How many investors will there be in the East Portland CIT and how much can investors invest?
Published on: November 11, 2024
We will allow investments of $10, $25, $50 or $100/ month maximum until the initial equity of $450,000 is purchased by the neighborhood investors. The initial equity is subordinated debt from impact investors and Mercy Corps that was used as a down payment, for property improvements and lease costs. We anticipated that the stock will be fully subscribed and when the initial equity of $450K is paid down from community investors over a 5–6-year period.