Thomas Avenue Apartments Financing
Thomas Avenue Apartments Llc, Limited Liability Company just released form D regarding $490,000 debt financing. This is a new filing. Thomas Avenue Apartments was able to fundraise $330,000 so far. That is 67.35% of the round of financing. The total offering amount was $490,000. The financing document was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $160,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Thomas Avenue Apartments is based in Alabama. The firm’s business is Residential. The SEC form was filed by Les Jepsen Chief Manager. The company was incorporated in 2016. The filler’s address is: 8362 Tamarack Vlg Ste 119-308, Woodbury, Mn, Minnesota, 55125. Les Burnell Jepsen is the related person in the form and it has address: 8362 Tamarack Vlg Ste 119-308, Woodbury, Mn, Minnesota, 55125-3392. Link to Thomas Avenue Apartments Filing: 000168708716000001.
Analysis of Thomas Avenue Apartments Offering
On average, startups in the Residential sector, sell 100.00% of the total offering amount. Thomas Avenue Apartments sold 67.35% of the offering. The fundraising is still open. The average investment size for companies in the Residential industry is $178,000. The total amount raised is 85.39% bigger than the average for companies in the Residential sector. The minimum investment for this offering was set at $20000. 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 Thomas Avenue Apartments Also
The Form D signed by Les Jepsen might help Thomas Avenue Apartments 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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