Preliminary summary for accredited investors. Not an offer to sell or a solicitation of an offer to buy any security; any offer will be made only through definitive offering documents approved by licensed counsel.
| Term | Proposed value | Status |
|---|---|---|
| Exemption | Regulation D, Rule 506(c) | Decided |
| Purchasers | Accredited investors only; the Manager will take reasonable steps to verify each purchaser's status | Decided |
| Raise | $2,000,000 minimum to $5,000,000 maximum, in one or more closings | Decided |
| Minimum investment | $50,000, subject to waiver by the Manager | Decided |
| Security | Class A Membership Interests in a manager-managed limited liability company; the Manager holds the Class B interest | Default, subject to final documents |
| Issuer and Manager | To be formed; formation state and the Manager's legal entity are open | Open |
| Preferred return | 8% per annum on unreturned capital, cumulative and non-compounding | Rate decided; accrual convention subject to final documents |
| Distribution order | Accrued preferred return to Class A; then return of capital to Class A; then 70% to Class A and 30% to Class B | Default, subject to final documents; no catch-up assumed |
| Fees | Acquisition, asset-management, construction-management, disposition, financing, and organizational fees are open economic terms | Open |
| Leverage | None assumed; all-equity acquisitions | Open |
| Target hold | 18 to 36 months, with Manager extensions per the operating agreement | Decided; extension length open |
| Use of proceeds | 70% acquisitions; 20% renovation, carrying costs, and capital expenditures; 10% reserves, organizational and offering expenses, and disclosed fees | Decided |
| Liquidity | Restricted securities; no public market exists or is expected to develop; transfers only with Manager consent and in compliance with securities law | Decided |
| Fund model | Semi-blind pool with one identified initial acquisition; no other property identified | Default |
| Sponsor | Y3K Markets, Kevan Burns's company. Y3K Markets has not previously sponsored an investment vehicle and has no operating history. | Decided |
Every value above is copied from the offering's deal-terms file. "Subject to final documents" means the founder has not yet resolved that term and counsel has not reviewed it.
2277 N Peachtree Way, Dunwoody, GA 30338 (DeKalb County). A due-and-payable HUD-insured Home Equity Conversion Mortgage estate sale serviced by a HUD contractor.
The Sponsor has never sponsored a vehicle. Investors are relying on a plan, a process, and named individuals, not a record.
Only one property is identified and it is not under contract. Capital may be deployed into assets investors have not seen.
Restricted securities, no public market, transfers only with Manager consent. Plan to hold to liquidation.
The identified property involves persons connected to the Sponsor on both sides. Conflicts are disclosed and governed by the operating agreement, not eliminated.
Renovation budgets, holding periods, and resale values are assumptions until a bid and a broker opinion exist. Costs rise; markets soften.
An investor may lose the entire investment. No return is promised. Any illustration is hypothetical and is not a guarantee.
Under Rule 506(c) the Manager must take reasonable steps to verify each purchaser's status. Self-certification alone does not satisfy the rule, and the $50,000 minimum investment is not by itself a verification safe harbor.
A fourth path in the rule, prior investment in a Rule 506(b) offering by the same issuer, is unavailable: Y3K Markets has made no prior offering.
Verification happens through the counsel-approved questionnaire, not through this website.
This registers interest only. It is not a subscription, not a reservation, and not verification.