Form D: West Asheville Sustainable Housing $1.50 million Fundraising. Luis Hellmund Released Nov 23 D Filing

Residential West Asheville Sustainable Housing, Llc - Luis Hellmund

West Asheville Sustainable Housing Financing

West Asheville Sustainable Housing, Llc, Limited Liability Company just filed form D about $1.50 million equity financing. This is a new filing. West Asheville Sustainable Housing, Llc is expected to sell $1.50 million in this financing round. The total financing amount was $1.50 million. The financing document was filed on 2016-11-23. The reason for the financing was: Promoters of offering will have separate company enter into mngt agt re: continuing operations, but proceeds of offering to be used for acquisition/develop- not for property mngt. Amount is for exp. reimbursement of offering.. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

West Asheville Sustainable Housing is based in North Carolina. The filler’s business is Residential. The form was submitted by Luis Hellmund Manager. The company was incorporated in 2016. The filler’s address is: 503 Sweeten Creek Industrial Park, Asheville, Nc, North Carolina, 28803. William Ward Griffin is the related person in the form and it has address: 92 Crayton Road, Asheville, Nc, North Carolina, 28803. Link to West Asheville Sustainable Housing Filing: 000169010116000001.

Analysis of West Asheville Sustainable Housing Offering

On average, companies in the Residential sector, sell 100.00% of the total offering amount. West Asheville Sustainable Housing sold 0.00% of the offering. The financing 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. Businesses get financed for different reasons and needs. The minimum investment for this financing is set at $25000. 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 West Asheville Sustainable Housing Also

The Form D signed by Luis Hellmund might help West Asheville Sustainable Housing, 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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