The capital shall be used to implement the strategy of acquiring commercial real estate performing notes and support other related growth initiatives and assets acquisitions for the Company of which is positioning for its up-listing to the NYSE. The Members of Alameda Partners LLC have decades of experiences in the commercial real estate industry as property developers, owners, and managers and currently holds over $50-million in commercial real estate assets. They have been appointed as the Managing Members of the SPV, while ALPC controls and holds 90% ownership.
The special purpose vehicle was organized to acquire the membership interests, develop, own, hold, sell, lease, transfer, exchang, re-lend, manage and operate the underlying assets and conduct activities rel ated thereto the ownership of commercial real estate mortgage notes and REOs. The first target acquisition is through a proposed binding Memorandum of Understanding for six (6) senior commercial real estate performing notes with a total cost of $72,000,000.
The Company plans to report this cash contribution in its upcoming Q1 2019.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 11, 2019
ALPHA INVESTMENT, INC.
/s/ Todd Buxton
Todd Buxton, Chief Executive Officer
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