Commongrounds Cooperative

Real Estate

Security Type
Debt
Categories
Real Estate
Min Investment
$100
Location
TRAVERSE CITY, MI
Expected Close Date
June 01, 2022
Amount Raised
$418,400
Target Raise
$100K-$2M
No. Investors
313
Security Price
$1

Company Description

Commongrounds is a real estate cooperative in Traverse City, with a goal to develop real estate that meets community needs and increases quality of life in the region.

Perks

Commongrounds Cooperative is offering perks to investors.You earn the most valuable perk available based on your total investment amount in this business. You will not also receive the perks of lesser value, unless specified below.

Toucan Investors

Invest $500 or more to qualify.
25 of 100 remaining
Exclusive building tours before grand opening,

Free admission to grand opening party

Free admission to annual investors party (like a flock star)

Swag

Discounted food/drink at and free admission to events on community investor days (2x per year)

Like something a little more 'concrete'? How about your name in our recognition/gratitude wall!



Double Down Perks (For Previous Investors)

Invest $500 or more to qualify.
97 of 100 remaining
Receive all the rewards for your investment level PLUS "double down investor swag" and a free drink ticket to October 10th, 2021 Iron Fish event ($15 value).



Blue Jay Investors

Invest $2,000 or more to qualify.
65 of 100 remaining
All $500+ Rewards AND:

Daily beverage discounts including $1 Higher Grounds coffee Daily Brew (Effective Immediately at Higher Grounds Cafe in the Commons!)

10% off first Iron Fish cocktail

One free Commonplace coworking pass every month

One ticket to a show in 2022 or 2023 (and early access to select!)

Bold impression on the recognition wall.



Owl Investors

Invest $10,000 or more to qualify.
34 of 50 remaining
All $2k+ Rewards AND:

Free annual Commongrounds Coop membership in 2022 (about $100 value)

Two tickets to two shows in 2022 and 2023 (and early access to choose tickets)

Six months Higher Grounds coffee subscription

Ten hours of meeting time per year in Commonplace in 2022 or 2023.



Cardinal Investors

Invest $50,000 or more to qualify.
10 of 10 remaining
All $10k+ Rewards AND:

Annual coworking membership at Commonplace (about $1,500 value)

Private Group Cooking Class with Tony Vu (Executive Chef -- The Good Bowl, MaMang, Flint Social Club) for up to 8 people. (Subject to Chef availability). (limit 3 investors)

Two tickets to six shows in 2022 or 2023 (with early access to choose tickets)

Private Higher Grounds coffee tasting, brewing class, and tour for 6 people

Free two-nights stay per year in the Commongrounds Coop suite overlooking the Boardman River (subject to availability).

Free use of tent or gallery space for private party at Iron Fish Distillery, including free guided distillery tour for guests (use in 2022) (limit 3 investors) (guest responsible for planning/beverage and food costs)

Large plaque/brick with your name in the building



Bald Eagle Investors

Invest $100,000 or more to qualify.
3 of 3 remaining
All $10k+ Rewards AND:

Private Chef Dinner Experience with Tony Vu (Executive Chef -- The Good Bowl, MaMang, Flint Social Club) for up to 8 people. (Subject to Chef availability). (limit 3 investors)

Annual coworking membership at Commonplace (about $1,500 value)

Free barn and wooded ceremony site rental for private party, family reunion, corporate party, or wedding at Iron Fish Distillery (Saturday excluded, valid Jun-Oct through 2022, guest responsible for planning/beverage and food costs) (market value up to $5100) (limit 3 investors)

4 tickets to 6 shows OR free private rental of the listening room space for one day (subject to availability)

Higher Grounds consultation on a personalized home brewing system and a HG Coffee Bar credit up to $200 towards your personalized home brewing system

Free one-week stay per year in the Commongrounds Coop suite overlooking the Boardman River (subject to availability)(Can be donated to Artsit Residency program).

Large plaque/brick with your name in the building




Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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