Passive House Duplex
Passive House. The most stringent energy standard for buildings.
- Double impact. A Passive House duplex + carriage house that combines sustainability and missing middle housing approach
- Passive House. The most stringent energy standard for buildings
- Advanced sustainability. Super-insulated, air tight, solar gain optimized, and ventilated well
- Missing middle housing. Three units replace a former single-family house for increased density
- Knowledge sharing. Building construction tours planned to educate the local community on Passive House standard
We plan to distribute its Net Capital Proceeds first to Class B Members, the investors in this offering, pro-rata until each investor has received its unreturned initial investment along with a return of 10% of their Initial investment.
We have created a mathematical calculation based on our current assumptions about the Project's completion and net proceeds. We estimate that funds will be returned to Investors after two (2) years, when we anticipate that the Project will be sold. Cash flow and profits from liquidation are expected to net a total of $1,564,500 over the 2-year period.
Year 1 | Year 2 | |
Cash Inflows | ||
Investor capital (Class B) | $250,000 | |
Sponsor capital (Class A) | $130,000 | |
Grants & rebates | $173,000 | |
Deferred developer ree | $75,000 | |
Bank loan | $986,500 | |
Sales proceeds | $1,564,500 | |
Total Inflows | $1,564,500 | |
Cash Outflows | ||
Land acquisition | $350,000 | |
Construction hard costs | $1,034,500 | |
Construction soft costs | $80,000 | |
Developer fee | $75,000 | |
Class B investor return | $25,000 | |
To sponsor (developer fee, eeqity from grants & rebates | $223,000 | |
Total Net Cash Flow | $1,564,500 | |
Anticipate return for a $2,500 investor | $2,750 | |
As percent of investment | 110% |
Some of our assumptions will prove to be inaccurate, possibly for the reasons described in the Risks of Investing exhibit. Therefore, the results of investing illustrated in our calculation are likely to differ in reality, for better or for worse, possibly by a large amount. Please also review the Company's Operating Agreement, for additional detail on how distributions will be made.
The Company is engaged in a Regulation Crowdfunding (Reg CF) offering (the “Offering”) to raise money to build a duplex, to passive house standards, located at 1015 West 37th Street, Minneapolis MN 55409.
We are trying to raise a maximum of $250,000, but we will move forward with the Project and use investor funds if we are able to raise at least $125,000 (the “Target Amount”). If we have not raised at least the Target Amount by 11:59 PM EST on February 28, 2025 (the “Target Date”), we will terminate the Offering and return 100% of their money to anyone who has subscribed.
The minimum you can invest in the Offering is $2,500. Investments above $2,500 may be made in $2,500 increments (e.g., $5,000 or $7,500, but not $2,650). An investor may cancel his or her commitment up until 11:59 pm EST on February 26, 2025 (i.e., two days before the Target Date). If we have raised at least the Target Amount we might decide to accept the funds and admit investors to the Company before the Target Date; in that case we will notify you and give you the right to cancel.
After we accept the funds and admit investors to the Company, whether on the Target Date or before, we will continue the Offering until we have raised the maximum amount.
You can review the offering documents here or as registered on the SEC website. Investments under Reg CF are offered by NSSC Funding Portal, LLC, a licensed funding portal.
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.