Concreit Reviews 2026: 6.30% Yield, $0.96 NAV, Fees (SEC)

Corrected October 16, 2026 — Fundrise prospectus date. Earlier versions of this page gave the date of the Fundrise Flagship and Income prospectuses as April 29 or April 30, 2026. Both are dated May 1, 2026: EDGAR accepted each Form 486BPOS on the evening of April 29, gave it a filing date of April 30 and made it effective on May 1 (Flagship filing index, Income filing index). The fee figures cited are unchanged.

Updated October 11, 2026: no new Concreit filing since October 7, and one fact from the September report that changes the "shrinking" story. We re-read the SEC EDGAR filing list for Concreit Fund I LLC (CIK 1781324) on October 11: the newest filing is still the Form 253G2 supplement No. 80 of October 7, 2026 (NAV $0.96 as of October 1, 2026, distributions of $0.000175 per share per day, 6.30% annualized). The Form 1-SA of September 24, 2026 also reports what happened after June 30: "Subsequent to June 30, 2026 through September 15, 2026, the Fund received $585,940 in contributions from investor members and processed approximately $335,424 in redemptions," and declared and paid distributions of about $119,885 (Form 1-SA). So the net outflow of the first half did not continue into the summer (net inflow of about $250,516 in that period, our arithmetic). Still no pending or threatened litigation is reported, and the next monthly supplement is due on or about November 1.

Upfront disclosure: Concreit has a direct affiliate program paying $10 per referred funded investor, paid as fee waivers (not cash), capped at $500/year and $5,000 lifetime (as we read it in April 2026). CrowdfundedWealth has not applied. I earn nothing if you sign up through this article.

What the newest filings say

Two filings are new this month. The Form 253G2 supplement No. 80 filed October 7, 2026 (accession 0001731122-26-001323, dated October 6) is Concreit's monthly pricing supplement. It sets the NAV per Investor Share at $0.96 as of October 1, 2026, effective until about November 1, and declares weekly distributions of $0.000175 per share per day, 6.30% annualized. It also reports the redemption queue: "During September 2026, we received $217,511 in new redemption requests and processed $229,847, accounting for 239,424 Investor Shares. As of the date of this Supplement we have $70,379 to be processed."

The Form 1-SA filed September 24, 2026 (accession 0001731122-26-001283) is the semiannual report to June 30, 2026:

Three details do not appear in most reviews. First, during most of 2025 "new subscriptions and dividend reinvestments were suspended pending requalification" of the offering, which the SEC qualified on June 30, 2025 (Form 1-SA). Second, the fund recorded a $125,000 impairment in 2025 on a private equity investment (carrying value cut from $500,000 to $375,000), and in the first half of 2026 the sponsor, Concreit Inc., paid the fund $125,000, which the report says "is not repayable by the Fund" and "does not reflect a change in the value or performance of the underlying investment." Third, "Concreit Inc. has begun to recoup the cost of these covered expenses" that it historically paid for the fund.

What Concreit Actually Is

Concreit markets itself as a real estate investment app with a $1 minimum and weekly dividends, which puts it among the few platforms that ship a usable mobile app in our best real estate crowdfunding apps roundup. The structure behind the app:

Concreit Fund I LLC is a Delaware LLC that elected REIT tax status (from its taxable year 2024, per the Form 1-SA), operating under SEC Regulation A Tier 2. The offering circular allows up to $75 million in any 12-month period. The fund is managed by Concreit Fund Management LLC, a wholly owned subsidiary of the sponsor, Concreit Inc. The company states it is an SEC-registered investment adviser (we did not re-verify the Form ADV for this update).

What the fund actually holds (June 30, 2026, Form 1-SA): 20 loan participations in short-term, collateral-backed loans, mostly single-family, carried at $6,024,926 (72.2% of total assets, our arithmetic), and three private equity investments carried at $1,775,000 (21.3%, our arithmetic). The filing lists no rental homes. Earlier versions of this review repeated a company claim of 25% single-family-rental equity ("Home Shares") and loans "overcollateralized ~130%"; neither appears in the filings we read, so we have removed them.

What it is NOT: Concreit is not a bank account, not FDIC insured, not an interval fund under the 1940 Act, and not a direct-ownership vehicle. Your $1 buys a fractional share of a pooled fund whose results depend on loan repayments and a few private fund holdings.

