b'To calculate the amount you need to raise from investors, subtract the bank loan from the total uses of funds. The difference is the amount of capital you need to raise from investors. Its important not to separate what you will contribute from this number, as you can be an investor, treated exactly like any other investor, for any amount you contribute or leave un-reimbursed in a specific property.Value Add Projects The uses of funds will typically include the following acquisition costs:Down payment,Legal fees (real estate and corporate securities counsel; plus lenders legal fees),Due diligence expenses,Capital improvement budget,Closing costs,An acquisition fee that gets paid to the asset manager,Working capital and reserves. andLender-required reserves Development Projects For a real estate development project, all of the money might be raised fromprivateinvestorstoacquirethelandandobtainentitlements. Entitlementstypicallyincludeengineering,architecturaldesign, governmentapprovalsorpermits,re-zoning,etc.Oncetheprojectis 109'