1. Love Apartments Family Investment Network
Data as of 1/27/2016
Summary
Company Contact Privacy & Confidentiality
Love Apartments Family Investment Network
1431 Ventura Blvd #216
Sherman Oaks, CA 91423, United States
privatefundsource.com
Rayna P. Mike 818 949 8424
Ernest Egan
415 816 4200
rayna.businessloans@gmail.com
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BUSINESS SUMMARY
Love Apartments Family Investment Network (referred to from hereon as the "Company") was established with the expectation of rapid expansion in
the multi unit apartment commercial real estate industry. Our Company has a combined 37 years of experience in the real estate industry ranging
from mortgage banking, private lending, real estate brokerage, business development, business management, property development, commercial
development, acquisitions, dispositions, private equity development, partnerships, joint venture development, asset management, property
management, financial planning, credit restoration and real estate consulting services. Short Term Goals Our Company short term goals are to
successfully align with our equity partners and personal assets to capitalize on opportunities created by the current recession to own stabilized multi
family properties in premier locations. The goal is to generate strong short term cash flow as well as long term wealth potential. Long Term Goals
Our Company long term goals are to thrive and evolve in the multi family marketplace while continuing to provide high quality multi family
acquisitions for ongoing wealth growth of our partners and ourselves while maintaining honesty and integrity and a strong track record that will
continue to establish our company as a consistently strong successful Company in the multi family market place. In addition we also aspire to create
several vehicles to contribute to veterans, special needs children and adults, under privileged children, affordable elderly housing and to continue to
provide adequate housing for all. Business Mission Our mission is to provide best in class capital preservation and growth opportunities with high
cash flowing yields via superior acquisitions, asset management, and ownership of competitive multi family communities in emerging U.S. markets
through value add and repositioning opportunities. We strive for Excellence.
Age of Enterprise (years) 1
Legal Structure Limited Liability Company
Historical Financial Records Incomplete
Financial Projections Complete
Market Assessment Complete
Competitive Assessment Complete
Business Plan Complete
MILESTONES
MonthYearMilestone
Dec 2015
Incorporation was established, market research was done extensively internally, externally, and with help of the top producing real
estate sales agent in the target market. Two contracts were acquired totaling $2m in acquisitions worth $2.5m after repositioning and
value add $3.5m . A team was developed for the target area with the premier property management company operating from a 24 hr
software platform to have 24/7 visibility on each property and the property management. Security team was established and developed
for our properties. Branding was developed and began integration.
Dec 2016
We plan to acquire 1,000 high yield passive cash flow multi family units in highly emerging markets of Cincinnati Oh. and Memphis Tn.
for capital preservation and wealth building for our qualified investors. We seek like minded individuals that wish to create a secure cash
flow stream in the multi family apartment sector while providing exceptional residences for our clients. We plan to offer a turnkey
process for passive investors or business professionals (ie. doctors, lawyers, accountants, dentists, high tech, etc.) to reach their
passive cash flow goals at a a double digit return.
Model
BUSINESS MODEL
Our Company came together with complimenting contributing skill sets and like minded goal of capitalizing on a nationwide demand for multi family
opportunities in appreciating markets with prices well below replacement costs in emerging markets nationwide providing an opportunity of
leveraging equity funds and personal capital to take advantage of an unprecedented market to acquire and hold high yield passive cash flow and
capture long term appreciation for our equity partners and ourselves. Typical investors participation is normally 3-5 years however we can replace
3. Commercial
Lending
Property
Investment &
Management
1998
on the market such as investors loans at high
loan to values and ZERO percent credit lines
to qualified investors. More products worth
mentioning is investors loans based on
business or personal bank statements and
stated income. Our superior knowledge and
outstanding customer service has allowed us
to excel in this filed with a proven track record
and ability to thrive in each real estate and
lending cycle. We offer a complete plethora of
services to accelerate every investors
business plan. From credit enhancement to
business coaching in the commercial or
residential arena.
Commercial and residential lending,
institutional and private money, deal
structuring , ZERO percent credit
lines , deal coaching, fundamentals
coaching, credit enhancement
services, acquisition of commercial
real estate namely apartments in
emerging markets, syndication of
investments.
