Immersive Sensory Art
Executive Credit Memorandum – US$ 5,000,000 Growth Facility
5M
Growth Capital Target
Strategic Funding Objective
3.8M
Annualized Revenue
Projected FY23-24
50%
EBITDA Margins
Achieved Performance
1
Capacity Expansion
Invest in production infrastructure and optimize operational efficiency to meet growing demand.
2
Sustainable Growth
Develop robust recurring revenue streams through strategic infrastructure deployment and market penetration.
3
Global Market Access
Leverage this facility to unlock and scale international expansion opportunities for our investors.
Immersive Sensory Art
Executive Credit Memorandum – US$ 5,000,000 Growth Facility
5M
Growth Capital Target
Strategic Funding Objective
3.8M
Annualized Revenue
Projected FY23-24
50%
EBITDA Margins
Achieved Performance
Capacity Expansion
Invest in production infrastructure and optimize operational efficiency to meet growing demand.
Sustainable Growth
Develop robust recurring revenue streams through strategic infrastructure deployment and market penetration.
Global Market Access
Leverage this facility to unlock and scale international expansion opportunities for our investors.
Corporate Structure & Borrower Profile
1
Operating Companies
Meta Original USA Inc. (Borrower / OpCo)
- Signs all developer contracts
- Receives project revenue
- Employs staff and contractors
- Carries main operating expenses
Virtual Experience USA Inc. (Tech & IP HoldCo)
- Holds core software and technology assets
- Powers the immersive platform
- Supports subscription and recurring-revenue model
2
Ownership & Guarantees
- 100% of both entities owned by Daniel Bergoce (Founder & CEO)
- No venture capital or private equity investors
- No SAFEs, convertible notes, or preferred share classes issued
- Simple, founder-controlled cap table with no intercreditor complexity
- Daniel Bergoce is prepared to provide a personal guarantee (full or partial) aligned with lender requirements
02
Collateral Package Overview
Meta Original offers comprehensive downside protection through a diversified collateral package combining proprietary technology, contracted cash flows, tangible equipment, and substantial cash reserves. The aggregate economic coverage is estimated between US$ 14–20 million against the requested US$ 5 million facility, representing a security multiple of approximately 3–4 times the loan amount.
1
Proprietary Technology & IP
Over US$ 1.5 million invested in Unreal Engine-based immersive visualization platform with custom software layers, production tools, and asset libraries specifically built for luxury real estate applications. This technology represents significant competitive differentiation from commodity 3D providers.
2
Signed Contracts & Future Cash Flows
Committed revenue streams from executed agreements including Marriott Aventura (US$ 420K), Viceroy Clearwater (US$ 162K recurring), Mr. C Dubai (US$ 260K), and multiple additional projects with payment schedules beginning February 2026.
3
Equipment & Fixed Assets
High-performance workstations, servers, networking infrastructure, and professional display equipment acquired to support production and immersive demonstrations, documented in fixed-asset schedules.
4
Cash Reserves & Escrow Capacity
Current corporate cash exceeds US$ 500,000, with willingness to allocate portions into debt service reserve accounts covering 6–12 months of payments, depending on final facility terms.
2025 Year-to-Date Snapshot
- Revenue: [US$ X,XXX,XXX]
- EBITDA: [US$ X,XXX,XXX]
- Cash balance: > US$ 500,000
- Normalized monthly operating expense base: approximately US$ 120,000–150,000
Additionally, the company maintains a qualified commercial pipeline of approximately 75 developments representing 13,814 residential units with total sell-out value between US$ 20–25 billion. While not formal collateral, this pipeline strongly validates platform positioning and future cash flow sustainability. Meta Original is prepared to commission third-party IP valuation if requested to further support collateral analysis.
A third-party valuation of the proprietary technology and IP can be commissioned at lender request to further support collateral analysis.
03
Historical Financial Performance
Meta Original has demonstrated consistent revenue growth and exceptional profitability across multiple fiscal periods, validating its business model execution and operational discipline.
Combined 2023-2024 performance represents approximately US$ 3.8 million in total revenue with disciplined cost control throughout both periods.
