Follow The Form D: Highland Santa Monica Homes $1.60 million Fundraising. Steve Meepos Released Nov 1 D Filing

Residential Highland Santa Monica Homes, Llc - Steve Meepos

Highland Santa Monica Homes Financing

Highland Santa Monica Homes, Llc, Limited Liability Company just submitted form D for $1.60 million equity financing. This is a new filing. Highland Santa Monica Homes was able to finance itself with $1.54 million. That is 96.25% of the offering. The total private financing amount was $1.60 million. The form was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $60,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Highland Santa Monica Homes is based in Alabama. The filler’s business is Residential. The form D was submitted by Steve Meepos President of Managing Member of Manager. The company was incorporated in 2016. The filler’s address is: 2999 Overland Avenue, Suite 130, Los Angeles, Ca, California, 90064. Steve Meepos is the related person in the form and it has address: 2999 Overland Avenue, Suite 130, Los Angeles, Ca, California, 90064. Link to Highland Santa Monica Homes Filing: 000168876016000001.

Analysis of Highland Santa Monica Homes Offering

On average, firms in the Residential sector, sell 100.00% of the total offering size. Highland Santa Monica Homes sold 96.25% of the offering. The financing is still open. The average offering size for companies in the Residential industry is $178,000. The total amount raised is 765.17% bigger than the average for companies in the Residential sector. The minimum investment for this financing is set at $25000. 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 Highland Santa Monica Homes Also

The Form D signed by Steve Meepos might help Highland Santa Monica Homes, 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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