Direct Sales 2,500
Intellectual Property
PORTFOLIO
Status U.S. Patents International Patents Trademarks Copyrights
Pending 0 0 0 0
Granted 0 0 0 0
Enterprise's Planned Protection of Future Intellectual Property:
Markets
Apartment Acquisitions and Financial Services
Market
Year Of
Introduction
General Market Description Drivers for Adoption Barriers to Adoption
Memphis,
Tennessee
2015
Historically Memphis, Tn. has been a blue collar
renters market with over 60% of population being
renters. In the past 5 years Memphis has
experienced characteristics of a highly emerging
market. Many multi national companies such as
Nike, Bass Pro Shops, Smuckers, Cummins, Coca
Cola, UPS, USPS, and Fed Ex have either opened
new facilities or expanded their existing facilities to
3-4 daily shifts of operations. For example Nike has
expanded the largest distribution center and their
warehouse to 2 million square feet. It has also
expanded its workforce from 600 employees to
2,400 employees in 4 shifts for 24 hr operational
facilities. In addition the tech sector has added
1,000's of jobs to accommodate the logistics support
for Memphis which is known to be the largest
distribution center for the mid west, south and east
coast. See more info at
www.memphisbusinessjournal.com
Memphis 's job growth continues
momentum with the large primarily
low and middle income workforce
constantly fueling the apartment
rental market. Baby boomers are
also scaling down and entering the
rental market. In the U.S. the baby
boomer generation represents 76
million people. Generation Y, the
echo boom of the baby boom, born
from 1977-2001 is also improving
the rental demand with 80 million in
population of which over 60% are
choosing to rent over home
ownership. Rents are modestly
increasing and gaining momentum
and occupancy rates are improving
and already at 93.8%.
Memphis has a low barrier to
market adoption as rapidly
improving apartment occupancy
are being fueled by new job
growth, a lack of residential single
family development, and very little
new apartment construction.
Memphis is a unique city in terms
of its diversified economy which
helps to avoid past pitfalls of
boom or bust economy. The
leading industries are wide and
diverse including Logistics,
Warehousing, Bio Medical,
Overnight delivery, Agriculture
and a strong Financial Sector.
This diversification clearly shows
an amazing opportunity for the
savy real estate investor
Nationwide2015
Nationwide commercial debt finance of all asset
types, apartments, hotels, motels, commercial
construction, shopping centers small to medium
balance and some large commercial projects in
markets across the country, primary, secondary and
thirtiary markets. Gapping the bridge where small
commercial banks say no, we say yes. We
specialize in commercial construction projects in US
and Canada. We work with many commercial broker
networks and directly with investors.
We plan to develop our own
apartment projects as construction
finance would be offered internally
by our commercial lending
operation.
Market barriers to market adoption
would be lack of inventory, high
real estate prices, pay raises
inadequate to housing prices.
4.
Commercial Lending
Market
Year Of
Introduction
General Market Description Drivers for Adoption
Barriers to
Adoption
Nationwide1998
Nationwide commercial debt finance of all asset types, apartments, hotels,
motels, commercial construction, shopping centers small to medium balance
and some large commercial projects in markets across the country, primary,
secondary and thirtiary markets. Gapping the bridge where small commercial
banks say no, we say yes. We specialize in commercial construction projects in
US and Canada. We work with many commercial broker networks and directly
with investors.
We plan to develop
our own apartment
projects as
construction finance
would be offered
internally by our
commercial lending
operation.
Market barriers to
market adoption
would be lack of
inventory, high real
estate prices, pay
raises inadequate to
housing prices.
MARKET SIZE
(in thousands)
Fiscal Year 2013 2014 2015 2016 2017 2018 2019 2020
Apartment Acquisitions and Financial Services:
Memphis, Tennessee $253,440 $316,800 $396,000 $495,000 $618,750 $773,438 $966,797 $1,208,496
Nationwide $301,339,286 $337,500,000 $378,000,000 $423,360,000 $474,163,200 $531,062,784 $594,790,318 $666,165,156
Total$301,592,726 $337,816,800 $378,396,000 $423,855,000 $474,781,950 $531,836,222 $595,757,115 $667,373,652
Commercial Lending :
Nationwide $301,339,286 $337,500,000 $378,000,000 $423,360,000 $474,163,200 $531,062,784 $594,790,318 $666,165,156
Total$301,339,286 $337,500,000 $378,000,000 $423,360,000 $474,163,200 $531,062,784 $594,790,318 $666,165,156
Market Source of Market Estimates
Memphis, Tennessee Internal Research, External Industry Research, External Academic Research, Paid Consultant Research
Nationwide Internal Research, External Industry Research, Paid Consultant Research
5.
