STATE & A HOTEL
San Diego, CA
CUSIP - SAND
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RedSwan CRE is pleased to present the opportunity to participate in the senior loan for State & A Hotel, a new 291 key hotel development located in the upscale living and dining neighborhood of Little Italy, San Diego, CA. The Hotel is designed to be a 22-story building that will include a branded restaurant, a rooftop bar venue, a meeting space, a pool, and a gym.
Sponsor: Simone Ventures
ASSET DESCRIPTION & PERFORMANCE METRICS
| Information Type | Age |
|---|---|
| Minimum Investment: | $25,000 |
| Property Type: | Hotel |
| Investment Type: | Construction Loan |
| Target Raise: | $72,000,000 |
| # of Units: | 291 |
| Year Built: | 2024 |
| Property Class: | Class A |
| Annual Rate: | 7.5%* |
| Maturity Date: | June 1, 2027 |
| Loan to Cost: | 60% |
| Net Operating Income: | $14,307,447 |
| Price Per Token: | $1.00 |
| Target Period: | 10 Years* |
| Blockchain Security Protocol: | Ethereum |
| Offering Type: | REG D |
| Property Value: | $120,000,000 |
| CBD: | Core |
* = Targeted returns are subject to change.
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General Disclaimer Redswan CRE Marketplace (“RedSwan”) maintains a commercial real estate technology platform through which companies and individuals who own CRE properties can offer tokenized interests of their properties to qualified investors for investment. Investments involve risk, including principal loss, and, unless otherwise stated, are not guaranteed. Targeted returns are subject to change and are based on modeling performed by the sponsor. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. There is currently not an active secondary market for digital assets of the type featured on RedSwan. The investor’s ability to liquidate will be dependent on market conditions, and there is no guarantee that a buyer will be available that can offer a price deemed acceptable by the seller. For our full disclaimers, please click here.
Compliant with USA (SEC/FINRA) Regulations 506c, D&S