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AvidExplorer
Joined: 08 Jul 2008
Posts: 7
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 Posted: Tue Jul 08, 2008 3:02 pm Post subject: Private Funders Looking to Invest in Green Building Projects |
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Our consortium is interested in reviewing major Green Building Projects that have need of funding. We are looking at any and all projects where the need for project funding exceeds $20M.
All geographical locations will be considered. We are most intrigued by projects that will make an immediate positive impact on the local economy and the environment.
Please forward information to our e-mail address if you wish us to consider your project.
Kind regards,
Jack
Asset Buyers Consortium LLC
info@assetbuyersconsortiumllc.com |
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M.P. Rao
Joined: 09 Jul 2008
Posts: 2
Location: Hyderabad, India
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| Posted: Wed Jul 09, 2008 8:56 am Post subject: |
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Dear Friend,
I am an India based Green Building Designer & LEED Rating Certification Facilitator.
Can you tell me your general terms of funding?
Thank you,
Warm Regards,
Prabhakar.
[M. Prabhakar Rao],
www.greentekindika.com,
M: 09949990064.
Plot# 12, Road# 2,
Venkat Rao Nagar,
Kukatpally,
Hyderabad 500072. |
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ExperiencingArchitecture
Joined: 11 Jul 2008
Posts: 8
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| Posted: Sat Jul 12, 2008 11:12 am Post subject: |
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This is fine, but is an offer of a service, for profit, not a discussion on Green. And you guys request a $50K non-refundable retainer fee upfront before funding is released right? I have a project needing funding, but my partners did not find it good to have to pay an upfront fee.
And from I understand, this is a forum to discuss Green Building, not for the advertising of private for profit funding services. |
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AvidExplorer
Joined: 08 Jul 2008
Posts: 7
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| Posted: Sat Jul 12, 2008 11:58 am Post subject: Green Forum Discussions |
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"Discuss green building, sustainable design and construction, ecologically sensitive and triple-bottom-line performance all across the built environment."
Are you the forum moderator? If so, I will adhere to the moderators' definition of what can and cannot be discussed on this forum. From my understanding, we were discussing one aspect of green building and construction -- the financing. It is a legitimate discussion on the forum.
It seems you have another argument altogether. If you have been displeased with anything we have said to you or your partner or anything we conveyed that was troubling to you, this forum is obviously not the means by which it must be addressed.
It is ill-advised to discuss any financial matters on a board such as this when neither you nor your partners have fully discussed your project or financing with us.
There has been no arm-twisting to make you or your team do anything with us. If there is any part of our program you disagree with, by all means address it with us privately. We are only moving in the direction of our industry and have followed the lead of nearly 90% of those that do similar work.
We are always open for more suggestions and new ways of approaching projects and project funding. We want to see more "green" projects succeed because we anticipate having a strong interest in this arena in the future.
You and your partners are free to choose any means available to you to get your project funded. That is what is called free enterprise. If my way or any way of my peers in the industry is not to your liking, you have a choice to move in another direction.
I will not interfere with the internal workings of anyone on this forum. I don't dictate how anyone of our clients chooses to do business.
Besides, the details which you posted were not correct.
Financing of green projects is an utmost concern to quite a few on this board. So many want to have their projects succeed and flourish. It is in the best interest of all of us to work together so that it gets done. |
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ExperiencingArchitecture
Joined: 11 Jul 2008
Posts: 8
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| Posted: Sat Jul 12, 2008 12:50 pm Post subject: |
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That is fine, but in fact my partners had sought financing but had difficulty when it came to accepting the clause that states:
"Funding Process:
Retain Asset Buyers Consortium, LLC and its team to prepare project submission and facilitate introduction to financiers for funding of project ($50K non-refundable retainer fee) (up to 1 week)."
And this here is not a discussion on Green Architecture, but rather an offer of private funding services for profit. So the point being make is moot. |
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birgco
Joined: 01 May 2007
Posts: 302
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| Posted: Sat Jul 12, 2008 1:11 pm Post subject: |
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I would have to agree with ExperiencingArchitecture, if one if offering a service for profit, this is not the appropriate place for it. (IMO). Also, I don't think one needs to be accused of being the forum moderator when questioning the proper placement of a topic, much of this forum seems to be successfully self-moderated.
One last general comment, not to cast aspersions on any "green" financing operations, but a word to the wise that any company requiring a sizable upfront fee or retainer before funds are delivered, is most likely a scam. |
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AvidExplorer
Joined: 08 Jul 2008
Posts: 7
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| Posted: Sat Jul 12, 2008 1:25 pm Post subject: Green Building |
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Neither you nor your partners addressed the issue with us directly. Why are you so bent on making it an issue here when we should be discussing green building -- its benefits, its challenges and its solutions.
Whatever you are sour on, this is not the forum for that. You and your partners seem content to drag business matters into an open forum without the benefit of anyone knowing anything about the business model we put forth.
As was mentioned before, we are in an industry where arrangement fees or something similar are quite common. I have talked with numerous clients and prospects who have paid out a significant amount of money to get their project funded.
Neither you nor your partners were ever in any contract with us to do any business. You never inquired if it were ever possible to come up with other suitable arrangements that would work for you. We are more flexible and open than the majority would be. We will evaluate and review all viable projects that will benefit everyone.
Your intent here is to position us in a negative light with others who may show some interest. We evaluate each project on an individual basis. We are flexible on many fronts. But you didn't even stop to ask. You made quite a few assumptions on what we do.
The point being made is not moot as you claim. This is your way of lashing out because of your frustration and difficulty of getting funding. If you had secured funding by now, you would move on and let this conversation fade away.
