Ursa Magna
Financial Appendix
Detailed schedules kept separate from the main presentation. Every placeholder is reconciled against verified records before publication; nothing here is final until the owner confirms it.
Owner review list — figures & terms to confirm
Sponsor equity contributed to date
To be confirmedTotal spending to date
To be confirmedExisting debt balance and maturity
To be confirmedRemaining funding required, incl. reserves
To be confirmedDistribution waterfall and the $100,000 worked example
To be confirmedInvestor rights, voting, management fees, reporting, dilution, transfer restrictions, funding obligations, total ownership available
To be confirmedWater-system approval status and remaining milestone dates
To be confirmedDated progress photographs
To be confirmedVerified photographs of Elad and Bruna
To be confirmedBruna’s surname (for legal documentation)
To be confirmedVerified distance to Hunter Mountain (currently shown as “near”)
To be confirmedWhether proceeds reimburse sponsor, repay debt or purchase an existing interest
To be confirmed1 · Acquisition price & summarized historical costs
Acquisition price
To be confirmedClosing costs (summarized)
To be confirmedRenovation & soft costs to date (summarized)
To be confirmedTotal capital deployed to date
To be confirmedA detailed purchase-and-closing breakdown is not shown in the main presentation; line items are available for due diligence in the document room.
2 · Detailed remaining budget
Guest rooms — renovation & finishing
To be confirmedShared spaces — lounge, food & beverage, wellness fit-out
To be confirmedBuilding systems & approvals
To be confirmedFurnishings & FF&E
To be confirmedPre-opening expenses
To be confirmedContingency & operating reserves
To be confirmedTotal remaining requirement
To be confirmed3 · Sources & uses of funds
Sources
Sponsor equity
To be confirmedExisting debt
To be confirmedNew partnership capital
To be confirmedUses
Completion & furnishing
To be confirmedPre-opening
To be confirmedReserves & contingency
To be confirmedSponsor reimbursement / debt repayment*
To be confirmed* Disclosed explicitly if applicable — new proceeds that reimburse the sponsor, repay existing debt or purchase an existing owner’s interest will be stated here and on slide 8.
4 · Debt & maturity schedule
Outstanding balance
To be confirmedInterest rate & type
To be confirmedMaturity date
To be confirmedPayment obligations & prepayment terms
To be confirmed5 · Operating projections (27-room hotel, from the financial model)
Room revenue assumptions
Available rooms
27
Operating days per year
365
King suites (11)
$350 ADR
Queen suites (8)
$275 ADR
Mezzanine duplexes (4)
$450 ADR
Premium duplexes (4)
$500 ADR
Occupancy ramp
45–50% → 55%
Year-1 room revenue (27 rooms)
$1.69M
Stabilized room revenue (27 rooms)
$2.98M
Phased additional income
Food & beverage — from Year 2 as lounge service opens
To be confirmedEvents & retreats — as spaces and permits allow
To be confirmedRate and occupancy assumptions confirmed with the owner, October 2026. Projections, not results.
6 · Fees & reserves
Management fee (structure & rate)
To be confirmedOther fees (asset / development, if any)
To be confirmedOperating reserve (months of expenses)
To be confirmedCapex / FF&E reserve
To be confirmed7 · Refinancing scenarios
Timing
Planned window
Roughly 24 months from opening
Projected capital return
100% of invested capital, ownership unchanged (projection)
Milestone definition
Hotel demonstrating income and occupancy, even while partially built
Proceeds available to investors
New loan proceeds, less existing debt repayment
To be confirmedLess financing costs
To be confirmedLess required reserves
To be confirmedNet proceeds distributable / return of capital
To be confirmedScenarios include a delayed refinancing and a smaller capital return. Ownership remains unchanged after a return of capital under the proposed agreement, subject to the final agreement — return of capital is not profit.
8 · Distribution examples
Distribution waterfall (order & splits)
To be confirmed$100,000 example — return of capital at refinance (Year 2)
$100,000 (100%), ownership unchanged
$100,000 example — projected distribution, Year 3
$17,918
$100,000 example — projected distribution, Year 4
$19,769
$100,000 example — projected distribution, Year 5
$22,677
Projected profit on $100,000 over 5 years
$60,364 (projected annualized IRR 19.28%)
Conservative / base / upside cases
To be confirmedDistribution examples from the project's financial model, matching the interactive calculator on the main site; projections, not results. The waterfall order and splits remain subject to the final agreement.
Due diligence document room
Operating agreement — draft under revision
Proposed structure and terms being revised for the current proposal
Interactive return calculator
Investment, ownership, capital-return and distribution projections — on the main site
Purchase papers, closing statements, invoices, loan documents, permits & agreements
Shared individually with serious investors for due diligence. These documents are confidential and are not posted on unrestricted public pages.