Boardwalk Inn

Carolina Beach, NC

PROPERTY & INVESTMENT OVERVIEW

  • A 16-room boutique hotel on the Carolina Beach boardwalk, featured as one of America’s most awesome Boardwalks by Budget Travel

  • The property is on Carolina Beach, which was voted one of the best beaches in North Carolina by U.S. News
  • Current office will be converted to an additional rentable unit
  • Spectacular ocean views from its balcony
  • Purchase Price: $4.5M
  • Down Payment: $1.25 million ($1 million due at closing, $250,000 due by December 30, 2024)
  • Seller Note: $3.25 million at 3% interest for 5 years
  • Payment Terms: 12 months no payments, with 6 months deferred to the balloon payment
  • Capital Raise, CAPEX, and Reserves: $1.85 million for down payment, working capital, and reserves
  • Investor Payments: Quarterly
  • Closing Date: August 30th, with an automatic 30-day extension, if necessary

INVESTOR RETURNS

LIMITED PARTNER A & B: To incentivize investors with superior returns, we offer different preferred returns based on investment tiers:

Class A ($100K minimum) – 12% Preferred Return

Class B ($500K minimum) – 14% Preferred Return

Investors will receive preferred returns paid quarterly and are first in line to receive profits before GP splits.

The investment has a 5-year term and, while there is no equity involved, you will benefit from depreciation.

Limited space available.

This is on a FIRST COME, FIRST-SERVED basis.

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The testimonials, statements, and opinions presented are applicable to the individuals listed. Results will vary and may not be representative of the experience of others. The testimonials are voluntarily provided and are not paid, nor were they provided with free products, services, or any benefits in exchange for said statements. The testimonials are representative of client experience, but the exact results and experience will be unique and individual to each client. All offers and sales of any securities will be made only to Accredited Investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds or hold certain SEC approved certifications. Any securities that are offered, are offered in reliance on certain exemptions from the registration requirements of the Securities Act of 1933 (primarily Rule 506C of Regulation D and/or Section 4(a)(2) of the Act) and are not required to comply with specific disclosure requirements that apply to registrations under the Act. The SEC has not passed upon the merits of, or given its approval to any securities offered by Timberview Capital LLC, the terms of the offering, or the accuracy of completeness of any offering materials. Any securities that are offered by Timberview Capital LLC are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell any securities offered by Timberview Capital LLC. Investing in securities involves risk, and investors should be able to bear the loss of their investment. Any securities offered by Timberview Capital LLC are not subject to the protections of the Investment Company Act. Any performance data shared by Timberview Capital LLC represents past performance and past performance does not guarantee future results. Neither Timberview Capital LLC nor any of its funds are required by law to follow any standard methodology when calculating and representing performance data and the performance of any such funds may not be directly comparable to the performance of other private or registered funds.