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| | Commercial Real
Estate Private Placement Offering Memorandums - Continued...
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Carrying costs. While most
institutional placements can be completed within 90 days, some require
longer and (therefore) necessitate a higher amount of project carrying costs
be made available. Clients would be well-advised to create a working
capital reserve to cover the offering carrying costs (legal, consulting,
land option costs, etc.). This is a necessary evil even if you don't
spend it all because the alternative was total financial failure.
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Syndications. Now you can take
advantage of an equity syndication utilizing the fractional ownership
interest (tenants-in-common) syndication approach. This platform and
equity financing vehicle is designed to provide financing as early as the
pre-construction phase of a given development project. The minimum
syndication is for projects having development budgets of at least $2.5
million and is designed with no upper limit.
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The initial draft of the private placement
offering memorandum (the "PPM") is usually assigned to Rainmaker
Marketing Corporation because of our overall command of the issues and fast
response times that save clients money. This does not replace and/or
augment your legal counsel's duties as Rainmaker Marketing Corporation does not provide legal services
of any kind. When you need the answers we are here to help you get to
where you want to go.
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Do
You Know The Secret?
When it comes to commercial real
estate development finance, it doesn't matter whether you need to raise
$5 million or $50 million, the out-of-pocket costs, advance fees and
project due diligence costs will always require the same relative
investment dollars the promoters have to fund. Do you know what
that amount is? Do you know the Secret? |
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