ALTA Destinations: Thermal Club
- Committed to Date
$0 USDC
- Term
0 Months / 0 Days - Interest Rate
0.00% - Interest Redemption
Daily
- Open To
Global residents - Go Live Date
April 21, 2023 - Minimum Goal
$5,710,000 USDC - Type of Offering
Preferred Equity - Sponsoring Entity
Alta Destinations x PocketList Thermal LLC
We are pleased to announce the second ALTA Invest™ offering for ALTA Destinations in collaboration with the automotive platform PocketList, exclusively in the esteemed Thermal Club.
The primary objective of this offering is to provide capital to Alta Destinations x PocketList Thermal LLC, which they will utilize to acquire one completed residential asset in the coveted Thermal Club, located in Thermal, California. This income-producing asset will be leased on an all-in cost + model by RevList LLC dba PockeList.
As the offering term approaches its conclusion, Alta Destinations x PocketList Thermal LLC will consider two options: refinancing or liquidating the asset. Given the substantial rental income generated to date, a significant equity position is anticipated.
Private Pavement, High-Profit
With over five miles of racetrack, three distinguished circuits and 20 configurations, racing at the Thermal Club is an unmatched experience, driving the financial returns on this asset.
The Thermal Club
Homesites surrounding the circuits at The Club combine stunning views of the nearby mountain ranges and desert landscape interrupted only by the dramatic action on the tracks below.
Gallery
Documents
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained on this website are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. You are cautioned not to place undue reliance on forward-looking statements.
Definitions for Promissory Note:
Alta Finance Inc. who will assign to Alta Destinations x PocketList Thermal LLC ("Offering Sponsoring Entity", "Borrower")
1280 S 800 E, Suite 200, Orem, UT 84097 (Utah County) ("Address for Notice Purposes")
View our full legal disclaimers here.