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 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 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 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. Index Item: #1 05.03.13_V4 Another quality project sponsored by 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 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 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 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 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. Index Item: #1 05.03.13_V4 Another quality project sponsored by EB-5 REQUIREMENT 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 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 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 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 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 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. Index Item: #1 05.03.13_V4 Another quality project sponsored by CONCEPTUAL RENDERINGS AND ELEVATIONS Project Map; Danbury, New Hampshire (90 miles north of Boston, Massachusetts) o Hotel/ Alpine Club/ Meeting House; North Elevation o Hotel/ Alpine Club/ Meeting House; West Elevation o Hotel/ Alpine Club/ Meeting House; South Elevation o Hotel/ Alpine Club/ Meeting House; East Elevation All investments are subject to USCIS rules and regulations. Index Item: #1 05.03.13_V4 Another quality project sponsored by 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. Index Item: #1 05.03.13_V4 Another quality project sponsored by LOCATION IN THE UNITED STATES: Vancouver Seattle Los Angeles Salt Lake City Denver Chicago Florida Index Item: #1 05.03.13_V4 Ragged Mountain Boston All investments are subject to USCIS rules and regulations. Another quality project sponsored by Ragged Mountain Resort is located in Danbury, New Hampshire. 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. Index Item: #1 05.03.13_V4 Another quality project sponsored by