A Fund Smaller Than Its Marketing Suggests

This is the finding most competing reviews do not cover, and the June 2026 filing confirms it. Concreit says it has 40,000+ members (company marketing; its site, checked October 11, 2026, still shows "Over 40,000" members with a disclosure that dates the figure to September 1, 2022). The fund behind them had $8,340,400 of assets and $8,303,757 of equity on June 30, 2026. Dividing equity by 40,000 gives about $208 per member (our arithmetic), consistent with a $1-minimum onboarding product where most users try it with a small amount.

It is also not growing. Equity fell from $8,846,577 to $8,303,757 in six months, and the fund raised $3,366,633 in 2025 against $2,440,302 of redemptions, then $1,243,325 against $1,982,812 in the first half of 2026. Revenue is small: $392,407 in the half. This means:

• The fund is far smaller than Fundrise and smaller than most platforms in our comparison guides. Operational leverage is limited.
• The manager and sponsor depend on a thin fee base: $69,748 of fees to the manager and affiliates in six months (Form 1-SA, Note 6). Concreit Inc. has historically absorbed some of the fund's costs and is now recouping them.
• The fund's own going-concern note says it depends "on proceeds from securities offerings" and that management concluded its plans "are probable of execution and sufficient to alleviate substantial doubt."

Concreit Inc. raised a $6M seed round in September 2021 led by Matrix Partners, with a strategic investment from CU WealthNext in October 2024 (amount undisclosed), per our April 2026 research; we did not re-verify those. None of this makes Concreit illegitimate. It files regularly and names its officers (CEO Sean Hsieh signs the reports). But "40,000-member app" and "$8 million fund" are both true, and investors should know the second one.

The $1 Minimum: Real, But Read This First

Yes, $1 is genuinely the minimum. At $1 the honest math is:

• 1% a year of NAV on $1 is $0.01 a year in management fees.
• 6.30% on $1 is $0.063 a year, or about $0.0012 a week.
• Payouts that small are reinvested automatically under the reinvestment plan; the circular notes that $0.01 is the minimum ACH transfer.

At $1, Concreit is an app to download and try, not an investment. Practical starting allocations, at the 6.30% rate on a $1.00 price (a bit more on the $0.96 you pay):

• $500: $31.50 a year, about $0.61 a week.
• $2,500: $157.50 a year, about $3.03 a week.
• $10,000: $630 a year, about $12.12 a week.

At those levels the 1% fee is $5, $25 and $100 a year. Modest, but not trivial next to a high-yield savings account.

The NAV Story: $0.96, Every Month

Concreit's marketing and the yield footnotes use a $1.00 share price. The filings use $0.96. Each monthly pricing supplement lists the NAV per Investor Share for every month since the start of the table. The October 2025 supplement covers January 2022 to October 2025 and the October 2026 supplement covers January 2023 to October 2026: every one of the 58 monthly figures from January 1, 2022 to October 1, 2026 is $0.96. The October 2026 supplement adds: "The per Investor Share purchase price will be $0.96 per Investor Share." On June 30, 2026 equity divided by shares was about $0.9618 (our arithmetic).

What this changes compared with older versions of this page and with other reviews:

• New money is not marked down 4% on day one. A $1,000 deposit buys about 1,041.67 shares at $0.96 (our arithmetic). Earlier text here suggested an investor who "deposited at $1.00" would get $960 back; the filings price both purchases and redemptions at the NAV, so that framing was wrong.
• The yield footnote assumes $1.00. The filing says annualized yields assume "a $1.00 per Investor Share purchase price." On a $0.96 price the 6.30% is 0.063 / 0.96 = 6.56% (our arithmetic), which is where the "6.5%" quoted in reviews comes from.
• NAV has not moved in almost five years. A perfectly flat NAV for 58 months tells you the manager sets the price by a formula that rarely changes, not that the loans are free of risk. The supplement itself says NAV "may not reflect the precise amount that might be paid" in an arm's-length sale and is "not based on, nor intended to comply with, fair value standards under GAAP."

None of the big competing reviews (Benzinga, College Investor, SparkRental, Money Crashers) show the NAV table, as far as the search snippets we read indicate.

Fees: What the Circular and the Reports Say

Fees in the offering circular (May 2025) and the Form 1-SA (Note 6):

Two corrections to earlier versions of this page. First, we described "two separate early-withdrawal mechanisms," a help-center fee of 2% / 1% / 0% and a "20% of distributions" haircut said to come from the SEC circular. The circular dated May 2025 contains only the 2% / 1% / 0% table (applied to the purchase price or NAV); we could not find the 20% language in it. Third-party sites still quote a 20% fee on first-year dividends, and may be citing older documents. Second, the 0.10% ACH fee mentioned earlier came from Concreit's help center in April 2026 and has not been re-checked.

