Splendonor is a 401(c)3 US-based non-profit organization staffed by experienced commercial real estate finance professionals, construction professionals, and educators who work together to advance sustainable human capital around the world. The specific purpose of Splendonor is to link reliable donors with sustainable projects in underserved communities.
Splendonor offers three unique features:
1. The ability to facilitate the funding of worthy local projects by philanthropy organizations and individual who would not otherwise have access to these projects.
2. A donation platform that enhances the donor experience through direct, one-to-one donations and transparent monitoring by the donor throughout the construction process.
3. A professionally managed project selection and funding platform using best practice commercial real estate risk management protocols
Splendonor offers a simple, one-to-one donation structure. The Splendonor platform will allow donors to select the project(s) that best match their philanthropic objectives, choosing from an array of pre-screened, pre-qualified and risk-approved development opportunities ranging in size from $1,000 to $500,000 per project. Each donor will have the satisfaction of fully funding a specific project. If they wish, a donor can pool their investment with other like-minded donors for larger projects. After funding, donors will be able to track the progress of their sponsored project from start to completion through a cutting-edge web-based project monitoring platform that will provide full project transparency through features such as monthly on-site progress reports, periodic budget and schedule updates, and live stream site cameras; features designed to facilitate a rewarding donor experience.
A professionally managed project selection and funding platform using best practice commercial real estate risk management protocols. Taking advantage of 25 years of commercial real estate construction finance experience, Damian Wach and the Splendonor team will perform rigorous technical due diligence prior to approving any developmemt projects. This due diligence will confirm:
- The value or need for the project
- The economic sustainability of the project
- The full entitlement or approval of the project by municipal authorities
- The qualifications of the local design and construction team
- The completeness and quality of the construction drawings and specifications
- The adequacy of the construction budgert and schedule
Only well qualified, sustainable projects with maximum local impact and long-term stability will be approved for Splendonor sponsorship. And once approved, Splendonor will advance funds using best practice real estate construction finance protocols, including incremental funds disbursement based on progress of work confirmed by regular third party site inspections. This combination of local construction resources, rigorous risk management techniques, and best practice construction funding protocols will assure timely and cost-efficient project completion.