Community Revolving Loan Fund - Anyone?
18 views
Skip to first unread message
Toni Hogan
May 17, 2012, 1:41:30 PM5/17/12
to Coworking
We are thinking of starting a community revolving loan fund. We've
checked out a model used by a housing co-op and it appears to be
something that would be very useful. It's closely related to
crowdfunding except there's an above market interest rate
incorporated. Has anyone used this vehicle to fund a coworking space?
I have another important use in mind as well.
checked out a model used by a housing co-op and it appears to be
something that would be very useful. It's closely related to
crowdfunding except there's an above market interest rate
incorporated. Has anyone used this vehicle to fund a coworking space?
I have another important use in mind as well.
Jacob Sayles
May 17, 2012, 1:55:49 PM5/17/12
to cowo...@googlegroups.com
Toni,
Jacob
---
Office Nomads - Individuality without Isolation
http://www.officenomads.com - (206) 323-6500
--
You received this message because you are subscribed to the Google Groups "Coworking" group.
To post to this group, send email to cowo...@googlegroups.com.
To unsubscribe from this group, send email to coworking+...@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
Toni Hogan
May 17, 2012, 2:53:58 PM5/17/12
to Coworking
Check out this link. It explains for better than I could in a few
words. Just looking at it again, got me excited. LOL
http://walnutstreetco-op.org/revloan.html
Toni
On May 17, 12:55 pm, Jacob Sayles <ja...@officenomads.com> wrote:
> Toni,
>
> That sounds very interesting. Can you talk a little more about how it
> would work?
>
> Jacob
>
> ---
> Office Nomads - Individuality without Isolationhttp://www.officenomads.com- (206) 323-6500
words. Just looking at it again, got me excited. LOL
http://walnutstreetco-op.org/revloan.html
Toni
On May 17, 12:55 pm, Jacob Sayles <ja...@officenomads.com> wrote:
> Toni,
>
> That sounds very interesting. Can you talk a little more about how it
> would work?
>
> Jacob
>
> ---
Alex Hillman
May 17, 2012, 3:00:16 PM5/17/12
to cowo...@googlegroups.com
IndyHall and all of its growth has been financed this way. We're doing it again in our current expansion and were able to very quickly raise the money we needed from within our membership.
Toni Hogan
May 17, 2012, 3:05:01 PM5/17/12
to Coworking
Awesome! We're seriously considering this option.
Alex Hillman
May 17, 2012, 3:15:19 PM5/17/12
to cowo...@googlegroups.com
Don't forget that membership pre-sells can help raise early money too! You need to account for it in cash-flow, but it's a great way to get cash on hand and be help to project membership up to 6 months out.
Toni Hogan
May 17, 2012, 3:20:29 PM5/17/12
to Coworking
yep. we've taken that into consideration as well...thanks to you. :-)
TH
On May 17, 2:15 pm, Alex Hillman <dangerouslyawes...@gmail.com> wrote:
> Don't forget that membership pre-sells can help raise early money too! You need to account for it in cash-flow, but it's a great way to get cash on hand and be help to project membership up to 6 months out.
>
> --
> /ah
> indyhall.org
> coworking in philadelphia
>
>
>
>
>
>
>
> On Thursday, May 17, 2012 at 3:05 PM, Toni Hogan wrote:
> > Awesome! We're seriously considering this option.
>
> > > > To unsubscribe from this group, send email to coworking+...@googlegroups.com (mailto:coworking+...@googlegroups.com).
> > To unsubscribe from this group, send email to coworking+...@googlegroups.com (mailto:coworking+...@googlegroups.com).
TH
On May 17, 2:15 pm, Alex Hillman <dangerouslyawes...@gmail.com> wrote:
> Don't forget that membership pre-sells can help raise early money too! You need to account for it in cash-flow, but it's a great way to get cash on hand and be help to project membership up to 6 months out.
>
> --
> /ah
> indyhall.org
> coworking in philadelphia
>
>
>
>
>
>
>
> On Thursday, May 17, 2012 at 3:05 PM, Toni Hogan wrote:
> > Awesome! We're seriously considering this option.
