Awaysis Capital Secures $1.1 Million Bridge Loan from Key Executives on Preferential Terms
Awaysis Capital (OTCMARKETS: AWCA) has secured a $1.1 million bridge loan from Harthorne Capital, a holding entity for investments by key executives. The loan, provided by Chairman and Co-CEO Michael Singh, Co-CEO and CFO Dr. Andrew Trumbach, and director Lisa-Marie Iannitelli, demonstrates management's confidence in the company's growth trajectory.
The funds will be used to advance the development and renovations of the Awaysis Casamora property, a key asset in the company's real estate portfolio. Upgrades include infrastructure improvements, modernized facilities, and aesthetic enhancements to increase the rental pool and sales inventory. The loan will also provide working capital for operational needs and enable Awaysis Capital to pursue emerging business opportunities.
Awaysis Capital (OTCMARKETS: AWCA) ha ottenuto un prestito bridge di 1,1 milioni di dollari da Harthorne Capital, un'entità holding per investimenti realizzati dai principali dirigenti. Il prestito, fornito dal Presidente e Co-CEO Michael Singh, dal Co-CEO e CFO Dr. Andrew Trumbach e dalla direttrice Lisa-Marie Iannitelli, dimostra la fiducia della direzione nella traiettoria di crescita dell'azienda.
I fondi saranno utilizzati per promuovere lo sviluppo e le ristrutturazioni della proprietà Awaysis Casamora, un asset chiave nel portafoglio immobiliare dell'azienda. Gli aggiornamenti includono miglioramenti infrastrutturali, strutture modernizzate e miglioramenti estetici per aumentare il pool di affitti e l'inventario di vendite. Il prestito fornirà inoltre capitale circolante per le esigenze operative e consentirà a Awaysis Capital di perseguire opportunità commerciali emergenti.
Awaysis Capital (OTCMARKETS: AWCA) ha asegurado un préstamo puente de 1,1 millones de dólares de Harthorne Capital, una entidad de inversión para los principales ejecutivos. El préstamo, proporcionado por el Presidente y Co-CEO Michael Singh, el Co-CEO y CFO Dr. Andrew Trumbach y la directora Lisa-Marie Iannitelli, demuestra la confianza de la dirección en la trayectoria de crecimiento de la empresa.
Los fondos se utilizarán para avanzar en el desarrollo y las renovaciones de la propiedad Awaysis Casamora, un activo clave en la cartera inmobiliaria de la empresa. Las mejoras incluyen la modernización de infraestructuras, instalaciones actualizadas y mejoras estéticas para aumentar la oferta de alquileres y el inventario de ventas. El préstamo también proporcionará capital de trabajo para necesidades operativas y permitirá a Awaysis Capital perseguir oportunidades de negocio emergentes.
Awaysis Capital (OTCMARKETS: AWCA)는 Harthorne Capital로부터 110만 달러의 브릿지 론을 확보했습니다. Harthorne Capital은 주요 임원들의 투자를 위한 지주회사입니다. 이 대출은 회장 겸 공동 CEO인 Michael Singh, 공동 CEO 겸 CFO인 Dr. Andrew Trumbach, 이사인 Lisa-Marie Iannitelli가 제공했으며, 회사의 성장 경로에 대한 경영진의 신뢰를 보여줍니다.
자금은 Awaysis Casamora 부동산의 개발과 리노베이션을 진행하는 데 사용될 것입니다. 이는 회사의 부동산 포트폴리오에서 핵심 자산입니다. 업그레이드에는 인프라 개선, 현대화된 시설 및 미적 향상이 포함되어 임대 풀 및 판매 재고를 증가시킵니다. 이 대출은 운영 필요에 대한 운영 자본도 제공하고, Awaysis Capital이 새로운 비즈니스 기회를 추구할 수 있도록 합니다.
Awaysis Capital (OTCMARKETS: AWCA) a sécurisé un prêt relais de 1,1 million de dollars de Harthorne Capital, une entité holding pour les investissements des principaux dirigeants. Le prêt, accordé par le président et co-PDG Michael Singh, le co-PDG et CFO Dr. Andrew Trumbach et la directrice Lisa-Marie Iannitelli, démontre la confiance de la direction dans la trajectoire de croissance de l'entreprise.
