MHD Capital
Ultra-luxury · SoFL + CA · 506(c)
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№ I MHD Capital · Ultra-Luxury Development · 506(c) Accredited Only · $200K Minimum

Ultra-luxury developments, built by the same hands that raise the capital.

MHD Capital gives accredited investors direct access to branded residences, high-rise condominiums, and boutique hospitality across South Florida and California, structured around an 8% preferred return and a 5 to 10 year hold.

● Live · 6 min walkthrough Moses Hershko, Founder & Principal
Why I built MHD Capital, and where the next dollar is going.
6:12 · Founder briefing · 2026
MHD Capital · Ultra-luxury · 8% pref · 5-10yr · Moses Hershko, Founder & Principal
MHD · 2026-Q2
$200K
Minimum Ticket
8%
Preferred Compounded
5–10 yr
Fund Hold
2004
Building Since
II.
The integration

The developer and the contractor are the same person.

Most ultra-luxury sponsors raise capital from accredited investors and then hand the build to an outside general contractor at a markup. On every MHD Capital deal, the licensed contractor is Moses Hershko. The build margin that normally leaves the deal stays inside it, which is the simplest reason ultra-luxury fund-level economics work here that do not work in most pooled structures.

Fig. II.a · Vertical integration · Capital + construction Source: MHD Capital, 2026

MHD Capital

Capital · Fund GP · 506(c)

Raises the accredited capital. Underwrites the site, structures the LP economics around the 8% compounded preferred return, and reports to LPs through the 5 to 10 year hold.

×

Moses Hershko Development

Build · Licensed GC · 22 Years

Designs and builds the actual asset. Holds the contractor license, manages the trades, and signs off on every certificate of occupancy under one accountable name.

One operator owns the capital stack and the build stack. The build markup, the architect coordination fee, and the construction supervision premium that normally flow to three separate counterparties all stay on a single ledger that LPs sit directly behind.
III.
The offering

The MHD Capital fund, in deployment.

A $200M target fund, scalable to $350M, deploying into ultra-luxury single-family residences, branded high-rise condominiums, mixed-use developments, and boutique hospitality across South Florida and California. 70/30 LP / GP split with an 8% compounded preferred paid at fund term end, structured under Reg D 506(c) for accredited investors.

MHD Capital Fund
REG D 506(c) · ACCREDITED ONLY
SOUTH FLORIDA · CALIFORNIA
StructureReg D 506(c) · Fund
Minimum ticket$200,000
Target fund size$200M, scalable to $350M
Preferred return8% compounded
LP / GP split70 / 30
Hold period5–10 yr · under 5 yr targeted
DistributionPaid at fund term end
Asset classUltra-luxury · branded residences
MarketsSoFL + CA · dual coast
ContractorIn-house · licensed GC
IV.
The thesis

Branded residences sell at a 30% premium.

Branded-residence inventory consistently transacts at a 25 to 35% premium over comparable un-branded square footage in the same building stack, according to repeated Knight Frank and Savills tracking studies. That premium is the underwriting margin that supports the 8% compounded preferred without forcing the fund into speculative entitlement plays.

30%
Branded-residence premium
Average price per square foot premium of branded inventory over comparable un-branded units in the same submarket, per Knight Frank Branded Residences research.
8%
Preferred, compounded
Hard preferred return paid at fund term end. Compounding materially shifts the LP outcome on a 5 to 7 year hold versus a soft preferred structure.
2
Coasts, one fund
South Florida and California concurrently. Most ultra-luxury sponsors pick one coast. Dual exposure lets the fund move capital between cycles instead of being tied to one regional curve.

Premium figures and target returns are projections, not guarantees. Subscription and underwriting documents will set out the actual terms, risks, and conflicts of interest. The structural point is that an in-house contractor and a branded-residence product mix together create real margin where most ultra-luxury funds rely on appreciation alone.

V.
The markets

Two coasts, one ultra-luxury footprint.

South Florida is the U.S. branded-residence capital and the destination market for relocating ultra-high-net-worth capital. California carries 22 years of personally completed luxury single-family and hillside-estate inventory. The fund holds both at the same time, which lets the GP rotate deployment between the two depending on entitlement timing and absorption.

Coast I · South Florida

Miami branded-residence pipeline.

Three-tower South Florida program led by Moses Hershko. Tower one carries the Hershko brand. Towers two and three are in active negotiation with hospitality brand partners.

  • Miami Beach · Coconut Grove · Brickell
  • West Palm Beach · Fort Lauderdale
  • 3-tower branded program · flagship under construction
Coast II · California

Bel Air, Malibu, Silicon Valley.

22 years of completed ultra-luxury single-family inventory across the hillside estate corridor. Wellness-design positioning across air, water, light, acoustics, and spa amenities.

  • Bel Air · Beverly Hills · Malibu
  • Silicon Valley · Orange County
  • HomeTech Construction since 2004
VI.
The founder

Twenty-two years on the job site.

Moses Hershko is not a finance executive who pivoted into real estate development. He has been designing and building ultra-luxury residences since 2004, founded HomeTech Construction and Moses Hershko Development, and produces the Building Silicon Valley series and Rules of Success podcast that document the actual job sites. MHD Capital is the investment-platform extension of a build operation that already exists.

MH
Founder · 2004
Moses Hershko
FOUNDER · MHD CAPITAL

Moses Hershko

Founder & Principal · MHD Capital

Moses has been designing and building ultra-luxury residences for over two decades, beginning in 2004 with HomeTech Construction in the Silicon Valley corridor and expanding into Bel Air, Malibu, and Beverly Hills hillside estates over the subsequent twenty years. He founded Moses Hershko Development to consolidate that book of work under a single design-build brand, and launched MHD Capital in 2026 to give accredited investors and family offices direct access to the same pipeline without going through the traditional passive-sponsor fund structure.

The differentiator is the construction license. Moses personally holds the contractor authority on every MHD Capital project, which means the build supervision premium, the architect coordination margin, and the contractor overhead all stay inside the LP capital stack rather than leaking to a third-party builder.

22 yrs
Building since 2004
$200M
Target fund size
2 coasts
SoFL + CA footprint
VII.
Schedule a call

Pick a time that works.

A 15-minute introductory call with Moses to walk through the current pipeline, the structure, and how the in-house contractor model changes the LP math. No pressure to subscribe. Bring your wealth manager or family-office advisor to the invite if it helps.

15-minute call with Moses.

A confirmation and web-conference link arrives by email immediately after you pick a time. Include your CPA or family-office advisor on the calendar invite if you would like them present.

  • Walk through the current Miami branded-residence pipeline
  • Review the 70/30 structure and 8% compounded preferred
  • Preview the California co-investment opportunities in deployment
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