21. Multiple References
a. PPM – SUMMARY OF THE OFFERING: LEVERAGING THE PORTFOLIO: Page [9]
b. PPM – LENDING STANDARDS AND POLICIES: Leveraging the Fund / Note Hypothecation: Page [20]
c. PPM – INCOME TAX CONSIDERATIONS: Taxable Mortgage Pool Rules: Page [46]
22. Multiple References
a. LPA - Section 5.5(e)(2)
b. PPM – SUMMARY OF THE OFFERING: LOAN ORIGINATOR AND SERVICER: Page [8]
c. PPM – GENERAL PARTNER’S COMPENSATION: LOAN SERVICING FEE: Page [22]
23. PPM – SUMMARY OF THE OFFERING: FUND ADMINISTRATION: Page [11]
24. Multiple References
a. LPA - Section 5.7(k)
b. PPM – GENERAL PARTNER’S COMPENSATION: OPERATING EXPENSES: Page [22]
25. Multiple References
a. LPA - Section 4.4(a)
b. PPM – SUMMARY OF THE OFFERING: PREFERRED RETURN: Page [9]
26. PPM – TERMS OF THE OFFERING: Preferred Return: Page [14]
27. PPM – TERMS OF THE OFFERING: Preferred Return: Page [14]
28. PPM – TERMS OF THE OFFERING: Subscription Agreements; Admission to the Fund: Page [12]
29. LPA - Section 3.2
30. Multiple References
a. LPA - Section 3.5
b. PPM – SUMMARY OF THE OFFERING: RETURN OF CAPITAL: Page [9]
31. PPM – SUMMARY OF THE OFFERING: LOSS RESERVE; FIRST LOSS PROVISION: Page [9&10]
32. Multiple References
a. LPA - Section 4.4(b)
b. PPM – GENERAL PARTNER’S COMPENSATION: PROFIT PARTICIPATION: Page [21]
33. PPM – SUMMARY OF THE OFFERING: LOSS RESERVE; FIRST LOSS PROVISION: Page [9&10]
34. PPM – SUMMARY OF THE OFFERING: THE FUND AND ITS OBJECTIVES: Page [7]
35. PPM – TAX CONSIDERATIONS: Pages [43 – 54]
36. PPM – ERISA CONSIDERATIONS: Page [53&54]
*PPM = Private Placement Memorandum also known as a private offering document and confidential offering memorandum, is a securities disclosure document used in a private offering of securities by a private placement issuer or an investment fund (collectively, the “Issuer”).
*LPA = After combining their financial resources, the venture capital company and investors sign a limited partnership agreement (LPA), which creates a limited partnership (LP). In a limited partnership (LP), there are two different types of shareholders. They are Limited partners and General partners.
