North Point II Reit Financing
North Point II Reit, Llc, Limited Liability Company just submitted form D because of $125,000 equity financing. This is a new filing. North Point II Reit was able to finance itself with $119,000. That is 95.20% of the offering. The total financing amount was $125,000. The fundraising form was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $6,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
North Point II Reit is based in Virginia. The company’s business is REITS and Finance. The form was filed by Joanne M Lockridge Senior Vice President. The company was incorporated in 2016. The filler’s address is: C/O Avalonbay Communities, Inc., 671 N. Glebe Road, Suite 800, Arlington, Va, Virginia, 22203. Joanne M. Lockridge is the related person in the form and it has address: C/O Avalonbay Communities, Inc., 671 N. Glebe Road, Suite 800, Arlington, Va, Virginia, 22203. Link to North Point II Reit Filing: 000168673616000001.
Analysis of North Point II Reit Offering
On average, firms in the REITS and Finance sector, sell 56.00% of the total offering amount. North Point II Reit sold 95.20% of the offering. The financing is still open. Could this mean that the trust in North Point II Reit is high? The average investment size for companies in the REITS and Finance industry is $988,700. The offering was 87.96% smaller than the average of $988,700. Of course this should not be seen as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this fundraising is set at $1000. If you know more about the reasons for the financing, 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 North Point II Reit Also
The Form D signed by Joanne M Lockridge might help North Point II 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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