CreamBNB

Portfolio Financials

Price $5,500,000  AVG Occupancy '19 88%
NOI $459,400  Cap rate 8.35%
Min. investment $5,500 Max. investment $5,500,000
Start date 22 Feb, 2021 Deadline 30 Apr, 2021
Soft Cap N/A Hard Cap $5,500,000

The portfolio consists of 10 properties:

  • 2 Palms Place studios
  • 2 Palms Place one bedrooms
  • 2 MGM Signature studios
  • 1 MGM Signature one bedroom
  • 1 Platinum Hotel one bedroom
  • 2 Lake Las Vegas one bedrooms

Portfolio

Palms Place Studio

With sleek hardwood and elegantly crafted marble floors, this 660-square-foot room comes with a king-sized bed.

Additional amenities:
  • Kitchenette
  • Balcony access
  • Two 42-inch flat screen televisions
  • Queen-sized pull-out couch
 

Palms Place One Bedroom

With 9 foot ceilings and a tremendous view, this 1,200-square-foot suite has a king-sized bed, a living room and a whirlpool bathtub.

Additional amenities:
  • Italian bedding by Mateo
  • Balcony access
  • Laundry Closet with washer and dryer
  • Queen-sized pull-out couch

MGM Studio

Highlighted by city views and a whirlpool bathtub, this 660-square-foot room comes with a king-sized bed and a kitchenette.

Additional amenities:
  • A table with seating
  • Flatscreen TV
  • Queen-sized pull-out couch
 

MGM One Bedroom

A quiet place right off the Las Vegas Strip, this 1,220-square-footsuite has a king-sized bed, a living room and a full kitchen.

Additional amenities:
  • His and hers sinks
  • Balcony access
  • Flatscreen TV
  • Queen-sized pull-out couch

Lake Las Vegas One Bedroom

A change of pace from the Las Vegas Strip, this 1,120-square-foot suite has a king-sized bed, a living room and a full kitchen.

Additional amenities:
  • Large Living Room
  • Balcony access
  • Flatscreen TV
  • Kitchen Table

Platinum One Bedroom

A change of pace from the Las Vegas Strip, this 1,120-square-foot suite has a king-sized bed, a living room and a full kitchen.

Additional amenities:
  • Large Living Room
  • Balcony access
  • Flatscreen TV
  • Kitchen Table

Financial Summary

  AVG Room Value AVG Yearly Revenue AVG Monthly Revenue Operating Costs Monthly
Palms Place Studio(2) $390,000 $46,000 $3,400 $700
Palms Place One Bedroom(2) $665,000 $90,000 $7,500 $1,100
MGM Signature Studio(2) $390,000 $46,000 $3,833 $700
MGM Signature One Bedroom $665,000 $75,000 $6,250 $1,100
Lake Las Vegas(2) $535,000 $42,000 $3,500 $800
Platinum Hotel $450,000 $42,000 $3,500 $1,100
Total(portfolio) $5,075,000 $554,592 $46,216 $8,800

*Avg room value, avg yearly revenue, avg monthly revenue, and operating costs monthly are listed per room. The last row (Total) represents the sum of all rooms.

Financial Projections

cnbn-financials11.png

 

Market Overview

 

Dividends and Ownership

 

CreamBNB will pay out dividends on the cash generated by the portfolio every quarter.

80% of profits generated by the portfolio will be redistributed to the owners

20% will be retained by CreamBNB for property management

 

Team and Partners

CreamBNB provides a curated experience to the guest. CreamBNB focus on the interests of the individual and provide them with a stay that they will remember. The relationship with our guests doesn't end at check-in.

CreamBNB will be the portfolio manager.

REINNO is the technology provider for the offering. It created digital shares (tokens) that represent fractional ownership of this portfolio.

Bull Blockchain Law provides legal structure and advice for this deal.

For information regarding the escrow provider, please refer to the Purchase Agreement.

 

DISCLAIMER

The materials in this presentation have been prepared by CreamBNB Series, a designated series of Reinno Series, LLC (the Company). This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account their particular investment objectives, financial situation or needs.

Before acting on any information you should consider other relevant documents and seek independent financial advice. Before selecting this product, investors should determine its suitability with regard to their particular circumstances and independently examine the special risks (maximum loss, currency risk, etc.) and the legal, regulatory, credit, tax, and accounting consequences. The Company does not issue recommendations regarding the suitability of this product for particular investors or guarantees regarding the future performance of this product. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to the Company's businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements. The Company does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside the Company’s control. Past performance is not a reliable indication of future performance.

