Top1031

Eufaula Cove Marina and Grafton Harbor

Marina property in Multi-state (2) — sponsored by NexPoint

Files with the SEC as NexPoint Marina DST

Minimum investment
$100k
Offering size
$42.7M
How much has sold
100.0%
Asset type
Marina property
Location
Multi-state (2)
Financing
All cash. This offering reports no mortgage debt.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

Eufaula Cove Marina & Grafton Harbor Marina is the real estate behind NexPoint Marina DST, which the sponsor describes as NexPoint's first marina-focused Delaware Statutory Trust. The all-cash portfolio pairs two destination marinas: Eufaula Cove Marina on Oklahoma's Lake Eufaula, a lake of roughly 102,000 acres, and Grafton Harbor in Grafton, Illinois, near the confluence of the Mississippi and Illinois rivers. NexPoint reports total capitalization of approximately $42.7 million, held on an all-cash basis with no trust-level mortgage debt.

Eufaula Cove Marina and Grafton Harbor image
Show sources (8)Hide sources (8)

These links support the historical public record; individual details may come from different sources.

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

Property address
400 Lakeshore Dr, Eufaula and Grafton, Oklahoma and Illinois
Property size
2 destination marinas; Eufaula Cove on Lake Eufaula (~102,000-acre lake), Grafton Harbor at Illinois/Mississippi River confluence (slip counts not published)
Total funding
$42,710,095Investor money plus any loan.
Property acquisition cost
$38,716,701
Note addresses
Marina street addresses confirmed via operator websites (eufaulacovemarina.com, graftonharbor.com); Eufaula Cove also operated as Xtreme Cove Marina
Chapter 3

How did it end?

What happened

No sale or other ending on record

We have not found a public record of how this offering ended. That is not the same as knowing it still operates.

2 destination marinas; Eufaula Cove on Lake Eufaula (~102,000-acre lake), Grafton Harbor at Illinois/Mississippi River confluence (slip counts not published)
Chapter 4

How is it financed, and what does it pay?

Financing
All cash. This offering reports no mortgage debt.
Loan share of total funding
0.0% (all-cash, no leverage)The loan measured against investor money plus the loan.
Reserves the trust controls
$1,350,000 ($915K CapEx, $235K working capital, $200K seasonal)
Chapter 6

What does the paperwork say?

  1. First Form D filedThe public offering record begins.
  2. Offering amount recordedA Form D amendment recorded offering and sales totals.
  3. Filing record updatedA later amendment updated the sponsor’s filing record.
  4. Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
Filings on record
10
How it may be offered
Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.

Chapter 7

Common questions

What happened to Eufaula Cove Marina and Grafton Harbor?

Top1031 lists Eufaula Cove Marina and Grafton Harbor as historical. It is no longer raising money.

Where does Top1031 get the data for Eufaula Cove Marina and Grafton Harbor?

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Chapter 8

In the news