How Do I Join The "Bank Concept"™?

"Lending" Guide

You decide to contribute your money to your Club so the Club can “loan” it to a project; then you contact us to get your questions answered;

We send you all the appropriate material and documents; You decide to “loan” some specific number, one or more, of Preferred Member “units” for $12,500 each;

You receive the specific Loan and sign up documents; Read and review the sign up documents and all the information of the property (project) with your professional advisors ;

You return these documents to the Principal along with your check or wired funds for each of the $12,500 Preferred Member “units” you decided upon.

Your money is deposited into an escrow account at the Title Company; You begin earning your 12% interest after a 3-day rescission period. During this 3-day period, if you change you mind, your money will be promptly returned upon written request.

After the deposit is confirmed, the 3-day rescission period is past, and the project purchase is closed, you will receive periodic status and progress reports on the property.

Example: Income analysis

Pro Rata	LLC	Investment	Preferred
# Units	Ownership	Preferred Member	Return @ 12%
1	16.66%	$12,500.00	$1,500.00
2	33.32%	$25,000.00	$3,000.00
6	100.0%	$75,000.00	$9,000.00

Explanation:

If there are 6 of a total of 6 “Preferred Member” interests (“units”) in the Club which equal 100% of the LLC ownership in a project, then, one (1) “Preferred Member” interest capital contribution is $12,500 and represents 1/6, or 16.66%, ownership of the LLC, i.e., the Club. The 6 “Preferred Member” interests (“units”) equal an aggregate capitalization of $ 75,000. For a one-year project transaction, a single unit owned by a “Preferred Member” receives 12% simple interest per annum on his capital contribution (loan).

Example: A “Club Lender” with 2 “Preferred Member” interests ($25,000 loan) receives his loan principal within 12 months and one day. Then, he receives his “preferred” interest on his loan, i.e., 12% x 12 months x $25,000 equals (=) $3,000.00.