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Private Network Overview Introduction Secure Capital Network has developed a proprietary system of automation tools for the private capital real estate market. Core to the design of this platform is the ability to establish a Private Network, which enables established groups to more easily complete transactions and increase profitability. Private networks are groups who already participate in or facilitate private capital real estate transactions, such as brokers, funds, and real estate investing groups. Through a private network, these groups can gain access to SCN’s full range of automation tools and other benefits, allowing them to work more effectively, and grow their business, while protecting and enhancing client relationships. Private Network Control and Compensation Private network members have full access to all automation tools and features. The primary difference is that private networks are managed independently of SCN – meaning all client access, transaction processing, and control of terms and margins is managed by the private network administrator, rather than SCN. Private Networks have the ability to set their own margins on opportunities. Default margins can be set by the private network administrator for each transaction type, and can be overridden on a per-transaction basis. Margins can be added to a variety of transactions terms, including % of total transaction amount, flat fee per transaction, adjustment of ROI to client, additional points, or additional interest. For opportunities submitted within the network, the network manager is responsible for setting terms with the borrower or seller, which include the private network margin. For opportunities passed on from SCN, the network manager need only set the margin.

Private Labeled Networks vs. Enterprise Networks A private labeled network has access to existing system features that meet the needs of most small networks. Private network managers can manage network members, evaluate opportunities and make them available to investors, set margins, and monitor transactions completed within their network. Private labeled networks can display a custom logo on the SCN system, with a “powered by SCN” label. Enterprise Networks are able to use SCN’s software transparently, and will appear to function autonomously and separately from SCN. Login, register, and other membership options are integrated into the network’s own website. All SCN pages display the network’s logo, and may include a custom header & footer, with only a short notice about licensing in the footer. Enterprise Networks have access to additional features that are more often needed by larger networks, and have the option to customize SCN pages and tools to meet their needs. All private networks are not only protected by security built into the platform itself, but also with strong confidentiality and non-compete agreements with SCN.


The following table summarizes some of the key features available to private networks:

Licensing

Private Label

Enterprise Network

Cost

Setup fee (fully refundable, applied against transaction fees for the first 6 months)

Setup fee, plus any additional customization (fully refundable, applied against transaction fees for the first 6 months)

Transaction Fees, as a percentage of funded total (completed between private network members)

Transaction fees based on transaction volume

Transaction fees based on transaction volume

Organization Size (# members)

2-25

Unlimited

Transaction Volume

Up to 25 transactions/month

Unlimited

Private network type

Individuals, brokers, small networks

Funds, large networks

Private network labeling

All screens behind login to display customized logo with a “powered by SCN” label

All screens behind login to display customized logo, header & footer template (with 3.0), with “software licensed by SCN” in the footer.

Custom Invitation

Ability to invite members with secure invitation. Invitation status tracking included

Ability to customize secure member invitation. Invitation status tracking included.

Custom Login

Login screen on SCN site links to private network

Custom login page, integrated into your site

Borrower and Lender Preferences

Standard set of transaction preferences

System can gather customized transaction preferences

Document Management Database

Standard document set available

Customized or specialized documents can be added to the system

General Features


Licensing

Private Label

Enterprise Network

Custom emails

All system-generated emails to include your business name

All system emails can be completely customized

Customized member signup agreement

Standard agreement included

Ability to customize member signup agreement

Transaction agreement

Standard agreement included

Ability to customize transaction agreement

Transaction processing

Full transaction support through closing and final payoff, with ability to integrate all participants into the transaction

Customized transaction processing available

Property submission & display

Support for residential “Fix and Flip” and “Buy and Hold” included

Customized property submission wizard and property detail display available.

Account Manager

Ability to assign an account manager to each client’s account, which gives the designated manager secure viewing rights to assigned client accounts

Included, with the ability to customize this functionality if needed.

Bulk property upload Negotiate transaction terms with network members

Optional (custom development) Included

Included

Ability to Approve or Reject properties submitted to the private network, either from network members, or from SCN

Included

Included

Assign properties to individual investors

Included

Included

Admin Features

Assign properties by criteria

Included


Licensing

Private Label

Enterprise Network

Set default margins for all properties

Included

Included

Set custom margins for individual properties

Included

Included

Non-compete, non-circumvent agreements

Included

Included

Transaction monitoring

Included

Included

Reports

Standard reports available

Custom reports available

Custom Development

Limited custom development may be available

System can be customized to Private network’s specifications. Custom development work will be paid for by Private Network, and an exclusive license to use any such custom software will be granted to the private network. If SCN desires to use this software in its generally distributed platform, then SCN shall have the continuing option to reimburse Network for the cost of the initial development, whereupon the exclusive license to use the Custom Development Work

Ongoing SCN Development

New features developed may be offered to Private Network, at SCN’s option.

Enterprise platform license will include ongoing enhancements to platform developed by SCN at no additional cost.

SCN Resources

Private Network Overview  

Overview of available features and benefits for private networks on SCN's platform.

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