ALTA Destinations: Coachella
- Committed to Date
$0 USDC
- Term
0 Months / 0 Days - Interest Rate
0.00% - Interest Redemption
Daily
- Open To
Global residents - Go Live Date
April 17, 2023 - Minimum Goal
$376,500 (USDC) - Type of Offering
Preferred Equity - Sponsoring Entity
Alta Destinations x RI 1 LLC
Summary
To launch our ALTA Invest™ protocol, we are offering this very low-risk, low-capital, initial offering with Alta Destinations x RI 1 LLC.
The use of capital is to provide Alta Destinations x RI 1 LLC with capital as they close on residential rental assets in their target geographic area of Coachella, California.
Highlights
- Alta Destinations x RI 1 LLC plans to purchase & hold four (4) single-family residence rentals for airbnb® and VRBO®
- The use of funds is for equity, closing costs, and rehab related to preparing the potential assets for listings
- Holding period is long-term, financing period is 2 years or 24 months
- Interest rate is 11.25% per year, with a full interest reserve in the smart contract
Financial Highlights
| Capital Needed | $300,000 USDC |
| Interest Reserve (On-Chain) | $67,500 USDC |
| Fee | $9,000 |
| Total | $376,500 |
Coachella Valley is Stunning
Strong Rental Market
Aside from the shopping, golf, polo, and premium amenities for affluent vacationers, Coachella Valley also has five major events that drive higher than average returns for the short term rental market.
Goldenvoice® Coachella Music Festival
he Coachella Valley Music and Arts Festival is an annual music and arts festival held at the Empire Polo Club in Indio, California, in the Coachella Valley.
Goldenvoice® Stagecoach Music Festival
The Stagecoach Festival is an outdoor country music festival held annually at the Empire Polo Club in Indio, California, in the Coachella Valley.
Indian Wells Masters® Tennis Tournament
The Indian Wells Masters, also known as the Indian Wells Open and BNP Paribas Open, is an annual tennis tournament usually held in early- and mid-March at the Indian Wells Tennis Garden in Indian Wells, California, United States.
Palm Springs International Film Festival
Palm Springs International Film Festival is a film festival held in Palm Springs, California.
Fashion Week El Paseo
Celebrate 16 years of style at the West Coast’s largest consumer fashion show, Fashion Week El Paseo, at The Gardens on El Paseo in Palm Desert.
Documents
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained on this website are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. You are cautioned not to place undue reliance on forward-looking statements.
Definitions for Promissory Note:
Alta Finance Inc. who will assign to Alta Destinations x RI 1 LLC (“Offering Sponsoring Entity”, “Borrower”)
1280 S 800 E, Suite 200, Orem, UT 84097 (Utah County) (“Address for Notice Purposes”)
View our full legal disclaimers here.
