{"data":{"type":"company_profile","id":66265,"entity_id":"wefunder:company:66265","attributes":{"canonical_url":"https://wefunder.com/fuelandiron","generated_at":"2026-06-23T19:01:53Z","updated_at":"2026-06-23T05:01:31Z","entity_ids":{"company":"wefunder:company:66265","slug":"wefunder:company_slug:fuelandiron"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-23T19:01:53Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-23T05:01:31Z","as_of":"2026-06-23T19:01:53Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-23T05:01:31Z","as_of":"2026-06-23T19:01:53Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-23T19:01:53Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-23T19:01:53Z","confidence":"medium"}}},"company":{"id":66265,"entity_id":"wefunder:company:66265","slug":"fuelandiron","name":"Fuel \u0026 Iron","tagline":"A catalyst food hall and apartment project in historic downtown Pueblo, Colorado","elevator_pitch":"Fuel and Iron is a real estate development in downtown Pueblo, CO, in the Union Ave. Historic District. We are converting the historic Holmes Hardware Block building into a food hall and 28 apartment units. The food hall will serve as a restaurant incubator, helping the next generation of restaurateurs in Pueblo develop their concept and prepare to open their own brick and mortar. The apartments will bring needed density downtown, supporting the food hall and all businesses in Downtown Pueblo.","story":"The city of Pueblo has a rich history centered around building the American West. At the helm of this growth was Colorado Fuel \u0026amp; Iron, a steel mill that was once the largest employer in Colorado with 15,000 workers from around the world speaking 40 different languages. At its prime, Colorado Fuel \u0026amp; Iron employed one-tenth of the state’s entire workforce, 15,000 workers, and was listed on the Dow Jones Industrial Exchange. Today, Pueblo’s steel mill is still producing rail, seamless pipe, rod, and coiled reinforcing bar and an integral part of the economy.Holmes Hardware Block Redevelopment\u0026nbsp;Inside the former Holmes Hardware Company sits the future site of Fuel \u0026amp; Iron. Part of the Holmes Hardware Block, a two and a half acre site, the historic building sits on the southern edge of downtown across from Pueblo’s Union State near the Riverwalk. The company was a partnership between George Holmes, a self-made businessman, and Alva Adams, a three-term governor of Colorado and the eponym of Adams County. After a fire destroyed the original wood-frame Holmes Hardware Block in 1915, the building was immediately reconstructed with its original façade but with a fireproof concrete structure, leading it to survive the flood of 1921. The Fuel \u0026amp; Iron project plans to generate increased traffic by locals and tourists to strengthen current businesses and encourage growth.The building sits on the southern edge of downtown, directly across from Pueblo’s Union Station and at the opposite end of Downtown from the Riverwalk, downtown Pueblo’s biggest draw. By creating an incredible amenity at the other end of Union Ave. from the Riverwalk, Fuel \u0026amp; Iron will draw locals and tourists alike back and forth along Union Ave., generating increased traffic and opportunity for the businesses in between. As such, Fuel \u0026amp; Iron will be not only a success in and of itself, but a boon to downtown Pueblo and the city as a whole.The Fuel \u0026amp; Iron\u0026nbsp;ProjectThe redevelopment of the Holmes Hardware Block will begin with the build-out of the hardware building to create Fuel \u0026amp; Iron, a food hall and housing complex. The building’s renovations will be the first phase of the project. A half-acre urban garden, parking lot for food hall customers and apartment residents, a performing arts space, and a half-acre lot dedicated to multi-family housing are planned for the second phase of the Holmes Hardware Block.Fuel \u0026amp; Iron will serve as an incubator for the next generation of great Pueblo restaurants. The five restaurant spaces within the food hall will be occupied by independent local chefs and restaurateurs. During this time, the up and coming culinarians will receive business planning and financing guidance, in addition to help with site selection and lease negotiation for their own brick and mortar location within Pueblo.After the restaurateurs are successful in opening up their own standalone brick and mortar location, their space in the food hall will be given to another restaurateur, and the cycle will be repeated, affording these entrepreneurial chefs opportunities they would not have otherwise had and at the same time invigorating the Pueblo restaurant scene as a whole!The upper floors of the Holmes Hardware block, in conjunction with Phase II of the site redevelopment, will bring much needed housing into Downtown Pueblo, and will help activate Pueblo’s downtown during a much greater portion of the week. The aim of the project is to