Sponsor and affiliate compensation includes up to 5.0% in selling commissions, a dealer fee of $799,161, a placement agent fee of $799,161, and an annual trust administration fee of up to 0.15%.
Front-end fee composition
O/O Expense Reimbursement$1.00M1.25%
Dealer Fee$0.80M1.00%
Total front-end sponsor compensation$5,993,710 3.95% of acq. cost
O/O Expense Reimbursement
$1,000,000
1.25%
Dealer Fee
$799,161
1.00%
Total Front-end Fees
$5,993,710
3.95%
Strengths
- Trust administration fee capped at 0.15% per annum of eligible interests
Concerns
- Selling commissions up to 5.0% payable to Dealer Manager
- Dealer fee and placement agent fee of $799,161 each