BRIDLE CREEK

a master-planned community

Located In Weld County Colorado, the second fastest growing county in Colorado.

Bridle Creek Summary

  • [Land Capital Fund LLC] (Delaware)

  • [Bridle Creek Weld County LLC] (Colorado)

  • Structure: Tokenized LP Interests (equity units in LLC)

  • Entitlement (zoning approval) massively boosts NAV and reduces development risk.

Asset:

  • Entitled land, independently appraised at ~$50M

  • Purchase Price: $25M

Financial Attributes

  • Ownership Class: Limited Partner equity (tokenized LP units)

  • Offering Size: $25M (representing up to 100% equity in the LLC)

  • Preferred Return (“Debt-like Yield”):

    • 10–12% preferred return, paid quarterly in USDC/USDT/DAI

    • Accrues if unpaid (compounding until distribution event)

  • Equity Upside:

    • After preferred return is satisfied, additional profits distributed pro rata to LP tokens

    • Example: Land sale or refinancing at ~$50M+ creates upside beyond preferred yield

  • Liquidity Feature:

    • Tokens tradable on compliant secondary market (eg. Securitize Markets, INX, Tokeny)

Collateral & Protections

  • Equity Cushion:

    • Land value: ~$50M

    • Capital raise: $25M

    • Implied LTV = ~50% (NAV-based protection for LP investors)

  • Manager/GP:

    • Handles entitlements, management, and exit strategy

  • Investor Protections:

    • LP tokens represent direct ownership in LLC

    • Operating Agreement defines preferred return, distributions, governance rights

Governance

  • LP Rights:

    • No day-to-day control (passive)

    • Voting only on major decisions: sale, refinance, dissolution

  • GP Rights:

    • Day-to-day control

    • Carried interest: 50% of profits above preferred return

Compliance

  • Exemptions: Reg D (U.S. accredited investors), Reg S (non-U.S.)

  • Security Token Standard: Polymesh Security Token (PSMT) standard, which is an evolution of ERC-1400 adapted for regulated assets

  • Secondary Trading: On ATS platforms (eg. Securitize Markets, INX, Tokeny)

Investor Value Proposition

  • Fixed Yield Feel (Debt-Like): 10–12% preferred return, quarterly cash flow

  • Equity Upside (Equity Bonus): If land appreciates/sells higher, LP tokens share pro rata

  • Downside Protected: ~50% implied LTV due to entitlement-driven NAV increase

  • Liquidity: Secondary trading option vs traditional LP lock-up