El Centro Home

OFFERING HIGHLIGHTS
  • Anticipated 2.35X return
  • $2.4M raise through two offerings
  • Reg CF offering for non-accredited investors
  • Warehouse conversion to school
  • 10-year NNN lease signed
  • Classrooms, culinary training and more
  • Transit, food and shops nearby
  • Preferred equity offered
  • 9-yr investment horizon
  • Offering closes September 23, 2024
El Centro Home

From vacant warehouse to workforce training.

Open to Accredited Investors Only

This investment opportunity it open to accredited investors only. You can review the definition of an accredited investor here. The minimum investment amount is $10,000. If you not an accredited investor you can find the Reg CF investment opportunity offered simultaneously hereThe goal is to raise $2.4 million through both offerings.

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Impact Highlights
  • Revitalization. Repurposing a vacant property into a school designed to enhance learning
  • Minority project partner. Latino-owned firm providing development support
  • Workforce training. A path to success for students disengaged from high school
  • Community. 200 students yearly, the majority local residents
  • Job creation. 50 construction jobs plus 20 permanent jobs
  • Construction underway. Completion anticipated soon.
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About the project
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Renderings
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How will this work for you?

We are offering the investment based on an 70.8/29.2 Limited Partner (LP) investment on the $3.3 million of total owner equity, or $2.4 million of LP equity required, according to the equity waterfall structure described below. The waterfall is projected to generate a 2.35x equity multiple over a 10-year hold.

Partner Splits IRR GP LP Developer
Hurdle 1 8% 29.2% 70.8% -
Hurdle 2 12% 30% 70% -
Thereafter - 40% 60% -
Developer fee - - 0% 100%

 

Partner Returns Project LP
Contributions $3,350,527 $2,373,180
Distributions $7,869,953 $5,577,595
Profit $4,519,381 $3,204,415
Equity Multiple 2.35X 2.35X

You can download the mathematical calculation shown below, which is based on our current assumptions about the project's completion and operations. This calculation shows what a $25,000 investment might return to you. Some of these assumptions will prove to be inaccurate, possibly for the reasons described in this Risks of Investing document. Therefore the results of investing illustrated below are likely to differ in reality, for better or for worse, possibly by a large amount.

 

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About the Change

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Listen to the Podcast
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About the developer
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About the Building
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About the offering

The Company is engaged in two simultaneous offerings of its securities: An offering under §4(a)(6) of the Securities Act of 1933, which we refer to as the “Reg CF Offering” and an offering under 17 CFR §230.506(c), which we refer to as the “Reg D Offering”.

We are using the money from the two offerings for the same purposes and we are offering the same security in both offerings. When we refer to “the offering” on this page we mean the Reg D Offering, unless indicated otherwise.

Because money is fungible, we don’t care whether the money comes from the Reg CF Offering or the Reg D Offering. Thus the Reg D Offering itself has no “minimum” amount. However, we will not close on the Reg D Offering until either:

  • The Reg CF Offering has reached the target amount of $2,500; or
  • The amount raised in the Reg D Offering by itself is equal to at least the target amount of $2,500.

We will stop raising when either:

  • We have raised at least the target amount of $2,500 in the Reg CF Offering and the total amount we have raised in the Reg CF offering plus the amount we have raised in the Reg D Offering equals our maximum of $2,400,000; or
  • We have not raised the target amount in the Reg CF Offering but have raised the maximum amount in the Reg D Offering.

If we reach our target amount before the offering deadline we might close this offering early.

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SHIFT + VOYAGE PARTNERSHIP
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About the risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.

In making an investment decision, Investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.

The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

There are numerous risks to consider when making an investment such as this one and financial projections are just that - projections. Returns are not guaranteed. Conditions that may affect your investment include unforeseen construction costs, changes in market conditions, and potential disasters that are not covered by insurance. Please review Risks of Investing for a more expansive list of potential risks associated with an investment in this Company.

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Follow the change.