50%
EBITDA Margin 2023
Exceptional profitability on high-value project fees
50%
EBITDA Margin 2024
Sustained efficiency with lean structure and proprietary technology
These historically strong margins, consistently around 50% EBITDA, reflect significant pricing power, delivery capacity for complex projects, and operational efficiency of the current structure.
Minimal Existing Debt
The company carries no meaningful long-term financial debt beyond standard trade payables and short-term obligations in normal course of business.
2025 Year-to-Date Snapshot
As of [DATE], 2025 year-to-date financials are consolidated in standard format (P&L, Balance Sheet, Cash Flow), with performance as follows:
• Revenue: [2025 YTD REVENUE]
• EBITDA: [2025 YTD EBITDA] (margin broadly consistent with prior years)
• Cash balance: > US$ 500,000
• Normalized monthly operating expense base: approximately US$ 120,000–150,000
Full 2025 YTD financial statements are available in the lender data package.
• Revenue: [2025 YTD REVENUE]
• EBITDA: [2025 YTD EBITDA] (margin broadly consistent with prior years)
• Cash balance: > US$ 500,000
• Normalized monthly operating expense base: approximately US$ 120,000–150,000
Full 2025 YTD financial statements are available in the lender data package.
Current Operating Metrics
The normalized monthly operating expense base ranges approximately US$ 120,000–150,000 per month, including teams in Brazil and US, overhead, and technology costs. When projects run at regular pace, the company operates with positive EBITDA maintaining the historical ~50% margin profile. Importantly, the requested US$ 5 million facility is intended to accelerate growth and build recurring revenue streams, not to fund structural operating losses.
04
Strategic Initiatives for Enhanced Distribution
Building on our strong financial performance and robust collateral package, Meta Original is poised to accelerate its market penetration and expand its distribution channels. Our strategy focuses on leveraging our proprietary technology and proven track record to reach a wider audience of luxury real estate developers and hospitality partners.
The following initiatives outline our plan to optimize market reach and client acquisition, translating our operational efficiency into scalable growth:
Global Market Expansion
Targeting new high-growth regions in luxury real estate, starting with strategic hubs in Europe, the Middle East, and Asia. Our platform's flexibility allows for rapid deployment in diverse international markets.
Strengthening Partner Networks
Cultivating deeper relationships with architectural firms, interior designers, and luxury marketing agencies to embed our immersive experiences as a standard offering in their project workflows, creating referral channels.
Digital Engagement & Outreach
Implementing advanced digital marketing strategies, including targeted online campaigns, interactive virtual showcases, and thought leadership content, to directly engage decision-makers and showcase our unique value proposition.
Product-Led Growth & Scalability
Investing in further development of our core platform to introduce more standardized, scalable product lines that can be adopted by a broader range of clients with varying project sizes, facilitating easier integration and faster adoption.
These initiatives are designed to amplify our existing strengths, ensuring that Meta Original remains at the forefront of immersive visualization technology and continues its trajectory of significant growth and market leadership.
04
Current Financials & Documentation Pack
1
Historical Results – 2023 & 2024
- 2023 Revenue: approx. US$ 1.7M | EBITDA margin ~50%
- 2024 Revenue: approx. US$ 2.1M | EBITDA margin ~50%
- Combined performance of ~US$ 3.8M revenue with disciplined cost base and strong project execution.
2
2025 YTD Snapshot
- 2025 YTD revenue: [US$ X,XXX,XXX]
- 2025 YTD EBITDA: [US$ X,XXX,XXX]
- Corporate cash position: > US$ 500,000
- Normalized monthly operating expense base: approx. US$ 120,000–150,000 per month
- No meaningful long-term financial debt beyond standard trade payables and short-term obligations.
2025 Year-to-Date Snapshot
As of [DATE] 2025, year-to-date performance is as follows:
- Revenue: [US$ X,XXX,XXX]
- EBITDA: [US$ X,XXX,XXX] (margin broadly consistent with prior years)
- Cash balance: > US$ 500,000
- Normalized monthly operating expense base: approximately US$ 120,000–150,000
Full 2025 YTD financial statements (P&L, Balance Sheet, Cash Flow) are available in the lender data package.
