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tags: Rigor
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# Rigor DAO

Rigor Questions:

- Rigor operational
- Rigor treasury contributors
-

01/18/2022

Pain-point of borrowing money from the bank, regardless of having all the docs in place
Banks are not qualified to make these decisions
Lending Group are specialized

Philip Cox - developing commercial
Where to find capital? Esp give up on banks
Developer became the general contractor itself, pooled capital together to build as partnerships
Created REITS, built 3 giant properties with $20M valued at $60M
- how much interest paid? But everyone owns a piece, and the return is on revenue
- 8%-12% return - developers don't want to pay more than that, that matches those who would rather just put into the market

The property needs to be secured, there's always going to be a building sitting there to attach to the finance.

Now is the time to streamline and update the platform to allow for people to enter

Take a look at a Case Study/project, and how to use the DAO to fund, and how that could have played out

Questions:
1. commercial loan interest at bank?
- (8 years ago it was 25 yr locked in for 5 years and refi every 5 years, at 5.5%, not getting Jumbo loans like 80M builds)

DAO - co-owned Lending Group
They are able to get into the business that are already monopolized

pain-point: Huge banks and huge developers win the market

Find bigger pockets, get these guys into DAO

He hates crypto

Next Call:

1. intro to real estate 26 yr old who doesn't crypto
2. case study call of how DAO would have fund it / economics call