There is not anyone on this forum who is not trying to do good and make some sort of profit at the same time. Profit is a natural consequence of all of our efforts.
You don't need to challenge the way we do business or our use of a public forum to inform everyone about what we do in the way of green building and construction financing. It is a relevant topic contrary to your understanding. |
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AvidExplorer
Joined: 08 Jul 2008
Posts: 7
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| Posted: Sat Jul 12, 2008 2:35 pm Post subject: Green Building |
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Birgco,
Be very careful in how you label or should I say "libel" someone as a scam. This is the most overused word by those who don't have all of the information before them.
If one is going to look out for scam artists, they will have to do it in every business.
I stated before that everyone has a choice in whatever direction they need to take. My business model is only one wayand it is flexible. Almost everyone that I have spoken with who had been looking for funding has paid something for it. We are open to situations that work for all. The upfront money has never been a big issue or deal-breaker if the project warrants doing something otherwise.
Real businesses know how to negotiate and get the best deal for themselves. I would suggest that all developers follow that and deal with funders accordingly.
In this country, a person is innocent until proven guilt. Not guilty by association or guilty because that it the flavor of the day. Scam artists abound in every walk of life even among architects, developers, real estate agents and such like. The real estate industry in many states took a hit because fraud was rampant on every level.
Your fellow poster did not have to address this issue with me on this forum. If everyone is taking personal responsibility for moderating this forum, then more caution is warranted. If it were an issue of what I posted, then that is one thing. But the poster took issue with how we did business and posted it on the forum. This goes against all forum rules on almost every forum I know about. |
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csintexas
millennium club
Joined: 06 Feb 2006
Posts: 1862
Location: USA
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| Posted: Sat Jul 12, 2008 2:51 pm Post subject: |
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You started the thread Jack. You came on a public forum to advertise your company so it doesn't surprise me that someone uses this thread to discuss it's business practices.
Personally I would not do business with anyone asking for non refundable upfront fees.
Also I would point out that the appropriate forum would have been:
Design and Building-Related Services Offered
Since your intention does not seem to be to discuss "Green Building"
_________________
Chris Stewart
Modern Texas Home Project |
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AvidExplorer
Joined: 08 Jul 2008
Posts: 7
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| Posted: Sat Jul 12, 2008 3:17 pm Post subject: |
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Chris,
That is your prerogative. I can respect that. I have no issue with you or anyone else doing that. You conduct your business in the best interest of you and the business. Why can't my business or any business like mine be respected? Not everyone is a scammer nor do we want to be. We try to avoid the appearance of that by working extremely hard on every project and being accessible to all principals.
It should surprise you that someone should discuss certain business practices, especially one that it taken out of context. None of the posters have ever done business with me nor have they ever taken anything past the point of getting information. No negotiation on any of our business concepts. No one knows whether or not the fees would even be waived for a good project. It's all in the negotiations. Simple business concepts.
Personally, I don't relish asking for any fee if I don't have to. We are always open to alternatives if the project can support it. No big deal on that.
I researched for the forum rules to see if my posting was within the guidelines, but nothing was immediately evident. Again, the topic is Green Building in all its forms. It is rather ambiguous as to what is included in that. Each person will read it and see it differently. |
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birgco
Joined: 01 May 2007
Posts: 302
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| Posted: Sat Jul 12, 2008 7:34 pm Post subject: |
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| Quote: | Birgco,
Be very careful in how you label or should I say "libel" someone as a scam. This is the most overused word by those who don't have all of the information before them. |
Avid,
Sorry, I missed the part in my post where I labeled your
company as a scam,
but if your responses in this thread are any indication
of your business acumen, potential customers who may
be unlucky or foolish enough to cross your path......
are in for a special treat. |
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AvidExplorer
Joined: 08 Jul 2008
Posts: 7
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| Posted: Sun Jul 13, 2008 12:11 pm Post subject: Green Building |
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Birgco,
Yes, you did imply that our company or anyone like us was a scam.
I am sorry that you chose not to be professional with your snide remarks and condescending attitude. I do hope professionals will take serious notice of all the comments in this thread.
I reserve the right to defend my business from unfounded claims.
You showed everyone what type of businessperson you are and how you would treat others. |
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schmitzp
Joined: 22 Jul 2008
Posts: 1
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| Posted: Tue Jul 22, 2008 8:48 am Post subject: Green Funding Up Front Fees |
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There is Green Money available without up front fees, normal funding firms receive fees for services when the financing funding is complete. Upfront costs such as appraisals, site survey, environmental reports etc. are normally paid up front to third party companies providing these services.
Trusted Funder. |
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AvidExplorer
Joined: 08 Jul 2008
Posts: 7
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| Posted: Tue Jul 22, 2008 9:18 am Post subject: Green Building |
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Schmitzp,
I am glad that you did shed some more light on the subject.
Everyone is free to choose whichever avenue is available to them. There is development money accessible to developers who wish to pursue Green Building projects.
There are a number of businesses who do not ask for any fees upfront and there are quite a few who do. There is a whole industry set up that would ask for and would receive a fee of some sort.
Fees are always tied into the work performed and are negotiable as with any other business. Nothing is set in stone where it cannot be changed. Viable projects are always welcomed by all of these type of companies.
A very strong project with a lot of merit presents a better opportunity than one where much work is still needed to be done. Every developer thinks his/her project is without flaws and should be funded in a short time. Sometimes that is true and sometimes it is not.
Getting a project funded is everyone's goal. That is where the real rewards will be. No one would trade that for a small fee if at all possible. |
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steve0
Joined: 20 Aug 2008
Posts: 3
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| Posted: Thu Aug 21, 2008 5:13 pm Post subject: |
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| Good information ! Thank you ! |
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