Granite Street Apartments Financing
Granite Street Apartments, Llc, Limited Liability Company just filed form D announcing $1.15 million equity financing. This is a new filing. Granite Street Apartments was able to sell $480,000 so far. That is 41.74% of the fundraising offer. The total offering amount was $1.15 million. The offering form was filed on 2016-11-23. The reason for the financing was: Reimbursement to the Company’s founders, Digger – Digs, LLC and Granite Street Investors, LLC, for excess capital contributions and legal, accounting, and other expenses incurred related to the formation of the Company and this offering.. The fundraising still has about $670,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Granite Street Apartments is based in Montana. The company’s business is Commercial. The SEC form was submitted by Alissa L Chambers Attorney for Issuer. The company was incorporated in 2016. The filler’s address is: 3424 Highway 12 East, Helena, Mt, Montana, 59601. Mark Esponda is the related person in the form and it has address: 3424 Highway 12 East, Helena, Mt, Montana, 59601. Link to Granite Street Apartments Filing: 000169051616000001.
Analysis of Granite Street Apartments Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering amount. Granite Street Apartments sold 41.74% of the offering. The financing is still open. The average offering size for companies in the Commercial industry is $1.60 million. The offering was 70.00% smaller than the average of $1.60 million. Of course this should not be seen as negative. Companies raise funds for different needs and reasons. The minimum investment for this financing was set at $0. 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 Granite Street Apartments Also
The Form D signed by Alissa L Chambers might help Granite Street Apartments, 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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