be catalytic, encouraging more commercial and residential development downtown and further encouraging Pueblo’s growth in a way that honors local residents and businesses to live, work, and play downtown.Floor PlanFood Hall:Affordable Housing:Encompassing the second and third floors of the hardware building will be Fuel \u0026amp; Iron Apartments, a 28-unit complex. This project will consist of two studios, 18 1-bedroom units, and 8 2-bedroom units available for renters with 60% to 80% of the Area Median Income. This affordable housing complex along with the more than 20,000-square-feet plot designated for future residential development, will revitalize Downtown Pueblo allowing for a live, work, and play environment. The intention of the Holmes Hardware Block is to encourage further residential and commercial growth in Pueblo. The presence of residents downtown will create greater economic opportunities for all businesses. The Food \u0026amp; Iron project plans to be the catalyst to increase market demand for more housing development and the burgeoning of more local businesses.Community Impact\u0026nbsp;The Holmes Hardware Block redevelopment is designed to strengthen the restaurant community and surrounding businesses, increase tourism, and improve the economic prospects of food producers in Pueblo County. Food halls provide a diverse and dynamic employment pool that ranges from highly-skilled artisan and managers to entry-level service staff. The current projections have the Fuel \u0026amp; Iron Food Hall creating 57 FTE positions, including 29 entry-level positions. Fuel \u0026amp; Iron has created an internship program in conjunction with Pueblo Community College and the Business Management program at CSU Pueblo. This program is designed to give hands-on experience to foster entrepreneurship and forge paths for future employment.To impact the community, Fuel \u0026amp; Iron will partner with the Pueblo Food Project to reduce food waste and support Pueblo residents dealing with food insecurity. Together with Pueblo Urban Farmers, the team will develop a portion of the project into an urban farm to provide fresh ingredients to food hall restaurants along with a food box program. The project team plans to organize seasonal farmer’s markets providing other local food producers and vendors a platform to sell their goods. Project ScheduleThe project began in May 2020 with the creation of schematic designs, financial models, logos, and branding. Since then, Fuel \u0026amp; Iron has worked diligently with the city and state to assure the project prioritizes the preservation of the Holmes Hardware building. In July 2021, construction will begin with plans to open the apartments and food hall in Summer 2022.The InvestmentInvestors in the campaign will receive B Shares, which receive a 9% annual preferred return on capital. Interest began capitalizing on July 1, 2020, and the project team expects to be able to pay out distributions beginning in December, 2022. The distribution in 2022 will be larger to catch investors up for interest that capitalized in 2020 and 2021.","location":"Pueblo, CO","website":"https://bit.ly/3oFl8vP","total_amount_raised":84300,"total_investors":105,"is_funded":true,"is_active":true,"quality_score":2,"related_urls":["https://wefunder.com/fuelandiron","https://bit.ly/3oFl8vP"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/66265/xxl_cropped_FUEL-AND-IRON_PITCH-DECK_LAYOUT_091620_PRINT_Page_01.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/66265/large_cropped_Fuel_and_Iron_Logo_Full.jpg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/66265/standard_cropped_FUEL-AND-IRON_PITCH-DECK_LAYOUT_091620_PRINT_Page_01.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/66265/standard_cropped_FUEL-AND-IRON_PITCH-DECK_LAYOUT_091620_PRINT_Page_01.jpg"},"links":{"company_url":"https://bit.ly/3oFl8vP"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Fuel \u0026amp; Iron includes a food hall, single-family and multi-family housing units, and other amenities."},{"index":2,"claim_id":"claim-fact-2","value":"Phase I includes five food vendors and a 28-unit housing in the historic Holmes Hardware Building."},{"index":3,"claim_id":"claim-fact-3","value":"The food hall model is a culinary incubator allowing restaurateurs greater margins."},{"index":4,"claim_id":"claim-fact-4","value":"Increased likelihood of distributors with a low amount of private capital with a preferred return."}],"team":[{"id":1066850,"entity_id":"wefunder:company_role:1066850","user_entity_id":"wefunder:user:1009362","role":"founder","name":"Nathan Stern","title":"Co-Founder","bio":"Nathan is a commercial real estate broker and developer that specializes in food \u0026amp; beverage. He has worked with roughly 10 active tenants in food halls to help them expand to their first brick-and-mortar location.