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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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