Vendaval

Vendaval

Your Success Begins with Vendaval

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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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Valuation

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.

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