Looking for as many as possible to give a hand this week after work.  Call your friends that owe you a favor.  The more people we get the less time this will take.  We will need a minimum of 4 people but I would like to see 6+ in order to do it without killing ourselves.

I will be picking up all the materials this evening (Mon.) and plan on being in WW on Tuesday evening right after work to get started.  I should be there between 4:30 and 5:00 PM and plan on working until about 9ish before heading home.  Hopefully we can get the majority of the work done, and finish up on Wednesday evening at the same time.

If you can help please contact me ASAP - (262)893-8437

This is one of those things that NEEDS to be done yesterday.  If you have tape measure, electric drill, drywall saw, chalk like, stud finder, razor knife, hammer and anything else you can think we may need please bring them along with you.  If we all work together we should  be able to knock this thing out fairly quick.  There's not a ton of special cuts or anything.  Just the few can lights above the bars.

I am very exited to announce that the renovations on 1036 W. Main are very close to completed. We also have leases signed for full occupancy during the ’09-’10 school year. I signed the final lease earlier this afternoon. We are still unsure of the number of occupants that we will have this summer, but the future is very promising for a sustained Alumni Association income. In essence, the first three units cover the cost of operations and the forth unit along with the summer rental adds directly to our bottom line income.

That being said, I’m please to be able to offer an opportunity for or current alumni members to invest in sustaining a future at the University of Wisconsin-Whitewater. Not only does this investment solidify our current accomplishments of the propertytransformation, but also allows a financial reward to those brothers that are interested.

What is this great opportunity and what does in mean to you? The bottom line is that we are currently looking at a property that has been assessed at approximately $550,000 and we hold a mortgage for right around $360,000. That in itself is good news.  That means we still have approximately 35% of the property’s equity remaining. However, until the ‘09-’10 school year begins we don’t show an income to support our current liabilities. After throwing around a number of ideas we, as a board, have come to the conclusion that our best option is to offer a bond of sort, to our alumni base.

What we are offering is the right to invest with us, against the property’s still abundant equity, and earn a 5% APR over the next 24 month period. We are going to limit the number of notes that can be purchased for now to afford more brothers the opportunity to invest if they so choose. These notes are being offered with the same terms as a common bond with semi-annual coupons dispersed. What this means is that each alumni member that chooses to purchase a promissory note will receive the following payments:

As stated above, we will be limiting this rare opportunity to five(5) notes per alumni in order to give more brothers the chance to reap the benefits of this program. We are also limiting the amount of notes sold to a strict 30 note maximum in order to assure repayment and limit the Alumni Associations cost of providing this service.

If you would like to purchase one of these notes please contact me ASAP. Due to the limited amount of notes for sale we will be handling all investors on a first-come-first-serve basis. Please contact me directly either by phone or by email.

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