Today’s Form D Filing: Riggins Run Apartments I $10.80 million Financing. Alicia E Zambelli Submitted Nov 10 SEC Form

Residential Riggins Run Apartments I Llc - Alicia E Zambelli

Riggins Run Apartments I Financing

Riggins Run Apartments I Llc, Limited Liability Company just filed form D about $10.80 million equity financing. This is a new filing. Riggins Run Apartments I Llc is expected to finance itself with $10.80 million in this round of financing. The total financing amount was $10.80 million. The financing document was filed on 2016-11-10. The reason for the financing was: unspecified. The fundraising still has about $10.80 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Riggins Run Apartments I is based in Ohio. The filler’s business is Residential. The SEC form was signed by Alicia E Zambelli Attorney in Fact. The company was incorporated in 2016. The filler’s address is: 4220 Shire Cove Road, Hilliard, Oh, Ohio, 43026. David Ruma is the related person in the form and it has address: 4220 Shire Cove Road, Hilliard, Oh, Ohio, 43026. Link to Riggins Run Apartments I Filing: 000168973016000002.

Analysis of Riggins Run Apartments I Offering

On average, startups in the Residential sector, sell 100.00% of the total offering size. Riggins Run Apartments I sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Residential industry is $178,000. The offering was 100.00% smaller than the average of $178,000. Of course this should not be interpreted as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this fundraising is 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 Riggins Run Apartments I Also

The Form D signed by Alicia E Zambelli might help Riggins Run Apartments I 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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