In this article you will learn how an investor or LP (Limited Partner) will accept a Capital Call for a real estate investment.
1. After you, the investor, accepted an investment in Commercial Real Estate, you will receive a Capital Call request from your investment management. When you log in to your Investor Portal, you will see "Payment request from GP account is waiting"
2. You will be connected to your "My Portfolio" screen.
3. When you scroll down on this page, you will see the details of your Capital Call request. You will add in your country.
4. A screen will pop-up, select fund commitment.
5. Next, the bank account of the investor needs to connected (if not already connected). If the LP account is already connected, you can skip to step 16.
6. Covercy uses Plaid (a Banking as a Service platform) to connect the investor bank account with the Investor Portal.
7. Select the banking institution.
8. Authenticate the bank.
9.Login to your bank.
10. Next step is to verify your identity with your bank.
11. Input the verification code
12. Select the account.
13. Confirm
14. Confirmation screen
15. Success
16. Now that your account is connecting, you can continue to fund your account. Confirm this is the correct account.
17. Make the transfer to fund the Capital Call.
18. You will see a message saying "success" and it will quickly redirect to this screen that shows there are no further Capital Calls.
