Front-end compensation includes an Acquisition Fee of $2,896,742, Placement Agent Fee of $1,911,850, Dealer Fee of $1,448,371, and annual Asset Management Fee of $193,500.
Front-end fee composition
Acquisition Fee$2.90M2.50%
Loan Origination Fees$0.00M0.00%
Dealer Fee$1.45M1.25%
Total front-end sponsor compensation$9,733,053 10.06% of acq. cost
Acquisition Fee
$2,896,742
2.50%
Loan Origination Fees
$0
0.00%
Dealer Fee
$1,448,371
1.25%
Total Front-end Fees
$9,733,053
10.06%
Strengths
- Asset management fee capped at $193,500 annually
- 0.00% refinancing fee
Concerns
- Acquisition fee of $2,896,742 paid upfront to sponsor affiliates