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LoaningMichigan.com, their owner(s), and all current and future successors and or assigns LLC’s or corporations, dba’s, Robert McClure, disclaimers, and disclosure statement. Disclosure: This is not a public offering. This is not an offer or an invitation to buy or a solicitation of any offer to purchase any stock or securities in the United States, Michigan or any other jurisdiction. Above entities may be referred to as “the Company”.
percentPLus is a Michigan Limited Liability Company, and we are therefore governed by Michigan Law. This is not a confidential private placement memorandum but is being presented to you for consideration only for the purpose of investing with the company. percentPlus, a Michigan Limited Liability Company, is newly formed for the purpose of investing in Michigan real estate. The managing member is Robert McClure. percentPlus (and/or) its’ subsidiaries, or related companies will purchase residential real estate for the purpose of improving, remodeling, and reselling for a profit. The company will offer property buyers seller financing via land contracts, or consider a cash sale thus creating a complete “turnkey” type business. All land contracts will conform to Michigan law. All company real estate purchases, transactions and each prospective buyer’s credit and credentials will be scrutinized by the company’s managing member, Robert McClure. Robert McClure has over sixteen years of residential mortgage origination experience in Michigan. He has passed the National Safe Mortgage Origination Test (License# 162592), Michigan Mortgage Originator’s test, and multiple fingerprint and background checks by the Michigan State Police to become a licensed mortgage originator in Michigan. His personal credit report, and security bond is on deposit in Lansing at the Delg/OFIR offices. He has also passed the Indiana, Tennessee, Vermont and New Hampshire Mortgage Originator’s test. Robert McClure’s mortgage background and related credentials can be reviewed on www.LoaningMichigan.com by clicking on the “expertise” tab via the internet. The fund’s properties will be sold via land contract or cash to maximize profits and not sacrifice markup as most typical real estate transactions involve. Your funds may be pooled (commingled) with others for the purpose of purchasing properties, covering regular company overhead, or financing the purchase or remodeling of property for one of our entities, or related companies. All properties will be purchased by warranty deed and title commitments without standard exceptions. Our investment model will have an anticipated markup of 25% to 50%, or more. Investor minimum investment amounts range from $1,000 to discretion. percentPlus will pay interest to you, based on the “agreed to” amount on this application. The company also offers profit sharing when available to its’ investors. Profits will be distributed proportionate to each investor’s contribution to the pool. Each member, regardless of the amount of their investment, will be protected by a first lien against the subject property. A file number will be recorded on the lien that associates your investment with that property. Your file number may be re-assigned to another property if the company deems necessary. Your funds will be pooled and not assigned a file number until a property utilizing said (investor) funds is purchased. Profits paid to you, the investor, may range from 40-60% of the net profit from the sale of the property or at the discretion of Robert McClure, or not at all. Members will not be deeded on as property owners or co-owners. This procedure supports the company’s commitment to protect our investor’s money and distance members from possible litigation resulting from property ownership. When our buyers pay off their land contracts with us, you will be notified that your funds may be available. At that time, you may choose to reinvest with us, or cash out. Your investment cannot be sold, partially sold, transferred or assigned, without written permission by the managing member. Most land contracts will be offered to our buyers at different interest rates (not to exceed Michigan’s 11% rule.) and amortizations, with a balloon feature of approximately five years or less .Longer timeframes for payoffs may be offered. Interest returns to our investors are paid quarterly or semi-annually. Requests for investor funds to be returned prior to the property buyers they funded paying off their land contracts is not permitted. A hardship letter may be considered as just cause, but may be honored only at the company’s discretion, and may be subject to a penalty (fee). Arbitration.All claims and disputes arising under or relating to this Agreement are to be settled by binding arbitration in the state of Michigan or another location mutually agreeable to the parties. The arbitration shall be conducted on a confidential basis pursuant to the Commercial Arbitration Rules of the American Arbitration Association, and/or Michigan State Arbitration law(s)  Any decision or award as a result of any such arbitration proceeding shall be in writing and shall provide an explanation for all conclusions of law and fact and shall include the assessment of costs, expenses, and reasonable attorneys' fees. Any such arbitration shall be conducted by an arbitrator experienced in real estate and/or investor law and shall include a written record of the arbitration hearing. The parties reserve the right to object to any individual who shall be employed by or affiliated with a competing organization or entity. An award of arbitration may be confirmed in a court of competent jurisdiction. By signing the application and becoming an investor, I acknowledge that the amount invested is discretionary income that I can afford to loose all or part of my investment as an investor. I accept the risks associated with real estate investing. All Federal, State and local income tax liabilities are the responsibility of each individual investor. Social security numbers and other personal information is never made public or sold for any reason at any time. It is only collected for the purposes of reporting interest and/or profit sharing to appropriate taxing entities such as the IRS, State or local tax authorities. I submit that the ‘company” has offered honorable, honest, and best effort disclosures of the use and protection of my funds.