Hello All,
In need of some help creating a PPM (Private Placement Memorandum). My company specialize in purchasing, redeveloping, and operating of manufactured home communities (AKA Mobile Home Parks). Turning around heavily mismanaged and/or neglected maintenance parks is our specialty. By purchasing, developing, and the use of our experience management processes, the parks we purchase become cash-flowing communities. Allowing us to create communities while creating cash-flow. Its a great business and I absolutely love seeing, in a short time, entire communities become full of families and hope again. All while more than doubling in market value, creating a new stream of cashflow, and paying back initial investments within 24 months. Currently I have to use other PPM funds, CMBS loans, and/or bank development loans to fund projects.
It is amazing how man times I have to decline to work with individuals whom wish to invest in a purchase but do not have large sums of cash ($300K or less). It has become extremely hard to secure multiple partners with banks to fund a project. These communities generally require $500K or more down payment with use of a bank, not including funds to rennovate the property after closing.
I am setting up a PPM to allow us to move faster and acquire more communities.
I am looking to see if any users have experience in setting up a PPM or other type of funding pool? Any thoughts, contacts, or literature to help advice would be greatly appreciated.
In need of some help creating a PPM (Private Placement Memorandum). My company specialize in purchasing, redeveloping, and operating of manufactured home communities (AKA Mobile Home Parks). Turning around heavily mismanaged and/or neglected maintenance parks is our specialty. By purchasing, developing, and the use of our experience management processes, the parks we purchase become cash-flowing communities. Allowing us to create communities while creating cash-flow. Its a great business and I absolutely love seeing, in a short time, entire communities become full of families and hope again. All while more than doubling in market value, creating a new stream of cashflow, and paying back initial investments within 24 months. Currently I have to use other PPM funds, CMBS loans, and/or bank development loans to fund projects.
It is amazing how man times I have to decline to work with individuals whom wish to invest in a purchase but do not have large sums of cash ($300K or less). It has become extremely hard to secure multiple partners with banks to fund a project. These communities generally require $500K or more down payment with use of a bank, not including funds to rennovate the property after closing.
I am setting up a PPM to allow us to move faster and acquire more communities.
I am looking to see if any users have experience in setting up a PPM or other type of funding pool? Any thoughts, contacts, or literature to help advice would be greatly appreciated.
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