- Click to View Sample -
UPDATED TO COMPLY WITH FINANCIAL REFORM ACT 7/25/2010
(Microsoft Word Document - Fully Editable - 70+ Pages)
Successfully used for all types of real estate projects, this Legal Grade Memorandum is designed as a capital pooling fund (hedge or private equity fund) used to collect investment capital for the purpose of buying, holding and/or developing multiple projects simultaneously. (can be customized for single projects)
DESCRIPTION:
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This template is predesigned (Rule 506) to accept from $500,000 up to $100 million in investment capital from "private investors" for commercial and/or residential real estate property. The amount of capital can be adjusted to any amount.
This template works with almost any real estate capital pooling transaction.
The document is designed as a ''closed-end fund'' with a LLC as the manager of the fund, however it can be customized as an open-end fund.
PPM CONTENTS:
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• Cover page
• Table of contents
• Investment summary
• Return on investment terms
• 10 State Blue Sky Legends
(Comes standard with: California, Delaware, Florida, Illinois, Nevada, New Jersey, New York, Pennsylvania, Texas and Washington) (you can add up to all 50 States, Puerto Rico and general foreign investment legends) (See to the right of the picture above)
• Management fee details
• Rule 506 disclaimers
• Offering summary
• Business Plan section (many elements are already in the document)
• Interactive Fund investment flow chart
• Investment structure
• Property risk analysis
• Income appreciation flow chart
• Construction flow chart
• Commercial and residential property definitions
• Management/director/officer backgrounds
• Use of Proceeds
• Terms & Conditions
• Investment requirements
• Risk Factors
• Competitive analysis
• Dilution and ownership detail
• Plan of placement
• Subscription Agreement
• Investor Suitability Questionnaire
• SEC Form D (PDF Format)
• State Blue Sky Forms (PDF Format)
• ERISA Language
• LLC Operating Agreement (21 pages designed for real estate)
***70+ PAGES***
PRODUCT & DELIVERY
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Product is not a software program. This is a software file delivered in Microsoft Word Format (fully editable). It is available via download (email receipt or online account) immediately following your purchase. The software file is packaged in a .zip file.
ADDING STATE & FOREIGN LEGENDS
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To comply with Regulation D our PPM Templates include NASAA Jurisdictional Legends. Our templates come standard with specific legends for: California, Delaware, Florida, Illinois, Nevada, New Jersey, New York, Pennsylvania, Texas and Washington. To add more states, puerto rico and/or foreign investment legends simply choose how many additional legends you would like to add (to the "right" of the picture above). During the checkout process you will be asked to choose which additional legends you need.
FORM D
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We provide one blank Form D with your template package, however we also provide a custom service whereby our in-house staff will complete your Form D and file it for you (choose "Filing Form D" from the menu above).
BLUE SKY FILINGS
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Each State requires a "Blue Sky" filing which calls for Issuers (entrepreneurs offering a PPM) to file their Form D with their State along with another form, typically a U-1 or U-2. We include these forms in your template package, however we don't provide customizing for these forms. These forms should be filed within 15 days after receiving investment capital from an investor in any particular State.
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