Full 2023–2024 financial statements (P&L, Balance Sheet, Cash Flow), 2025 year-to-date package, and IRS Form 1120 filings for Meta Original USA Inc. and Virtual Experience USA Inc. are provided as supporting documentation for lender review.
05
Contracted Revenue & Pipeline
Executed Agreements with Defined Payment Schedules
Meta Original has secured multiple high-value contracts with tier-one developers, creating predictable cash flows that begin materializing in early 2026. These signed agreements provide strong visibility into near-term revenue and support debt service capacity.
Marriott Aventura
Type: Project
Value: US$ 420,000
Start Date: Feb 2026
Notes: Expansion potential into CRM and analytics
Viceroy Clearwater
Type: Recurring Monthly
Value: US$ 162,000
Start Date: Feb 2026
Notes: US$ 4,500/month for 36 months
Mr. C Residences Dubai
Type: Project
Value: US$ 260,000
Start Date: Feb 2026
Notes: Strategic international expansion
Rivage Bal Harbour
Type: Project Balance
Value: US$ 70,000
Start Date: Feb 2026
Notes: Services already rendered
Midtown
Type: Project + Commission
Value: US$ 250,000
Start Date: Feb 2026
Notes: Plus 8% sales commission on units sold via Meta
75
Luxury Developments
Active commercial engagements
13,814
Residential Units
Estimated in pipeline
$20-25B
Sell-out Value
Estimated total pipeline value
Beyond these executed contracts, Meta Original maintains active commercial engagement with an impressive pipeline of 75 luxury developments. This pipeline encompasses approximately 13,814 residential units with estimated total sell-out value between US$ 20–25 billion. Key relationships include Bentley Residences, Cipriani Residences Miami, Olana, Surf Row Residences, The Residences at 1428 Brickell, The Standard, Four Seasons Private Residences Coconut Grove, Palma, and South Place City Center among many others. While the pipeline represents opportunity rather than committed revenue, it strongly validates the platform's strategic market positioning and the sustainability of future cash generation capacity.
Next 12-Month Contracted Revenue
Based solely on executed agreements already in place, Meta Original expects to generate approximately [US$ X,XXX,XXX] in revenue over the next 12 months, excluding any upside from sales commissions and non-executed pipeline opportunities.
06
Next 12 Months Revenue from Executed Agreements
Based solely on executed agreements already in place, Meta Original expects approximately [US$ X.X million] in revenue over the next 12 months. This includes ongoing 2025 project contracts currently in execution, while multi-year agreements beginning in February 2026 provide additional visibility beyond the initial 12-month horizon.
Ongoing 2025 project contracts – in execution
Approx. [US$ X,XXX,XXX over next 12 months]
Multi-year contracts starting Feb 2026
Marriott Aventura, Viceroy Clearwater, Mr. C Dubai, Rivage Bal Harbour, Midtown (project plus 8% sales commission on units sold via Meta Original).
07
Facility Structure & Terms
1
Facility Amount
Up to US$ 5,000,000 corporate credit facility focused on growth, international expansion, and working capital optimization
2
Preferred Tenor
24–36 month term with flexibility for longer duration aligned with pricing and covenant requirements
3
Interest-Only Period
Initial 6–12 month interest-only structure enabling team deployment, production pod activation, and US operations establishment
4
DSCR Trajectory
Coverage improving significantly from Year 2 onward as recurring revenue streams reach run rate and project volume scales
DSCR projections assume a 24–36 month facility with an initial 6–12 month interest-only period followed by straight-line principal amortization, with coverage improving as recurring revenue streams reach full run rate.
Use of Proceeds – Allocation (US$ 5,000,000)
35%
Production Pods & Technical Teams
(additional Unreal pods, Brazil + US, training and QA)
25%
Technology Platform & Recurring Revenue Stack
(MetaCloud, MetaAPP, infrastructure for 3–4 year server contracts)
15%
Commercial Engine & Investor HUB
(Miami flagship space, sales engine, investor HUB and go-to-market in key markets)
25%
US Infrastructure & Operations
(operational buffer and 6–12 months of debt service coverage in escrow)
Allocation ranges are indicative and will be finalized in alignment with lender requirements and facility covenants, while preserving a conservative liquidity position.
