Tempest22
Early Stage
Disrupting Private Equity with The Tempest Method
Overview
Raised: $175,000
Total Commitments ($USD)
Platform
Vicinity
Start Date
02/12/2024
Close Date
04/29/2024
Min. Goal
$150,000
Max. Goal
$875,000
Min. Investment
$500
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$1,000.00
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$2,303
Momentum
Not Funded
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Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Location
Las Vegas, Nevada
Tempest22 is raising funds on Vicinity. The business is a 122-room hotel property located at 1826 West Lucas Street, Florence, South Carolina. Tempest22 has been acquired by Florence Lodging Investment Partners and its joint venture partner, which aims to make the hotel profitable in the future. The business is targeting a 7% preferred return and 20% IRR and aims to benefit the investors. William Daniel Frye founded Tempest22 in January 2022. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $875,000. The campaign proceeds will be used for property improvements, acquisition fees, loan payoffs, recoup deposits, financial services, marketing services, and operations costs.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-951,049 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$23,951 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$23,951 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/12/2024
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