 

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Tokenization is a process of representing real-life assets as tokens (digital shares).
A token is digital representation of ownership rights in regards to a particular asset.
First, you can hold your tokenized real estate and enjoy the income it generates, just like you would with traditional real estate. Second, you can raise money by selling any number of tokens on our partners’ platforms. Last but not least, if the token is eligible, you can take an instant loan backed by tokenized real estate with no paperwork in just a few clicks through REINNO’s proprietary platform.
You can invest in tokenized commercial real estate by buying tokens that represent fractional digital ownership of a particular property or portfolio. In order to do that, you have to register on our platform, pass the KYC (Know Your Customer) procedure and complete your investor profile. Then, select the offering you like and purchase tokens.
Permanent residents of whitelisted countries over 18 years old can open an investor account on our platform. Additional requirements may vary depending on the offering. Most offerings require investors to be accredited (in the U.S.) or qualified (in other countries).
Based on the SEC (Securities and Exchange Commission) regulations, the holding period can vary depending on the type of offering and investor’s country of residence. Usually, the holding period for our equity offerings is 12 months.
Users can invest in equity tokens. Equity tokens represent digital ownership of real estate assets. Investors in most equity tokens are eligible for regular dividend payments.
Investors in tokenized commercial real estate can expect regular dividend payments* since all the properties listed on our platform are income-producing. Equity investors can also benefit from capital gains when the value of the property goes up or when selling on the secondary market.
* Some equity offerings might not provide dividend payments and offer higher capital gains instead. Please check the offerings to understand their respective terms.
At the moment, we only list income-producing commercial real estate located in the U.S. and tokenized by REINNO. That being said, we are not limited to a particular type of real estate; it can be anything from multifamily and mobile home parks to retail and office buildings.
Yes, once your investor profile is complete and verified, you can invest in as many properties as you want. In fact, investing in multiple offerings can help you diversify.
Once your payment is processed and confirmed, the transaction will be reflected in the Bought Tokens tab in your REINNO account. Please refer to the legal documentation to see when the Purchase Agreement will be executed for each offering.
All real estate listed on our platform is appraised by an independent party. REINNO always reviews the appraisal documents and consults with our advisor with over 30 years of experience in the commercial real estate space to ensure that our investors are getting a fair price and maximum returns.
The properties are managed by a designated real estate management company.
REINNO conducts thorough checks of all real estate listed on its platform to make sure our investors get the best deals. We want to make sure that all the properties have stable tenants with long-term rental contracts. However, you should review supporting documentation yourself or with your investment advisor to make sure our offerings fit your investment objectives.
Commercial real estate listed on our platform is owned by SPVs (Special Purpose Vehicles). Each offering has its own SPV so that it is independent from both REINNO and SPVs established for other properties. This way, if something happens to REINNO, it will not affect any SPV or your tokens – your ownership is recorded on blockchain and is legally binding, as per the U.S. Securities and Exchange Commission.
Commercial real estate listed on our platform as an offering is owned by Special Purpose Vehicles (SPVs). The sole purpose of an SPV is to buy a property (or multiple properties in the case of a portfolio). During the tokenization process, we transfer the real estate ownership from the initial owner to the SPV. Based on the SEC regulations that allow digital asset ownership, we issue tokens. These tokens are digital shares of the SPV that holds real estate.
Expenses inquired by the properties should be covered by a portion of the revenue they generate, which means investors are not expected to provide additional capital. In many cases, tenants are responsible for maintenance expenses, leaving more income available to investors.
After the holding period, tokens can be sold on secondary markets.
REINNO does not charge investors any fees. Opening an account and keeping it active is absolutely free. However, when you buy tokens or receive dividends, you might inquire a fee from the money transfer service you are using.
REINNO is compliant with the U.S. Securities and Exchange Commissions and the U.S. laws regarding KYC and AML procedures. Asset ownership in the form of tokens is made possible and recognized in the U.S. by the SEC. We are following the rules for investing in securities in the U.S. and abroad.
Yes. Before a particular amount of money is raised (depending on the offering), your funds are safely stored in an escrow account. In case an offering does not reach its soft cap, the money committed up to that point is returned to investors from the escrow account.

Pitch Deck

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Offering Memorandum

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