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1066850/square_cropped_Head_Shot_Reduced__2_.jpg?1616545520","profile_url":"https://wefunder.com/nathan.stern.2","linkedin_url":"https://www.linkedin.com/in/nathan-stern-72664820/","related_urls":["https://wefunder.com/nathan.stern.2"]},{"id":1066859,"entity_id":"wefunder:company_role:1066859","role":"founder","name":"Zach Cytryn","title":"Co-Founder","bio":"Commercial real estate broker and developer focused on the intersection of food \u0026amp; beverage and community.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1066859/square_cropped_cytryn.jpg?1616545464","related_urls":[]},{"id":1101298,"entity_id":"wefunder:company_role:1101298","role":"employee","name":"Greg Topel","title":"Food Hall Operator","bio":"Greg brings over 20 years of hospitality management experience. He has designed, operated, and consulted on food halls in cities across the nation, including Denver, Kansas City, Oklahoma City, and Spokane.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1101298/square_cropped_Greg3.jpg?1616545419","related_urls":[]},{"id":1492300,"entity_id":"wefunder:company_role:1492300","user_entity_id":"wefunder:user:1373092","role":"employee","name":"Ryan Madic","title":"Development Intern ","bio":"Ryan is a native Puebloan that is passionate about revitalizing his hometown. A graduate student at Colorado State University-Pueblo focused on business management, he has been involved in multiple economic development projects in Southern Colorado.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1492300/square_cropped_Ryan_bio_image.jpg?1616545598","profile_url":"https://wefunder.com/ryanmadic","related_urls":["https://wefunder.com/ryanmadic"]},{"id":1591397,"entity_id":"wefunder:company_role:1591397","role":"employee","name":"Susan Powers ","title":"Co-Developer ","bio":"For the past two decades, Urban Ventures and its Principal, Susan Powers, have been a leader in the redevelopment of urban properties into communities that make a positive contribution to the neighborhood fabric and create sustaining value.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1591397/square_cropped_Susan_fuel___Iron.jpg?1616616852","related_urls":[]}],"featured_investors":[{"id":5177,"entity_id":"wefunder:company_investor_profile:5177","investor_profile_id":884669,"investor_profile_entity_id":"wefunder:investor_profile:884669","subject_entity_id":"wefunder:user:1351019","name":"Alice L. Hill","avatar_url":"https://uploads.wefunder.com/2021/user_default_icon_circle.png","profile_url":"https://wefunder.com/alicelhill","investment_total":2000,"investment_info":"Invested $1,000 this round \u0026 $1,000 previously","is_lead_investor":true,"related_urls":["https://wefunder.com/alicelhill"]}],"investor_memos":[],"tab_counts":{"posts":7,"ask_questions":26,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":36820,"entity_id":"wefunder:fundraise:36820","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":70000.0,"funding_started_at":"2020-09-23T23:26:51Z","funding_closed_at":"2021-09-28T05:02:58Z","auto_close_at":"2021-09-28T03:59:59Z"}],"latest_fundraise":{"id":36820,"entity_id":"wefunder:fundraise:36820","state":"successful","offering_type":"4(a)(6)","structure":"equity","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2020-09-23T23:26:51Z","funding_closed_at":"2021-09-28T05:02:58Z","terms":{"eb":null,"nb":"$206.8K","txt":"pre-money valuation"}},"recent_posts":[{"id":149028,"entity_id":"wefunder:feed_item:149028","type":"FeedItem::Update","visibility":"public","title":"LAST DAY TO INVEST","preview":"Just a reminder that the campaign ends tonight at 9PM MST.\u0026nbsp; We have crossed the 100 investor mark which is really exciting but would love to make sure you have the opportunity to invest if you so choose.\u0026nbsp; Thanks everyone!","published_at":"2021-09-27T17:31:11Z","author_name":"Nathan Stern","url":"/feed/149028","canonical_url":"https://wefunder.com/feed/149028"},{"id":149007,"entity_id":"wefunder:feed_item:149007","type":"FeedItem::Update","visibility":"public","title":"48 Hours to Invest and Governor's Visit","preview":"Hello everyone, we are almost at the end of our campaign.\u0026nbsp; We want to say a huge thank you to everyone who has invested so far - 98 and counting!\u0026nbsp; The campaign will end on Monday (9/27) at 9PM MST, and we want to make sure everyone who wants to invest can do so while it is still open.\u0026nbsp; We also wanted to share that Governor Polis, Mayor Gradisar, Colorado House Majority Leader Esgar, and DOLA Executive Director Rick Garcia toured the project on Friday, demonstrating the exciteme...","published_at":"2021-09-26T00:12:45Z","author_name":"Nathan Stern","url":"/feed/149007","canonical_url":"https://wefunder.com/feed/149007"},{"id":149000,"entity_id":"wefunder:feed_item:149000","type":"FeedItem::Update","visibility":"public","published_at":"2021-09-25T20:20:27Z","author_name":"Nathan Stern","url":"/feed/149000","canonical_url":"https://wefunder.com/feed/149000"},{"id":148851,"entity_id":"wefunder:feed_item:148851","type":"FeedItem::Update","visibility":"public","title":"LAST CHANCE TO INVEST (and other project updates)","preview":"Hello everyone, Nathan here.