ModRetro Seeks $1 Billion Funding To Develop Modern Classic Gaming Consoles
Building Size
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Asset Type
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Closing
Mar 9, 2026
AI
ModRetro is seeking $1 billion in funding to develop modern versions of classic 1990s gaming consoles, including a Game Boy-inspired handheld and a Nintendo 64 device.
Summary of transaction details:
- Deal Type: Investment
- Transaction Amount: $1,000,000,000
- Company Name: ModRetro
- Founder: Palmer Luckey
- Headquarters: Irvine, California
Founded by Palmer Luckey, ModRetro aims to produce both gaming hardware and games, which will include remastered classic titles as well as new releases, tapping into the rising nostalgia for retro gaming. The company's first console, Chromatic, was launched in 2024.
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Market CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93