What is an Expense Reserve on Glassboard?
An Expense Reserve is uncommon for an SPV; however, it is a service Assure can provide. Additional banking fees will apply.
It is a common misconception that it is required to pay for Assure's admin fees. An Expense Reserve is not required to pay for Assure's admin fees: Assure takes a deposit up-front and the remainder will be collected at the time the investment is made and the deal is closed.