Sponsor and distribution compensation includes an upfront sales load of up to 6.0% of invested equity and an organizational and offering expense reimbursement of $250,000.
Front-end fee composition
O/O Expense Reimbursement$0.25M0.21%
Total front-end sponsor compensation$250,000 0.23% of acq. cost
O/O Expense Reimbursement
$250,000
0.21%
Total Front-end Fees
$250,000
0.23%
Strengths
- Clear disclosure of upfront sales load and $250,000 O/O expense reimbursement
Concerns
- Upfront 6.0% sales load reduces invested net capital base