Concerned about your investment in University Lofts, LLC?
The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended alternative investments such as University Lofts, LLC to investors.
Inland Private Capital Corp, sponsor of Section 1031 exchange transactions, filed a form D to raise capital from investors for a commercial real estate fund, University Lofts LLC, in 2015, according to filings with the SEC. The total offering amount sold was purportedly $18,300,000.
Despite the risks of investing in alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation. The selling commissions, dealer fee and placement agent fee associated with this particular investment are estimated at approximately 8.5%, according to the filings.