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Most health care
developers seeking equity financing for their projects fail to consider the
health care facility real estate development financing packages that can be
built around a fractional tenants-in-common ownership
syndication plan. Now developers can access the equity needed to bring
health care access to all of our communities in America.
This newly
designed syndication engine is intended to provide an orderly exposure to the
market comprised of the investing-public for the purposes of raising at-risk
capital contributions in exchange for a deeded real property interest in a
fractional tenants-in-common ownership plan. The minimum syndicate sales
target is the greater of:
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$2,500,000; or
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the computed
equity gap that, is defined as the difference between the project's total
development budget and all other forms of financing that, have already been
contributed; or, for which the sponsor is holding a bankable firm commitment
to provide any portion of that financing.
Each new
syndication has a $25,000.00 minimum sales real estate contract being
re-sold by the syndicate sponsor to the syndication platform and between the
syndication platform and the investing-public for these fractional commercial
real estate tenants-in-common ownership plan units. These units held by
the investing-public may be resold by the investing-public at a time of their
choosing via the syndication platform repurchase program that allows for online
auctions of no less than 7 days to no more than 90 days. At the same time,
the investing-public is noticed that a given syndicate may be offering units for
sale at the same time, thus creating the propensity for discounting in certain
circumstances that can only be controlled by delaying the listing of the given
unit for sale.
The outflow of
this approach is to provide enhanced liquidity for the resale market, thus
making the syndication platform both a primary capital market platform and a
secondary capital market platform.
Rainmaker's
approach is to create a multi-tiered capital funding plan proposal that
incorporates statutory entitlements (e.g.: tax credits and Section 242 Loan
Insurance, tax-exempt bond financing, etc.) along with the syndication platform
to assign investment basis with multiple funding legs, thus allowing for
purchasers to enter and exit the transaction on a much more defined basis.
When the issue is due diligence, Rainmaker Marketing Corporation is the solution
to the issue.
The totality of
our approach is to allow developers of healthcare facilities to make their best
judgments about the structure of their project's capital financing by
considering:
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Total carrying
costs (a very big issue). Carrying costs are a working capital item
and these are the hardest funds to source and easiest to use.
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Total months
of pre-construction and construction phase operations, together with the
time projected to stabilize the asset at its highest sustainable operating
capacity.
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Portfolio
considerations - timing of entry/exit, creation of a roll-out/roll-up, types
of assets in the portfolio, investor holding period horizons and related
issues.
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