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Angel or Mezzanine?

Fund: New Vantage Group

Posted by innovator on 2007-05-08

PUBLIC:

This is supposed to be an angel group. Their risk appetite seemed more like a mezzanine group. Made up of a bunch of speculators looking to put their money in something now that the real estate boom is over. Looking for a 30% flip in a year... works fine if you're a gas station or deli. On a positive note, John and Sam are good people and are trying their best with the group and fund structure they have.

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