Re: [Coworking] Re: Community Revolving Loan Fund - Anyone?
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 On Thu, May 17, 2012 at 3:17 PM, Craig Baute - Creative Density Coworking baut...@gmail.com wrote: 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 -- You received this message because you are subscribed to the Google Groups Coworking group. To post to this group, send email to coworking@googlegroups.com. To unsubscribe from this group, send email to coworking+unsubscr...@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 coworking@googlegroups.com. To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
Re: [Coworking] Re: Community Revolving Loan Fund - Anyone?
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 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 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 On Thu, May 17, 2012 at 10:41 AM, Toni Hogan t...@theofficeconnexion.comwrote: 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 coworking@googlegroups.com. To unsubscribe from this group, send email to coworking+unsubscr...@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 coworking@googlegroups.com. To unsubscribe from this group, send email to coworking+unsubscr...@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 coworking@googlegroups.com. To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
Re: [Coworking] Re: Community Revolving Loan Fund - Anyone?
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) 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 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 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 coworking@googlegroups.com (mailto:coworking@googlegroups.com). To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com (mailto:coworking+unsubscr...@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 coworking@googlegroups.com (mailto:coworking@googlegroups.com). To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com (mailto:coworking+unsubscr...@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 coworking@googlegroups.com (mailto:coworking@googlegroups.com). To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com (mailto:coworking+unsubscr...@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 coworking@googlegroups.com. To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
