Frequently Asked Questions

How many Lender Club units are available?

Each project is different. The number of available units will be vary depending on the acquisition price, development, construction or rehab and carrying costs. However, you will know this well in advance of making a project available.

How is my money used?

For the “Lenders’ Club”, the monies are loaned to the project, same as a bank, for any or all phases including the acquisition and closing of the land or property, its development, construction or renovation and sale.

On the Project side, each project is formed as its own LLC, which is established for the sole purpose of the Project’s investors. Once all the project investors have received their capitol and profits the LLC is then dissolved at the conclusion of the project.

Who holds the money until enough units are contributed to initiate a transaction?

Each Preferred Member's monies (capital contribution) are put into a secured escrow account, with receipt provided by the tile company, until sufficient monies have accumulated to initiate a targeted project.

Where do I send my money?

Either wire or mail a certified bank check to the title company's Trust account for The Soaring Eagle's Nest "Bank Concept" to:

Mail in Instructions:

Make checks payable to: Soaring Eagle' Nest “Bank Concept” (property name: _________)

c/o Stewart Title Services Escrow Trust Account

Attention of: _______________________, Trust Account Manager

Address: To be furnished with “closing” docs

Greenwood Village, Colorado 80112

Telephone Number: To be furnished with “closing” docs

Wire transfer Instructions :

Your money will be sent c/o Kim von Hoffman by wire transfer:

Account Name: Stewart Title Services Escrow Trust Account, for the further reference of

The Soaring Eagle's Nest “Bank Concept”: (Project Name:_________________)

Attention: __(to be furnished in “closing docs”__, Escrow Manager

Bank Name: JPMorgan Chase

ABA #: to be furnished with “closing docs”

Account name: to be furnished with “closing docs”

Account #: to be supplied at time of wire transfer

How is my money taxed?

The profit is taxed as ordinary income, however as a member of the LLC you get to write off your pro-rata share of expenses. Your actual tax exposure, if any, is quite minimal.

How am I protected as a Preferred Member?

You become a partner in the LLC, whose corporate documents specifically state that the Preferred Members position are lien holders to that particular project's real estate.

How safe is my investment?

Just like a mortgage company, or bank, your investment is secured with a lien placed on the real estate. It is protected by the surrounding real estate values.

How does the project make money?

Each project is selected in a thoroughly researched niche market for the type of product, the demographic description of the buyer and the market strength for the sale price.

The Lenders Club mortgage is considered by the project as the normal cost of money and is paid off first.

The net profit to the investors of the developer-builder is calculated well in advance of the purchase of the property and is usually within 3% of the projection. Consequently, we are extremely careful with project selection, and turn around time, in order to assure ourselves a profit.

How do I know the Founders won't take my money and disappear?

We have included a Principal credential section for your review. It is the responsibility of each participant (lender) to investigate those credentials prior to becoming a Preferred Member in the Lenders Club.

Do you as the project management, target any particular areas?

Yes. As niche market developer-builders, we target many areas around the country, where the demand is high within any given price point for the product built, and the “exit” (the end sale) is easily compared to any other market in the same location or area.

Do I get to choose which project to invest in?

While this seems like a reasonable request, mortgage institutions do not consult their depositors on which property, or borrower to lend to. Once the company background has been accepted, the Preferred Members of the Lender Club have to put their trust in the company ' s ability to do its job.

What is the maximum number of Preferred Member units I can purchase?

The total number is unlimited, however we do place restrictions on any one project. Depending on the number of Preferred Members needed for any one project, that might be as few as one unit, or as many as 12.

How do I get started?

Call us and we will arrange for you to speak with one of our representatives, who will become your personal representative. They will ask a number of questions designed to determine the number of units that best suits your current and future situation. Once they have your commitment, the necessary forms will be mailed to you. As soon as your funds have been accounted for, you will immediately be placed in the next available Lenders Club LLC.

What if you don't get the project that is mentioned in the summary?

While we don't believe this will be the case, we are “worst case” planners and deal at that level all the time. There are several back-up projects available to the company if all efforts fail to secure the targeted project.

What is the minimum and maximum number of Preferred Member units I can purchase?

The minimum number is one (1), and the maximum number is limited under certain circumstances to twelve (12) to any single individual or entity.

What is the risk involved in the investment?

Every project has inherent risk.

However, when investors buy stocks, surgeons perform operations, engineers design bridges, entrepreneurs launch new businesses, astronauts explore the heavens, and politicians run for office, risk is their inescapable partner. Yet their actions reveal that risk today need not be feared because managing risk has become synonymous with challenge and opportunity.

You realize this to be absolutely true as you read through the challenges of the Serenity Point project and embrace the manner in which the core management team, seasoned and successful veterans of managing risk, have turned crises into opportunity to the extent that its primary goals are more readily and realistically achievable.

Sounds too good to be true...

Credibility is always an issue when investing in a new concept.

This opportunity sounds so enticing because it is ... and ... because the Founders have spent an enormous amount of time and effort planning their “grassroots” Program ... to last.

They appreciate the fact that if they do a really good job on each and every project, word of mouth will sell their product, and the same applies to investors, i.e., they are more likely to become long-term partners in the “the Bank Concept” which directly supports the real estate goals of the Ensign Program. This is their objective: to keep you interested in investing in them and their opportunities ... over and over again.

As a consequence, the Founders have gone well beyond the norm to anticipate the problems that occur in the pursuit of projects and to provide effective measures to neutralize them.

Further, the Founders paid a great deal of attention to incentivizing their "Preferred" members, as well as to protect their interests. The result of these efforts is that you are reading about a new approach, a new concept, regarding the treatment of investors who are willing to invest in a new concept.

It is the Founders philosophy to treat you in the same manner as they design and build their product ... to last. In your entire life, where else and how many other times, have you seen this concept actualized?