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Why a note, not equity
You are a creditor. You sit ahead of everyone.
The fund holds a senior preferred equity position in the underlying deals. That is what backs your note.
01
Tax Simplicity
A 1099-INT instead of a K-1 — no partnership reporting, no multi-state filing headaches.
02
Creditor priority
Note holders sit ahead of all equity in any liquidation, a stronger position than preferred equity.
03
Familiarity
Private credit and secured lending is a well-understood category for accredited investors.
What you get beyond the yield
Fun perks of being part of the Clear Summit investor crew
7 Free Nights
7 nights free each year at any Clear Summit resort, and 50% off stays after that.
10 Soak Passes
10 soak passes total, shared across all our hot spring properties.
$500 Annual Credit
Use resort credit toward food, spa, refreshments, upgrades, or experiences.
10 Buddy Passes
Bring the people you love into the experience with 10 buddy passes at 50% off for family and friends.
2025 Investor Highlights
We don't just talk about results. We build them.
150+
Investors
$20,500,000
Raised
5
Resorts Owned
4,000+
5 Star Property Reviews
We manage risk and protect your capital fiercely
This is where things get a little nerdy, but you deserve to have full visibility on how we steward your investment​.​
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We start with rigorous underwriting discipline:
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Fixed-rate debt only - no floating rate & no bridge loans
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Minimum 1.35 debt service coverage ratio for strong cash flow coverage, with most properties at 1.5+ DSCR
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75% Max LTV: Conservative leverage across every deal
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At least one portfolio property held debt-free for immediate liquidity
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Every acquisition must be cash-flow positive from day one
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Every capital improvement must pencil at 20%+ ROI over three years or it doesn't get done
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10% cash reserves maintained at all times
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Diversified portfolio across properties, markets & seasonality
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Your note is backed by:
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25 to 35% liquid reserve sleeve for distribution buffer and yield.
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$1,000,000 personal sponsor first-loss guarantee
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​As a note holder you sit ahead of all equity: par plus accrued return is returned before any equity investor participates in proceeds. We lose before you lose.
The Opportunity
Why Hot Springs & Outdoor Wellness?
Natural hot springs and outdoor wellness hospitality have been cultural staples & institutionalized for centuries in Europe and Japan. In the US, this industry is still 88% mom-and-pop, exactly where mobile home parks and self-storage sat a decade ago
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$72B
Global industry size
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17.7%
US YoY thermal/mineral spring revenue growth, 2024
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10.2%
US thermal/mineral spring CAGR 2019–2024, vs. 1.7% global CAGR
As demand continuously rises, supply has a permanent constraint
You cannot manufacture geothermal water or national parks, what exists is where supply is quite literally naturally capped at.
Natural hot springs and proximity to national parks are irreplaceable, which makes the consolidation premium at exit more durable than mobile home parks or self-storage ever delivered.
Desert Reef Hot Spring, a Clear Summit Resort
The exit buyers are already here
Therme Group ($1.5B pipeline), Hoshino Resorts, Six Senses, and Hyatt are all deploying capital into North American thermal and wellness assets today.
A scaled, operating US portfolio is exactly what they're looking for in five to fifteen years.
Cottonwood Hot Springs, a Clear Summit Resort
Three Paths. One Portfolio. Earn from Day 1.
Path A
10%
per year
Steady monthly distributions deposited directly into your account every month.
Monthly Income
✔ Paid monthly
✔ 1 year minimum
✔ 10% compounded returns
✔ Ideal for passive income
✔ 100k minimum
Path B
12%
per year
Grow your capital over 12 months and then withdraw anytime.
Compounded Growth
✔ Paid at maturity
✔ 1 year minimum
✔ 12% compounded returns
✔ Shorter cycle investing strategy
✔ 100k minimum
Path C
14%
per year
Maximum compounding over three years with your rate locked in for future offerings.
Highest Returns
✔ Highest return profile
✔ 3 year minimum
✔ 14% compounded returns
✔ Built for long term investors
✔ 100k minimum