MARKET DEVELOPMENT STRATEGY
Marketing Plan: Our company has been marketed through our internal network of individual investors, word of mouth, social media, and online
through google adware among various other online software and online marketing platforms. As we continue our growth, marketing to raise capital
for investments has already been a major focus and we our developing our brand within new websites, landing pages, and software such as
infusionsoft to funnel our marketing campaigns, automated mailing systems, broadcasting opportunities, and maintain organization of our growing
contacts network. Through ongoing marketing we will continue to expand landing page platforms, online real estate networks, meet up groups, our
own organization of meet ups, philanthropy, charitable organizations, online marketing , and especially grow our social media presence. We
primarily wish to grow organically within and establish a network of like minded individuals that through our financial resources and high yielding
investments will be able to provide our own circle of investors as our core group of first go to investors before we offer our apartment investment
opportunities to the general population. In order to further achieve successful marketing by radio and publications in both English and Spanish. We
also will be presenting opportunities in person at various events in the United States, Indonesia, Bulgaria, Russia, Germany, and Italy of which our
managers are fluent in all these languages. We also expect to be marketing to the Chinese market as we have been asked to go to China by a
Chinese speaking investor to speak to Chinese investors and expect this will become a large sector of our investment capital. We are a boutique
family investment company and we strive to maintain a humble professional approach in our marketing but hope to individually meet all of our
investors and clients in person to secure the relationships with a good old fashioned handshake or hug whenever possible.
Sales Plan: Our company sales plan will be primarily on a property by property basis. The general hold term for an Apartment Investment will be
contractually 3-5 years however investors will be able to be replaced on an as requested basis. In most cases the senior partners will likely buy out
any investors wishing to leave the investment after 3-5 years or sooner as the senior partners goals are to acquire a large portfolio of high yielding
passive income producing investments for generational wealth. When sales are necessary our company will first offer the opportunity to our own
inner circle of investors. If the investments are not purchased from within then they will be sold through top producing brokers and agents in each
market place. Our financial products will be sold organically through all our marketing and investment opportunities in addition to their own online ,
social media, and existing platforms. Although the financial products are not our primary focus they are a normal part of almost all our transactions
and will be offered as a part of our turnkey apartment investing process for passive and active investors. Our financial products as a part of turn key
investment opportunities are at the most competitive rates in the industry due to our long standing successful relationships with the top conventional
commercial lenders nationwide in the industry and our inner network of private equity investors through past transactions and history. We strive to
make all our sales an easy professional seamless experience that produce a win win scenario for all parties involved. Our sales plan will include the
top producing team of individuals for whatever aspect of sales we are attempting to achieve. Customer service, honesty, integrity, professionalism,
and excellence will be our status quo for all sales for whatever part of our companies sales we are involved in.
Competition
Apartment Acquisitions and Financial Services
CompetitorMarkets
Name of
Product/Service
Competitor Description
In State
Investor
Memphis,
Tennessee
Apartments
Acquisitions/
Private Equity
Fund
Our primary competitor is private equity funds, private mom and pop investors, and family offices local to
Tennessee. Private equity funds primarily make profits for themselves or charge an exhorbitant amount to
their clients. Mom and pop investors generally lack sophisticated knowledge and financials to be very
competitive in this marketplace. Family Offices primarily focus on A class apts.
Out of State
Investor
Memphis,
Tennessee
Apartment
Acquisitions/
Investors
The average out of state investor has limited exposure and penetration to the target market professionals
and real statistics. Furthermore they also lack an on the ground team and often times are misled by
landlords or property management companies that offer sub standard services to both the investor and the
investment property. Some out of state investors are family offices or equity funds.
Unpenetrated - The portion of the total market revenue opportunity that is not penetrated (i.e., captured) by the enterprise or any other competitor.
Commercial Lending
6.
CompetitorMarkets
Name of
Product/Service
Competitor Description
All Banks,
Private
Funds
NationwideDebt Financing
All competitors banks, private funds, brokers and alike have more stringent lending guidelines and many
times leave the borrowers with low loan to values funding options and in addition they have high rates and
unfavorable terms. They also have quite substandard customer service and no alternatives to conventional
lending, No offerings of stated income commercial loans after 2008.
