Maryland Multifamily Sidecar Offering Webinar
On this webinar, Wellings Capital Managing Partner Paul Moore is joined by COO Benjamin Kahle and Director of Investments Troy Zsofka. The Q&A starts at 30:15.
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Timestamps
0:00 Welcome, introduction, and disclaimer
1:01 Senior leadership team bios
2:26 A view from the top
4:05 Why we’re investing in pref equity
5:50 Why is pref equity compelling in general?
7:10 Why is pref equity compelling right now?
8:02 Why is right now a limited window for preferred equity?
8:53 Why can’t most individual investors do these pref equity deals on their own?
9:50 What are the uses of preferred equity right now?
10:45 Why would an operator give us these terms?
11:36 Why a sidecar?
12:36 Pref equity sidecar: operator
13:14 Pref equity sidecar: investment
14:54 Pref equity sidecar: property
15:23 Pref equity sidecar: terms
16:27 Pref equity sidecar investment
19:10 Deal flow
19:37 Pref equity investment we passed on
21:11 The Wellings advantage
23:05 Full cycle results
23:32 Refinanced deals in Wellings funds and disclosures
24:22 Investor testimonial
25:00 Reasons not to invest - are you a fit?
26:00 Sidecar terms
26:32 Sidecar preferred return terms
27:10 Wellings social mission, fighting human trafficking, rescuing slaves
28:29 Additional information - next steps and the deadline, visit portal for full sidecar details and funding options
30:15 Live questions and answers