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Section 1031 TIC Plan Syndications, Syndicates & Syndicators...
If you are
looking to create your own 1031 investment using the tenants-in-common
approach to higher-yielding asset acquisitions, then your boat has
arrived. There are multiple syndication platforms available to you. The program focuses on
providing tenants-in-common fractional real estate ownership interest
syndications to support commercial real estate development projects
having budgets of at least $2,300,000. The program underpinnings
are based upon the due diligence documentation requirements and project
"proofs" that each syndicate sponsor must provide to the
investing public. The fundamental "proofs" that every
syndicate sponsor must provide include:
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proof
they have site control of the proposed project site; and
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proof
there exists a potential demand for the project as evidenced by an
independent market study; and
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proof
the total costs of developing the property and stabilizing its
operations will create sufficient equity to provide a pay-off and
transaction exit to the syndicate investors; and
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proof
the property is ready to begin the proposed construction once the
required construction mortgage financing loan closes; and
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proof
the marketing, sales and operations will be managed by competent
professionals and subject to the business standards and key
milestone requirements imposed by the syndication platform (measures
designed (primarily) to increase financial transparency); and
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proof
the development and construction of the property will be managed and
executed by licensed third party providers, consultants and
contractors having demonstrative experience in similar projects in
the past; and
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proof
that, wherever practical and possible, the resulting
income-producing property will have all assets insured against fire,
smoke, wind, water, seismic event, flood and (where appropriate)
business interruption insurance and liability policy umbrellas.
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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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