Les fonds seront utilisés pour faire avancer le développement et les rénovations de la propriété Awaysis Casamora, un atout clé du portefeuille immobilier de l'entreprise. Les améliorations comprennent des mises à niveau des infrastructures, des installations modernisées et des améliorations esthétiques pour augmenter l'offre locative et l'inventaire de ventes. Le prêt fournira également un fonds de roulement pour les besoins opérationnels et permettra à Awaysis Capital de poursuivre de nouvelles opportunités commerciales.
Awaysis Capital (OTCMARKETS: AWCA) hat sich ein Brücken Darlehen in Höhe von 1,1 Millionen Dollar von Harthorne Capital gesichert, einer Holdinggesellschaft für Investitionen wichtiger Führungskräfte. Das Darlehen, das von Vorsitzendem und Co-CEO Michael Singh, Co-CEO und CFO Dr. Andrew Trumbach sowie Direktorin Lisa-Marie Iannitelli bereitgestellt wurde, zeigt das Vertrauen des Managements in die Wachstumsstrategie des Unternehmens.
Die Mittel werden eingesetzt, um die Entwicklung und Renovierungen der Awaysis Casamora-Immobilie voranzutreiben, die ein wichtiges Asset im Immobilienportfolio des Unternehmens darstellt. Zu den Verbesserungen gehören Infrastrukturmodernisierungen, modernisierte Einrichtungen und ästhetische Aufwertungen zur Steigerung des Mietangebots und des Verkaufsinventars. Das Darlehen wird auch Betriebskapital für operative Bedürfnisse bereitstellen und es Awaysis Capital ermöglichen, neue Geschäftsmöglichkeiten zu verfolgen.
- Secured $1.1 million bridge loan from key executives, showing management's confidence
- Funds allocated for development and renovations of Awaysis Casamora property
- Upgrades aimed at increasing rental pool and sales inventory to generate additional revenues
- Loan provides working capital for operational needs and business opportunities
- Reliance on insider funding may indicate access to external capital
- Potential conflict of interest with executives providing the loan
"This bridge loan demonstrates the unwavering belief our management team has in Awaysis Capital's growth trajectory and strategic vision," said Michael Singh, Chairman and Co-CEO of Awaysis Capital. "By investing directly into the Company, we are not only providing the financial resources needed to execute our plans but also reinforcing our commitment to delivering long-term value to our shareholders."
The Loan will be instrumental in advancing the ongoing development and renovations of the Company's Awaysis Casamora property, a key asset in Awaysis Capital's real estate portfolio. The Awaysis Casamora property is undergoing significant upgrades to its rental units and the commercial buildings aimed at rebranding and enhancing its curb appeal. This will increase our rental pool and sales inventory to generate additional revenues. These renovations include state-of-the-art infrastructure improvements, modernized facilities, and aesthetic enhancements designed to attract high-caliber guests and buyers.
In addition to the property development, the Loan will provide crucial working capital, ensuring that the Company can maintain its operational momentum and meet day-to-day financial obligations. This infusion of capital will also enable Awaysis Capital to seize emerging business opportunities, strengthen its market position, and sustain its corporate growth strategy. By addressing both immediate and long-term financial needs, the Loan will support the Company's continued expansion and the execution of its strategic initiatives.
For further details, please refer to the full text of the Note, which is filed as Exhibit 10.1 to the Company's Current Report on Form 8-K.
About Awaysis Capital, Inc.
Increased global trends towards "work from home" opportunities have impacted both residency and travel. We believe that more people are seeking comfortable and convenient places to travel, visit, and live for extended durations. We seek to capitalize on these trends by transforming residential/resort properties in desirable locations into convenient enclaves that facilitate this type of travel or residency. We define an enclave as a gated community that has all the amenities that will allow a person to live, work and play without having to leave the community.
To learn more, visit www.awaysiscapital.com
Forward-Looking Statements
Statements in this press release that are not historical fact may be deemed forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential," "would" or "continue" or the negative of these terms or other similar expressions. Although Awaysis believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they involve numerous risks and uncertainties and Awaysis is unable to give any assurance that its expectations will be attained. Factors or events that could cause actual results to differ may emerge, and it is not possible to predict all of them. Awaysis' assumptions used for the purposes of the forward-looking statements represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. Such forward-looking statements involve assumptions, known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance or our achievements, or industry results, to differ materially from historical results, any future results, or performance or achievements expressed or implied by such forward-looking statements. There are a number of risks and uncertainties that could cause Awaysis' actual results to differ materially from the forward-looking statements contained in this press release, which are set forth in certain of our filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, except as may be required by law.
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SOURCE Awaysis Capital, Inc.
FAQ
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