Unpenetrated - The portion of the total market revenue opportunity that is not penetrated (i.e., captured) by the enterprise or any other competitor.
COMPETITIVE PROTECTION STRATEGY
Strategy: Our company's strategy to protect against the competition is to offer a turn key apartment investment process from start to finish within
our personal network of the highest level professionals in our field. We start from due diligence, research development, contract development,
contract negotiations, 401k facilitators, syndication attorneys, appraisals, title companies, escrow companies, real estate attorneys, CPA tax
services, property inspections, contractor's estimates, environmental studies, private commercial lending, institutional lending, 0% unsecured no
collateral no income verification lines of credit to our qualified investors between $100k-$300k, acquisitions, property management, security,
accounting, asset management, and dispositions. All of our services are at the most competitive rates and within our circle of network with long
established well proven top level professionals at every level of the real estate team that adhere to the highest level of professionalism. Through our
turn key investments an accredited or sophisticated investor can truly be a passive part of a high yielding fully transparent and fully disclosed
investment while we mitigate all the risk through our team of experts. We only work with property management companies that offer 24/7 software
for complete managerial supervision of all of our apartment property investments at anytime of any day. We strive to offer all of these service while
maintaining the highest level of integrity, transparency, and professionalism that make the whole process easy and enjoyable. The process can be
as simple as 1. Review real estate investment package documents. 2. Do your due diligence. 3. Sign the contractual Operating Agreement with the
terms. 4. Wire necessary funds for the investments you have chosen to either an escrow account or our closing attorney depending on state. 5.
Collect your monthly return checks. We can secure returns much higher than banks, 401k's, IRA's, etc.
Management
EXISTING MANAGEMENT
Position Name Employed Age Undergraduate Discipline Graduate Discipline
President Executive Officer Rayna P. Mike Full-Time 48 Business: Marketing/Logistics Business: Accounting/Finance
7. Position Name Biographical Information Special Skills
President
Executive
Officer
Rayna
P.
Mike
Rayna P. Mike has 23 years of experience in the real estate
industry ranging from mortgage banking, private lending, real
estate brokerage, business development, business management,
property development, commercial development, acquisitions,
dispositions, private equity development, partnerships, joint
venture development, asset management, property management,
and real estate consulting services. Accolades include Who's who
in Finance 1998-2006, Republican Woman of the Year 2004-
2006, Who's who in Real Estate 1998-2006, Met Life
Achievement Award, Licensed California Broker/Owner. An MBA
in Finance and Marketing. Our Companies have acquired and
successfully disposed of millions of dollars of residential and
commercial real estate. Successfully created millions of dollars of
partnerships and joint ventures in real estate. We continue to
provide professional top level service with highly specialized
knowledge and a top rated team of professionals in all areas of
real estate.
Rayna is prepared to execute the following services to the
market: acquisitions, asset management, and dispositions.
Rayna is also prepared to offer commercial and residential
lending. We are a privately held Company focused on stable
income producing multi family opportunities in emerging U.S.
markets. We target high yield passive cash flow and long term
capital appreciation through strategic acquisitions and superior
asset management. Our offerings include comprehensive
packages including debt financing at best conventional terms.
We are syndicating projects looking for credit sponsors and
qualified sophisticated and accredited investors. Don’t think you
have cash liquid? Privatefundsource.com offers 0% unsecured
lines of credit from $100-$300k for you to invest in your business
of real estate all you need is minimum 680 credit score, no
collateral, no income verification. Rayna can fund where others
can’t since her funds are private not always conventional bank
funds.
ANTICIPATED MANAGEMENT
Financial
FINANCIAL CHARTS
Black lines represent historical values provided by the enterprise. Blue lines represent values projected by the enterprise.
9. Black lines represent historical values provided by the enterprise. Blue or other colored lines represent projected values provided by the enterprise.
