A plan for the economy.  A plan for now.  A plan for America. By Billy Procida William Procida Incorporated 456 Sylvan Ave...
<ul><li>“ A good plan today is better than a perfect plan tomorrow.”  </li></ul><ul><li>- General George S. Patton </li></ul>
The Objective <ul><li>Establish value </li></ul><ul><li>Do it fast, do it smart </li></ul><ul><li>Save who can be saved </...
Plan 100 <ul><li>100 Investment Managers </li></ul><ul><li>$100 Million Each Manager </li></ul><ul><li>100 Days to Deploy ...
100 Investment Managers <ul><li>Investment managers shall be identified and selected within 60 days pursuant to a Request ...
Schedule <ul><li>Government approval by March 1 st </li></ul><ul><li>Issue Request for Qualifications by March 2 nd </li><...
$100 Million to Each Fund Manager <ul><li>Will create $10 billion of immediate liquidity to market </li></ul><ul><li>Money...
Investments <ul><li>Permitted: Purchase of loans – performing and non Purchase of REO Origination of loans </li></ul><ul><...
100 Days to Deploy Capital <ul><li>All investment managers will be required to deploy capital within 100 days </li></ul><u...
100 Mile Investment Radius <ul><li>Provides for the taxpayers money to be invested locally and intelligently </li></ul><ul...
Organization Chart
Typical Overhead <ul><li>Position Cost Per Total </li></ul><ul><li>CIO (1) $200,000* $200,000 </li></ul><ul><li>Originator...
Conclusion <ul><li>Only Main Street can solve the issues of value and local confidence </li></ul><ul><li>The taxpayers are...
<ul><li>This plan was created by: </li></ul><ul><li>William Procida </li></ul><ul><li>www.procida.com </li></ul><ul><li>Fo...
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Plan 100

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Plan 100 is a viable stimulus for the economic crisis affecting our country. It centers around the idea that if taxpayer money is going to be used for a bailout, then it should be invested intelligently, with complete transparency, with local people and with respect to taxpayers as the investors they are.

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Plan 100

  1. 1. A plan for the economy. A plan for now. A plan for America. By Billy Procida William Procida Incorporated 456 Sylvan Ave. Englewood Cliffs, NJ 0732 201-871-1177
  2. 2. <ul><li>“ A good plan today is better than a perfect plan tomorrow.” </li></ul><ul><li>- General George S. Patton </li></ul>
  3. 3. The Objective <ul><li>Establish value </li></ul><ul><li>Do it fast, do it smart </li></ul><ul><li>Save who can be saved </li></ul><ul><li>Be responsive, intelligent and creative about those who cannot be saved </li></ul><ul><li>Learn from past mistakes </li></ul><ul><li>Control and monitor the process closely </li></ul><ul><li>Don’t lose the taxpayers’ money trying to fix things </li></ul><ul><li>Don’t let those who own loans unjustly profit </li></ul>
  4. 4. Plan 100 <ul><li>100 Investment Managers </li></ul><ul><li>$100 Million Each Manager </li></ul><ul><li>100 Days to Deploy Capital </li></ul><ul><li>100 Mile Investment Radius </li></ul>
  5. 5. 100 Investment Managers <ul><li>Investment managers shall be identified and selected within 60 days pursuant to a Request for Qualifications </li></ul><ul><li>Investment mangers’ criteria will be 10 years minimum experience in real estate - preferably in local market </li></ul><ul><li>Compensation to be standardized and incentive based 2% asset management fee, 25% of profits above a 5% annualized return </li></ul><ul><li>2 year investment period </li></ul>
  6. 6. Schedule <ul><li>Government approval by March 1 st </li></ul><ul><li>Issue Request for Qualifications by March 2 nd </li></ul><ul><li>Submissions by April 1 st </li></ul><ul><li>Engagements by May 1 st </li></ul><ul><li>Capital deployed from May 1 st through September </li></ul><ul><li>Oversight team to review and monitor investments throughout entire process </li></ul>
  7. 7. $100 Million to Each Fund Manager <ul><li>Will create $10 billion of immediate liquidity to market </li></ul><ul><li>Money will be used to either buy or create mortgages for all types of real estate </li></ul><ul><li>All money will be in separately managed accounts </li></ul><ul><li>Will stimulate other capital to get off the sidelines and participate in real estate </li></ul><ul><li>Should result in 10% to 20% returns to the taxpayer </li></ul><ul><li>Large banks benefit by getting liquidity, but at a fair price for the assets they sell </li></ul>
  8. 8. Investments <ul><li>Permitted: Purchase of loans – performing and non Purchase of REO Origination of loans </li></ul><ul><li>Non-Permitted: Purchase of assets/loans to or from affiliates Purchase of securities or bonds Purchase of stocks Purchase of companies </li></ul>
  9. 9. 100 Days to Deploy Capital <ul><li>All investment managers will be required to deploy capital within 100 days </li></ul><ul><li>Investment managers will continue to make investments for up to 2 years </li></ul><ul><li>Solves the problem by creating a specific time frame </li></ul><ul><li>Homeowners and business owners will benefit from the new capital being made available </li></ul>
  10. 10. 100 Mile Investment Radius <ul><li>Provides for the taxpayers money to be invested locally and intelligently </li></ul><ul><li>Enhances asset management since investment managers will be in close proximity to the assets they invest in and know their local vendors </li></ul><ul><li>Will create local jobs </li></ul><ul><li>Purchased loans will be more quickly and intelligently restructured </li></ul><ul><li>Radius may vary based on locale </li></ul>
  11. 11. Organization Chart
  12. 12. Typical Overhead <ul><li>Position Cost Per Total </li></ul><ul><li>CIO (1) $200,000* $200,000 </li></ul><ul><li>Originators (2) $100,000* $200,000 </li></ul><ul><li>Due Diligence/A.M. (2) $100,000* $200,000 </li></ul><ul><li>Finance Accounting (2) $100,000* $200,000 </li></ul><ul><li>Administrators (3) $67,000* $201,000 </li></ul><ul><li>Sub-Total $1,401,000 </li></ul><ul><li>Marketing $50,000 </li></ul><ul><li>Legal $250,000 </li></ul><ul><li>Accounting $100,000 </li></ul><ul><li>Insurance $50,000 </li></ul><ul><li>Total $2,000,000 </li></ul><ul><li>Asset Management fee (2% on 100 million) $2,000,000 </li></ul><ul><li>*Includes taxes to be withheld later. </li></ul>
  13. 13. Conclusion <ul><li>Only Main Street can solve the issues of value and local confidence </li></ul><ul><li>The taxpayers are entitled to a profit just like anyone else investing today </li></ul><ul><li>The taxpayers deserve accountability </li></ul><ul><li>Program can be easily expanded to 1,000 investment mangers and can be used with other asset classes </li></ul>
  14. 14. <ul><li>This plan was created by: </li></ul><ul><li>William Procida </li></ul><ul><li>www.procida.com </li></ul><ul><li>For more info on Plan 100, please visit www.plan100.org </li></ul>

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