Private Investment Memorandum
Access CodePlease read and accept before proceeding
This investment memorandum ("Memorandum") and all information contained herein is strictly confidential and has been prepared solely for the use of the individual or entity to whom it has been delivered. By proceeding, you agree to hold all information in strict confidence.
You agree not to reproduce, distribute, share, forward, or otherwise disclose the contents of this Memorandum — in whole or in part — to any third party without the express prior written consent of Hook Mill Properties.
Nothing in this Memorandum constitutes a solicitation, offer, or invitation to buy, sell, or subscribe to any security or investment product. Any investment decision must be made solely on the basis of your own independent evaluation and, where appropriate, independent professional advice.
This Memorandum contains projections, estimates, and forward-looking statements based on current assumptions and market data. These are subject to risks and uncertainties and should not be relied upon as guarantees of future performance. Actual results may differ materially from those projected.
You acknowledge that you have been advised to seek independent legal, financial, and tax advice before making any investment decision. Hook Mill Properties makes no representations as to the suitability of any investment described herein for any individual investor.
If you choose not to pursue an investment, you agree to promptly destroy or return all copies of this Memorandum and any related materials upon request.
Private Investment Memorandum · Confidential
A rare assemblage on Therese Court, East Hampton Village — directly across from the historic Hook Mill windmill.
Hook Mill Properties represents an exceptional opportunity to invest in one of the most coveted micro-markets in American real estate — the Village of East Hampton, New York. The project consists of ten subdivided lots on Therese Court, a private road situated directly across from the landmark Hook Mill windmill, in the heart of the village.
The development is anchored by Lot 1 at 3 Therese Court — a meticulously restored 1864 historic residence that establishes the architectural identity and prestige of the entire collection. Four lots (1, 3, 7, and 8) are currently in active development with architectural plans by Steve Lemanski.
This raise funds two specific objectives: (1) retire existing construction and vendor debt, and (2) fund completion of the four active houses — unlocking their full borrowing and sale value.
We are seeking $[Total Investment Amount] in private capital structured as [equity / preferred equity / bridge loan — TBD]. Funds will retire existing bank and vendor debt on Lots 1, 3, 7, and 8 and fund remaining construction to bring all four homes to completion.
Upon completion, the four homes are projected to have a combined value of $[Projected Value], representing a projected investor return of [X]% over an estimated [X]-month timeline.
East Hampton Village is among the most sought-after residential markets in the United States — characterized by extremely constrained inventory, a wealthy and resilient buyer pool, and a cultural cachet that transcends economic cycles. The village consistently commands price-per-square-foot figures that rival Manhattan's most desirable blocks.
Therese Court is a private road — an increasingly rare distinction in the Hamptons, conferring exclusivity and a sense of enclave that buyers at this price point actively seek. Its location places residents within walking distance of the village's finest restaurants, galleries, and beaches, while maintaining the privacy of a self-contained community. The visual anchor of the Hook Mill windmill directly across the street provides a historic backdrop that simply cannot be replicated.
| Address | Type | Sq Ft | Sale Price | $/Sq Ft | Date |
|---|---|---|---|---|---|
| [Comparable 1] | Historic restored | [SF] | $[Price] | $[PSF] | [Date] |
| [Comparable 2] | New construction | [SF] | $[Price] | $[PSF] | [Date] |
| [Comparable 3] | Village center | [SF] | $[Price] | $[PSF] | [Date] |
| [Comparable 4] | New construction | [SF] | $[Price] | $[PSF] | [Date] |
Source: [MLS / Broker comps — to be provided]
Ten individually subdivided lots along a private road in East Hampton Village. This capital raise is focused on the four active lots. The remaining six lots represent significant future value not encumbered by the current debt stack.
| Lot | Address | Status | Lot Size | Est. Finished SF | This Round |
|---|---|---|---|---|---|
| Lot 1 | 3 Therese Ct | In Construction | [SF] | [SF] | ✦ |
| Lot 2 | [TBD] | Planned | [SF] | [SF] | — |
| Lot 3 | 6 Therese Ct | In Construction | [SF] | [SF] | ✦ |
| Lot 4 | [TBD] | Planned | [SF] | [SF] | — |
| Lot 5 | [TBD] | Planned | [SF] | [SF] | — |
| Lot 6 | [TBD] | Planned | [SF] | [SF] | — |
| Lot 7 | 16 Therese Ct | In Construction | [SF] | [SF] | ✦ |
| Lot 8 | 18 Therese Ct | In Construction | [SF] | [SF] | ✦ |
| Lot 9 | [TBD] | Planned | [SF] | [SF] | — |
| Lot 10 | [TBD] | Planned | [SF] | [SF] | — |
✦ Included in this capital raise
Lot 1 is the crown jewel of the Therese Court assemblage — a meticulously restored 1864 residence that anchors the entire development both physically and narratively. Positioned at the entrance of the private road, this historic home has been carefully rehabilitated to preserve its 19th-century architectural character while incorporating modern systems and finishes appropriate to the luxury market.