INCOME & CASH FLOW (nominal)
Fiscal Year 2013 2014 2015 2016 2017 2018 2019 2020
Revenue:
Apartment Acquisitions and Financial Services $0 $0 $0 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $15,000,000
Commercial Lending $0 $0 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,500,000
Other $0 $0 $0 $0 $0 $0 $0 $0
Total $0 $0 $400,000 $4,600,000 $6,800,000 $9,000,000 $11,200,000 $16,500,000
Number of Units:
Apartment Acquisitions and Financial Services 0 0 0 15 20 25 30 35
Number of Customers:
Commercial Lending 0 0 70 100 150 200 250 300
Average Revenue per Unit:
Apartment Acquisitions and Financial Services $0 $0 $0 $266,667 $300,000 $320,000 $333,333 $428,571
Average Revenue per Customer:
Commercial Lending $0 $0 $5,714 $6,000 $5,333 $5,000 $4,800 $5,000
Cost of Revenue:
Apartment Acquisitions and Financial Services $0 $0 $80,000 $120,000 $160,000 $200,000 $240,000 $300,000
Commercial Lending $0 $0 $20,000 $30,000 $40,000 $50,000 $60,000 $75,000
Other $0 $0 $0 $0 $0 $0 $0 $0
Total $0 $0 $100,000 $150,000 $200,000 $250,000 $300,000 $375,000
Gross Profit:
Apartment Acquisitions and Financial Services $0 $0 ($80,000) $3,880,000 $5,840,000 $7,800,000 $9,760,000 $14,700,000
Commercial Lending $0 $0 $380,000 $570,000 $760,000 $950,000 $1,140,000 $1,425,000
Other $0 $0 $0 $0 $0 $0 $0 $0
Total $0 $0 $300,000 $4,450,000 $6,600,000 $8,750,000 $10,900,000 $16,125,000
Operating Expenses:
Sales & Marketing $0 $0 $20,000 $30,000 $40,000 $50,000 $60,000 $75,000
General & Administrative $0 $0 $20,000 $30,000 $40,000 $50,000 $60,000 $75,000
Research & Development $0 $0 $40,000 $60,000 $80,000 $100,000 $120,000 $150,000
Depreciation & Amortization $0 $0 $60,000 $90,000 $120,000 $150,000 $180,000 $225,000
Total $0 $0 $140,000 $210,000 $280,000 $350,000 $420,000 $525,000
Operating Income $0 $0 $160,000 $4,240,000 $6,320,000 $8,400,000 $10,480,000 $15,600,000
Other Income $0 $0 $0 $0 $0 $0 $0 $0
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0
Income Tax / Member Tax Payout $0 $0 $120,000 $180,000 $240,000 $300,000 $360,000 $450,000
Net Income $0 $0 $40,000 $4,060,000 $6,080,000 $8,100,000 $10,120,000 $15,150,000
Cash Flows:
Net Change in Working Capital $0 $0 $0 $0 $0 $0 $0 $0
Operating Cash Flow $0 $0 $100,000 $4,150,000 $6,200,000 $8,250,000 $10,300,000 $15,375,000
Capital Expenditures $0 $0 $0 $250,000 $300,000 $350,000 $400,000 $500,000
Free Cash Flow $0 $0 $100,000 $3,900,000 $5,900,000 $7,900,000 $9,900,000 $14,875,000
Capitalization:
New Equity Investment $0 $0 $0 $1,500,000 $3,000,000 $6,000,000 $12,000 $24,000,000
Grant Capital $0 $0 $0 $0 $0 $0 $0 $0
New Debt Borrowing $0 $0 $0 $2,500,000 $5,000,000 $10,000,000 $20,000,000 $40,000,000
Debt Principal Repayments $0 $0 $0 $217,368 $397,236 $756,960 $1,476,421 $2,915,343
Total Net Capitalization $0 $0 $0 $3,782,632 $7,602,764 $15,243,040 $18,535,579 $61,084,657
Cash Liquidity Balance $0 $7,682,632 $21,185,396 $44,328,436 $72,764,015 $148,723,672
INCOME & CASH FLOW (relative)
Fiscal Year 2013 2014 2015 2016 2017 2018 2019 2020
Market Share:
Apartment Acquisitions and Financial Services 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
Commercial Lending 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
10. Annual Growth Rate in Revenue:
Apartment Acquisitions and Financial Services 0.0 % 0.0 % 0.0 % 0.0 % 50.0 % 33.3 % 25.0 % 50.0 %
Commercial Lending 0.0 % 0.0 % 0.0 % 50.0 % 33.3 % 25.0 % 20.0 % 25.0 %
Other 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 %
