New Haven Marina Fund 2

Track Record

Prior Marina Investments

Norris 2 Marinas

Invested 3 years ago. Distributing preferred return, with solid growth of NOI.

New Haven Fund 1

Sold 1 of 3 assets, fully caught up on preferred return, and returned partial principal.

Past performance is not indicative of future results. Prior fund results are not a guarantee or prediction of the results of any future investment.

About

About Fund 2

Fund 2 likely buys only 1 asset. New Haven is working with a private equity partner for future funding, but has the right to add up to $15,000,000.

Offering

Key Offering Details

Fund Terms

Issuer: NH Marinas Fund II, LLC (New Haven Marinas)
Offering size: Up to $15,000,000 (may be increased by the Manager up to $25,000,000)
Structure: Closed-end fund, 5-year term
Unit price: $100,000
Minimum investment: $50,000
Distributions: Quarterly
Eligibility: Accredited investors only (Rule 506(c))

Investment Classes

Anchor Class

$50,000 to $249,999

Preferred return: 8%
Profit split: 65/35

Starboard Class

$250,000 to $499,999

Preferred return: 9%
Profit split: 70/30

Highest preferred return, best split

Marina Class

$500,000 and up

Preferred return: 10%
Profit split: 75/25

Preferred return is cumulative and non-compounding. Splits are investor/manager after the preferred return. See the Private Placement Memorandum for full terms.

The class terms above are those of the underlying NH Marinas Fund II, LLC. Investors participate through the JKAM Flexible Allocation Fund, whose fees and expenses also apply and will reduce investor net returns. Only investments of $500,000 or more in the underlying fund qualify for Marina Class terms.

Identified Property: Lake Texoma, Oklahoma

$3.175M

Purchase price

~$407K

NOI

12%+

Entry cap rate

65%

LTV

Figures are sponsor-provided, unaudited and subject to due diligence. The property is not yet acquired and the acquisition may not close.

Existing operations

107 wet slips
65 RV sites (nightly, weekly or monthly)
63 dry storage
Vacation cabins
10 hoists
Parts and service
Boat lift sales
Fuel

Seller has owned the property longer than any other owner on the Oklahoma side of the lake (per seller).

Planned expansion (included in the CapEx budget)

100+ new wet slips
50+ new RV sites
A new 35-space parking lot

Slip expansion vendor selected and quote received (not yet contracted).

Property details are subject to final due diligence and closing and may change. Occupancy and performance may vary.

Fees

JKAM's goal is to offset most or all of its fees by negotiating preferential terms with the investment opportunities it selects. Offsets are a goal, not a guarantee, and investors may bear a portion of these fees. The basic fees of the JKAM platform are:

2% annually: Annual platform fee. Intended to be offset by the increased preferred return JKAM receives on its investment.
10% of profits: Payable on profits after principal is returned. Intended to be offset by the better profit split JKAM negotiates.
Pro rata expenses: Each investor bears a pro rata share of shared fund expenses, including tax preparation and blue sky filings. Last year these were less than $200 per investor; future amounts may differ.

Fees and expenses reduce investor returns. Full details are in the offering documents and will be provided before any investment.

JKAM Flexible Allocation Fund fees and expenses apply in addition to the underlying fund's fees. Full details are in the offering documents and will be provided before any investment.

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