The cost picture: on a balance held two years or more, the filed cost is the 1% fee, plus the fund's other expenses that reduce income. The fees the fund paid in six months ($69,748) were 0.84% of June 30 equity (our arithmetic), more than 1% a year would produce on its own because acquisition and other fees are included.

Liquidity: Weekly Payouts, Monthly Redemptions, and the Queue

Concreit markets "withdraw anytime." Here is what the filings say:

• Payouts: declared monthly and paid weekly. Every weekly period from January 2023 to October 2026 in the filings has a payment date.
• Redemptions: processed monthly. The circular says shares "may be redeemed" at the manager's discretion and "to the extent it has sufficient funds available," and that the company "typically redeems up to ten percent (10%) of the weighted average of the number of Investor Shares" in a three-month period. If funds fall short, redemptions are filled pro rata at the end of each month, and unfilled requests carry over first-in, first-out.
• Suspension: the manager "may amend or suspend the Redemption Plan at any time" on listed grounds, including that the plan "impairs the Company's capital or operations." We found no suspension in the filings. The earlier "5% annual cap," "60-day minimum hold" and "15 business days' notice" we repeated are not in the May 2025 circular; we have removed them.
• Cost: 2% in year one, 1% in year two, then nothing.
• What the company says: its website FAQ (checked October 11, 2026) says customers may request a withdrawal at any time and that the wait is normally about a week, longer when requests are high. That is the company's claim; the filings give monthly totals, not deposit times.

The monthly supplements show how the queue behaved. Requests and redemptions processed, by month:

In December 2025 requests jumped to $1,355,203 and only $304,971 was processed that month, leaving $1,089,712 waiting; by January 2026 the backlog was down to $25,289 after $929,058 was paid. Over the 14 months shown, $5,134,134 was requested and $3,858,417 processed (our arithmetic), with the difference largely carried forward or withdrawn. In practice the queue cleared within about a month except in the December spike. In the first half of 2026, 2,065,681 shares were redeemed, or 22.0% of the 9,404,544 outstanding on January 1 (our arithmetic), so a wave larger than the fund's liquid assets could still slow things. Older reviews report 2 to 4 weeks from request to bank deposit; the filings do not measure deposit timing.

Practical takeaway: liquidity is better than Fundrise's quarterly window, but "anytime" is marketing. The right plan is to treat Concreit money as available over weeks, not days.

Returns: Payout History from the Filings

The Form 1-K (May 1, 2026) lists every distribution rate since December 2022. Annualized yield by period, assuming a $1.00 share price:

The daily amount printed for April and May 2023 looks inconsistent with the yield printed beside it; we reproduce the filing as it stands. So the rate rose from 5.28% to 7.00% and was then cut to 6.30%, a 10% reduction in the daily amount on October 4, 2025 (our arithmetic). Earlier versions of this page said Concreit "has not cut its distribution rate in 5+ years" and "6.5% to 6.65% stable"; that was wrong. On a $0.96 price, 6.30% is 6.56%. "Up to 8.5%" figures on Concreit's site refer to illustrative boosted rates, not the base rate.

How the payout is covered. Net income was $419,554 in the first half of 2026, including the $125,000 sponsor payment, against distributions of $274,805 declared; without the sponsor payment net income was $294,554 (our arithmetic). The 2025 net income was $439,650 (2024: $560,182), lower, the 1-K says, because of an investment in a non-performing equity fund for which no revenue was recognized.

The risk-premium context:

The premium over an FDIC-insured high-yield savings account is roughly 1.5 to 2.5 points at April 2026 savings rates. For illiquidity, concentration, credit risk on the loans and platform risk, that is a thin cushion.

Loan Portfolio: What Is Under the Hood

The Form 1-K lists every note at December 31, 2025, which this page could not retrieve in April 2026. What it shows:

• Loans: 25 single-family notes with unpaid principal of $7,023,205, interest rates 8.88% to 10.00%, maturities from January to December 2026 (Form 1-K, Note 3).
• Geography: 17 of the 25 notes, $5,466,870 or 77.8% of the balance, are in Washington State (Seattle, Tacoma, Everett and nearby); Ohio has 4 ($641,036), Texas 2 ($466,042), Tennessee 1 and Georgia 1 (our arithmetic). That is a real regional concentration.
• One counterparty: about 18.2% of the portfolio comes from a single originating counterparty through seven loans (Form 1-SA).
• Later changes: between July 1 and September 15, 2026 two Washington notes were paid off and three new Washington notes of $522,000, $363,000 and $427,500 were added at 9.00%.
• Credit: at June 30, 2026 the fund recorded no allowance for loan losses. It holds a private equity real estate fund investment that stopped paying; its manager "submitted a redemption request" and "has since suspended redemption processing," and the fund wrote off $21,667 of accrued interest at December 31, 2025.
• Default rates: not published as a number. Past-due or non-accrual status is not tabulated in the 1-SA.

