April 30, 20196 yr Author Shared from a Cleveland projects thread..... Just now, KJP said: TUESDAY, APRIL 30, 2019 Cleveland is rising up in the O-Zone Last week I sat in a small conference room with nearly a dozen real estate developers and investors planning a cool new project in Cleveland's urban core. I was there to add my two cents on a transportation access component of that project. Seated in the corner of the room was another guy, representing a lending institution that provides equity from one of the many fast-growing Opportunity Zone Funds. The developers began to discuss how tall the apartment building component of their project should be. They agreed to add that question to their yet-to-be-undertaken feasibility study. The guy from the O-Zone Fund lender said in so many words "Whatever you come up with, let me know. There's going to be more than enough funding for your O-Zone piece of the capital stack." MORE: https://neo-trans.blogspot.com/2019/04/cleveland-is-rising-up-in-o-zone.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 3, 20196 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 6, 20196 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 6, 20196 yr Author Vince is one of the many good guys in Cleveland's policy/development circles.... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 15, 20195 yr Author Edited June 15, 20195 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 27, 20195 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 29, 20195 yr "A new study from the Urban Institute, published today, looks at three different cities — Washington, D.C., Cleveland, and Fresno, California — to examine the question of whether the zoning inside their Opportunity Zones already reflects the needs of residents and businesses in those areas." https://nextcity.org/daily/entry/nows-the-opportunity-for-cities-to-work-on-their-zone-defense?utm_source=Next+City+Newsletter
August 4, 20195 yr Author Urban Institute looks at the opportunities Cleveland and two other cities are finding in a new federal program https://www.crainscleveland.com/scott-suttell-blog/urban-institute-looks-opportunities-cleveland-and-two-other-cities-are-finding "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 21, 20195 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 29, 20195 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 31, 20195 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
September 8, 20195 yr adding information for non-accredited investors, small developers, and possible development projects… the focus will be on equity and debt crowd funding... the info below is an introduction... There are three primary types of crowdfunding where the participants expect to get something in return for their investments (unlike donation crowdfunding platforms, such as GoFundMe). They are: Rewards crowdfunding (e.g. Kickstarter and Indiegogo) Equity crowdfunding (e.g. WeFunder, StartEngine, Republic, and other "funding portals"), also known as investment crowdfunding or crowd-investing. Debt crowdfunding (e.g. LendingClub and Prosper, and some offerings on the above funding portals). Note that real-estate crowdfunding can be grouped under the category of either equity crowdfunding or debt crowdfunding, depending on the structure of the real-estate investment offerings. jobs act 2012 - The JOBS Act was signed into law by President Obama in 2012, allowing companies to acquire funding through online portals from non-accredited investors, which roughly accounts for 97 percent of the population in the United States. On May 16, 2016, Title III of the JOBS Act, also known as regulation crowdfunding, or equity crowdfunding... Reg CF allows an entity to raise a crowdfund of up to 1.07 million… FINRA funding portal needed… https://www.finra.org/industry/funding-portals example of portal based in pittsburgh... https://www.smallchange.com/projects fractionalization (blockchain) - allows real estate (or other assets) to be divided into shares so that it’s affordable to more people… if it’s revenue sharing, you receive your share of income from the rent… security tokens - are cryptographic tokens that pay dividends, share profits, pay interest or invest in other tokens or assets to generate profits for the token holders. Security Token Exchanges form an essential part of the security token ecosystem by providing access to tokens and liquidity. Essentially, they provide liquidity for security tokens... Incremental development organization - For aspiring developers, we offer training classes to help people take the first steps toward their small scale real estate development projects. For city champions, we help identify where policies and practices are becoming unnecessary barriers and partner with local organizations to pilot projects that support small development in a targeted area. https://www.incrementaldevelopment.org/events Edited September 8, 20195 yr by lockdog
November 4, 20195 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 17, 20195 yr Author Selling Cleveland to the richest of the big-money investors https://www.crainscleveland.com/government/selling-cleveland-richest-big-money-investors "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 21, 20205 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 21, 20214 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 21, 20214 yr ^ Important point made in the article - "Data provided by the state and analyzed by Crain's show that almost 40% of this year's awards flowed to investors in Greater Cleveland projects."
Create an account or sign in to comment