Front-end load items include a $774,000 dealer fee, $890,100 placement agent fee, $774,000 BD marketing allowance, and $387,000 BD due diligence allowance, totaling $5,921,100 in offering expenses.
Front-end fee composition
Dealer Fee$0.77M1.00%
Total front-end sponsor compensation$5,921,100 4.24% of acq. cost
Dealer Fee
$774,000
1.00%
Total Front-end Fees
$5,921,100
4.24%
Strengths
- Clearly itemized broker-dealer and placement fee schedule
Concerns
- Total front-end syndication fees aggregate to $5,921,100
- Selling commissions are not explicitly broken out in the excerpts