KBW MHP Holdings, LLC
Regulation Crowdfunding
Target: $250,000
Start Date: September 13, 2021
End Date: March 17, 2023
Minimum Investment: | $2,500 |
Minimum Raise: | $250,000 |
Maximum Raise: | $5,000,000 |
Minimum Share/Units/% | $1.00 per unit |
Equity: | 60% Limited Partners / 40% General‚ Partners |
Estimated Return: | 15.45% cash on cash & 8% preferred return to Limited Partners |
Investment Type: | Residential Real Estate Development |
Securities Type: | Membership Interests |
Company: | KBW MHP Holdings, LLC |
Regulation: | Reg CF via EquityDoor, LLC. |
KBW MHP Holdings, LLC
Units of Class A-1 Investing Membership Interest
Target Offering: USD $250,000*
Minimum Subscription: USD $2,500
The First MHP is in Kalona, IA. It currently has 8 lots in the MHP which are going to be removed and redeveloped into 25 lots. New water, wastewater, electric, and gravel roads will be installed.
The Second MHP is in Wayland, IA. This park currently has 33 empty lots. The infrastructure in the park needs updating. The water supply lines downstream of the city meter need replacing. The sewer line needs repairing and cleaning. The electric grid needs updating. Gravel roads need to be redone.
The Third MHP is in Brighton, IA. The park has 9 finished pads currently and a brand new (2019) water supply system, a new sewer line (2020), and a new electric grid (2020/21). The gravel road has received significant attention. There are currently 6 homes in this park. The three unoccupied units, owned by Heartland Crafstman are currently in the process of being remodeled; they will be sold to new tenants upon completion. One is parked owned, two remaining units are tenanted owned. One of the tenant-owned and occupied units will be removed and replaced with a brand new house from the factory.
New houses will be purchased from the factory and installed on the sites. These houses will then be sold to buyers who will qualify for bank financing from lending institutions specializing in Manufactured Housing loans. The buyers will be responsible for payment of lot rent while their unit is in our parks.
We intend to use the net proceeds of this offering for general working capital purposes related to the acquisition and development of the Property. Invested funds will used for payment of invoices for services rendered relating to development of the Property including but not limited to
(i) direct and indirect costs of acquisition, construction and operation of the Property and similar facilities, and
(ii) legal, accounting, administrative, overhead, marketing and similar costs and expenses associated with completing the Property development plan.
There will be no salaries payable to the Managers or our affiliates during the course of the Property’s development. Our Management will endeavor to supervise the use of funds such that actual value is exchanged upon payment which would contribute towards the building of equity, completion of the Property development plan, and similar or other costs and expenses associated with pursuing the Company’s business objectives.
THIS OFFERING STATEMENT IS AN EXHIBIT TO, IS A PART OF, AND SHOULD BE READ IN CONJUNCTION WITH, THE COMPANY’S FORM C AS FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION WHICH FORM C IS INCORPORATED INTO THIS COVER PAGE BY REFERENCE AS IF FULLY SET FORTH. FOR MORE INFORMATION, PLEASE CONTACT THE COMPANY’S DESIGNATED REGISTERED FUNDING PORTAL OR DESIGNATED INTERMEDIARY: EquityDoor, LLC
The effective date of this Offering Statement is October 21, 2021
A crowdfunding investment involves risk. You should not invest any funds in this Offering unless you can afford to lose your entire investment.
In making an investment decision, investors must rely on their own examination of the Issuer and the terms of the Offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.
The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the Offering, nor does it pass upon the accuracy or completeness of any Offering document or literature.
These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
KBW MHP Holdings, LLC, an Iowa limited liability company (“we”, “us”, “our”, the “Issuer”, or the “Company”), is Offering these securities pursuant to available exemptions from registration claimed under Section 4(a)(6) of the Securities Act of 1933, as amended (the “Securities Act”), and pursuant to Regulation Crowdfunding promulgated by the U.S. Securities and Exchange Commission (the “SEC” or “Commission”) as authorized under Title III of the Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”).
Accordingly, the Company will file a report with the Commission annually and post the report on its website, no later than 120 days after the end of each fiscal year covered by the report.
The Company may terminate its reporting obligations in the future in accordance with Rule 202(b) of Regulation Crowdfunding in the event:
(1) the Company is required to file reports under Section 13(a) or Section 15(d) of the Exchange Act of 1934, as amended (the “Exchange Act”);
(2) the Company has filed, since its most recent sale of securities pursuant to Regulation Crowdfunding, at least one annual report pursuant to Regulation Crowdfunding and has fewer than 300 holders of record;
(3) the Company has filed, since its most recent sale of securities pursuant to Regulation Crowdfunding, the annual reports required pursuant to Regulation Crowdfunding for at least the three most recent years and has total assets that do not exceed USD $10,000,000;
(4) the Company or another party repurchases all of the Securities issued in reliance on Section 4(a)(6) of the Securities Act including any payment in full of debt securities or any complete redemption of redeemable securities; or
(5) the Company liquidates or dissolves its business in accordance with state law. The Company’s filings and reports pursuant to Regulation Crowdfunding may be viewed online at www.sec.gov – https://www.sec.gov/edgar/browse/?CIK=1884807
ESTIMATED USE OF PROCEEDS
Inasmuch as it is impossible to predict exact costs and the expenses necessary to conduct the business of the Company, actual expenditures could vary substantially and materially from the following estimated forecasts:
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