\u0026nbsp; I'm happy to announce that we hit our funding goal and we are closing our campaign (the campaign closes on Monday, 9/27).\u0026nbsp; The reason why we are closing the campaign now is that we are just about ready to close on our construction funding, which this equity will go towards.\u0026nbsp; All loan documents are expected to be signed next week, and closing should happen shortly thereafter.\u0026nbsp; The reason why the closing is delayed beyond the signing of loan doc...","published_at":"2021-09-21T18:54:25Z","author_name":"Nathan Stern","url":"/feed/148851","canonical_url":"https://wefunder.com/feed/148851"},{"id":142706,"entity_id":"wefunder:feed_item:142706","type":"FeedItem::Update","visibility":"public","title":"Coffee Break - Thank You!","preview":"Hello everyone, I wanted to thank everyone who was able to join us for our Coffee Break with the Pueblo Latino Chamber on June 3rd.\u0026nbsp;We had a great turnout and it was great to meet some of our investors for the first time.\u0026nbsp;Here is an article in the Chieftain about the event and the project:\u0026nbsp;\u0026nbsp;https://www.dropbox.com/s/px1aiv1j1cgjwt7/Chieftain%20-%20Puebloans%20tour%20historic%20Holmes%20Hardware%20building%20set%20for%20redevelopment.pdf?dl=0We are at 60 investors currently...","published_at":"2021-06-08T23:02:17Z","author_name":"Nathan Stern","url":"/feed/142706","canonical_url":"https://wefunder.com/feed/142706"},{"id":142594,"entity_id":"wefunder:feed_item:142594","type":"FeedItem::Update","visibility":"public","title":"Fuel \u0026amp; Iron Virtual Meet \u0026amp; Greet Thursday March 18 at 10AM!","preview":"Thank you very much for your support from the entire Fuel \u0026 Iron Team! We are extremely grateful for your commitment and investment in the redevelopment of the Holmes Hardware Block. We feel this project will be at the forefront of economic development for the Pueblo area!The Fuel \u0026 Iron Project is moving along extremely fast. Many important dates for the project are coming up soon! We would love to give you an update on the project and more information during a live conversation this week! Y...","published_at":"2021-03-15T20:06:51Z","author_name":"Ryan Madic","url":"/feed/142594","canonical_url":"https://wefunder.com/feed/142594"},{"id":142457,"entity_id":"wefunder:feed_item:142457","type":"FeedItem::Update","visibility":"public","title":"Fuel \u0026amp; Iron Investor Update","preview":"Dear Fuel \u0026 Iron Investors,The entire Fuel \u0026 Iron Team has been working tirelessly to ensure the success of the redevelopment of the Holmes Hardware Block. Many goals and milestones have been met within the last few weeks. Listed below are a few of the project's most recent successes.Four restauranteurs have been selected to be vendors in the food hall and have signed Letters Of Intents. The sixth vendor will be a coffee and ice cream shop. Three of the vendors are established local restauran...","published_at":"2021-03-09T18:32:21Z","author_name":"Ryan Madic","url":"/feed/142457","canonical_url":"https://wefunder.com/feed/142457"}],"q_and_a":[{"id":170941,"entity_id":"wefunder:comment:170941","question":"Hi F\u0026amp;I team, I just came across your pitch, and it seems like a great opportunity in real estate dev. for crowd investors. I had some questions regarding return for investors: 1. I saw on the investor panel video you plan on distributing 9% return to class-B shares when there is enough CF to distribute. Can you shed some more light on these details? When do you expect this to happen, what other milestones does this depend on, and is this 9% return an expected yearly return or for a different timeline? Any other info you could share would be highly appreciated. 2. Have you given some thought to exit strategies (maybe too early in the game, but it would be good to know if you have at least considered this). (Sorry if these have been answered before!)","author_name":"Felipe Rengifo","votes":2,"created_at":"2021-09-23T19:19:03Z","canonical_url":"https://wefunder.com/fuelandiron#question-170941","answers":[{"id":171197,"entity_id":"wefunder:comment:171197","answer":"Hi Felipe, these are excellent questions. 1) We should be able to make our first distribution at the end of 2022, which will catch you up on your capitalized interest (which will start accumulating once the campaign concludes). After 2022 the distributions will be annual at the end of each year. Our ability to pay any distribution depends on the performance of the food hall and the housing. 