The Offering
$6.5M equity raise. $1M minimum. 8% preferred.
The offering capitalizes a $20M total project against $13.5M senior construction debt, with investor equity participating in the consolidated operating performance of the integrated campground/resort and amphitheater.
Based on the approved underwriting model and projected operating assumptions.
Target investors: Family Offices · Accredited Investors · Private Equity · Hospitality Investors.
Stabilized Operating Case
$8.67M revenue. $3.27M NOI. 2.26x DSCR.
The project is planned for ultimate 5,000-person amphitheater capacity. The 2,500-capacity case demonstrates project performance under an extended initial capacity constraint. Expansion to planned full capacity is modeled in years 3–5, subject to municipal approvals.
| Coverage | 2,500 case | 5,000 case |
|---|---|---|
| DSCR — NOI | 2.26x | 4.03x |
| DSCR — after reserves | 2.11x | 3.80x |
Based on the approved underwriting model and projected operating assumptions.
Amphitheater Economics
$86 blended per-attendee, one integrated operation.
Borderlands is modeled as an integrated destination operation, with campground/resort and amphitheater operations contributing to the property's consolidated operating performance.
Long-Term Participation
Retain Upside.
The investment is structured around participation in operating cash flow and long-term property appreciation. Potential future refinancing, distributions and capital-return events will depend on stabilized operating performance, property value and financing conditions at that time.
Full financial model behind the data room
Detailed projections, $86 blended per-attendee build, capital call schedule, and underwriting assumptions are distributed only to approved accredited investors under NDA.
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Request the full diligence package.
Land prospectus, site survey, entitlements roadmap, financial model, and operator pro forma — released under NDA to qualified investors via our secure portal.
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