The transparency gap: Fundrise publishes detailed quarterly updates and Groundfloor's audited FY2025 Form 1-K shows 73.4% of its legacy loan book more than 90 days past due at December 31, 2025. Concreit's filings are more granular than its marketing, but you are still buying trust in the manager.

Regulatory and User Sentiment

Regulatory: the filings show a clean record: no litigation ("not currently involved with any pending or threatening litigation"), no SEC enforcement action that we found. The fund files Form 1-A, 1-K, 1-SA and a 253G2 supplement every month. User-sentiment details below were collected in April 2026 and have not been refreshed.

• Trustpilot: 0 reviews / unrated as of April 2026.
• Apple App Store: mixed recent reviews. Positives: ease of use, weekly dividend cadence. Negatives: slow deposits and withdrawals.
• Google Play Store: all-time average 4.26, recent average 3.60 (23 reviews).
• Reddit: low organic presence in the investing subreddits we searched.

Top consolidated complaints: slow deposits and withdrawals, account-closure bureaucracy, small-balance fee confusion (older $5 a month fee), "anytime" liquidity versus the fine print, and mobile-only access. Top praises: the $1 minimum, weekly dividends, the SEC-registered structure and (until October 2025) a rising payout.

The Pros and Cons

Concreit vs. The Competition

The Concreit row is from the October 2026 filings. The other rows are as we last verified them (April 2026) and have not been re-checked.

The comparison that matters: Concreit vs. a high-yield savings account. If you are considering Concreit for "better than savings" exposure, you are paying illiquidity, credit risk on small-balance loans, a regional concentration and platform risk for roughly 1.5 to 2.5 percentage points of extra yield at April 2026 savings rates.

If you want real estate exposure specifically, Fundrise offers much broader diversification at a comparable fee load. If you want higher yield at similar risk, Groundfloor's fixed-term notes have delivered more but with their own default issues; see the full Concreit vs. Groundfloor comparison. Note that comparison was written before the 2025-2026 filings: it quotes 5.5% net, 150+ loans and a 5% annual gate, which do not match what the fund now files (6.30%, 20 loan participations, no 5% annual cap in the circular).

Who Concreit Is For (and Not For)

Concreit might be right for you if:

• You want a small "sandbox" real estate debt position to learn the product
• You value weekly payouts
• You have $500-$5,000 for real estate and Concreit is one piece, not the whole allocation
• You accept the 1.5-2.5 point premium over savings and a manager-set price
• You are comfortable with mobile-only access

Concreit is NOT right for you if:

• You need a primary real estate vehicle: a fund with $8M of assets is too small
• You need guaranteed principal: use an FDIC-insured account or T-bills
• You want maximum yield
• You need desktop access for record-keeping
• You cannot afford waiting weeks for a withdrawal during stress
• You are uncomfortable with small-platform and Washington State concentration risk

Frequently Asked Questions

The Bottom Line

Concreit delivers what it advertises on access: a $1 minimum, weekly payouts and a monthly exit. The SEC filings add what the app and most reviews leave out. The payout was cut 10% in October 2025, the NAV has sat at $0.96 for nearly five years, the fund is small ($8.3 million) and shrank in the first half of 2026, four in five loan dollars were in one state, and the sponsor recently covered a $125,000 loss. The 1.5 to 2.5 point premium over a savings account is a thin reward for those risks.

The right role for Concreit: a small, complementary position, not a primary real estate allocation. For learning the space at low stakes, or for a monthly exit slightly better than Fundrise's quarterly one, it has real utility. If you hold it, read each month's 253G2 supplement: the NAV, the payout rate and the redemption queue are all in it.

For shopping across the landscape: see our Fundrise Alternatives guide, how all real estate crowdfunding fees compare, our breakdown of platforms that failed in 2020-2025 and the honest risks in this category.

This is analysis of public documents, not investment, legal or tax advice. Sources: Concreit Fund I LLC Form 253G2 supplements (accession 0001731122-26-001323 of October 7, 2026, and the monthly supplements from September 2025 to September 2026), Form 1-SA (0001731122-26-001283, September 24, 2026), Form 1-K (0001731122-26-000648, May 1, 2026) and the offering circular filed with Form 1-A/A (0001731122-25-000694, May 9, 2025), all on SEC EDGAR; third-party review text from a web search on October 7, 2026.