Form D to Follow: Coastal Realty Capital $7.00 million Financing. Daniel McCarron Filed Nov 29 D Form

Real Estate Coastal Realty Capital, Llc - Daniel McCarron

Coastal Realty Capital Financing

Coastal Realty Capital, Llc, Limited Liability Company just submitted form D announcing $7.00 million debt financing. The date of first sale was 2016-10-21. Coastal Realty Capital was able to fundraise $1.39 million so far. That is 19.91% of the financing offer. The total private offering amount was $7.00 million. This form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $5.61 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Coastal Realty Capital is based in Maine. The company’s business is Other Real Estate. The form D was submitted by Daniel McCarron Chief Operating Officer. The company was incorporated more than five years ago. The filler’s address is: 4 City Center, 3Rd Floor, Portland, Me, Maine, 04101. Shawn Lyden is the related person in the form and it has address: 4 City Center, 3Rd Floor, Portland, Me, Maine, 04101. Link to Coastal Realty Capital Filing: 000155790516000006.

Analysis of Coastal Realty Capital Offering

On average, startups in the Other Real Estate sector, sell 100.00% of the total offering size. Coastal Realty Capital sold 19.91% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Real Estate industry is $931,000. The total amount raised is 49.73% bigger than the average for companies in the Other Real Estate sector. The minimum investment for this offering is set at $50000. 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 Coastal Realty Capital Also

The Form D signed by Daniel McCarron might help Coastal Realty Capital, 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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