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Security Type
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CAFES
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Categories
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Technology, Real Estate, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$250.00K
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No. Investors
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593
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Security Price
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$1
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Valuation
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$1,178,000
- Number of Employees
- 0
- Cash
- $53,559
- Revenue
- $31,689
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $1,400,000
- Net Income
- $-17,757
Key Deal Facts
Own cash-flowing asset for $250
Silicon Valley-style coliving “accelerator”
Official Temple University housing partner
Seen on CNBC, Yahoo Finance, Forbes and more
$204K gross rental income; 58% LTV senior loan
150% valuation increase since first raise
Trade shares on NYCE app (12 months)
Opportunity Zone tax benefits
Management Team / Advisory Board Bios
Philip Michael CEO, NYCEAs head of NYCE, Philip’s led NYCE to a record-setting raise, built the NYCE app, while adding $211M in AUM during a pandemic. Has 152K followers on Instagram., Martin Braithwaite Co-Founder, NYCESlapped with a $324M price tag, Martin Braithwaite is an FC Barcelona striker alongside Leo Messi. As CVO, Martin is responsible for the overall long-term vision of NYCE.
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Business Idea
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Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.