LOCKED SEAT · PRIVATE · JUL 2026
$1M seat
You put in
$1,000,000
20% of net profits until refinance
$1,000,000 back at refinance
then 10% for life
$1,000,000 back at refinance
then 10% for life
- 1 · Until refinance — 20% of net profits after ops + bank. Sponsor 80% + GC.
- 2 · At refinance — You get your full $1M back.
- 3 · After — You keep 10% for life. Sponsor 90%.
In$1,000,000
Until refi20%
At refi$1M out
After refi10% for life
No 9% prefSimple — profit share only
SponsorGC + operator
Say this:
“Million in. 20% until we refinance. You get your million back at refi — then 10% for life. I build it. I run it.”
“Million in. 20% until we refinance. You get your million back at refi — then 10% for life. I build it. I run it.”
Net profits = after operating costs and the bank — not gross rent. $0 during build. Land in same SPE · equity stays through construction · counsel docs to follow.