Boutique Hotel By The Associates Incubator

$300000 (a) Repayment 3-5 years (b) 10% profit sharing- 3-5 years (c) recapitalization of 5% appraised value. Est. return 33% annually. Secured by property.

  • Stage Full Product Ready
  • Industry Real Estate
  • Location New York City, NY, USA
  • Currency USD
  • Founded July 2017
  • Employees 3
  • Incorporation Type LLC
  • Website theassociatesincubator.com

Company Summary

Launching a high-tech hotel in a Brooklyn Brownstone. Raising $300,000 in mezzanine financing. Offering:
-100% repayment in 3-5 yrs at 5% interest,
-10% profit sharing 3-5 yrs.
-recapitalize the investors stake at 5% of the appraised value at the time all funds are repaid.
The estimated annual rate of return is 33%. The entire investment will be secured by positions on two real property assets with advantageous LTV.

Team

  • David O Kuranga
    Managing Director & CEO

    Dr. Kuranga is the founder and Managing Director of The Associates Incubator. He is an international scholar with a decade of experience in development research and management consulting in Africa. Prior to launching the fund, he served as a senior advisor to Investment Banks and Funds active in Africa including Nova Capital to provide front office services to the bank and its clients. The firm continues to work with se

  • David Kuranga

Advisors

  • Kemi Kuranga, JD, NYBA
    Lawyer
    Unconfirmed
    NA
    Accountant
    Unconfirmed

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