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Illustration, unbuilt: the lake among the trees, with the sauna on its edgeIllustration · unbuilt
SlowSpace Creek · THE INVESTMENT

Who is paid, and in what order.

This estate states an order of payment, not shares of revenue: each tier is paid in full before the next, and the partners share only the last. No yield, rate or return is stated, and none is assured.

Project total₹20.86 Cr₹12.50 Cr equity + ₹8.36 Cr bank loan
Land, already held₹7.50 CrWhat the project is spent on
The buildings and the ground₹12.07 CrWhat the project is spent on
Design and engineering₹49.00 LWhat the project is spent on
Interest while building₹80.00 LWhat the project is spent on
Bank loan, applied for₹8.36 CrApplied for, not sanctioned. A limit of ₹10.00 Cr. Interest-only for the 18 months of the build, then 120 level monthly instalments. Cover of 1.20 times on debt service, proposed.
A unit₹62.50 L8 offered; 8 available. The sponsor's ₹7.50 Cr is the founders' land, contributed in kind at their own figure.
1 Channel, payment and taxPaid in full firstTaken from each night sold before anything else: what the sales channels, the card networks and the taxes keep.
2 Operating costs and the operator's feePaid in full firstThe crew, the plant, the supplies and the management fee. The fee rate is not yet ruled.
3 The bank: interest, then principalPaid in full firstThe monthly instalment on the loan. The lender is paid ahead of every partner.
4 The debt reservePaid in full firstTopped up to six months of instalments.
5 The equipment reservePaid in full first4% of gross revenue, held in the partnership's name to replace furniture and equipment.
6 The partnersPro rata by unitsWhat remains is paid pro rata by units. One class: no preference, no promote and no fixed return.
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