The Wideman Company is an affiliate of Susquehanna Holdings Ltd. (legacy investment manager). The Wideman Company is a cash flow driven, high-touch real estate investment company that identifies opportunities through tenant relationship building, strategic market selection, and operational precision to deliver exceptional returns for its investors. The Wideman Company employs a unique set of skills to work through complex or distressed situations to align financial, operational, and physical components of assets to generate outsized returns.
For over 50 years, The Wideman Company has carefully refined its relationships and asset management infrastructure. The Wideman Company has a storied track record of maximizing financial freedom for investors. With extensive experience pursuing office and industrial assets in fundamentally sound, burgeoning markets, The Wideman Company has built a portfolio spanning 7 MSF of interior space. Based in Orlando, Florida, The Wideman Company efficiently manages approximately $1.2 billion of commercial real estate throughout the Southeast and Sunbelt states.
| Sources of Funds | Amount |
|---|---|
| Debt | $23,822,500 |
| LP Equity | $12,900,636 |
| GP Equity (1) | $1,433,404 |
| Total Sources of Funds | $38,156,540 |
| Uses of Funds | Amount |
|---|---|
| Purchase Price | $36,650,000 |
| Acquisition Fee | $733,000 |
| 3rd Parties, Legal | $136,958 |
| Closing Costs | $82,175 |
| Financing Fees | $131,024 |
| Working Capital/Reserves | $423,383 |
| Total Uses of Funds | $38,156,540 |
(1) The Sponsor’s equity contribution may consist of friends and family equity and equity from funds controlled by the Sponsor.
The expected terms of the debt financing are as follows:
Senior Loan
- Lender: Bank United
- Loan Type: Permanent Loan
- Term: 36 Months + two 12-Month Extension Options
- Loan-to-Value (based on Purchase Price): 65.0%
- Loan-to-Cost: 62.4%
- Estimated Proceeds: $23,822,500
- Interest Type (1): Fixed
- Annual Interest Rate (2): 5.75%
- Interest-Only Period: 36 Months
- Amortization: 30 Years
- Prepayment Terms: Open Prepay
- Recourse Description: Non-Recourse
(1) An interest rate swap will be purchased at closing, fixing the interest rate for the first 3 years. The lender will require a swap to be purchased for any extension periods.
(2) Interest rate is 1-month Term SOFR + 1.8%, and is estimated to be fixed at 5.75% with the purchase of the interest rate swap.
(3) A substantial portion of the total acquisition for the Property will be paid with borrowed funds, i.e., debt. Please carefully review the Disclosures section below for additional information concerning the Sponsor's use of debt.
The Wideman Company intends to make distributions from the limited liability company (1) as follows:
- Pari-passu all cash flow available for distribution to the Equity Investors (2) until the Equity Investors (2) receive an 8.0% IRR;
- 70% / 30% (70% to Equity Investors (2) / 30% to GP Equity Investors (3)) of all cash flow available for distribution thereafter.
The Wideman Company intends to make distributions to investors after the payment of the company's liabilities (loan payments, operating expenses, and other fees as more specifically set forth in the LLC agreements, in addition to any member loans or returns due on member loan).
Distributions are expected to start in February 2026 and are projected to continue on a quarterly basis thereafter. Distributions are at the discretion of The Wideman Company, who may decide to delay distributions for any reason, including maintenance or capital reserves.
(1) The limited liability company will invest in the property owner alongside other investment entities and receive pro rata distributions.
(2) Equity Investors include all members who invested capital in the limited liability company, including the Sponsor and Sponsor-related entities.
(3) GP Equity Investors include all members in the Sponsor-affiliated promote entity.
Certain fees and compensation will be paid over the life of the transaction; please refer to The Wideman Company's materials for details. The following fees and compensation will be paid (1):
One-Time Fees:
| Type of Fee | Amount of Fee | Received By | Paid From |
|---|---|---|---|
| Acquisition Fee | 2.00% of Purchase Price | Sponsor | Capitalized Equity Contribution |
Recurring Fees:
| Type of Fee | Amount of Fee | Received By | Paid From |
|---|---|---|---|
| Asset Management Fee | 1.50% of Effective Gross Income | Sponsor | Cash Flow |
| Property Management Fee | 2.00% of Effective Gross Income | Third-Party Property Manager | Cash Flow |
(1) Fees may be deferred to reduce impact to investor distributions.
The information on this Page is qualified in its entirety by reference to the more complete information about the offering contained in the Sponsor’s Investment Documents. The information on this Page is not complete and subject to change at the Sponsor’s discretion at any time up to the closing date. The Sponsor’s Investment Documents and supplements thereto contain important information about the Sponsor’s offering including relevant investment objectives, the business plan, risks, charges, expenses, and other information, which you should consider carefully before investing. The information on this Page should not be used as a basis for an investor’s decision to invest.
Risk of Investment
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor’s assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor’s business plans (“Assumptions”) will be true or that actual performance will bear any relation to Sponsor’s Assumptions, and no guarantee or representation is made that Sponsor’s Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor’s Assumptions should not be relied upon as the primary basis for your decision to invest.
No Reliance on Forward-Looking Statements; Sponsor Assumptions
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor’s Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor’s forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor’s investment objectives, detailing Sponsor’s anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor’s forward-looking statements as a basis to invest.
Importantly, RealtyMogul does not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor’s Assumptions or forward-looking statements.
No Reliance on Past Performance
Any description of past performance is not a reliable indicator of future performance and should not be relied upon as the primary basis to invest.
Sponsor’s Use of Debt
A substantial portion of the total cost of the real estate asset acquired by the Sponsor with investor funds (“Property”) will be paid with borrowed funds, i.e., debt. Sponsor’s estimated rates and terms of the debt financing are subject to lender approval, and there is no assurance that the Sponsor will secure debt at the rates and terms presented on this Page or in the Sponsor’s Investment Documents, or at all. The use of borrowed money to acquire real estate is referred to as leveraging, which can amplify losses and could result in lender foreclosure. In addition, if the debt includes a variable (or “floating”) interest rate, the total amount of interest paid over the term of the debt will fluctuate and can increase. As a result, Sponsor’s use of debt can result in a loss of some or all of your investment.
Sponsor’s Offering is Not Registered
Sponsor’s securities offering will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act (“Private Placement”). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for “Accredited Investors,” as that term is defined in Rule 501(a) under the Securities Act.
No Investment Advice
Nothing on this Page should be regarded as investment advice (either with respect to a particular security or regarding an overall investment strategy), a recommendation, an offer to sell, or a solicitation of or an offer to buy any security. Advice from a securities professional is strongly advised to understand and assess the risks associated with real estate or private placement investments.
RM Adviser, LLC, a wholly owned subsidiary of RM Investor LLC and an affiliate of RealtyMogul, is an SEC-registered investment adviser. RM Adviser, LLC provides investment management services exclusively to certain REITs and single purpose funds and does not in any way provide investment advisory services to Sponsor, any other Platform sponsors or any Platform investors and does not in any way provide investment advisory services to Sponsor, any other Platform sponsors or any Platform investors.