Related-party conflict disclosed — Benchmark Capital Management II, LLC / BCM / WMPCF (Affiliates)
MediumThe Company is expected to conduct business primarily with the Manager and its Affiliates by purchasing or funding Notes originated by Affiliates. These are affiliate transactions and terms may differ from arm's-length third-party transactions. Independent outside review of these transactions may not be performed.
“Specifically, the Company may conduct business primarily with the Manager or its Affiliates by purchasing or Direct Funding Notes Originated by the Manager or its Affiliates. These will be Affiliate transactions and therefore, the terms of the Notes may not be the same as if it were agreed upon via a third-party transaction. Notwithstanding the foregoing, the Company will only invest in those Notes and Properties that are in the best interests of the Company and said Notes or Property purchases will have terms that are commercially reasonable. It is expected that transactions may occur between the Company and its Manager, Principals, and/or Affiliates, and outside or independent review of these transactions may not be performed.”