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Cedar Knob Nexus — $1.5M PIK Bridge Loan | Data Room
CONFIDENTIAL

Cedar Knob Nexus
$1,500,000 PIK Bridge Loan

Walnut Hills LLC • Sugarfork, Macon County, North Carolina • Spring 2026
Donald E. Pickett — Developer / Founder / Author / Managing Member | Data Room Index
153 Acres
TOTAL PROPERTY
$3.3M+
CONSERVATIVE LAND VALUE
$14K/wk
DOME PGI AT LAUNCH
$6.5M+
2027 LIQUIDITY EVENT
Use of Proceeds — $1,500,000
53%
$800,000
Refinance & Debt Retirement
Clean capital stack — unlocks DSCR refi exit
33%
$500,000
GeoDome Glamping Deployment
15 rental domes + event dome → $14K/wk PGI
13%
$200,000
Mobile Studio & Book Tour
Basically Done, Pick's Hideaway Players, WebWeave IP
Data Room — Document Index
PRIMARY

$1.5M PIK Bridge Loan — Investor Pitch Deck

10-slide presentation covering use of proceeds, GeoDome activation model, mobile studio thesis, collateral table, exit strategy, and 5-year revenue projection. Forest Green / Muted Gold branding.

📄 Access Deck → ckn.world/whbld
PRIMARY

$1.5M PIK Bridge Loan — Business Plan

Full 9-section narrative business plan: executive summary, property overview, use of proceeds (3 tracks), collateral, exit strategy, financial projections, Summit Lodge thesis, operator background, and loan terms.

📄 Access Business Plan → ckn.world/whblbp
FINANCIAL

5-Year Financial Projections (Starting 2026)

Year-by-year revenue model: $60K–$90K (2026 activation) → $6.5M+ (2027 liquidity event) → $840K–$1.49M (2028 recurring) → $3.5M–$7.3M (2029 lodges) → $5.35M–$10.4M (2030 stabilized).

FINANCIAL

$7M Proforma — 2027–2031

Full equity raise proforma model covering the $7M development track. 5-year projections, capital deployment schedule, and returns framework for the complete Cedar Knob Nexus buildout.

FINANCIAL

$1.5M Proforma — 2027–2031

Bridge-track proforma aligned with the $1.5M facility. Revenue projections anchored to the dome activation, 2027 home sales, and recurring income scaling through the bridge and takeout period.

STRATEGY

Bridge Loan Exit Strategy

Detailed exit analysis: DSCR / permanent refi (12–18 months), lot liquidation (5–6 lots = full payoff at ~$286K each), and equity syndication (~$5M Phase I). Redundancy analysis and lender credit memo language.

MARKET

Short-Term Rental Market & Income Analysis

Cashiers-Highlands Plateau STR benchmarks. 1,050 sq ft cottage model: $275–$305 ADR, 52%–60% occupancy, $58K–$68K gross annual revenue. NOI $27K–$43K. Income-approach value $470K–$540K.

PROPERTY

Walnut Hills Home Builds — Sheet 4

Detailed build cost, sale price, and profit analysis for 5 residential homes and 5 retained resort lodges. Includes PGI projections, cottage analysis, and greenspace/amenity package valuation ($1.016M).

STRATEGY

GeoDome Sites — Future Lot Backyards / Strategic Acquisitions

Dual-return asset strategy overview: $15,000/month material cost deployment, $180K/year, ~$900K over 5 years. Short-term glamping PGI + long-term improved lot premium. Site improvement specifications.

PROPERTY

Cedar Knob Nexus — Spring 2026 Overview

Current property status, development phase, and project overview for the Spring 2026 investor and lender presentation cycle.

PROPERTY

Cedar Knob Nexus — Master Plan Summary

Full project master plan: 153 acres, 25 build-ready lots, 4 ridge lots, 111 acres S2G2 conservation preserve, Summit Lodge Collection, cottage program, wellness retreat, and production campus.

PROPERTY

Cedar Knob Summit Lodge Collection

13-page investor development package: 5 lodge properties, studio infrastructure specs (4,000 sq ft basement stage, chroma key, GPU rendering), market demand analysis, and full 3-year revenue projections ($2.7M → $6.1M → $9.24M).

METHODOLOGY

Revenue Presentation Methodology — WebWeave Nexus

Financial model methodology: net revenue (profit) basis — all figures represent net positive cash flow above operational expenses. Conservative by design; no speculative margin assumptions.

IP / CREATIVE

Basically Done — Book 1, The Lineage Arc

Published January 7, 2026 on Kindle. Southern thriller, 183,000 words. Foundation of the WebWeave Universe storytelling ecosystem. Author's Raw Edit standard — full human authorship and editorial control retained.

IP / CREATIVE

Pick's Hideaway Players — Music Catalog

400+ song catalog spanning Appalachian Americana, Southern Folk, Outlaw Rock, and British Isles Folk. Distributed globally. Includes Appalachian Ages (18-album, 630-song American history series). Licensing site in development.

Collateral Summary
Collateral AssetConservative ValuePositioned ValueLTV vs. $1.5M
153-acre Walnut Hills / Cedar Knob Nexus $3,300,000 $6,500,000 – $7,000,000+ 220% – 467%
26 Recorded Lots (~$286K indicative each) $7,436,000 aggregate Indicative per-lot 495% aggregate
5 Lodge Sites (Cedar Knob ridge parcels) Included above $12,250,000 build-out value Structural upside
Operating Dome Income (NOI) $728K PGI / year Post-event upside TBD Interest coverage
Exit Strategy — Three Independent Repayment Paths
01
DSCR / Permanent Refinance
12–18 months | Market-rate dependent
  • STR income stabilization: months 3–9
  • 12-month revenue seasoning: months 9–12
  • Refinance execution: months 12–18
  • 60–70% LTV vs $3.3M = full payoff
  • DSCR STR, portfolio, or blanket loan eligible
02
Lot Liquidation / Asset Sale
6–12 months | Absorption timing
  • 26 recorded lots at ~$286K indicative value
  • 5 lots = ~$1.43M (full payoff)
  • 6 lots = ~$1.72M (payoff + surplus)
  • Supply-constrained plateau market
  • Does not impair project viability
03
Equity Syndication
9–15 months | Capital market timing
  • Phase I syndicate target: ~$5M equity
  • Retires bridge + provides operating capital
  • Converts bridge to preferred equity
  • Establishes long-term capital stack
  • All paths within standard bridge terms
5-Year Revenue Timeline
2026
$60K – $90K
Bridge activation. Dome rentals, early bookings, pilot stays. Proof of demand, minimal burn.
2027
$6.5M – $6.7M
PRIMARY LIQUIDITY EVENT. Sale of 5 homes (~$6.0M+). Cottages fully operational. Wellness and events launch. Market comps established.
2028
$840K – $1.49M
Lodge construction begins. Rentals + wellness + production (AI studio early activation) + events scaling. Transition to recurring income model.
2029
$3.5M – $7.3M
2–4 ridge-top lodges operational. Studio and production fully integrated. Fully diversified income streams. Strong resort positioning.
2030
$5.35M – $10.4M
Stabilized resort + production campus. $20M–$30M+ asset valuation. Lodges, cottages, wellness, and IP ecosystem at full run-rate.
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