With our Flexible Participation Solution, Capital 1 will acquire up to thirty (30%) percent of a preconstruction or conversion project.  Under this Solution, Capital 1 has the exclusive right to arrange for the reselling of the property to a third party with the assistance of the developer.  Additionally under the Flexible Participation Solution, Capital 1 must close on the property upon the satisfactory fulfillment, by the developer, of all its obligations pursuant to the contracts.   The typical terms of our Flexible Participation Solution are as follows:             Wholesale discounting of property pricing, which equates to a set discount against the first preconstruction offering price.             A dollar for dollar reduction guarantee in the purchase price is required in order to maintain the price differential between our property and the developer’s property.             Developer to effect an immediate price increases on the entire inventory.             The developer is entitled to participate partially in the price appreciation above the minimum price spread in accordance with a participation schedule.             Deposits to be held by a bonded and insured escrow company.             No part of the deposit may be used for construction.             We will be permitted to transfer the property by assignment without charge.             No other purchasers may assign until we are out of the project.             We will be permitted to be among the last to close.   Due to the increased closing risk, the discount is typically higher than the Invariable Yield Solution.