Vendaval

Your Success Begins with Vendaval

Security Type: Preferred Stock
Categories: Real Estate
Min Investment: $100
Location: Huntington Beach, CA
Offering Date: August 21, 2019
Expected Close Date: December 31, 2020
Target Raise: $50.00K-$1.07M
Deal Notes: Price per Share: $0.40
Valuation: $20,000,000

Company Description

Vendaval, Corp is executing on a plan to develop Approximately 2 Acres of 94 Residential Units & 20,000 sf of Commercial Facilities, Entertainment Facilities, restaurant and other amenities to support these 94 apartments and local residents and create a lot of new jobs in Santa Ana, California. Vendaval, Corp, will achieve a market leadership position by bringing additional living accommodations to this community and the surrounding large metropolitan area. Vendaval, Corp unveils this opportunity, a next independent living new community.

Key Deal Facts

Property is located in Santa Ana, California
Operational within 2 years of start
Will be pre-leased as soon as the construction begin

Use of Proceeds

Office Setup $6,000 - $6,000
Legal Expenses $5,000 - $10,000
Accounting & Administration $4,000 - $15,000
Salaries $29,000 - $60,000
Real Estate Consultant Fees $0 - $30,000
Marketing $0 - $30,000
Construction Cost (Partial) $0 - $200,000
Land Cost (Partial) $0 - $600,000
Reserve $1,750 - $63,750

Management Team / Advisory Board Bios

Nadim Nick Saifan Jr. - President, Director

Deal Notes

Price per Share: $0.40

Amount Raised : $8,600

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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.