Broadtree Residential Financing
Broadtree Residential, Inc, Corporation just filed form D regarding $41.20 million equity financing. The date of first sale was 2013-02-28. Broadtree Residential was able to finance itself with $41.20 million. That is 100.00% of the financing round. The total offering amount was $41.20 million. The financing form was filed on 2016-11-22. The reason for the financing was: Estimate of aggregate salaries and fees to be paid to executive officers, directors or promoters, or their affiliates, in connection with the offering and based on estimated gross proceeds of $500,000,000..
Broadtree Residential is based in New York. The company’s business is REITS and Finance. The form D was filed by John Moragne General Counsel, CCO & Secretary. The company was incorporated in 2012. The filler’s address is: 800 Clinton Square, Rochester, Ny, New York, 14604. Amy L. Tait is the related person in the form and it has address: C/O Broadtree Homes, Inc., 800 Clinton Square, Rochester, Ny, New York, 14604. Link to Broadtree Residential Filing: 000157193516000006.
Analysis of Broadtree Residential Offering
On average, startups in the REITS and Finance sector, sell 56.00% of the total offering amount. Broadtree Residential sold 100.00% of the offering. Could this mean that the trust in Broadtree Residential is high? The average financing size for companies in the REITS and Finance industry is $988,700. The total amount raised is 4,067.13% bigger than the average for companies in the REITS and Finance sector. The minimum investment for this financing was 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 Broadtree Residential Also
The Form D signed by John Moragne might help Broadtree Residential, Inc’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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