FAQs
frequently asked questions
1. What is Commercial Real Estate Syndication?
Commercial real estate syndication is a method where multiple investors pool their resources to purchase and manage a commercial property that they couldn't afford individually.
2. How Do I Become an Accredited Investor?
An accredited investor is someone who meets specific income or net worth criteria set by the Securities and Exchange Commission (SEC). Typically, this involves having an annual income of $200,000 or a net worth of $1 million, excluding the value of one's primary residence.
3. What is a Sponsor?
A sponsor is the individual or company responsible for identifying, acquiring, and managing the commercial property. They act as the "team leader" in the syndication process.
4. What Types of Properties Do You Invest In?
We invest in Multi-family commercial real estate. We believe being specific with our asset class gives us the focus and experience needed to excel in our investments.
5. What is the Minimum Investment Required?
The minimum investment varies depending on the property and whether you are an accredited or non-accredited investor. Please contact us for specific details.
6. How Are Profits Distributed?
Profits, such as rental income or proceeds from the sale of the property, are distributed to investors based on their ownership share in the syndication. Distributions are sent out quarterly.
7. What Are the Risks Involved?
While all investments come with risks, we mitigate these through rigorous due diligence, conservative underwriting, specificity of asset class, and a focus on properties with high growth potential.
8. How Long is the Investment Period?
The investment period can vary but is generally between 3 to 5 years, depending on the property and the investment strategy.
9. Can Non-Accredited Investors Participate?
Yes, we offer investment opportunities tailored for both accredited and non-accredited investors.
10. What is Due Diligence?
Due diligence is the comprehensive appraisal and vetting process we undertake before acquiring a property to assess its commercial potential and risks.
11. How Do I Get Started?
You can get started by scheduling a 30-minute free consultation with our team to discuss current opportunities and potential collaborations.
12. Are There Any Management Fees?
Yes, there are management fees involved, which are outlined in the investment agreement for each syndication opportunity.
13. How Does Cross Corner Capital Align with Christian Values?
Our business is guided by Christian values of stewardship, integrity, and community, ensuring a faith-driven approach to all our operations.
14. How Can I Track My Investment?
Investors will have access to a secure online portal where they can track their investment performance, distributions, and other relevant information.
15. How Do I Exit My Investment?
Exiting your investment is typically done when the property is sold, or you can sell your share to another investor, subject to the terms of the investment agreement.