Use of Proceeds

The total anticipated project cost is for Ambriza Boardwalk is $790,000. To date, the owners have committed $200,000 of equity in the business. They are receiving a tenant improvement budget of $400,000 and currently have a line of credit for $200,000. The TI funds will be provided at the time the restaurant opens.

If Ambriza Boardwalk reaches the minimum raise amount of $100,000 on NextSeed, proceeds from the raise will be put towards construction and equipment costs until TI funds are received. Anything raised above the $100,000 minimum and up to the $300,000 maximum will be allocated towards inventory and working capital.

Key Terms

Issuer
Boardwalk Ambriza L.P.

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed US LLC

Offering Min

$100,000

Offering Max

$300,000

Min Individual Investment

$100

Type of Securities

Term Note

Maturity 48 months
Payments

Monthly

Ownership % Represented by Securities

0% Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Interest Rate 15.25%
View the Issuer's SEC Form C filing

Total Payment Calculator

Interest Rate*
15.25%
Term
48 months
Principal
$100.00
Total Payment*
$134.20
181522293643Months$0.00$35.00$70.00$105.00$140.00
  • Projected total payment

* Payment for any given month (including the total payment at the end of the final month) indicates the cumulative amount contractually required to be paid to an investor after the end of that month, assuming the loan is not prepaid. This calculation is a mathematical illustration only and may not reflect actual performance. It does not take into account NextSeed fees of 1% on each payment made to investors. Payment is not guaranteed or insured and investors may lose some or all of the principal invested if the Issuer cannot make its payments.

$0.00