The Living Wisdom School in Portland is in the process of raising money to build a new school. We are using an exciting new platform for investments, so that the community can support our growth, while also getting a return on their investment. Here is some information about investing in our school through Semble.
Question: What is the purpose behind this investment opportunity through Semble?
Answer: Hopefully you are aware of the exciting expansion plans for LWS. To build the new school building where the four-plex currently sits, it will cost the school approximately $1,000,000. Growing Living Wisdom, LLC has been formed so that families and friends of LWS can actually take the place of a bank and invest in the future of the school, all while earning a competitive interest rate. Similar to a commercial loan, the loan from the LLC will have the real estate as collateral, and the school in addition to the church, will act as guarantors on the obligation. As the school makes payments on the loan, investors will receive quarterly distributions.
Question: Is the school asking for a $20,000 or more donation? That sure is a lot of money from one individual.
Answer: This is not a donation; it is a socially responsible investment opportunity. Instead of a bank being the benefactor of our loan, an opportunity for supporters of Living Wisdom School has been established. Through Semble, individuals are actually able to loan the school money and collect an interest on their investment. The investment is a 5 year commitment and provides a 4% annualized return.
Question: Where would the money come from to make an investment?
Answer: If you are managing a portfolio of investments such as stocks, bonds, and mutual funds, this investment could possibly fit within your financial goals while also driving social impact by helping Living Wisdom School with its need to expand facilities. It is important to note that it is possible to utilize self-directed retirement accounts such as IRAs as well as funds in taxable accounts.
Question: What if I move large amounts of money and the project doesn’t happen?
Answer: It is important to understand that no funds will move unless there is assurance that the loan to the school will be made. In the unlikely event that funds were moved but the loan does not fund, the money would be returned to the investor.
Question: When would I get all of my investment back?
Answer: As mentioned, the school will be making loan payments monthly. Some of this amount will cover the interest to investors while the balance will begin paying back principal. At the end of the 5 year loan the school will look to refinance the remaining loan balance so that all investors realize a full return.
Question: Sounds great, how can I get some questions answered right away and move things along quickly?
Answer: We will put you in contact with Chris Walcott at Semble who will walk you through any questions you have and the steps to take if you are interested in investing. Semble is also able to guide you through any paperwork that might be the result of any funds you are looking to utilize.
Question: How do I learn more and what can I do right now?
Answer: Please visit the online listing for the opportunity for the Living Wisdom School (https://www.semble.com/listing/living-wisdom-school). If, after looking over the information, you are ready to get involved, click the ‘Get Started’ button and complete the information requested. If you have questions that you would like answered in advance of taking this step, you can contact Chris Walcott at Semble (425.214.5871).
Also, you can join us for a webinar with Chris from Semble: “Funding the New Building Through Community Investments” on Thursday, November 20th at 1 pm .