Southside Multifamily Financing
Southside Multifamily Llc, Limited Liability Company just released form D about $17.42 million equity financing. The date of first sale was 2016-09-30. Southside Multifamily was able to finance itself with $2.59 million so far. That is 14.84% of the fundraising. The total offering amount was $17.42 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $14.84 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Southside Multifamily is based in Texas. The filler’s business is Commercial. The SEC form was submitted by Frank R Apollo Executive officer of corporate parent of managing member. The company was incorporated in 2016. The filler’s address is: 2800 Post Oak Blvd., Suite 4800, Houston, Tx, Texas, 77056. Limited Liability Corporation Hines Southside Multifamily Llc is the related person in the form and it has address: 2800 Post Oak Blvd., Suite 5000, Houston, Tx, Texas, 77056. Link to Southside Multifamily Filing: 000168607416000003.
Analysis of Southside Multifamily Offering
On average, firms in the Commercial sector, sell 65.22% of the total offering amount. Southside Multifamily sold 14.84% of the offering. The financing is still open. The average financing size for companies in the Commercial industry is $1.60 million. The total amount raised is 61.56% bigger than the average for companies in the Commercial sector. The minimum investment for this financing was set at $25000. 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 Southside Multifamily Also
The Form D signed by Frank R Apollo might help Southside Multifamily 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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