Elizabeth Forsyth
Thornton, CO (USA)
Role(s):
Associate/Staff
REsource Realty Network, Inc.
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Startup
Location:
Thornton
Industry:
Real Estate
Year Founded:
2008
Number Employees:
1-10 people
Description:
Our business model requires significant investment capital to cover the fixed costs for a short period of time while the pipelines are being built. We have already made formal arrangements with our bank to establish a secured line of credit large enough to enable us to operate efficiently for several months. Here is how it works: • Our investors provide us with a specific quantity of money. • All of that investor capital is invested with this bank in a Certificate of Deposit with a six month term. (totally secured) • At the end of that six month term, the established secured line of credit converts to a unsecured line of credit. • Upon conversion to an unsecured line of credit, the Certificate of Deposit is released and becomes 100% liquid. • At this time, the investor has three options: o Return of all capital with an annual rate of return of 8%. o Return of ½ of capital with an annual rate of return of 10%, the balance of the capital to be returned at the end of the twelfth month with an annual rate of return of 10%. o Return of all capital at the end of one year with an annual rate of return of 12%. Our stated goal is to be completely debt free inside of twelve months. While a minimum investment participation level is currently set at $10,000, our goal is to exceed $750,000.00 in total initial investment campaign.