What are the fees?
Our goal is to ensure that our offerings and fees are always transparent and affordable so that our platform stays accessible to every investor. Depending on the asset, we will charge a sourcing fee, typically in the 0-10% range, which enables our team to comprehensively analyze, source, and diligence each of our investments. In addition, our broker dealer charges a 1% fee on invested capital. To be clear, these fees are not charged in addition to your investment amount. We aim to acquire our assets at a discount, so that the total offering value inclusive of fees remains at or around fair market value.
Upon liquidation of any assets, money is first distributed to any creditors. The remainder is then split pro-rata to all interest holders until they receive back their initial capital contribution in full. Any remainder is split such that Otis, as manager, receives 10%, and the rest is distributed pro-rata to the interest holders. A detailed breakdown of the fees and acquisition-related expenses can be found in the offering circular. While we do not currently have plans to charge a transaction or annual management fee, our fee structure is subject to change at our discretion in the future.