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2339 Fair Oaks Building. Company Structures. Prola Vega LLC. 2339 Fair Oaks LLC JAS Manager Borsac non-voting member. 2339 Fair Oaks RE LLC JAS Manager. PVRE LLC JAS Manager. Company functions. Prola Vega LLC: holder of the mortgage on 2339 building

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Company structures
Company Structures

Prola Vega LLC

  • 2339 Fair Oaks LLC

  • JAS Manager

  • Borsac non-voting member

  • 2339 Fair Oaks RE LLC

  • JAS Manager

  • PVRE LLC

  • JAS Manager


Company functions
Company functions

  • Prola Vega LLC:

    • holder of the mortgage on 2339 building

      • Will receive payments from 2339 FO LLC

    • PV Capital:

      • contributed capital to 2339 FO LLC to cover operation, maintenance, etc of building

      • Also includes funds for tenant improvements

      • PV capital earns 12% per annum preferred return

  • 2339 Fair Oaks LLC

    • Will hold obligation to make payments on Borsac mortgage note

  • 2339 Fair Oaks RE LLC

    • Will hold lease with Sunflower

    • Will receive and hold ground lease from Borsac

    • Will hold title to building

  • PV RE LLC

    • Hold promissory note with Sunflower for $1M in TI with 6%

  • Borsac 1


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