Form D of The Day: Sumner Ridge Development $6.51 million Fundraising. David B Levy Filed Jul 11 Filing

Residential Sumner Ridge Development Llc - David B Levy

Sumner Ridge Development Financing

Sumner Ridge Development Llc, Limited Liability Company just released form D about $6.51 million equity financing. This is a new filing. Sumner Ridge Development was able to sell $6.51 million. That is 100.00% of the financing offer. The total financing amount was $6.51 million. The form was filed on 2016-07-11. The reason for the financing was: unspecified.

Sumner Ridge Development is based in North Carolina. The company’s business is Residential. The form D was signed by David B Levy Executive Director of Affordable Housing Management, Inc., a. The company was incorporated in 2016. The filler’s address is: 330 South Greene Street, Suite B-11, Greensboro, Nc, North Carolina, 27401. __ Sumner Ridge Of Greensboro Llc is the related person in the form and it has address: 330 South Greene Street, Suite B-11, Greensboro, Nc, North Carolina, 27401. Link to Sumner Ridge Development Filing: 000167916416000001.

Analysis of Sumner Ridge Development Offering

On average, firms in the Residential sector, sell 100.00% of the total offering size. Sumner Ridge Development sold 100.00% of the offering. Could this mean that the trust in Sumner Ridge Development is high? The average investment floor size for companies in the Residential industry is $178,000. The total amount raised is 3,554.88% bigger than the average for companies in the Residential sector. The minimum investment for this offering was set at $0. 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 Sumner Ridge Development Also

The Form D signed by David B Levy might help Sumner Ridge Development 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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