Tempest22
About this raise
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.
Investment Overview
Not Funded: $175,000
Deal Terms
Total Commitments
- Platform
- Vicinity
- Start Date
- 02/13/2024
- Close Date
- 04/29/2024
$150,000
$875,000
$500
Equity - Common
Early Stage
RegCF
$1,000.00
Company & Team
Company
- Year Founded
- 2022
- Industry
- Real Estate & Construction
- Tech Sector
- Location
- Las Vegas, Nevada
- Company Website
-
Visit Website
Team
- Employees
- 2
Financials
-
Revenue
-
$0
as of FY2022
- Monthly Burn
-
$79,254
as of FY2022
-
Runway
-
0.3 months
as of FY2022
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | Vicinity | - | $175,000 | Equity - Common | Not Funded | RegCF |
