A PPM is the legal document you give to your investors so they have all the information they need to make an informed decision about investing in your project. Some syndicators decide to skip this step to avoid the upfront costs and to avoid revealing all the risks and conflicts of interest that are required. [...]
Browsing Posts tagged SEC
The U.S. Department of Housing and Urban Development has two special programs that insure mortgage loans for the new construction or substantial rehabilitation of multifamily rental or cooperative housing. These projects must be designed for moderate income families, the elderly or the disabled. The programs are best known by their section names: 221(d)(3) is available [...]
Since commercial real estate often requires a larger down payment than most individuals can come up with, investors usually pool their funds in order to raise sufficient cash to cover the down payment and other acquisition costs. Doing this incorrectly can lead to huge fines from the SEC, not to mention potential liability from lawsuits. [...]
