Future Equity Agreement

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Future Equity Agreement Fees Property Owners Pay

Future Equity Agreement 1% closing fee

If you are a property owner and your Future Equity Agreement is funded, you will be charged a percentage of the amount financed.

For example, if you are a property owner and you take a Future Equity Agreement and receive debt-free cash of $50,000, you will be charged $500. The 1% is taken from your financing immediately, so in this example your Future Equity Agreement is for $50,000 and you'd receive $49,500 in cash deposited into escrow account.

Application Withdrawal Fee

You may withdraw your application at any time up to the point when underwriting is completed at no cost to you. Broker and IRESE invested time and money to review and to verify your application. You will be charged a penalty to withdraw your application, which would be refunded, if you to re-submit within 3 business days. The fee to withdraw your application once it is underwritten is $300.

$15 failed payment fee

If a Future Equity Agreement ends and you owe the equity share payment and payment is unable to be made due to insufficient funds in your account, the closure, change or inaccessibility of your account without your having notified us, or for any other reason (other than an error by us), you'll be charged a fee of $15 for each check or bank draft returned or failed automated withdrawal. This fee is retained by IRESE.

Late payment fee

If your equity share payment, if any, is 15 days late, you'll be charged a late fee.

1% non-electronic funds transfer surcharge

Property owners who elect not to pay their Future Equity Agreement equity share payments through electronic funds transfer will receive a surcharge of 1.00% from the equity share payment on Future Equity Agreement.

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