Jefferson Self Storage Financing
Jefferson Self Storage, Llc, Limited Liability Company just released form D about $10.00 million equity financing. The date of first sale was 2015-04-17. Jefferson Self Storage was able to fundraise $9.50 million. That is 95.00% of the offering. The total fundraising amount was $10.00 million. The fundraising form was filed on 2016-10-04. The reason for the financing was: Winebrenner Property Management, LLC, a KY LLC, whose sole member is Earl Winebrenner, will charge a structuring fee of 1.5% of the total raised pursuant to this offering, for structuring this offering, sourcing real property, due diligence, etc.. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jefferson Self Storage is based in Alabama. The firm’s business is Other Real Estate. The form D was filed by Earl G Winebrenner III Sole Member of Issuer’s Manager. The company was incorporated in 2015. The filler’s address is: 10602 Timberwood Circle, Suite 9, Louisville, Ky, Kentucky, 40223. Earl G. Winebrenner Iii is the related person in the form and it has address: 10602 Timberwood Circle, Suite 9, Louisville, Ky, Kentucky, 40223. Link to Jefferson Self Storage Filing: 000164109416000003.
Analysis of Jefferson Self Storage Offering
On average, firms in the Other Real Estate sector, sell 100.00% of the total offering size. Jefferson Self Storage sold 95.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Real Estate industry is $931,000. The total amount raised is 920.41% bigger than the average for companies in the Other Real Estate sector. The minimum investment for this fundraising is set at $50000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Jefferson Self Storage Also
The Form D signed by Earl G Winebrenner III might help Jefferson Self Storage, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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