Sponsor compensation includes an 11% front-end load ($5,656,420), a 5% gross revenue property management fee, a $12,000 annual asset management fee, and a 4% disposition fee.
Front-end fee composition
Loan Origination Fees$0.00M0.00%
Dealer Fee$0.77M1.50%
Wholesaling Fee$0.77M1.50%
Total front-end sponsor compensation$5,656,420 4.53% of acq. cost
Loan Origination Fees
$0
0.00%
Dealer Fee
$771,330
1.50%
Wholesaling Fee
$771,330
1.50%
Total Front-end Fees
$5,656,420
4.53%
Strengths
- Asset management fee is low at $12,000 per year
Concerns
- Disposition fee is high at 4%
- Property management fee is 5% of gross revenues