| Land
Transaction Approach
The Connaught Land Opportunity Fund provides a sensible
alternative in land financing and entitlement to many of the
prohibitive corporate structures that have been responsible for
non/underperforming deals. The Connaught Opportunity Fund has an
aggressive and nimble approach designed to assist both sellers in
finalizing the transaction and developers in creative financial
structuring and entitlements. The Fund's advantages to a seller are
as follows:
- Well Capitalized - The Connaught Real Estate Finance umbrella
company has raised a large pool of capital for real estate
transactions. Our ability to get capital for closing on land is not
predicated on selling houses in Chicago or other markets.
- Private, General Partnership Structure - Due to our private,
hedge-fund like structure, the Fund does not have to adhere to
public accounting guidelines, especially as it pertains to FIN46
rules. Additionally, our five (5) general partners are all located
in Chicago and will act quickly regarding transaction decisions.
- Flexible Terms/Approvals - The Fund can be flexible in regards
to earnest money and approval times in a contract to allow a seller
the comfort that a closing will occur.
- Flexible Entitlements - Because we are not linked to a specific
builder/developer, we will not be limited by product through the
entitlement process.
- Creative Purchaser Structure - In many cases, the land seller
would like to stay involved in the entitlement process as a joint
venture partner. The private structure again provides an avenue for
those partnerships to occur.
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