Legal Tree Investments

Add to Favorites

Investments, Investment Advisory Service

Be the first to review!

(248) 905-1387Call Visit WebsiteVisit Website Map & DirectionsDirections400 Renaissance Ctr Ste 2600Detroit, MI 48243 Write a ReviewWrite Review

More Info

Email

Extra Phones

Phone: (313) 567-8355

Phone: (313) 259-6368

Location

Renaissance Center 600 Tower

Neighborhood

Downtown Detroit

AKA

Invest Detroit Foundation

Legal Tree Investments LLC

Invest Detroit

Other Link

https://investdetroit.com/resources/contact

Categories

Investments, Investment Advisory Service

Gallery

Be the first to add a photo!

Reviews

Hi there!
Be the first to review!

Click to Rate

Details

Phone: (248) 905-1387

Address: 400 Renaissance Ctr Ste 2600, Detroit, MI 48243

Website: https://investdetroit.com/resources/contact

People Also Viewed

View similar Investments

Suggest an Edit

Legal Tree Investments

Transaction Range
$50,000-$250,000
Projects Considered
Housing Development Projects Including Multi-Family and Mixed-Use Developments; Commercial Projects That Have Potential for Significant Positive Impact on the Community
Intended Use
The targeted area for the Predevelopment loans is Detroit's Woodward corridor, a 7.2 square mile area. For nonprofit and community development projects, the entire City of Detroit may be eligible. Land Acquisition; Environmental Reports; Legal Work; Tax Credit Consultants and Fees; Site Planning and Design; Appraisals; Survey Work; Construction Required to Preserve the Structural Integrity of a Building
General Loan Criteria
Description of the project, including location, whether it is new construction or rehabilitation, year built, total square footage, number and square footage of housing units created, project ownership, and key project members; Detailed project budget that outlines all sources and uses and loan amount requested, including amount and source of owners' equity investment, detailed itemization of professional fees and other expenses, total construction hard costs, total construction soft costs, etc.

Emerging Business

Transaction Range
$10,000-$50,000
Intended Purpose
Loans are considered to assist entrepreneurs in the start-up or scale-up of their businesses for the purpose of: Equipment; Inventory; Limited Tenant Improvements; Corporate Formation and Legal Issues
Financing Types
Loans are meant to position the company for growth and to meet the criteria necessary to qualify for the next level of financing. Senior Term Loans; Subordinated Term Loans (balloon); Working Capital Lines of Credit; Convertible Notes with Warrants
General Loan Criteria
Borrower(s) must provide a written business plan that is sponsored and submitted by a qualified business incubator/accelerator to the First Step Fund. Requested information includes financial projections for the business being financed which demonstrates the viability of the business with detailed budgets and demonstrated repayment capacity. Plans must also include detailed marketing, financial and operations plans; Borrower(s) must have a personal investment in the project (adequacy to be determined by the Investment Committee); Completion of predevelopment/start-up work and project timeline (milestones).

Qualified Sponsors' Training Programs

TechTown SmartStart
TechTown's SmartStart program clients work closely with TechTown staff, and an array of business consultants and service providers to create and execute a detailed strategy for growth.
TechTown FastTrac
TechTown FastTrac program, in partnership with the Kauffman Foundation, provides services for entrepreneurs that range from business conception to growth and acceleration.
SPARK Entrepreneur Boot Camp
Ann Arbor SPARK Entrepreneur Boot Camp program is two intensive days of learning that compresses the usual three-month learning curve to move a business to the next level.
TechTown and SPARK Business Accelerators
TechTown and SPARK Business Accelerators speed up the development of start-ups in the region with a variety of valuable services designed to shorten the time required to attract capital, customers, or other resources.
TechTown and SPARK Regional Incubator Networks
TechTown and SPARK both have Regional Incubator Networks which are one of the many vital components in the business acceleration process. Both incubators provide physical space, essential services and business development guidance &ndash at lease rates that are affordable for start-up companies.
TechTown and SPARK Wet Lab Incubators
TechTown and SPARK Wet Lab Incubators boast state-of-the-art life science and biotech research space in a collaborative entrepreneurial environment with established tenant interaction and support.

High-Growth Companies

Investment Size
Detroit Innovate will make initial investments in early stage, high-growth companies of $50,000 - $500,000 with considered follow-on investments up to a maximum of $1.5 Million for qualifying companies.
Focus
Detroit Innovate is focused on scalable technology-based companies in healthcare, transportation, advanced manufacturing and resource efficiency.
Target Area
Southeast Michigan with special concentration in the City of Detroit

Business & Equipment

Transaction Range
$500,000-$2.5 million
Industries Serviced
Manufacturing Companies; Distribution and Logistics Companies; Service Companies; Others
Intended Use
Business Expansion; Capital Improvements; Purchase of Equipment; Purchase of Real Property; Working Capital; Restructuring of Existing Debt
Financing Types
Loans of this type will typically be subordinated and are intended to assist the company / borrower in meeting the financing requirements of a traditional lender. Financing types considered are: Term Loans; Mezzanine Financing; Bridge Loans; Construction Loans; Commercial Mortgage Real Estate Loans
General Loan Criteria
A business plan which demonstrates that the future financial results of the company will service the senior and capital debt; The business must have experienced and successful management with three years of successful operating experience.

Transaction Range
$500,000-$2.5 million
Intended Purpose
Construction of Apartments, Lofts/Condos and Single Family Home Developments; Financing for Commercial Residential Rental Properties and Retail Centers; Bridging Tax Credit Equity; Purchase of Real Property Intended for Immediate Development
Financing Types
Loans of this type are intended to assist the developer in meeting the requirements of traditional lenders and are typically subordinate to the senior lender, but will not exceed 50% of the equity required for the project. Financing types considered are: Bridge Loans to Facilitate the Timing Gap of Monetizing Tax Credits; Construction Loans; Term Loans (up to 7 years)
General Loan Criteria
The borrower (developer) must provide financial projections for the project which demonstrate its viability along with detailed budgets and demonstrated repayment capacity; The developer/developers must provide three years of financial statements and sufficient information to evaluate the developer's cash flow and debt service capacity; Real estate loans require an equity contribution by the borrower/developer;

Neighborhood Retail

Transaction Range
$50,000$500,000
Industries Serviced
Retailers; Service Industries
Intended Use
Loans of this type are not intended to replace conventional bank and small business financing but to supplement it and to provide financing when alternatives are not available. Acquisition financing of investor-owned real estate is not eligible for consideration under the program. Loans are considered for the purpose of: Start Up Capital; Purchase of Equipment; Tenant Improvements
General Loan Criteria
A business plan that includes description of the business (including retail type), ownership, key managers and location, and marketing plan and assumptions; Applicants must contribute meaningful owners' equity in their projects and demonstrate a successful track record

View All Services

Provided by