The Designated Market Maker NYSE equivalent (after IPO/offering) may want a chunk of  equity for trading inventory and volume/liquidity requirements from the company or underwriting firm.

Nobody here can give you a firm answer, but the owner or their agent can.  

Are you actually dealing with a law firm or a broker who claims this is what he/she states?  

Also, offer multiple options if it works for you, but be firm with your numbers.  

If it would make it more convenient for people, we could combine meetings sometimes and I could help host in the Cedar Rapids area.  

The firm I work for as a property at about 40% occupancy.Mark

We also had them build our website for us and host it with them.

My firm is in Fresno and we really enjoy this market.

With regard to law, I am a 2001 Harvard Law graduate and have spent most of my career in giant law firms in California, Minnesota, and Washington, DC. 

The larger commercial assets are professionally managed by large PM firms so the lender cares less about your local ties and more about your liquidity versus net worth.Of course there are exceptions these are just the guidelines of what I see with clients.