>
> > On May 17, 2:00 pm, Alex Hillman <dangerouslyawes...@gmail.com (http://gmail.com)> wrote:
> > > IndyHall and all of its growth has been financed this way. We're doing it again in our current expansion and were able to very quickly raise the money we needed from within our membership.
>
> > > --
> > > /ah
> > > indyhall.org (http://indyhall.org)
> > > IndyHall and all of its growth has been financed this way. We're doing it again in our current expansion and were able to very quickly raise the money we needed from within our membership.
>
> > > --
> > > /ah
> > > coworking in philadelphia
>
> > > On Thursday, May 17, 2012 at 2:53 PM, Toni Hogan wrote:
> > > > Check out this link. It explains for better than I could in a few
> > > > words. Just looking at it again, got me excited. LOL
>
> > > >http://walnutstreetco-op.org/revloan.html
>
> > > > Toni
>
>
> > > On Thursday, May 17, 2012 at 2:53 PM, Toni Hogan wrote:
> > > > Check out this link. It explains for better than I could in a few
> > > > words. Just looking at it again, got me excited. LOL
>
> > > >http://walnutstreetco-op.org/revloan.html
>
> > > > Toni
>
> > > > On May 17, 12:55 pm, Jacob Sayles <ja...@officenomads.com (http://officenomads.com)> wrote:
> > > > > Toni,
>
> > > > > That sounds very interesting. Can you talk a little more about how it
> > > > > would work?
>
> > > > > Jacob
>
> > > > > ---
> > > > > Office Nomads - Individuality without Isolationhttp://www.officenomads.com-(206) 323-6500
> > > > > Toni,
>
> > > > > That sounds very interesting. Can you talk a little more about how it
> > > > > would work?
>
> > > > > Jacob
>
> > > > > ---
>
> > > > > On Thu, May 17, 2012 at 10:41 AM, Toni Hogan <t...@theofficeconnexion.com (http://theofficeconnexion.com)>wrote:
>
> > > > > > We are thinking of starting a community revolving loan fund. We've
> > > > > > checked out a model used by a housing co-op and it appears to be
> > > > > > something that would be very useful. It's closely related to
> > > > > > crowdfunding except there's an above market interest rate
> > > > > > incorporated. Has anyone used this vehicle to fund a coworking space?
> > > > > > I have another important use in mind as well.
>
> > > > > > --
> > > > > > You received this message because you are subscribed to the Google Groups
> > > > > > "Coworking" group.
> > > > > > To post to this group, send email to cowo...@googlegroups.com (mailto:cowo...@googlegroups.com).
> > > > > On Thu, May 17, 2012 at 10:41 AM, Toni Hogan <t...@theofficeconnexion.com (http://theofficeconnexion.com)>wrote:
>
> > > > > > We are thinking of starting a community revolving loan fund. We've
> > > > > > checked out a model used by a housing co-op and it appears to be
> > > > > > something that would be very useful. It's closely related to
> > > > > > crowdfunding except there's an above market interest rate
> > > > > > incorporated. Has anyone used this vehicle to fund a coworking space?
> > > > > > I have another important use in mind as well.
>
> > > > > > --
> > > > > > You received this message because you are subscribed to the Google Groups
> > > > > > "Coworking" group.
> > > > > > To unsubscribe from this group, send email to
> > > > > > coworking+...@googlegroups.com (mailto:coworking+...@googlegroups.com).
> > > > > > For more options, visit this group at
> > > > > >http://groups.google.com/group/coworking?hl=en.
>
> > > > --
> > > > You received this message because you are subscribed to the Google Groups "Coworking" group.
> > > > To post to this group, send email to cowo...@googlegroups.com (mailto:cowo...@googlegroups.com).
> > > > > >http://groups.google.com/group/coworking?hl=en.
>
> > > > --
> > > > You received this message because you are subscribed to the Google Groups "Coworking" group.