2) Our initial loans will become due in 2028, which will mean we will need to refinance the property. That will be an excellent time for investors to exit if they want to and we intend to provide all investors with that opportunity. It is important to remember that the lead investor in the campaign (Alice Hill) will be making that decision (to exit or remain in the project) on behalf of all of the investors in the Wefunder campaign. Thanks for your thoughtfulness and let us know if you have other questions.","author_name":"Nathan Stern","votes":1,"created_at":"2021-09-25T20:12:37Z"}]},{"id":320833,"entity_id":"wefunder:comment:320833","question":"Has anyone ever seen any distributions? What happened with the sale??","author_name":"Patricia Schreiber","votes":1,"created_at":"2025-12-09T14:59:15Z","canonical_url":"https://wefunder.com/fuelandiron#question-320833","answers":[]},{"id":290737,"entity_id":"wefunder:comment:290737","question":"nice.","author_name":"Czarek Pawlowski","votes":1,"created_at":"2024-08-19T08:15:58Z","canonical_url":"https://wefunder.com/fuelandiron#question-290737","answers":[]},{"id":271164,"entity_id":"wefunder:comment:271164","question":"Hello Nathan, it sure has been a while, can you please provide an update. When are the returns going to be paid out?","author_name":"Walter Guerrero","votes":1,"created_at":"2023-12-10T02:26:49Z","canonical_url":"https://wefunder.com/fuelandiron#question-271164","answers":[]},{"id":171149,"entity_id":"wefunder:comment:171149","question":"Am I able to still invest in this?","author_name":"Jared Washington","votes":1,"created_at":"2021-09-25T00:04:35Z","canonical_url":"https://wefunder.com/fuelandiron#question-171149","answers":[{"id":171195,"entity_id":"wefunder:comment:171195","answer":"You are Jared! The campaign closes in two days at 9M MST on 9/27","author_name":"Nathan Stern","votes":0,"created_at":"2021-09-25T20:06:48Z"}]},{"id":171093,"entity_id":"wefunder:comment:171093","question":"Hello. What will be my tax consequences as an investor in this project? My understanding is that an investor will be considered a limited partner? K-1 tax form?","author_name":"Eugene Susinskas","votes":1,"created_at":"2021-09-24T15:45:24Z","canonical_url":"https://wefunder.com/fuelandiron#question-171093","answers":[{"id":171196,"entity_id":"wefunder:comment:171196","answer":"Hi Eugene, you will be a limited partner in the project, and I believe you will receive a K-1 from Wefunder. Thanks so much!","author_name":"Nathan Stern","votes":0,"created_at":"2021-09-25T20:07:43Z"}]},{"id":170915,"entity_id":"wefunder:comment:170915","question":"Are those train tracks behind the buildings still active, what is you assessment of the noise for people who own housing in the building as well as restaurant noise, will this be a deterrence for people?","author_name":"Gregg Williams","votes":1,"created_at":"2021-09-23T17:03:59Z","canonical_url":"https://wefunder.com/fuelandiron#question-170915","answers":[{"id":171198,"entity_id":"wefunder:comment:171198","answer":"Great questions Gregg. The train tracks are still active, so we took sound mitigation very seriously. We hired an acoustical consultant and have a number of strategies to reduce the noise. With that said we won't eliminate the noise completely, so it may be a deterrent for some people. However the need for affordable housing is so great that we don't foresee a challenge filling the units even if downtown living isn't for everyone.","author_name":"Nathan Stern","votes":0,"created_at":"2021-09-25T20:15:39Z"}]},{"id":170910,"entity_id":"wefunder:comment:170910","question":"Hello, what is the current status of this project as of EOM September 2021 as far as construction, local government approvals, funding, etc.?","author_name":"Alex Turan","votes":1,"created_at":"2021-09-23T16:56:13Z","canonical_url":"https://wefunder.com/fuelandiron#question-170910","answers":[{"id":171199,"entity_id":"wefunder:comment:171199","answer":"Great question Alex and allow me to provide an update. All government approvals have been secured and all loan documents should be signed by EOM. We will most likely be waiting for funding to come in from two funders, which means we won't technically be fully closed until early October when those wires hit. We gave the full notice to proceed to our contractor yesterday, so construction will be underway.","author_name":"Nathan Stern","votes":0,"created_at":"2021-09-25T20:18:08Z"}]},{"id":159918,"entity_id":"wefunder:comment:159918","question":"Hi Nathan, thank you for the update!","author_name":"Travis Sanders","votes":1,"created_at":"2021-07-26T13:23:29Z","canonical_url":"https://wefunder.com/fuelandiron#question-159918","answers":[{"id":160017,"entity_id":"wefunder:comment:160017","answer":"My pleasure - thank you Travis!","author_name":"Nathan Stern","votes":0,"created_at":"2021-07-27T03:22:51Z"}]},{"id":159369,"entity_id":"wefunder:comment:159369","question":"Are you still on track to begin construction this month?","author_name":"Travis Sanders","votes":1,"created_at":"2021-07-22T14:13:29Z","canonical_url":"https://wefunder.com/fuelandiron#question-159369","answers":[{"id":159659,"entity_id":"wefunder:comment:159659","answer":"Hi Travis, our financial closing is taking a little longer than expected. Construction should