Milford Lofts Financing
Milford Lofts, Llc, Limited Liability Company just had published form D because of $4.80 million equity financing. The date of first sale was 2016-09-13. Milford Lofts was able to finance itself with $675,000 so far. That is 14.06% of the financing offer. The total fundraising amount was $4.80 million. The financing document was filed on 2016-10-07. The reason for the financing was: Management fees and expenses allowed under Operating Agreement.. The fundraising still has about $4.13 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Milford Lofts is based in Michigan. The firm’s business is Other Real Estate. The D form was submitted by Mark DeMaria Managing Member. The company was incorporated in 2016. The filler’s address is: 7457 Franklin Road, Bloomfield Hills, Mi, Michigan, 48301. Mark Demaria is the related person in the form and it has address: 7457 Franklin Road, Bloomfield Hills, Mi, Michigan, 48301. Link to Milford Lofts Filing: 000165917316000532.
Analysis of Milford Lofts Offering
On average, companies in the Other Real Estate sector, sell 100.00% of the total offering size. Milford Lofts sold 14.06% of the offering. The fundraising is still open. The average financing size for companies in the Other Real Estate industry is $931,000. The offering was 27.50% smaller than the average of $931,000. Of course this should not be interpreted as negative. Startups raise funds for different needs and reasons. The minimum investment for this offering is set at $100000. 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 Milford Lofts Also
The Form D signed by Mark DeMaria might help Milford Lofts, 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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