Red Feather

Red Feather

Brad is raising funds to transform his restaurant

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Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Cincinnati, OH
Offering Date
October 19, 2020
Expected Close Date
January 06, 2021
Target Raise
$50.00K-$250.00K
Deal Notes

Loan Purpose: Purchase of equipment and move into new retail space

 Interest Rate: 7.00%

 Payments: Monthly, disbursed to investors quarterly 

 Maturity: 6 months interest-only period + 54 months fully amortizing

 Personal Guaranty  : Brad Bernstein

 Security Interest: Blanket lien on assets of company

Company Description

The Red Feather is a contemporary American farm to table restaurant located in the Oakley neighborhood of Greater Cincinnati. We offer an upscale casual dining experience with an emphasis on classic culinary techniques and slow, careful preparations. It is a perfect meeting place for after work cocktails with friends, business meetings, date nights or lavish celebrations. Warm woodwork surrounds our three separate dining areas each with its own personality, from cozy and intimate to bright and airy. We also offer an up close and intimate Chef's Table where one can watch the preparation of our cuisine and interact with our Chef/Owner. The Red Feather stands for innovation, rough luxury, and honoring those who worked hard to bring us the products that we are proud to serve and enjoy.

Postmark Restaurant is a new American restaurant with a “farmhouse refined” concept that champions the “slow food” movement – showcasing the best of local farm goods, old world ingredients & artful products, food and wine related. Working directly with merchants, farmers, & importers to preserve an epic tradition of culinary cultures and practices with thoughtfulness and purpose, Postmark is where great food and drink are honestly prepared and served. Dedication to craftsmanship is part and parcel to the Postmark Restaurant experience. The setting is re-purposed, reused, and up-cycled: worn and weathered, cozy and comfortable, yet rustic and rugged. It is filled with old world charm and nostalgia; fine dining meets farmhouse style. The postal theme (being that Postmark is located in a space that was formally a post office) is portrayed by post office antiques, prints and decor, throughout the dining room. A small additional space has been renovated into a lovely retail wine shop with a 400+ bottle catalog. Chef Bernstein’s culinary style at Postmark leans towards approachable elegance with a creative and playful appreciation of luxury. Thinking globally and sourcing locally is a staple of the Red Feather Trade Co. brand. Postmark is located in the bustling and vibrant neighborhood of the historic Gaslight Clifton area of Cincinnati – centrally located and a hop, skip and jump away from the University of Cincinnati.

Key Deal Facts

Red Feather was a Top 10 Restaurant in 2014 (Cincinnati,Ohio) (Cincinnati Magazine)
Postmark was #1 New Restaurant 2017 (Cincinnati, Ohio) (Cincinnati Magazine)
Winner of Guys Grocery Games 2019
Best Mother's Day Brunch in Ohio 2019 (USA Today)
Snail of Approval Award 2016 (Slow Food Cincinnati)
Featured in Truth, Love and Clean Cutlery (Sustainable and Organic Restaurant Guide)

Management Team / Advisory Board Bios

Chef Brad Bernstein

As the son and grandson of a well-known Cincinnati food service and entertainment family, Brad Bernstein started on a fast track to the front office. But after earning his bachelor’s in finance at the University of Cincinnati, this restaurant-business scion headed straight for the kitchen, embracing a slow-food philosophy that focuses on small-scale and individual craftsmanship.

Bernstein is now the chef and sole proprietor of the Red Feather restaurant in Oakley, which Cincinnati Magazine described as “offering up dishes of high-end comfort grounded in skillful preparation and a keen awareness of seasonality."

In 2017, Chef Bernstein opened his second restaurant Postmark in the vibrant Gaslight district of Clifton, Cincinnati. The direction of Postmark steers towards approachable elegance with tapas style tasting menus, a gorgeous retail wine shop, live music nights and pop up style dinner parties for which guests can buy tickets to attend. And in step with Red Feather Kitchen, expert service for any and all who walk through the door.

Deal Notes

Loan Purpose: Purchase of equipment and move into new retail space

 Interest Rate: 7.00%

 Payments: Monthly, disbursed to investors quarterly 

 Maturity: 6 months interest-only period + 54 months fully amortizing

 Personal Guaranty  : Brad Bernstein

 Security Interest: Blanket lien on assets of company

Amount Raised : $0
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Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

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