FUND KICKOFF

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• REVIEW

  • Documents and agreements

• CLARIFY

  • Legal structure

  • Organizational structure

  • Points of contact

  • Controls and delegation of authority

  • AP approval policies

  • Equity funding process

• ACCOUNTING SYSTEM SETUP

  • Accounting entities

  • AP approval workflow

  • Investors

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INVESTOR RELATIONS SUPPORT

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• KYC/AML BACKGROUND CHECKS

• INVESTOR PORTAL MANAGEMENT

• INVESTOR INQUIRY RESPONSES

• DISTRIBUTE AND/OR UPLOAD INVESTOR REPORTING

  • Contribution and distribution activity

  • Monthly/quarterly/annual financial reports

  • K-1s or 1099s

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CAPITAL CALLS & DISTRIBUTIONS

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• LENDER DRAW REQUESTS

  • Preparation

  • Submission

  • Coordination

• INVESTOR FUNDING REQUESTS

  • Calculation funding by Investor

  • Preparation

  • Dissemination

• DISTRIBUTIONS

  • Waterfall calculation

  • Coordinate approval & payment

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TREASURY ADMINISTRATION

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• CASH

  • Daily cash balance tracking

  • Reconciliations

    • Cash

    • Loans

    • Escrows, reserves, hold-backs, & deposits

• WIRE & ELECTRONIC PAYMENT COORDINATION

ACCOUNTING & REPORTING

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• RECORDS MAINTENANCE

  • Institutional quality

  • Audit ready

  • GAAP or tax basis

• INVESTOR ACCOUNT MAINTENANCE

  • Separate tracking for each investor of:

    • Contributions

    • Distributions

    • Preferred return

    • Income allocations

• ACQUISITION ACCOUNTING

  • Record closing statement

  • Coordinate purchase price allocation, cost segregation, or other valuation requirements

• PROPERTY LEVEL ACCOUNTING

  • Comprehensive property level accounting, including:

    • Lease abstracts

    • AR and billing

    • Tenant ledgers

    • Deposit tracking

    • Rent rolls

  • AP Processing

    • Coding

    • Approval

    • Payment issuance

  • Sales/Cost of Sales

    • Purchaser deposit tracking

    • Record sales closing statement

    • Calculate and record cost of sales

  • Fees

    • Calculation

    • Payment/billing coordination

  • Income Allocation

    • Waterfall design and calculation

• REPORTING

  • For lenders, & investors

  • Complex, multi-tier consolidations

  • Standard reporting

    • Balance sheet

    • Income statement

    • Statement of equity

    • Statement of cash flows

    • Financial covenant compliance analysis

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COMPLIANCE

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• CASH

  • Daily cash balance tracking

  • Reconciliations

    • Cash

    • Loans

    • Escrows, reserves, hold-backs, & deposits

• WIRE & ELECTRONIC PAYMENT COORDINATION

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