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| | Commercial Real
Estate Investors - Michigan...
For Michigan real
estate investors, the advent of the Rainmaker Syndication Program could not
come at a better time, as most Michigan real estate investors are
facing tough
times across the state, with the economy far away from lassiere-faire.
Rainmaker is seeking to acquire and syndicate projects and programs inside and
outside of Michigan, bringing more real estate ownership opportunities and more
project development programs. Programs that are based upon an orderly
market operating with complete transparency. The Rainmaker program focuses on the following:
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Focus on properties and
opportunities that project strong earning opportunities for
near-term, mid-term and long-term holding strategies based upon some
multiple of the S&P 500; and
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Creating new syndicate
opportunities in Michigan for the benefit of Rainmaker's global
investor program; and
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Providing
developer/sponsors of projects to be located in Michigan with
market-based project financing solutions that:
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Have the potential
to fund 100% of the project's development budget (hard, soft,
finance & carrying costs); and
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Create additional
profit-taking opportunities for the benefit of the
developer/sponsor and the syndication buyers; and
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Have the potential
to eliminate bankruptcy risk and foreclosure risk for the
benefit of syndicate investors and the developer/sponsor; and
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Can be applied to
almost any commercial real estate development project having a
total development budget that is greater than $2,500,000 (USD).
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Creating new syndicates
for development transactions that have some universal traits, in
that:
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Every fractional
unit sold is sold for $25,000 and $23,000 is netted to the
developer/sponsor entity; and
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Every initial
syndication marketing window is for 90 days; and
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If Rainmaker's
syndicate accounts for 100 fractional units ($2,500,000 gross -
$2,300,000 net) then the developer/sponsor is obligated to close
and accept the funding. If not, the developer/sponsor can
walk away; and
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If the syndication
program is successful, Rainmaker will continue making sales in
the form of a post-construction financing. Each fractional
unit sold will be utilized to reduce the outstanding balance
owed on the proposed project's construction loan. This
means it is possible to have the construction loan paid-off at
the beginning of actual operations.
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Rainmaker offers
syndicate participants a level of secondary market liquidity that can be used to resell their
fractional units in an orderly market through the Rainmaker
portal. Now investors can decide when they want to redeem
their purchase and they can do so with or without the
developer/sponsor's blessing. Rainmaker provides this level of
secondary market liquidity through its syndication engine.
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Rainmaker conducts a due diligence review of each transaction before the
syndication listing is approved. The issues Rainmaker reviews
include specific aspects of the proposed project that is the basis
of the financing:
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Environmental
status.
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Market feasibility.
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Financial
feasibility.
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Business
Plan/Operating Capacity.
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Potential
Conflicts-of-Interest.
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Development Plat
status.
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Site Plan status.
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Architectural
Schematic Phase documents.
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Contracts
(architectural design services, engineering design services
(including structural and MEP), construction services,
development management, property management and entitlements).
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Development Plan.
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Rainmaker doesn't guarantee
or warrantee any project. We rely upon our 15 years of experience
in commercial real estate development, finance and due diligence to sift
through the projects and eliminate those that, in our opinion, represent
undue risk exposure and/or are incomplete and not ready for
listing. Rainmaker supplies the market with one more set of eyes
and an analysis of the prospective transaction in terms of market
issues.
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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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