Evergreen Pointe Townhomes $800000 Fundraising. JOSHUA IRVINE Filed Aug 15 SEC form

Evergreen Pointe Townhomes Financing

Evergreen Pointe Townhomes, Llc, