bear case is not that Compound is a scam. It is that the risk being taken is not the risk being advertised. "8.50% APY, withdraw anytime" describes a savings product. The filings describe an early-stage, loss-making, subscale specialty lender with a concentrated book, dependent on a parent that has no obligation to help it.

Who this is for

It is not a savings account substitute, and it should not be held as one. Anything you would be distressed to lose, or need on a specific date, does not belong here. The "withdraw anytime" promise is a policy, not a contractual guarantee backed by liquid assets, and the issuer has said so in writing.

It could suit a risk-tolerant investor allocating a small, genuinely losable slice to private credit, who has read both entities' filings, who understands they are underwriting an Ontario industrial loan more than a diversified book, and who treats 8.5% as compensation for real default and liquidity risk rather than as a yield upgrade on cash.

If you are looking for the thing Compound is marketed as — somewhere safe to park savings at a good rate — the honest answer is that a Treasury fund or an insured account pays less and is a different asset class entirely, and that comparison is the one to make. Our passive real estate income guide sets out the realistic menu, and is real estate crowdfunding safe covers what is and is not protected when an issuer fails.

How to verify every number on this page

1. EDGAR, CIK 0001919204 (Compound Real Estate Bonds, Inc.). Open the Form 1-K filed April 30, 2026. Read Item 2, "Management's Discussion and Analysis" — the results, liquidity and going-concern paragraphs are consecutive and take about five minutes.
2. In the same document, Item 1 "Business," section "Recent Operations" — this is where the 64.2% single-loan concentration is stated.
3. EDGAR, CIK 0002078250 (Compound Real Estate Bonds II, Inc.). Open the Form 1-K filed September 3, 2026 (fiscal year ended June 30, 2026) and read "Liquidity and Capital Resources" and the going-concern note. The earlier Form 1-SA filed March 31, 2026 is where the affiliate-held cash figure appears, in the first sentence of its "Liquidity and Capital Resources."
4. Our read of that September 2026 Form 1-K is here. If a newer Form 1-K or 1-SA has been filed since, it supersedes both pages.
5. EDGAR, CIK 0002078250. Open the Form 253G2 filed September 21, 2026 (amended offering circular). Its first pages give the July 31, 2026 bond counts and liquid assets of Compound Real Estate Bonds II; the section on the sister company's loans gives the June 30, 2026 description of the first company's loan book (the $5,466,612 loan, 55% LTV, 5,811 investors).

FAQ

Methodology

Every financial figure on this page was read directly from primary SEC filings on August 20, 2026:

• Form 1-K for the fiscal year ended December 31, 2025, Compound Real Estate Bonds, Inc., CIK 0001919204, Commission File No. 024-11848, filed April 30, 2026 (accession 0001829126-26-004272). This is an audited annual report under Regulation A Tier 2.

• Form 1-SA for the period July 1 to December 31, 2025, Compound Real Estate Bonds II, Inc., CIK 0002078250, filed March 31, 2026 (accession 0001829126-26-002910). Semi-annual reports are unaudited.

• Form 1-SA for the six months ended June 30, 2026, Compound Real Estate Bonds, Inc., CIK 0001919204, filed September 28, 2026 (accession 0001829126-26-010470), read on September 29, 2026. Unaudited. The June 2026 cover is our arithmetic: $1,673,563 ÷ ($14,325,182 + $71,324) = 11.6%.

• Form 253G2 (amended offering circular dated September 21, 2026), Compound Real Estate Bonds II, Inc., CIK 0002078250, File No. 024-12644 (accession 0001829126-26-010260), read on October 8, 2026. It also describes the first company's loans at June 30, 2026. The 76.7% liquid cover is our arithmetic: $16,767,293 ÷ $21,870,885.

Marketing claims were read from compoundrealestatebonds.com on the same date and again on October 11, 2026, when we also checked EDGAR for both CIKs (nothing newer than the September 28 Form 1-SA and the September 21 Form 253G2). The terms in the "How to buy" section are from the September 21, 2026 offering circular; the website text quoted there is the issuer's own claim. Where the filings and the marketing describe the same thing differently, both are quoted rather than reconciled.

Two internal inconsistencies in the source documents are noted rather than smoothed over: the Form 1-K states total 2025 expenses as $3,047,794 in one sentence and total operating expenses as $3,047,784 in the next, a $10 difference; and the same filing gives the bond minimum as "$10" in its Business section, the marketing site states a $500 minimum, and the offering circular of Compound Real Estate Bonds II, the entity now selling bonds, sets a $1,000 minimum initial investment. We report all three rather than reconcile them.

Percentages of the bond liability covered by liquid assets are our own arithmetic on the filed figures: $6,828,064 ÷ $19,345,217 = 35.3% at December 31, 2025, and $7,770,502 ÷ $16,766,718 = 46.3% at March 31, 2026.

We hold no position in any Compound entity, have no affiliate relationship with Compound, and earn nothing whether you invest or not. Nothing here is investment advice. If Compound files a newer report, or disputes any figure above, we will update this page and say what changed.

Last updated: October 11, 2026 (EDGAR re-checked; how to buy, yield and terms added from the September 21, 2026 offering circular). Earlier: October 8, 2026 (Form 1-SA for the six months ended June 30, 2026, and the September 21, 2026 offering circular of Compound Real Estate Bonds II). First published August 20, 2026.