WHAT WE DO

 

Calçada Investment Management was born after a successful partnership between Marc Laufer and Alexandre Sanko. They decided to unit their forces and know-how to create a company capable of managing projects for third party investors in the most transparent and straight forward way possible. In order to ensure an alignment of interests, Marc Laufer is often co-investor in the projects put forward by Calçada Investment Management.

 

Calçada Investment Management has a very straight forward approach towards real-estate investments: We source value added projects and manage the asset until completion of our mission. The vehicle may be refinanced or recapitalized during it’s existence (sale as a whole or sale of each unit).


Our extensive network allow us to be pro-active in the asset sourcing phase. Our deep market knowledge allows us to determine the best use for the asset (residential, hotel, student facilities, senior housing, etc).

Calçada Investment Management reports directly to it’s investors, updating the schedules and forecast.

 

Calçada Investment Management focuses on 3 main activities:

  • Operating/ managing partner on real-estate projects:

    • For investors in search of less risk/ less return, we can open the capital of SPVs that have matured

    • For investors in search of more return/ more risk, we can source new projects in need of more work

  • Specific project management: Sourcing, in depth analysis and exit strategies, negotiation, financing and leveraging, closing, total project management with architect and contractors, end-user marketing, negotiation and closing

  • Global Asset Services. Asset services include: sourcing, negotiating, closing, appraising, marketing, managing capital expenditures, managing bank financing/ re-financing, exit strategies, fiscal optimization, etc

 

Calçada Investment Management structures its projects in the following way:

  • Sourcing funds

  • Sourcing projects

  • Analyzing and short-listing projects

  • Underwriting LOIs

  • Selecting architects, negotiation of terms and conditions of their services

  • Collecting funds from private investors

  • Leveraging the equity with local and international banks, analyzing terms and conditions

  • Negotiating terms and conditions of the promissory agreement of purchase and sale (Asset deal or share deal)

  • Incorporation of an ad-hoc company (SPV) which will be the vehicle for the project

  • Closing the purchase

  • Managing the project (Architectural, licensing process, legal, administrative, accounting, construction)

  • Bi-monthly reporting to the shareholders

  • Sale of the asset in its whole or by unit or keep it in a specific real-estate fund if the yield is considered adequate

  • Distribution of the net profit

Fee structure:

  • Base fee: % of the total amount of invested equity

  • Performance fee: % of the profit based on the successful ROI of the project

  • Financing fee: % of the amount of debt granted for the project

  • Value engineering fee: % of the savings effectively obtained on the costs of the project