1) Do you think it will be difficult to get financing for properties with a tokenized structure?
2) If financing is not an issue, how much leverage do you intend to use and will properties be cross-collateralized at all? For instance, let's say within the Opportunity Fund I invest in Property A, but not Property B. If Property B defaults on its loan, will the lender have Property A as additional collateral?
3) I see that there's no hard cap. I understand the benefits of having more capital available to invest. However, 10% is supposed to go to Operational Expenses.
I wouldn't expect all costs to go up linearly as a percentage of capital raised. So, let's say you raise much more than actually necessary to operate the fund and you don't really need the full 10%. What happens to the extra operating capital? Does it go to the team, back to acquisition capital, or is it reserved somehow?
Also, even though I agree raising more capital is better, there's still only a limited amount of money you can invest. How much equity do you expect you can reasonably invest per year?
I know it may be too late for this, but I think it would be better if you only raised enough for 1-3 years worth of acquisitions, but allow yourself the ability to mint/sell more tokens in the future. Some people are just automatically turned off when they see you don't have a cap and don't bother to look further into the business.
4) Is there a Limited Partnership Agreement (or something similar) that can be reviewed?
Hey Panorama,
here are my answers pasted out of our Telegram Group (https://t.me/joinchat/GamJOhGAwjDk)
Regarding your question about financing:Not at all since we are public limited company under german law which is established since 2015.
Regarding the cross-collateralization:
First of all there is no need for that since it is not 2008 and the properties are not overrated as such. Furthermore we are going to use leverage but if everything is properly managed there is a very slim chance of a loan defaulting.
Regarding your question about the Operational Fund,
those 10% are also used to fund and develop the platform, the more equity we have available the faster we can grow into more markets ( since we need to establish companies in other jurisdictions to properly do that) also every launch of something new requires marketing (Apple is advetising its Iphone X on every bus stop from here to bejing for a reason). So with a bigger budget we will foster growth. Obviously if we receive more than we need it will be reserved.
There will be a monthly audit of all the costs published by our trustee.
Regarding the company formation
https://realisto.io/files/documents/Handelsregisterauszug.pdf
(please keep in mind it is in German)