Reading the Fee Schedule: Every Fee, Disclosed.

Every private investment has fees. The question is never whether they exist — it is whether you can find them, understand them, and judge them fairly. Here is how to read ours.

A fee schedule is one of the most important documents in the document room. It lists every charge attached to a project: what it is, when it is taken, and from what it is calculated. If you cannot find a fee, or you cannot understand when it applies, treat that as a red flag — not just on our platform, but anywhere you invest.

What a complete schedule shows you

A properly disclosed schedule covers four groups of fees:

• Entry fees — charged when you invest. Look for the percentage and what it applies to (your committed capital, or the amount actually deployed).
• Management fees — the ongoing cost of running the asset, usually a percentage of assets under management or of rental income, charged monthly or quarterly.
• Performance fees — taken only when the project earns above a defined threshold. Check the threshold, the percentage, and whether it is calculated on profits above that line or on total returns.
• Exit fees — charged when the asset is sold or you exit. These matter most to your final return because they apply to the largest number: the sale price.

How to read it like a sceptic

1. Check the base, not just the rate. A "2% management fee" on rental income and a "2% management fee" on asset value are very different numbers. Always confirm what the percentage multiplies.
2. Follow the order of the waterfall. Fees taken before distributions are senior to your payout. Ask which fees come out first when money is distributed.
3. Add them up across the holding period. A small annual fee compounds over five years. Model the total fee drag on a realistic holding period, not just year one.
4. Compare like with like. Two projects can quote similar management fees but differ wildly on performance fees and exit charges. Compare the full schedule, not one line.
5. Ask what is missing. Third-party costs — valuers, auditors, legal work — may sit outside the headline schedule. Check whether the schedule claims to be exhaustive.

Why we publish ours

Fees are where trust is built or broken. A platform that hides its fees is asking you to trust it on the one thing it has a financial interest in obscuring. We publish the full schedule for every project before you commit capital, because an investor who understands the costs can make a real decision — and a real decision is the only kind worth having.

Capital at risk. Educational content, not financial advice.