Originally Posted by Simplicity
Nobody expects that you won't take any fees. Generally, its appropriate to take fees as project benchmarks are met. Not completely upfront, which actually becomes detrimental to the project. And I'm not the only person to note this. The analyst said the same thing when he remarked that of 100% of the offering, only 36.9% is actually capital to the project where the rest is just fees that aren't tied to any sort of progression.
Simplicity is offering a very detailed and perhaps accurate take on the project.
He is not being rude or vulgar but rather offering an exacting and intimate take on the paperwork and offering.
I see no reason for his perspective to be suspended in this case.
How many parking stalls are in that lot any way? What would a 176 stall lot in the immediate vicinity now be worth based on this 9.5M number?