INVESTMENT OVERVIEW
A message from Matinecock ceo
I'd like to start by thanking you for taking the time to dive into the following materials.
The last year of work on Las Nereidas has been the most fulfilling of my career, and I am tremendously optimistic about the path forward.
As we launch our fundraise for the first time in this friends & family / pre-seed round, I truly believe we have the opportunity to build the most beautiful short term rentals in the world, create a new category in travel... and most importantly, generate alpha for our investors!
In the most concise manner I can think of, our gameplan with Las Nereidas is to 1) build stunning rental properties at a steep discount to their market value, 2) generate above market rental yields with an operationally light model, 3) sell our portfolio on a cap rate (and therefore at a premium) to an institutional buyer, and 4) create a new way for people to travel in Mexico.
If after reviewing these materials you'd like to join this journey, please register your interest in the form at the end of this presentation.
Thank you,
Sterling Brinkley
What
Las Nereidas is a collection of boutique properties bridging the gap between hotels and vacation rentals with high-end, branded stays offering select service in an efficient package.
Matinecock, the Baja California based development group behind Las Nereidas, is raising a $3.5M Joint Venture to continue growing its portfolio in Todos Santos, Baja California Sur, Mexico.
Where
Todos Santos, Baja MX
1hr North of Cabo San Lucas
Amount
$3,500,000
Total equity raise
When
Indications
2.20.24
20th Feb, 2024
Raise close
7.25.24
25th July, 2024
Why
Todos Santos is on track to mimic the growth of markets like Tulum, Santa Teresa and other LATAM tourist hubs, and the Las Nereidas brand & concept is uniquely positioned to capitalize on rapidly changing traveler preferences.
Bedroom Units 1 & 2 at Mar, the first property in the portfolio. Phase I construction Set to finish April 2024
Projected Property Returns
35%
Levered IRR
3.0X
Levered MOIC
7 year
Hold Period