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TIC Plan Real
Estate Syndicates...
Rainmaker Marketing Corporation
creates TIC plan real estate
syndicates for multifamily
housing, senior living,
retail, mixed-use,
condo-hotel and other commercial income-producing real property project
development funding programs providing up to 100% of a given project's budget
(including all hard costs of construction, soft costs, finance and carrying
costs). All TIC plan real estate syndicates share the following common
elements:
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The sponsor (developer and/or
owner/operator as the case may be) must own the project site in fee simple
estate and be able to transfer a portion of the ownership to RMC via a real estate sales contract.
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The minimum syndicate
offering of fractionalized interests must total $7,500,000. There is
no dollar amount limit at the upper end.
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The maximum syndicate
offering of fractionalized interests shall be equal to 100% of the total
development budget (rounded down).
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Each fractionalized ownership
unit in the tenants-in-common ownership plan is $250,000.
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The minimum marketing period
is 21 days.
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The minimum marketing period
is on a non-exclusive basis. This means the developer/sponsor can also
market an issuance of securities via the private placement offering approach
at the same time. If the marketing period does not result in at least
$7,500,000 in contracts purchased by Rainmaker, then there is no obligation
to close escrow and the developer/sponsor can exit the transaction.
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All distributions to a given
syndicate are on a monthly basis and subject to the maintenance of a lockbox
account for the benefit of the fractionalized unit holders' interests.
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Rainmaker requires - as a
contractual inducement - that each resulting project that is so financed
using the Rainmaker Marketing Corporation tenants-in-common fractionalized
ownership plan to provide comprehensive reporting of the operating and
non-operating cash flows of the project (each month) together with an
operating report that must conform to Rainmaker Marketing Corporation's due
diligence standards.
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All projects are required to
provide a complete due diligence presentation based upon the phase
(pre-construction, construction or post-construction) to which the proposed
financing is to be provided.
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These are the minimum
requirements. Your particular project may in fact have other due diligence
requirements that are unique to your project. Call us for details.
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Rainmaker Marketing Corporation
is a B2B consulting firm that was incorporated in 1994 for the
purposes of providing market feasibility studies to businesses
seeking capital financing in the commercial and institutional
markets. Today, Rainmaker Marketing Corporation provides a
comprehensive array of due diligence documentation services for most
major industry groups. Rainmaker Marketing Corporation also
provides syndication management services for fractional commercial
real estate syndicates that can provide mezzanine gap funding for
income-producing commercial property developments as early as the
pre-construction phase. Rainmaker Marketing Corporation serves
clients throughout North America and the Caribbean Basin. Rainmaker
Marketing Corporation, Inc. 15519
Dawnbrook Drive, Houston, Texas 77068
© Copyright,
2009 Rainmaker Marketing Corporation, Inc. All rights
reserved. |
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