Total 0.0 % 0.0 % 0.0 % 1,050.0 % 47.8 % 32.4 % 24.4 % 47.3 %
Gross Profit Margin:
Apartment Acquisitions and Financial Services 0.0 % 0.0 % 0.0 % 97.0 % 97.3 % 97.5 % 97.6 % 98.0 %
Commercial Lending 0.0 % 0.0 % 95.0 % 95.0 % 95.0 % 95.0 % 95.0 % 95.0 %
Other 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 %
Total 0.0 % 0.0 % 75.0 % 96.7 % 97.1 % 97.2 % 97.3 % 97.7 %
Operating Expenses as a % of Revenue:
Sales & Marketing 0.0 % 0.0 % 5.0 % 0.7 % 0.6 % 0.6 % 0.5 % 0.5 %
General & Administrative 0.0 % 0.0 % 5.0 % 0.7 % 0.6 % 0.6 % 0.5 % 0.5 %
Research & Development 0.0 % 0.0 % 10.0 % 1.3 % 1.2 % 1.1 % 1.1 % 0.9 %
Total Profit Margins:
Operating Profit Margin 0.0 % 0.0 % 40.0 % 92.2 % 92.9 % 93.3 % 93.6 % 94.5 %
Net Profit Margin 0.0 % 0.0 % 10.0 % 88.3 % 89.4 % 90.0 % 90.4 % 91.8 %
BALANCE SHEET
Fiscal Year 12/31/2015
Current Assets:
Cash & Short-Term Investments $0
Accounts Receivable $0
Inventory $0
Other Current Assets $0
Total Current Assets $0
Long-Term Assets:
Tangible Capital Assets $0
Intangible Capital Assets $0
Accumulated Depreciation & Amortization $0
Total Long-Term Assets $0
Total Assets $0
Current Liabilities:
Accounts Payable $0
Short-Term Debt $0
Other Current Liabilities $0
Total Current Liabilities $0
Long-Term Liabilities $0
Total Liabilities $0
Equity & Capital:
Paid-In Capital $0
Retained Earnings $0
Interest in Non-Consolidated Enterprise(s) $0
Total Equity & Capital (Net Worth) $0
Total Equity, Capital, & Liabilities $0
PROJECTION METHODS
Revenue
Projection
Method
Operational
Cost
Projection
Method
Underlying Projection Assumptions
Based on
Performance
of
Comparable
Enterprise(s)
Based on
Performance
of
Comparable
Enterprise(s)
Our company's financial projections are based on acquisition of 80 units per month of high yielding cash flow apartment
buildings in emerging markets. Also to increase our financials will be performing value add and re-positioning on all our
apartment acquisitions. We will also be raising existing leases to the market rents when applicable. We will also be forcing
equity appreciation through our value add and re-positioning efforts. We will also be utilizing government tax incentives
that allow accelerated depreciation compressing 30 yrs of depreciation into 5 years. Furthermore the financial lending
products will provide an additional income organically from the acquisitions of 80 units per month.
Capitalization
11. CURRENT CAPITALIZATION
Capital Needed: $180,000
Capital Type: Equity
Future Capital - The enterprise's estimate of future capital needs post investment. Post Money - Equity share of the enterprise after the dilution of this capital being sought.
S&M – Sales & Marketing | G&A – General & Administrative | R&D – Research & Development | Asset Acq. – Asset Acquisition
Area of Use Specific Use Amount
Enterprise Asset
Acquisition
Closing Acquisition on 68 unit apartment in East Memphis, TN and establishing reserve account and remodel
allowance.
$180,000
PAST CAPITALIZATION
Name Relationship Capital Type Contributed Capital
Ernest Egan Current Manager Common Equity $75,000
Rayna P. Mike Current Manager Common Equity $100,000
Nelson Evangelista Individual Other $0
EQUITY EXIT STRATEGIES / DEBT TYPE & DURATION
Ranking Equity Exit Strategy / Debt Type Desired Year Name of Potential Acquirers or Merger Partners
Most Likely Management Buy-Out 2019 Rayna P. Mike, Ernest Egan, Nelson Evangelista
Likely Long-Term Debt 2018 Rayna P. Mike, Ernest Egan, Nelson Evangelista
Least Likely IPO 2020
