Vendaval

Vendaval

Early Stage

2 Acres of 94 Residential Units & 20,000 sf of Commercial Facilities, Entertainment Facilities, restaurant and other amenities

2 Acres of 94 Residential Units & 20,000 sf of Commercial Facilities, Entertainment Facilities, restaurant and other amenities

Overview

Raised to Date: Raised: $10,840

Total Commitments ($USD)

Platform

Mr. Crowd

Start Date

08/20/2019

Close Date

12/31/2020

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.40

Pre-Money Valuation

$20,000,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

12/30/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$22

Momentum
Not Funded
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Year Founded

1969

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

Vendaval, with a pre-money valuation of $20 million, is raising funds on Mr Crowd. The company is developing two acres of 94 residential units and other commercial facilities like entertainment facilities and restaurants to support these residential units in Santa Ana, California. Most of the 94 units will be pre-leased before the start of construction, and the facility will be operational within two years of the start of construction. Vendaval was founded by Nadim Nick Saifan Jr. in April 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used to hire the pre-construction team and to acquire and develop the property. Vendaval aims to build a differentiated and comfortable community with excellent services for youth, adults, and veterans. The commercial part will house a laundry facility, UPS store, education centre, fast food restaurant, gym facility, and a medical facility.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-64,000

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,000

$0

Accounts Receivable

$0

$0

Total Assets

$1,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 08/20/2019
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Vendaval on Mr. Crowd
Platform: Mr. Crowd
Security Type: Equity - Preferred
Valuation: $20,000,000
Price per Share: $0.40

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