Form D On Watch: Tribeca Hotel Reit $125000 Financing. Kang Siew Fong Released Oct 5 Filing

REITS Finance Tribeca Hotel Reit Llc - Kang Siew Fong

Tribeca Hotel Reit Financing

Tribeca Hotel Reit Llc, Limited Liability Company just had published form D for $125,000 equity financing. This is a new filing. Tribeca Hotel Reit was able to finance itself with $111,000. That is 88.80% of the financing offer. The total offering amount was $125,000. The financing document was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $14,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Tribeca Hotel Reit is based in Singapore. The filler’s business is REITS and Finance. The SEC form was filed by Kang Siew Fong Manager of the Issuer. The company was incorporated in 2016. The filler’s address is: 168 Robinson Road, #30-01 Capital Tower, Singapore, U0, Singapore, 068912. Gerald Choon Miao Yong is the related person in the form and it has address: 168 Robinson Road, #30-01 Capital Tower, Singapore, U0, Singapore, 068912. Link to Tribeca Hotel Reit Filing: 000168643516000001.

Analysis of Tribeca Hotel Reit Offering

On average, firms in the REITS and Finance sector, sell 56.00% of the total offering size. Tribeca Hotel Reit sold 88.80% of the offering. The financing is still open. Could this mean that the trust in Tribeca Hotel Reit is high? The average fundraising amount for companies in the REITS and Finance industry is $988,700. The offering was 88.77% smaller than the average of $988,700. Of course this should not be interpreted as negative. Firms get financed for different needs and reasons. The minimum investment for this offering is set at $1000. 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 Tribeca Hotel Reit Also

The Form D signed by Kang Siew Fong might help Tribeca Hotel Reit 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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