Invest!
You are interested in Investing in Rochester’s art scene and supporting our amazing outlet for displaying some out-of-this-world creativity! Great! This will be done in $5,000 increments.
We accept investments based on the interest-only method, a win-win situation. This is how it works:
Example:
You invest $20,000 and seek 6% interest (CDs are 1% now)
6% of $20,000 is $1,200 per year, or $100 per month.
Therefore, you’d receive $100/month for an indefinite time period. When momentum hits and Cosmic has great sales and thus surplus, you’d receive your $20,000 back and keep the interest you’ve earned. This may take ten months. It may take two years, or longer. However long it takes, you’ll keep getting monthly interest payments.
Note: A five year loan means Cosmic would pay a bank (or you) $386.66 per month for principle and interest..
How this is a win-win:
You – Your investment supports the program and nets you monthly income. You can let it ride, or increase it, or give notice to get it back. Very flexible and fairly liquid. To continue the example, if after one year you need $8,000 back, give Cosmic notice. You will get $8,000 back and the remaining $12,000 will continue to earn 6% interest. Your monthly disbursements will now be $60 until you make another lump sum withdrawal.
Us – Cosmic has lower monthly payments ($100 rather than $386.66). Cosmic has the option of paying back your lump sum sooner than a traditional loan would, with no penalties, clearing the debt and allowing for more money for the artists.
I’m Interested!
Contact us and let us know you’d like to invest in Rochester’s art scene!