Raising Funds Via The Radio?
Having trouble raising that next fund? Then perhaps it's time you hit the airwaves, with a radio ad asking listeners to invest. Maybe you could even come up with a clever jingle... I know what you're thinking: "That's illegal solicitation, and the SEC would be on us before the thirtieth second." And I'd normally agree with you, save for an unusual item in this morning's Commercial Mortgage Backed Alert. It describes a firm called Wilshire Finance Partners, which next month will run radio ads for a $100 million-targeted fund that would originate bridge loans on commercial properties in California. The trade pub writes:
21 September 2009•2 mins read