start in August.","author_name":"Nathan Stern","votes":0,"created_at":"2021-07-24T02:29:41Z"}]},{"id":157474,"entity_id":"wefunder:comment:157474","question":"Hi Nathan, I don't think I can respond directly to your message, but thanks for responding and giving a clear-cut answer to me! Best regards, Blake","author_name":"Blake Landon Heffner","votes":1,"created_at":"2021-07-12T01:18:11Z","canonical_url":"https://wefunder.com/fuelandiron#question-157474","answers":[{"id":159660,"entity_id":"wefunder:comment:159660","answer":"My pleasure Blake!","author_name":"Nathan Stern","votes":0,"created_at":"2021-07-24T02:30:00Z"}]},{"id":153114,"entity_id":"wefunder:comment:153114","question":"Hello, I saw an article in the paper today; so sorry I didn't know about the open house. Damn time to have a good ice cream place here in such a beautiful place. I'm very interested in investing but didn't see the terms anywhere/or what the hoped-for return would be? Thank you. Patricia","author_name":"Patricia O'Brien","votes":1,"created_at":"2021-06-08T05:26:20Z","canonical_url":"https://wefunder.com/fuelandiron#question-153114","answers":[{"id":153224,"entity_id":"wefunder:comment:153224","answer":"Patricia, thank you for reading the Pueblo Chieftain article on the Fuel \u0026amp; Iron Project! The Fuel \u0026amp; Iron team missed you at the open house! The return for investing is this campaign is an annual 9% return on capital. If you invest, you will receive B shares and you will be a part owner in this incredible development. We hope to see you at future events and see you when the food hall opens next Spring! If you have any more questions regarding this campaign, please reach out to me.","author_name":"Ryan Madic","votes":0,"created_at":"2021-06-08T23:25:22Z"}]},{"id":152434,"entity_id":"wefunder:comment:152434","question":"Good morning. I just attended the open house and as a tenant on Union Ave, I'm VERY excited for this. I know if you don't hit the goal the investor money is returned and I'm curious if the amount shown relative to the goal is updated. I'd love to see this succeed and be a part of if but the gap seems large at this stage. Thank you very much.","author_name":"Travis Sanders","votes":1,"created_at":"2021-06-03T16:55:18Z","canonical_url":"https://wefunder.com/fuelandiron#question-152434","answers":[{"id":152601,"entity_id":"wefunder:comment:152601","answer":"Travis, thank you for attending the open house this morning! Our goal for this wefunder campaign is to raise a minimum of $50K, even though the goal shows $70K. We have currently raised 50% of our goal. We are confident that through more engagement with Puebloans and new marketing efforts that we will be able to hit our goal. We would love to talk with you in person if you have any other questions or if you would like to meet the developers for this project? Thank you for your interest in Fuel \u0026amp; Iron!","author_name":"Ryan Madic","votes":0,"created_at":"2021-06-04T04:10:22Z"}]},{"id":150681,"entity_id":"wefunder:comment:150681","question":"Hi! Just came across your project here. It seems like there hasn't been activity for a month or so -- are you still looking for the raise? What's the status of the Tax credits and other items that were supposed to complete in April?","author_name":"Raymond Han","votes":1,"created_at":"2021-05-25T07:14:44Z","canonical_url":"https://wefunder.com/fuelandiron#question-150681","answers":[{"id":150787,"entity_id":"wefunder:comment:150787","answer":"Hi Raymond, the Fuel \u0026amp; Iron Project has met a lot of milestones in the last few months. Just last week, the developers for the project took possession of the Historic Holmes Hardware Building and the surrounding 2.5 acre site. Construction is on schedule to begin in mid-July. Federal historic tax credits and state historic tax credits are being used as a portion of the capital stack for the project. We are still looking to complete this raise sometime in July. On June 3, there will be an open house event at the Historic Holmes Hardware Building where the public and investors can get a glimpse of the building before construction begins. We will be posting more updates on this page soon, as we have a lot of exciting news to share with wefunder investors. Thank you for your interest in the Fuel \u0026amp; Iron Project.","author_name":"Ryan Madic","votes":0,"created_at":"2021-05-25T18:41:45Z"}]},{"id":145085,"entity_id":"wefunder:comment:145085","question":"You guys are raising for predevelopment costs yet will just give investors their money back if you don't reach the minimum. That may have stopped some from investing. Why can't you just do like others take what you can get let investors be involved and don't extend raise. I am in if you guys don't just give me a refund later..thanks","author_name":"John Webster","votes":1,"created_at":"2021-04-26T19:54:27Z","canonical_url":"https://wefunder.com/fuelandiron#question-145085","answers":[{"id":145255,"entity_id":"wefunder:comment:145255","answer":"John, we