All Forum Posts by: Jillian Sidoti

That's kind of what I said, but since I am in the "know" I didn't know what was more appealing. 

Hi all -

I am not sure this is the right forum, but let's give it a shot. I am looking for your opinion. 

I have a client that is doing a Tier 2, Regulation A+ offering. What this is, for those that don't know, is an offering of up to $50 million that is available to all investors (both accredited and non-accredited.) This format also allows them to utilize crowdfunding and crowdfunding platforms.

The basic premise is they buy notes. This client has privately been very successful in purchasing, renegotiating, and disposing of notes in a private fund model. They are now bringing it to the next level. They are wondering "how should we market this?" 

Do they market it as a "mortgage fund" or a "note buying fund" or something else? I really appreciate your input! Thanks!

I am answering on my phone, so this answer will be short. If you want to really hedge against problems, put a broker between you and the investor. FundAmerica charges 50 bps for bd services. Most of my clients don't do that. Instead, they make sure only an officer signs the subscription agreement, compensation isn't tied to sales, and any salespersons have ongoing duties like investor relations. 

@Adam Bontrager -  I am a securities attorney and often have deals that I could send your way. What are your underwriting criteria and what kind of deals are you looking for? 

@Bryan Hancock - I did not read this thread, but I did read your advice. It is really good advice. And you can take my advice of taking Bryan's advice, because I am actually a real live securities attorney. :) 

What kind of property? Maybe I can lead you in the right direction.

Hey Stephen! Let's get together. My office is in Murrieta. 

I did not read this whole thread (my disclaimer.) If you are in California and California residents own more than 30% of the LLC, you need to register in California. THEY WILL FIND YOU.

@Kevin Bull great to meet you and I am looking forward to doing some business together. 

I will, in some sense, defer to @Mark Robertson on this, but that is not unreasonable for a deal. Many of my clients have a 5 year time frame. I have some that have 7 to 10 year horizons and some still that operate in perpetuity. 

Let me know if you need any other guidance or an introduction to a particular platform.