PROJECT INTRODUCTION Ragged mountain is

Transcription

PROJECT INTRODUCTION Ragged mountain is
PROJECT INTRODUCTION
Ragged mountain is a four-season, family destination resort community. Located just 98 miles from downtown
Boston in Danbury, New Hampshire, it’s a fully master-planned community for the entire family. Activities include
skiing, snowboarding, golf, hiking, mountain biking, fishing, swimming, lakeside camping, kayaking, boating
mountain coaster and much more.
Ragged Mountain Resort has been an operational, revenue-generating golf and ski resort for over 40 years.
Currently there is an opportunity to significantly expand the facilities to provide for additional recreational activities
and overnight accommodations.
PROJECT DETAILS
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Developer, Pacific Group, has a 25-year history of developing golf and ski resorts all over North America.
Pacific Group, its affiliates, and partners have been responsible for billions of dollars in commercial real
estate development.
620 Ragged Mountain Road, Danbury, New Hampshire 03230
www.raggedmountainresort.com
Ragged Mountain has a forty-year (40) history as a revenue-generating ski resort
Mt. Sunapee, Gunstock, and Waterville Valley are within 30 miles of the resort and the most comparable to
Ragged Mountain Ski Resorts’ offerings
CURRENT AMENITIES
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2,100 acres with 1,250 feet vertical drop
2 Ski Lodges – Day lodge and skier services lodge
5 Ski Lifts on 2 Peaks
50 Ski Trails
4 Terrain Parks
3 Restaurants
Food Services – Catering functions for events
Ski Rentals
Ski Schools
Ski Patrol
18-Hole Golf Course
EXPANSION TO INCLUDE
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40-unit hotel
Condominiums
Lots and Cabins
Increase capacity of entire resort
Addition of new ski lifts
Replacement of ski lifts
Addition of Real Estate lifts
Snowmaking equipment
Trail work and grooming
All investments are subject to USCIS rules and regulations.
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Enhanced summer activities
Mountain Coasters
Mountain Bike Course
Hiking Trails
Golf Course Improvements
Lodge expansion
Convention meeting areas
Spa Facility
Retail Expansion
Expanded rental area
Expanded administration office
MANAGEMENT TEAM AND EXPERIENCE
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Developer – PACIFIC GROUP – Doug Anderson, President & CEO: 25 years of specialized experience in
the commercial, residential, and resort construction industry.
Regional Center – NEW HAMPSHIRE EB-5 REGIONAL CENTER – David Strong, President: extensive
business background with experience in finance, commercial real estate, business development, sales and
marketing, and corporate planning.
EB-5 Resort Operations: Bob Aston – President and General Manager
Advisory Board Member: Bob Fries – Ski Industry Veteran
Hotel Management by: Marriott Hotels or Starwood Hotels
START AND END DATES OF PROJECT
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Start Date: Upon receipt of funds - Because phase 1 has multiple smaller projects in its scope, phase 1 can
start before all the money is raised.
End Date: 24 months
FINANCIAL INFORMATION
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EB-5 Funding Structure (Loan Model) – New Hampshire Ragged Mountain Resort Investment, LP
Project Value Phase 1: $87,000,000 USD
Developer’s Capital Assets in: $52,000,000 USD (60%)
EB-5 Funds: $35,000,000 USD (40%)
First Mortgage Holder: New Hampshire Ragged Mountain Resort Investment, LP
EB-5 REQUIREMENT
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Total EB-5 Investment: $35,000,000 USD / approx. 35% of the improvements for the EB-5 phase 1
investment
Job Creation: 1097 jobs / 700 jobs required for I-829 permanent green cards
Total Investor Units: 70
Project Status: Open to investment by EB-5 investors
Investment: $500,000 USD per investor (or family)
Syndication and Development Fee: $45,000 USD
Total Charge to Investor: $545,000 USD
All investments are subject to USCIS rules and regulations.
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EB-5 REQUIREMENT
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Legal Fees for Immigrant: Paid separately by investor to their attorney
Project Model: Limited Partnership Loan Model
EB-5 Investor’s Ownership in Limited Partnership: 99%
Use of EB-5 Funds: 70% to build and expand buildings and hotel. 30% to expand and improve property
amenities and infrastructure
Release: Each investor $500,000 USD shall be immediately invested into the project so investor does not
wait until all funds are collected
The project is not dependent on raising all $35,000,000 USD at one time
INVESTMENT SECURITY / GUARANTEE BY DEVELOPER
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EB5 Funding Structure – Loan model through Limited Partnership
Completion of Phase 1: twenty-four (24) months from investment
Job Creation: 1097 jobs, minimum USCIS requirement is 700 jobs
INVESTOR EXIT STRATEGY
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Investor is anticipated to receive $500,000 initial investment in cash at the end of investment period (5
years)
Optional if selected: real estate purchase option for rental condominium via separate agreement
Repayment period: 5 years
REPAYMENT OF EB5
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Sale of condominium/hotel units.
Cash flow from resort operations
Sale of 25 detached condominiums/cabins/townhomes
Sale of 50 single family building lots
US Government SBA: Small Business Funding
LIQUIDATION PROVISIONS
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Refinance
Sell assets, real estate, buildings at fair market value by year five
If the project fails investor may have option of accepting condo or apartment
PROJECT RATING – VERY LOW RISK, HIGH VALUE
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Pacific Group has 25 years of experience in resort properties all over North America.
Pacific Group has successfully completed more than 1,000 development projects.
Ragged Mountain Resort has already been in existence for 40 years as a revenue-generating golf and ski
resort
Excellent collateral for EB-5 investor to recover investment and interest
Actual job creation projections exceed needed job creation for EB-5 I-829 approval
Tremendous pent-up demand for over-night accommodations in the area
Close to major metropolitan city, Boston, Massachusetts, USA
All investments are subject to USCIS rules and regulations.
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CONCEPTUAL RENDERINGS AND ELEVATIONS
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Project Map; Danbury, New Hampshire (90 miles north of Boston, Massachusetts)
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Hotel/ Alpine Club/ Meeting House; North Elevation
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Hotel/ Alpine Club/ Meeting House; West Elevation
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Hotel/ Alpine Club/ Meeting House; South Elevation
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Hotel/ Alpine Club/ Meeting House; East Elevation
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Condominiums/ Apartment/ Townhouses
o Elevation and Floor Plan
Condominiums/ Apartment/ Townhouses A
Condominiums/ Apartment/ Townhouses B
Condominiums/ Apartment/ Townhouses C
Condominiums/ Apartment/ Townhouses D
All investments are subject to USCIS rules and regulations.
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LOCATION IN THE UNITED STATES:
Vancouver
Seattle
Los Angeles
Salt Lake
City
Denver
Chicago
Florida
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Ragged
Mountain
Boston
All investments are subject to USCIS rules and regulations.
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Ragged Mountain Resort is located in Danbury, New Hampshire.
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Less than 90 minutes north of Boston
5 hours away from New York City
Danbury, New Hampshire. Home of
Ragged Mountain Ski Resort.
All investments are subject to USCIS rules and regulations.
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05.03.13_V4
Another quality project sponsored by