are required by wefunder to raise a minimum amount of funding. The minimum amount is a number that we have no control over. We have a great team in place currently working on this wefunder campaign, and we are confident that we will raise the minimum and exceed our goal.","author_name":"Ryan Madic","votes":0,"created_at":"2021-04-27T04:16:43Z"}]},{"id":143241,"entity_id":"wefunder:comment:143241","question":"Thanks for response Ryan. I want to invest but Nathan said if you guys don't reach the minimum Investors will just get their money back. Wefunder charges as soon as you click to submit investment amount they don't wait. I hate to invest just to get my money back. All companies on here don't reach their minimum and still go through with investments. Thanks","author_name":"John Webster","votes":1,"created_at":"2021-04-19T20:21:21Z","canonical_url":"https://wefunder.com/fuelandiron#question-143241","answers":[{"id":144639,"entity_id":"wefunder:comment:144639","answer":"John, Thank you for your consideration.","author_name":"Ryan Madic","votes":0,"created_at":"2021-04-25T04:22:28Z"}]},{"id":141964,"entity_id":"wefunder:comment:141964","question":"So you already have the money you need to do the Construction, predevelopment etc?cause your raise you mentioned was to go towards that.","author_name":"John Webster","votes":1,"created_at":"2021-04-14T19:06:20Z","canonical_url":"https://wefunder.com/fuelandiron#question-141964","answers":[{"id":142694,"entity_id":"wefunder:comment:142694","answer":"Hi John, we already have financing in place for the construction costs. However, we will not close on the financing for construction costs until July. The money we are raising now will go towards paying for predevelopment costs, until the rest of the funding comes in. Thanks for your interest!","author_name":"Ryan Madic","votes":0,"created_at":"2021-04-17T13:51:22Z"}]},{"id":264887,"entity_id":"wefunder:comment:264887","question":"Hello Nathan, It has been a while that the investors have been given an update. Will we see a return this year?","author_name":"Mario M Teel Jr.","votes":0,"created_at":"2023-10-09T08:49:38Z","canonical_url":"https://wefunder.com/fuelandiron#question-264887","answers":[]},{"id":224082,"entity_id":"wefunder:comment:224082","question":"Any updates on the company?","author_name":"Mario M Teel Jr.","votes":0,"created_at":"2022-10-28T20:50:09Z","canonical_url":"https://wefunder.com/fuelandiron#question-224082","answers":[]},{"id":207666,"entity_id":"wefunder:comment:207666","question":"Why can't I invest in this project? I thought I had earlier, but I do not see the investment in my portfolio.","author_name":"Thomas J Cortese","votes":0,"created_at":"2022-06-08T18:31:29Z","canonical_url":"https://wefunder.com/fuelandiron#question-207666","answers":[]},{"id":160821,"entity_id":"wefunder:comment:160821","question":"Is this still an active campaign?","author_name":"Robert W Neill Jr","votes":0,"created_at":"2021-08-01T04:22:36Z","canonical_url":"https://wefunder.com/fuelandiron#question-160821","answers":[{"id":160977,"entity_id":"wefunder:comment:160977","answer":"Hi Robert, yes the campaign is still active. Thanks!","author_name":"Nathan Stern","votes":0,"created_at":"2021-08-02T13:23:36Z"}]},{"id":157567,"entity_id":"wefunder:comment:157567","question":"Is there any further update on this project?","author_name":"Travis Sanders","votes":0,"created_at":"2021-07-12T18:44:13Z","canonical_url":"https://wefunder.com/fuelandiron#question-157567","answers":[{"id":159661,"entity_id":"wefunder:comment:159661","answer":"Sorry for not answering this one the first time around Travis but see above. Thanks!","author_name":"Nathan Stern","votes":0,"created_at":"2021-07-24T02:30:40Z"}]},{"id":155316,"entity_id":"wefunder:comment:155316","question":"Hi Fuel and Iron team, I really love the idea of this project and love seeing Pueblo revamped. I don't live there but have spent some time there for work and feel that with all the historic buildings the city has a lot of potential. I'm a newcomer to investments like this, and I'm interested but had a question after looking through your slides. I think I saw that most of the anticipated profit is coming from beverage sales in the space, and was somewhere in the $100K to $300K range for the first few years of operation. The low cost housing mostly looks like it breaks even.. However, it looks like the project cost is on the order of $15M. I was just wondering how yall and your investors expect to make returns out of this project? What stream of revenue/profit would investors and your team be making money from? Again, it might because I'm not experienced and don't know 100% what I'm looking at. Thanks for your time, and whatever the case, I'm excited for what you guys are doing!","author_name":"Blake Landon Heffner","votes":0,"created_at":"2021-06-30T00:10:28Z","canonical_url":"https://wefunder.com/fuelandiron#question-155316","answers":[{"id":157142,"entity_id":"wefunder:comment:157142","answer":"Hi