Over the past several years, the principals of Mainsail have undertaken a variety of commercial real estate development projects, all with individual investors as partners. Accordingly, Mainsail maintains active communication with this pool of investors, and looks to them first when new projects arise. Although the pool started with a handful of friends and family, it has grown through word of mouth to include more than 100 participants.

In a sense, Mainsail perceives itself to be an investment manager. As such, Mainsail strives to provide comprehensive detail about each investment opportunity, and then periodic communication as the deal progresses. Mainsail’s investors always report that they appreciate our constant attention to the business plan and its inevitable evolution. We take great pride that most of our investors have chosen to invest with us again and again.

A typical Mainsail development project is fairly well evolved by the time we expose it to our family of investors. We use our own funds to complete the majority of the due diligence so that we are able to offer the investors a comparatively complete picture of the opportunity. Nonetheless, we usually receive investor’s funds in an escrow account where they stay until closing. Typically, we combine the investor’s capital with commercially loaned funds in a conservative ratio. Once the development project is complete, we move toward permanent financing, which yields the return of a significant portion of the investor capital. Our usual goal is to hold the property for a long period, although the business plan may involve a quicker sale.

We normally form a single asset limited liability company for each project with the principals of Mainsail serving as the managing members. This structure aligns Mainsail’s goals with the goals of our investors. Although Mainsail receives market driven fees for it’s’ work on the project, our reward for the performance of the project almost always flows after the investors have been compensated for their contributions.

In the past, we have completed residential, hospitality, retail, and office projects. Opportunities continue to present themselves in these arenas, and we evaluate them carefully for viability. We always have several projects in motion at the same time. We are currently involved in our largest project to date, a 5 star resort in the British Virgin Islands. This 10 year project will open its first phase in 2007. Almost all of our projects are undertaken on behalf of our investors, although on special occasions we will act as a third party services firm.

We appreciate the confidence and support offered to us by our investors. If you would like to receive more information about opportunities to participate in upcoming projects, please contact one of our principals.