A portion of the facility may be allocated to a debt service reserve account, providing additional lender comfort and ensuring strong coverage ratios during the initial ramp-up phase.
08
Revenue Model Transformation
Meta Original has fundamentally redesigned its business model to transition from high-ticket, one-off project revenue into a diversified platform generating predictable, recurring cash flows across four complementary pillars. This transformation directly addresses credit risk by creating multiple revenue streams with different risk profiles and payment cycles.
Immersive Projects
Average project fee repositioned to US$ 200,000 (below historical pricing) to drive volume and predictability. Delivery capacity scales from 15 projects in first expansion year to 30 projects annually as new pods open in Brazil and US, representing US$ 3–6 million in annual project fees at full run rate.
Server Rental Contracts
Each Sales Gallery operates with 2 dedicated servers at US$ 3,000 per month with 36–48 month contract duration aligned with sales cycles. As installed base grows project-by-project, server rental becomes a recurring, predictable multi-million-dollar revenue stream independent of new business wins.
SaaS Subscription Platform
Value previously captured in one-off projects migrates into a subscription layer where developers, brokers, and partners pay monthly fees to access immersive content, run online presentations, configure units in real-time, and track buyer engagement data. High margins with minimal incremental cost.
Sales Commissions & Investor HUB
Early access to inventory enables offering investors and qualified buyers the best units at first-phase pricing through immersive presentations. Commission structure: 2% Year 1, 3% Year 2, 4% Year 3, approximating an effective 5% per transaction on units sold via the Meta Original platform.
This multi-pillar approach creates natural diversification where project fees provide immediate cash flow, server rentals build a growing base of contractual recurring revenue, subscription adds high-margin SaaS income, and commissions generate upside linked to market performance with minimal incremental fixed costs.
09
Financial Projections 2026-2031
Revenue Trajectory
The detailed financial plan demonstrates how the transformed business model scales from current performance levels to a US$ 50–60 million annual revenue platform as all four pillars reach full run rate.
Key Performance Drivers
Revenue acceleration is driven by systematic deployment across all four pillars simultaneously.
Project Volume Scaling
From current levels to 15 projects in Year 1, reaching 30 projects annually by Year 3 at US$ 200K average ticket.
Server Base Expansion
Growing installed base of 36–48 month contracts at US$ 3,000/month per server, 2 servers per gallery.
Subscription Adoption
Platform layer gaining significant weight from 2027 onward as developers migrate to recurring access model.
Commission Capture
Conservative capture rate on 13,814-unit pipeline with US$ 20–25 billion total sellout value generates substantial incremental revenue.
EBITDA & Cash Generation
The new model builds on a proven foundation that has already delivered EBITDA margins around 50% on project revenue. With the addition of recurring components—servers, subscription, and commissions—the company is positioned to maintain strong EBITDA margins in the 40–50% range while significantly increasing absolute EBITDA from the second expansion year onward. This operational leverage directly strengthens cash generation capacity to support and amortize the US$ 5 million facility.
10
Debt Service Coverage Analysis
The internal DSCR analysis reflects a typical growth financing trajectory where initial investment phase transitions into healthy coverage as revenue streams mature and scale. This profile is precisely what sophisticated lenders expect in growth credit structures.
1
Year 1: Investment Phase
DSCR approximately 0.7–0.8x during ramp-up as facility deploys into team hiring, production pod activation, and US infrastructure establishment. Initial interest-only period provides flexibility during this critical phase.
2
Year 2: Stabilization
DSCR rises to approximately 1.5–1.7x as contracted projects, server installations, and initial subscription layers reach run rate. Company moves into healthy coverage position with improving cash flow visibility.
3
Year 3+: Maturity
DSCR exceeds 3–5x depending on scenario as project base, recurring contracts, and commission streams fully consolidate. Company reaches significant excess payment capacity enabling early amortization or refinancing options.
Credit Risk Mitigation Through Model Design
The business model transformation was intentionally architected to reduce lender risk and increase cash flow predictability through multiple structural improvements.
Lower Project Ticket, Larger Client Base
At US$ 200,000 per project, Meta Original becomes highly competitive for high-end developers with easier internal budget approvals. Annual project count increases while client concentration risk decreases significantly.