> > > > To unsubscribe from this group, send email to coworking+...@googlegroups.com (mailto:coworking+...@googlegroups.com).
> > > > For more options, visit this group athttp://groups.google.com/group/coworking?hl=en.
>
> > --
> > You received this message because you are subscribed to the Google Groups "Coworking" group.
> > To post to this group, send email to cowo...@googlegroups.com (mailto:cowo...@googlegroups.com).
>
> > --
> > You received this message because you are subscribed to the Google Groups "Coworking" group.
> > To unsubscribe from this group, send email to coworking+...@googlegroups.com (mailto:coworking+...@googlegroups.com).
Craig Baute - Creative Density Coworking
May 17, 2012, 6:17:56 PM5/17/12
to Coworking
I don't know how complicated you wanna get but CSI in Toronto set
themselves up as a non-profit and sold bonds to raise the money to buy
their building. However, if you want to keep things simple and need
less than $100,000 then I would try and pre-sell membership or take
loans out from members as Alex suggested.
Craig
Creative Density
themselves up as a non-profit and sold bonds to raise the money to buy
their building. However, if you want to keep things simple and need
less than $100,000 then I would try and pre-sell membership or take
loans out from members as Alex suggested.
Craig
Creative Density
Toni Hogan
May 17, 2012, 6:28:40 PM5/17/12
to Coworking
That's interesting, Craig. We will eventually set up a hybrid with our
community organization set up as a non-profit with 51% ownership in
the coworking space. Using bonds would be something to consider since
our space is located in a residential area and we plan for it to be
THE small business community center. hmmmm
TH
On May 17, 5:17 pm, Craig Baute - Creative Density Coworking
community organization set up as a non-profit with 51% ownership in
the coworking space. Using bonds would be something to consider since
our space is located in a residential area and we plan for it to be
THE small business community center. hmmmm
TH
On May 17, 5:17 pm, Craig Baute - Creative Density Coworking
Jacob Sayles
May 18, 2012, 7:49:44 PM5/18/12
to cowo...@googlegroups.com
Yes and they published a book about it too. We got our copy a few weeks ago and I plan to dig in to it. Not that we are planning to buy a building but the model fascinates me. Toni, I love seeing the ideas you are throwing around too. Take good notes so we can all learn from your experience.
Jacob
---
Office Nomads - Individuality without Isolation
http://www.officenomads.com - (206) 323-6500
Jacob
---
Office Nomads - Individuality without Isolation
--
You received this message because you are subscribed to the Google Groups "Coworking" group.
To post to this group, send email to cowo...@googlegroups.com.
To unsubscribe from this group, send email to coworking+...@googlegroups.com.
Toni Hogan
May 18, 2012, 8:08:32 PM5/18/12
to Coworking
Thanks and will do! I am going to compare what we have written already
to the Walnut Street Co-op investor packet and tweak if needed. I
think we've actually covered everything except the revolving loan
part. Instead of coworking they are co-living. Cool!
TH
On May 18, 6:49 pm, Jacob Sayles <ja...@officenomads.com> wrote:
> Yes and they published a book about it too. We got our copy a few weeks
> ago and I plan to dig in to it. Not that we are planning to buy a building
> but the model fascinates me. Toni, I love seeing the ideas you are
> throwing around too. Take good notes so we can all learn from your
> experience.
>
> Jacob
>
> ---
> Office Nomads - Individuality without Isolationhttp://www.officenomads.com- (206) 323-6500
to the Walnut Street Co-op investor packet and tweak if needed. I
think we've actually covered everything except the revolving loan
part. Instead of coworking they are co-living. Cool!
TH
On May 18, 6:49 pm, Jacob Sayles <ja...@officenomads.com> wrote:
> Yes and they published a book about it too. We got our copy a few weeks
> ago and I plan to dig in to it. Not that we are planning to buy a building
> but the model fascinates me. Toni, I love seeing the ideas you are
> throwing around too. Take good notes so we can all learn from your
> experience.
>
> Jacob
>
> ---
Reply all
Reply to author
Forward
0 new messages