Sanbra City / The Cascades
Phase 1 — Borteyman, Greater Accra, Ghana
The Vonne Group SPV Ghana, LLC
$5,000 Fractional Offer Closes In
Deadline: June 20, 2026 at 11:59 PM EST. After this, minimum entry returns to $25,000.
SANBRA CITY / THE CASCADES
Phase 1 Investment Opportunity / $2.0M Note + Equity
Renderings courtesy of Terraform Development Ltd.
| Location | Phase Details | Contracted Status | Profit Metrics | Target Tenor |
|---|---|---|---|---|
| Borteyman Greater Accra, Ghana | 49 UNITS Phase 1, gated | $13.4M GDV Contracted at $4.6M (34%) | 40.4% MARGIN Going-forward gross | 24 MONTHS Target hold period |
| Investment Sought | Expected Blended IRR | Equity Multiple (MOIC) |
|---|---|---|
| $2.0M Hybrid debt + equity | ~17.5% Over 24-month tenor | 1.38x Cash-on-cash on $2.0M |
Opportunity
Sanbra City — The Cascades is a 30-acre gated community in Borteyman, Greater Accra, developed by Terraform Development Ltd. Phase 1 comprises 49 units across 10 villas, 21 townhouses, and 18 apartments. Construction is advanced; this raise funds vertical finishing works on substantially-built units and working capital to accelerate sales velocity through to completion and sell-out.
Investment Structure & Use of Proceeds
Allocation of Funds
- Vertical finishing — apartment blocks (3): $1,000,000 (50%)
- Vertical finishing — townhouse blocks: $600,000 (30%)
- Sales/marketing acceleration & WC: $250,000 (13%)
- Contingency reserve: $150,000 (8%)
- Total Use of Proceeds: $2,000,000 (100%)
Tranche Split Matrix
- Tranche A ($1,200K): Senior Secured Note // 15% p.a. coupon
- Tranche B ($800K): Phase 1 SPV Equity // 8% stake, 18% IRR pref.
- Total Pool ($2,000K): Hybrid structure // 24-month target
Project Economics — Phase 1
- Gross Development Value (GDV): $13,425,000
- Remaining cost to complete: $8,000,000
- Going-forward gross profit: $5,425,000
- Going-forward gross margin: 40.4%
- Contracted (sold + reserved): $4,575,000 (34%)
- Unsold inventory (collateral pool): $8,850,000
Tranche Specifics
Tranche A / Senior Secured Note
- Principal: $1,200K, single drawdown on signing
- Coupon: 15% p.a., paid semi-annually in USD
- Tenor: 24 months, bullet repayment from sales proceeds
- Security: First-ranking lien over a designated pool of completed units with aggregate market value of $1.80M (1.5x collateral cover). Investor may select unit mix at signing; lien registered with Lands Commission.
Tranche B / Phase 1 SPV Equity Participation
- Principal: $800K subscribed to Phase 1 SPV
- Stake: 8% of Phase 1 net distributable profit
- Preferred Return: 18% IRR hurdle to investor before sponsor catch-up
- Distribution: Pro-rata from sales-proceeds waterfall after debt service
- Exit: Full distribution on Phase 1 completion and inventory sell-out
Investor Returns Summary
| Tranche | Investment | Return | Multiple |
|---|---|---|---|
| Tranche A interest | $1,200K | $360K | 1.30x |
| Tranche B profit share | $800K | $390K | 1.49x |
| Total cash return | $2,000K | $750K | 1.38x |
Key Milestones
- Month 0: Drawdown, lien registration, SPV subscription
- Months 1–6: Finishing works on apartment + townhouse blocks
- Months 6–12: Block-by-block handover; sales acceleration
- Months 12–18: Coupon payments; sell-down of unsold inventory
- Months 18–24: Debt principal repayment + equity distribution
Sponsor
Terraform Development Ltd / Western Group
Confidential / May 2026
Indicative terms only. Subject to final documentation, due diligence, and binding term sheet.
1 share minimum | 40 shares maximum
Frequently Asked Questions
Everything you need to know about the Sanbra City / The Cascades investment opportunity.
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