One of the advantages of investing in The Legacy Opportunity Fund I, is your investment is diversified across the entire portfolio of assets. The Fund invests in 2 asset classes, notes and direct investment in commercial properties. The advantage of trust deed and mortgages is safety and cash flow. The notes we either originate or we buy have significant (at least 30%) equity. Therefore, there is a large cushion of equity to protect the investment. In addition, The Legacy Opportunity Fund I also invests directly and takes an ownership position in commercial real estate projects. This will also offer income for the Fund as well as long-term appreciation and wealth creation. The basic process for getting started with investing into the Fund is as follows:
Step 1: The Legacy Group sends a non-disclosure agreement to prospective investors.
Step 2: The Legacy Group sends private placement memorandum (PPM) to prospective investors for review. The PPM details the specific asset classes that the Fund will be investing in, and also discloses potential risks to investors who consider moving forward with investment into the Fund. The PPM also details The Legacy Group Rule Book, which is our underwriting criterion for each specific asset class.
Step 2: Investors who are interested in participating in the Fund will respond to their contact within The Legacy Group with the amount of capital they’d like to get involved. Investors may choose to invest using their own funds, or funds from a business account (such as a corporation, LLC, LLP, trust, etc.), or through their for self-directed IRA . There are certain tax implications which may arise with using your IRA, but those concerns can be discussed with your account representative. .
Step 3: The Legacy Group will then provide a subscription agreement for the investor along with an accredited investor acknowledgement, and the investor will wire the funds directly to the custodian. The custodian will then hold the funds until there is a direction from the Fund manager to invest in the next opportunity. The custodian is used as a third party layer of abstract from The Legacy Group’s access to the funds. There’s always a paper trail when using a 3rd party custodian, and we feel it’s important to include this level of protection to our investors.
Any potential investor has the opportunity to review the existing assets within the portfolio, because the assets of the Fund are obviously constitute the value of the Fund.
If you like the sound of becoming an investor in the Fund and begin a rewarding partnership with The Legacy Group while getting a higher rate of return on your idle cash or retirement accounts, then contact us today! We’ll listen to your situation, discuss your investment goals, and determine if our investment opportunities suite your investment goals. There are also opportunities to invest in specific investment opportunities on a one-off basis. These are typically reserved for non-accredited investors or those who are willing to go into a junior investment position. . Even if you have questions, please call us! We’ll be happy to answer your questions about the benefits and features of becoming a private investor with The Legacy Group.
Learn more about our real estate investment funds process by calling us at (719) 578-8387!