Front-end load includes a $1,342,000 dealer fee, $895,000 in organizational and offering expenses, and other closing costs totaling $6,712,000. The sponsor also collects an ongoing annual asset management fee of $447,585.
Front-end fee composition
Dealer Fee$1.34M1.50%
Total front-end sponsor compensation$6,712,000 8.16% of acq. cost
Dealer Fee
$1,342,000
1.50%
Total Front-end Fees
$6,712,000
8.16%
Strengths
- Fee structure clearly itemized including $1,342,000 dealer fee
Concerns
- 7.5% upfront fee-to-acquisition cost ratio
- Annual asset management fee of $447,585