Built-In Recurrence Creates Revenue Floor
Long-term server rental contracts (3–4 years) combined with subscription-based platform revenue create recurring "floor layer" independent from new project wins, supporting debt service even in slower sales cycles.
Commission Upside with Minimal Fixed Cost
Investor HUB leverages information and technology Meta already controls, generating 2–4% commissions per unit sold with very limited additional overhead, directly improving DSCR through high-margin revenue.
Global Scalability & Geographic Diversification
Fully digital delivery and presentations enable serving buyers across multiple continents, increasing revenue potential per project while reducing exposure to any single local market downturn.
Importantly, the US$ 5 million facility is not requested to cover structural losses but to accelerate a model that multiplies revenue, builds recurring cash flows, and steadily improves DSCR. The company's ability to service and amortize debt within the agreed term strengthens progressively with multiple protection layers for the lender.
11
Exit Strategy & Upside Potential
Meta Original's exit strategy provides lenders with multiple paths to full repayment while preserving optionality for enhanced returns. The approach combines operational cash generation, traditional refinancing opportunities, and strategic transaction potential.
1
Operational Cash Generation
Primary path through scaling project revenue, growing server rentals and subscriptions, increasing sales commissions, and driving DSCR to strong levels from Year 2 onward for standard amortization.
2
Refinancing / Rebanking
Once metrics and recurring revenue stabilize, the facility can be refinanced with traditional banks at lower cost or rolled into a longer tenor structure with conventional lenders.
3
Strategic Transaction
With the platform de-risked and recurring revenue proven, Meta Original becomes a natural candidate for a growth equity round or strategic M&A with real estate data and visualization players.
Market Validation & Comparable Transactions
The real estate visualization and data sector has demonstrated significant strategic value and M&A appetite. Most notably, Matterport—a company in adjacent 3D visualization space—transacted at approximately US$ 1.6 billion valuation, validating substantial market opportunity for technology platforms serving the real estate industry. Meta Original's unique combination of immersive technology, contracted developer relationships, recurring revenue infrastructure, and direct access to inventory positions the company as an attractive target for strategic acquirers seeking to capture the luxury real estate visualization market.
Optional Upside Participation
Depending on lender profile and appetite, Meta Original is open to discussing upside participation mechanisms through warrants or performance-based instruments, aligning lender downside protection with long-term value creation and providing enhanced return potential beyond standard interest income.
Comprehensive Security Package
3.5x
Collateral Coverage Multiple
US$ 14–20 million economic value securing US$ 5 million facility
50%
Historical EBITDA Margin
Proven profitability across 2023–2024 performance
75
Active Development Pipeline
Qualified opportunities representing US$ 20–25 billion sellout value
Meta Original USA Inc. presents a compelling credit opportunity combining proven operational performance, strong collateral coverage, diversified revenue model, and a clear path to robust debt service capacity. The US$ 5,000,000 facility will accelerate transformation from project-based services into a technology-enabled platform generating predictable recurring revenue across multiple high-margin streams.
Complete financial statements, contract schedules, pipeline details, and additional documentation are available for lender review.
TESTIMONY
00:28
YouTube
TESTEMONY NICK PERES 1
CONTACT US: www.metaoriginal.com Daniel Bergoce +1 786 436 09 39 daniel@metaoriginal.com Pedro Ruas +1 305 915 5887 pedro@metaoriginal.com What do we do? Substrack Icon Immersive Sensory Art; we transform visits into unique experiences. We are digital artists; with this technology, we sharpen the 5 senses of our clients. With our own developed techniques, we give users the ability to navigate through common areas, choose their desired floor, and navigate within the chosen units. We take o
03:09
YouTube
VICEROY CLEARWATER IMMERSIVE SOFTWARE
CONTACT US: www.metaoriginal.com Daniel Bergoce +1 786 436 09 39 daniel@metaoriginal.com Pedro Ruas +1 305 915 5887 pedro@metaoriginal.com What do we do? Substrack Icon Immersive Sensory Art; we transform visits into unique experiences. We are digital artists; with this technology, we sharpen the 5 senses of our clients. With our own developed techniques, we give users the ability to navigate through common areas, choose their desired floor, and navigate within the chosen units. We take o
