Senior Housing Bridge Loans - Continued...

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	income from the property management fee line item, which the developer may assign, in whole or in part, the entire contract to a third-party property management firm; and
	a 10.00% share of the incremental equity gain funded out of the project when the long-term syndicate purchases the property; and
	the long-term investment income holding opportunity associated with the ongoing operations of the property.

The conflict of interest that would heretofore exist (by virtue of the developer playing the investment income opportunity solely as a development opportunity) is eliminated and replaced with an opportunity that is on par with the investment income opportunity of the post-construction syndicate investors.

This is all predicated upon the fractional tenants-in-common real estate syndication approach because of some benefits that, in their totality, are significantly more important than any other capital financing mechanism or funding resource that would otherwise be available to the developer on a non-recourse basis.  This fundamentally changes the way we raise capital financing and what we expense that capital financing on (financing and carrying costs of equity capital).

The key benefits include:

	the timing of the funding.  Tenants-In-Common plan (TIC plan) syndications can be created and put into play to provide capital financing as early as the pre-construction phase.  The developer can't do that with a condominium plan.
	the classification of the interest.  It's a real estate interest and it is not subject to any restrictions beyond those common-sense restrictions that would always be expected to be employed.  These include developer actions that constitute moral hazards.

Find out what you can do and how your project (or investment portfolio, IRA or other holdings) can benefit with a Rainmaker Marketing Corporation structured finance plan.