Buy The Block is a great chance to get financing and develop communities in need. At Buy The Block, Block Developers have a new mechanism to raise capital via the internet through our real estate crowd investing platform having a databases of BlockVestors.
Review the following checklist and have many of these items ready once we call you.
Note: If you are raising more than $107,000, hire a Certified Public Accountant to perform a financial review. The review must be for the shorter of the two most recently completed fiscal years or the period since your company's inception. If you would like to postpone the review, you can start with a maximum raise of $107,000 and increase your maximum later. In this case, you do not need to hire a CPA. Once you exceed $107,000 in investments, you can request us to file (for free) an amendment to increase the maximum raise. If you would like us to refer you to a CPA, please email blockdevelopers@BuyTheBlock.com.
If you are raising over $107,000, Buy The Block requires that you have an attorney review your offering. If you need a referral, we can provide one.
We utilize a third party who performs background checks.
We also perform an industry check.
We confirm a Block Developers credibility of claims regarding competitive advantages.
We review their business plan and strategies.
We confirm the independence of one or more board members and so forth.
We review geographic location.
We apply quantifiable performance metrics (such as revenue or key ratios), and market data).
We review the BlockDevelopers records to confirm that its board of directors authorized the offering of shares.
We review their articles of incorporation (or operating agreement in the case of an LLC) are on file with the state.
We make sure their capitalization table is accurate.
We also confirm that the company is not involved in disruptive litigation.
We confirm that property in question is not in foreclosure, shortsale or upside down.
We review other key compliance issues as needed.
We also use banking underwriting standards to ensure stability.
To learn more about our due diligence process, please leave a message 513.299.7941 and someone will return your call within 48 hours.