Michael Brittingham

Rochester, NY (USA)
Role(s):
Founder/Owner/Principal

Ladies Golf Club of America®

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Location: Rochester
Industry: Real Estate
Year Founded: 2010
Number Employees: 1-10 people
Business Stage: Growth (profitable)
Entity Type: Limited Liability Company
Description: Who are we? - What are we going to do? ● Ladies Golf Club of America® LLC (the “Company”) a Delaware Limited Liability Company, was formed to operate as a closed-ended real estate development company under Chapter 18 of Title 6, of the Delaware Code, with an initial stock offering of $8,000,000. for 90% of its capital stock. ● The Company will invest the net proceeds from investor subscription commitments, purchased through this offering (PPM 506D), into commercial golf and country club and/or residential development properties in, but not limited to, Naples, Florida, and will direct all investments for the Company and act as the managing member and management company through its managing members. ● Ladies Golf Club of America® LLC, and Brittingham Properties LLC is proposing to purchase the Hammock Bay Golf & Country Club, located near Marco Island, Florida, amidst the surrounding beauty of McIlvane Bay and the Ten Thousand Islands, and to operate it as the Flagship Golf & Country Club for the Ladies Golf Club of America®. This 18-hole course brings a fresh, new approach to golf in the Naples, Florida area. ● Virtual Tour: Copy Paste This URL: (URL removed) ● Golf Course Vital Data Total Acreage: 145 acres 2010 NOI $550,000 2010 GRM 1.42 2010 Cap Rate 11.03% ● Investment Highlights Peter Jacobsen Design Championship Golf Course Named "Top 10 New Private Club" - Traval & Leisure's Golf Magazine 16,000-square foot $7,400,000 Sports Clubhouse Tennis & Fitness Center, Lagoon Style Pool with Tiki Bar, Spa & Concierge Services, * Top-line 2010 Revenue of $3.5M 75% Discount to $20,000,000 of original Development Cost Appraised at: $14,500,000 - May 2010 ● Capital Requirement Summary The Company is offering 100 membership units for $80,000 per unit. The offering price per unit has been arbitrarily determined. ● Capital Requirement $5,000,000. Purchase Hammock Bay G&CC $0,750,000. Development, legal, accounting and marketing fees $1,250,000. New construction, rehab. greens infrastructure and FF&E $1,000,000. Contingency & working capital ----------------------------------------- $8,000,000. ● Total Capital Requirement ● Quite simply, we have thought about it... read all of the research reports... listened to our own counsel... and decided to develop The Ultimate Golf Facility For Women! ● A first of its kind in America! The Mission of The Ladies Golf Club of America™ as the 'ultimate golfing facility for women golfers' is to provide a place for ladies to play, learn and enjoy a lifestyle of involvement with the game of golf, in a safe, well-maintained and environmentally friendly, private club and golf facility setting with a great suite of amenities. ● Serious Inquiries Only please. An Executive Summary is available upon request to either an 'accredited investor' and/or an authorized broker (Member FINRA / SIPC.) ● Accredited Investor Suitability: Only persons of adequate financial means who have no need for liquidity with respect to the investment should consider purchasing membership units ('Units') in Brittingham Properties LLC. ((URL removed)) and/or Ladies Golf Club of America Inc. ((URL removed)) (the 'Company') pursuant to the Company's Confidential Private Placement Memorandum, because; (a) the investment in Units involves certain risks, and (b) a market for the Units does not exist and is not likely to develop. Further, the Offering is intended to be a 'private offering' exempt from registration under the Securities Act of 1933 (the 'Securities Act'), and applicable state securities laws. The Units are intended to be exempt under the Securities Act as part of an issue which is offered and sold only to 'accredited investors,' as that term is defined by Rule 501 of Regulation D under the Securities Act of 1933. As such, each prospective subscriber shall have submitted to the Company a completed and executed ' Accredited Investor Suitability Questionnaire' in the form available by request. Write to: Mr. Michael Brittingham, (URL removed) USA Tel/Fax: (Phone # removed)DISCLAIMER: This Profile Brief and the Executive Summary (which is available upon request) to either an 'accredited investor' and/or an authorized broker (Member FINRA / SIPC.), is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by the applicable prospectus. For those 'accredited investors' considering an investment in the Investment Program, the Executive Summary must be read in conjunction with the applicable prospectus in order to fully understand all the implications and risks of the respective offering of the securities to which it relates.