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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 Rainmaker
Marketing Corporation via a real estate sales contract.
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The minimum syndicate
offering of fractionalized interests must total $2,500,000. 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 to the next $25,000 multiple and the
difference being provided by the developer/sponsor).
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Each fractionalized ownership
unit in the tenants-in-common ownership plan is $25,000.
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The minimum marketing period
is 90 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
$2,500,000 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.
These are the minimum
requirements. Your particular project may in fact have other due diligence
requirements that are unique to your project. Rainmaker Marketing
Corporation will provide you a list of the documents that are required for
supporting the transaction before you make a decision. Most of these
documents are the same documents as would be required for a private
placement offering of securities because Rainmaker Marketing Corporation
wants full disclosure of the potential risks and rewards to each and every
syndicate participant. To find out more about what Rainmaker Marketing
Corporation can do for you, take a moment and give us a call. The first
consultation is always free.
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