Blake, that is a great question. We are expecting $1.63M in our first year in beverage sales, in addition to $367K of rents that we receive from the six restaurants in the food hall (who are licensees). That should generate a NOI of $657K in our first full year of operations, which translates to roughly $375K in distributable cash for the food hall after paying debt service. That should be sufficient to compensate our team and our investors. Thanks for your interest in Pueblo and in the Fuel \u0026amp; Iron project!","author_name":"Nathan Stern","votes":1,"created_at":"2021-07-09T18:51:15Z"}]},{"id":141521,"entity_id":"wefunder:comment:141521","question":"I am just seeing your opportunity..since your raise is so low compared to goal are you still going to let Investors be involved or will wefunder require that the Investors get a refund etc. Obviously you are going to have to raise money from VC's. Have you spoken to any yet? In the future are you going to duplicate what you are doing in other areas of that part of Colorado or other parts of Colorado?","author_name":"John Webster","votes":0,"created_at":"2021-04-13T19:14:10Z","canonical_url":"https://wefunder.com/fuelandiron#question-141521","answers":[{"id":141688,"entity_id":"wefunder:comment:141688","answer":"Hi John if we don’t hit our goal the investors will get their money refunded to them. After we finish construction, the cash flow from the food hall and the apartments should pay for the debt service on the project so we don’t anticipate raising additional capital. We are open to doing similar projects in other cities/states down the road but don’t have any other projects in the pipeline currently. Thanks.","author_name":"Nathan Stern","votes":0,"created_at":"2021-04-14T02:25:24Z"}]},{"id":133758,"entity_id":"wefunder:comment:133758","question":"Are there opportunities for investing in common units of the company? Will preferred unit-holders be allocated a portion of the historical preservation and new market credits on their K-1s?","author_name":"Lucas Selvidge","votes":0,"created_at":"2021-03-06T04:43:26Z","canonical_url":"https://wefunder.com/fuelandiron#question-133758","answers":[{"id":133896,"entity_id":"wefunder:comment:133896","answer":"Hi Lucas, at this time we are only offering B (preferred) shares. The investors in the tax credits will receive 99% of the tax credits, and so we don't anticipate having a meaningful amount of credits to offer to preferred shareholders, nor for the common shareholders (Zach and myself).","author_name":"Nathan Stern","votes":1,"created_at":"2021-03-07T17:11:23Z"}]}],"faq":[{"question":"Is automatic equity return reinvestment an option?","answer":"Hi Jeffrey, we don't have an automatic option to reinvest equity, and but please feel free to reach out if at any time you would like to consider another equity investment. Thank you so much for your contribution!"},{"question":"Are there opportunities for investing in common units of the company? Will preferred unit-holders be allocated a portion of the historical preservation and new market credits on their K-1s?","answer":"Hi Lucas, at this time we are only offering B (preferred) shares. The investors in the tax credits will receive 99% of the tax credits, and so we don't anticipate having a meaningful amount of credits to offer to preferred shareholders, nor for the common shareholders (Zach and myself)."},{"question":"I am just seeing your opportunity..since your raise is so low compared to goal are you still going to let Investors be involved or will wefunder require that the Investors get a refund etc. Obviously you are going to have to raise money from VC's. Have you spoken to any yet? I...","answer":"Hi John if we don’t hit our goal the investors will get their money refunded to them. After we finish construction, the cash flow from the food hall and the apartments should pay for the debt service on the project so we don’t anticipate raising additional capital. We are open to doing similar projects in other cities/states down the road but don’t have any other projects in the pipeline currently. Thanks."},{"question":"So you already have the money you need to do the Construction, predevelopment etc?cause your raise you mentioned was to go towards that.","answer":"Hi John, we already have financing in place for the construction costs. However, we will not close on the financing for construction costs until July. The money we are raising now will go towards paying for predevelopment costs, until the rest of the funding comes in. Thanks for your interest!"},{"question":"Thanks for response Ryan. I want to invest but Nathan said if you guys don't reach the minimum Investors will just get their money back. Wefunder charges as soon as you click to submit investment amount they don't wait. I hate to invest just to get my money back. All companies...","answer":"John, Thank you for your consideration."}]}}}