Meva Paradise is raising $300,000 in capital for Phase 1. The capital is intended to support the development of the initial retreat, including the planned 5 bedroom / 3.5 bathroom villa and four dome bungalows.
Phase 1 is planned around:
1 × 5 bedroom / 3.5 bathroom villa — $120,000
4 × dome bungalows — $120,000
The estimated annual operating cost is under $20,000 per year. The overall Phase 1 capital raise is $300,000.
The minimum investment is $10,000 per investor.
The intention is to bring together a small group of individual investors rather than relying on one large investor or corporate investment partner.
No.
The Phase 1 structure does not provide investors with equity in Meva Paradise. Instead, investors receive a right to participate in a share of the retreat's net operating profit.
Investors collectively receive 20% of net operating profit.
This is calculated after the retreat's operating costs have been paid.
The 20% pool is divided proportionally among all Phase 1 investors based on the amount each person invested.
For example, an investor contributing $10,000 to a $300,000 raise represents approximately 3.3% of the total investment and therefore approximately 3.3% of the investor profit pool.
The profit share applies once Meva Paradise is open and earning operating revenue.
The actual return depends on the retreat's operating performance.
The investment has a 2× return multiple cap.
For example, if an investor contributes $10,000, the stated maximum under the 2× cap is $20,000 returned through the applicable payout structure.
If the retreat does not generate enough profit to reach that amount before the 7 year term ends, the investor may receive less than 2× their original investment.
The investment structure includes a buyout option as one of its three stated caps.
The three protections described are the 7 year term, 2× return multiple and buyout option.