secwatch.observer — SEC 8-K summary
======================================

Issuer:     iCap Vault 1, LLC (—)
CIK:        0001800199
Form:       8-K/A
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001493152-22-033299
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iCap Vault 1 provides historical and pro forma financials for $6M property acquisition from affiliates
--------------------------------------------------------------------------------

- Acquired office/warehouse property in Vancouver, WA for $6,004,052 on July 26, 2022; seller was borrower under prior $2M loan.
- Property generated rental income of $179,712 (H1 2022 unaudited) and $359,424 (FY2021); operating expenses were $20,300 and $40,600.
- Pro forma net loss for H1 2022 increased from $650,401 to $664,507; for FY2021 from $1,263,347 to $1,381,620, reflecting financing costs.
- Property is leased through April 2028 with initial rent of $28,500/month and 2% annual increases; two 5-year renewal options.
- Acquisition was funded by Private and Public Placement Notes; related-party nature noted in filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800199/000149315222033299/0001493152-22-033299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800199/000149315222033299/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-033299

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer