All Forum Posts by: Nicholas Cook

@Dino Pierce I really appreciate the input. Thank you.

@Brian Burke, thank you for the continued feedback and input. I certainly see your point. I recognize this will take some testing and really depend on the investor.

@Mike Dymski I appreciate the input. Perception matters, because I am knew to this side of the business, I don't know what that is. 

@Account Closed Good input. I am new to this side of things and this feedback is helpful in better understanding the LP side.  I will review the article.

@Brian Burke @Michael Bishop @Spencer Gray  

Do you think the following would be appealing to investors? Just trying to get some feedback.

Promote Share Investor Share IRR

0%                                     100%                                    8%

30%                                   70%                                     12%

50%                                    50%                                     15%

80%                                     20%                                     Greater than 15%

@Michael Bishop thank you for your insight on this.

@Michael Bishop good question. We are bringing the entitlements which took 2 years of work to get and nearly 1 million in soft costs. We are bringing the expertise to build, stabilize and manage the property. We also have acquired the land under good terms (seller carry).

I guess we don’t totally know the market value of that.

We are also weigh options of getting some of the soft cost money replaced with investor money.

@Todd Dexheimer this is another option we are exploring.

@Brian Burke that makes sense. We definitely want the investors to feel taken care of.

@Spencer Gray thank you for the input.

Great feedback. We are looking at some sort of waterfall structure, but I was unsure what reasonable splits were at the different hurdles.

@Charles LeMaire we are exploring our options. Our goal is to get the building built.

We are just trying to figure out different options for investors.

@Brian Burke it’s a long story, but the land is be closed on this week. The seller is carry back a note.

We have the entitlements completed. We just need to pay for the permit. We could start building in 90 days.

We need equity for the construction loan.