[Additional description of construction work completed, notable features, restoration details — to be filled in.]
Full architectural plan sets available upon request — info@prendergastdev.com
| Creditor | Type | Notes | Balance Owed |
|---|---|---|---|
| Barclays BankBank | Construction Loan | View court papers | $[Amount] |
| SachemBank | Construction Loan | View court papers | $[Amount] |
| TD BankBank | Loan / Line | View invoice | $[Amount] |
| Riverhead Building SupplyVendor | Materials | $[Amount] | |
| Maurder's LandscapingVendor | Landscaping | $[Amount] | |
| [Subcontractor 1]Sub | [Trade] | $[Amount] | |
| [Subcontractor 2]Sub | [Trade] | $[Amount] | |
| Total Outstanding Debt — Lot 1 | $[Total] | ||
[Property description — construction type, architectural style, notable features, current stage. To be filled in.]
Full architectural plan sets available upon request — info@prendergastdev.com
| Creditor | Type | Notes | Balance Owed |
|---|---|---|---|
| Barclays BankBank | Construction Loan | View court papers | $[Amount] |
| SachemBank | Construction Loan | View court papers | $[Amount] |
| TD BankBank | Loan / Line | View invoice | $[Amount] |
| Riverhead Building SupplyVendor | Materials | $[Amount] | |
| Maurder's LandscapingVendor | Landscaping | $[Amount] | |
| [Subcontractor 1]Sub | [Trade] | $[Amount] | |
| [Subcontractor 2]Sub | [Trade] | $[Amount] | |
| Total Outstanding Debt — Lot 3 | $[Total] | ||
[Property description — to be filled in.]
Full architectural plan sets available upon request — info@prendergastdev.com
| Creditor | Type | Notes | Balance Owed |
|---|---|---|---|
| Barclays BankBank | Construction Loan | View court papers | $[Amount] |
| SachemBank | Construction Loan | View court papers | $[Amount] |
| TD BankBank | Loan / Line | View invoice | $[Amount] |
| Riverhead Building SupplyVendor | Materials | $[Amount] | |
| Maurder's LandscapingVendor | Landscaping | $[Amount] | |
| [Subcontractor 1]Sub | [Trade] | $[Amount] | |
| [Subcontractor 2]Sub | [Trade] | $[Amount] | |
| Total Outstanding Debt — Lot 7 | $[Total] | ||
[Property description — to be filled in.]
Full architectural plan sets available upon request — info@prendergastdev.com
| Creditor | Type | Notes | Balance Owed |
|---|---|---|---|
| Barclays BankBank | Construction Loan | View court papers | $[Amount] |
| SachemBank | Construction Loan | View court papers | $[Amount] |
| TD BankBank | Loan / Line | View invoice | $[Amount] |
| Riverhead Building SupplyVendor | Materials | $[Amount] | |
| Maurder's LandscapingVendor | Landscaping | $[Amount] | |
| [Subcontractor 1]Sub | [Trade] | $[Amount] | |
| [Subcontractor 2]Sub | [Trade] | $[Amount] | |
| Total Outstanding Debt — Lot 8 | $[Total] | ||
The following summarizes total capital required across all four active lots, proposed use of funds, and projected investor return.
| Creditor | Type | Lot 1 | Lot 3 | Lot 7 | Lot 8 | Total |
|---|---|---|---|---|---|---|
| Barclays | Bank | $[—] | $[—] | $[—] | $[—] | $[Total] |
| Sachem | Bank | $[—] | $[—] | $[—] | $[—] | $[Total] |
| TD Bank | Bank | $[—] | $[—] | $[—] | $[—] | $[Total] |
| Riverhead Building Supply | Vendor | $[—] | $[—] | $[—] | $[—] | $[Total] |
| Maurder's Landscaping | Vendor | $[—] | $[—] | $[—] | $[—] | $[Total] |
| All Subcontractors | Sub | $[—] | $[—] | $[—] | $[—] | $[Total] |
| Total All Active Lots | $[L1] | $[L3] | $[L7] | $[L8] | $[Grand Total] | |
| Term | Detail |
|---|---|
| Investment Structure | [Equity / Preferred Equity / Bridge Loan — TBD] |
| Preferred Return / Rate | [X]% — TBD |
| Profit Participation | [X / Y split — TBD] |
| Estimated Term | [X] months — TBD |
| Exit Trigger | Sale of completed homes / refinancing |
| Security / Collateral | [Mortgage position on lots — TBD] |
This memorandum is presented with full transparency. Risks are disclosed clearly — this is both an ethical obligation and a mark of the seriousness with which this opportunity is presented. Review all risks with independent financial and legal counsel.
Click any document to view. Items marked as placeholders are pending — upload files to your hosting and update the DOCUMENTS object in the site's script.