What is a pledge for a MogulREIT offering?

Submitted by admin on Mon, 06/03/2019 - 20:18
Weight
1000
Answer

MogulREIT offerings may occasionally go into the Open for Pledging stage if we are currently at cash capacity relative to invested property assets. We want to ensure invested dollars in the REITs are, as readily as possible, invested into accruing underlying property investments and not sitting idle due to a cash imbalance. The pledge is non-binding, meaning there is no commitment to the investment by creating a pledge.