The Van Zant House
A historical property and birthplace of Southern Rock
The Van Zant House is an historical property that the childhood home of Ronnie, Donnie, and Johnny Van Zant of the rock bands Lynyrd Skynyrd and .38 Special...the Birthplace of Southern Rock.
Musicians Ronnie, Donnie, and Johnny Van Zant spent their formative years growing up in this house between the 1950’s and the 1980’s. While living here, a serendipitous foul ball off of the baseball bat of Ronnie Van Zant at a nearby park, struck a young Bob Burns on the head, knocking him unconscious. This chance encounter led to what would soon become one of the most famous, hardest...
- Security Type
- Min Investment
Jacksonville Beach, FL
- Offering Date
- October 23, 2020
- Expected Close Date
- December 21, 2021
- Deal Notes
On completion of raise and payoff of existing mortgage held by CIVIC Financial, title will transfer to Van Zant House Inc.
Funds Raised via SAFE Agreement, no voting interest.
Board of Directors will be selected from SAFE holders
Board of Directors will appoint President/CEO to run operations and oversee the property.
Board of Directors via decide equity distributions as well as eventual disposition of property.
Use of Proceeds
- Repayment of existing debt - $250,000 + any payoff and title transfer expenses
- Repayment of current owner - $200,000, $50,000 of which will be re-invested into the new entity
- Reserves for replacements: $50,000
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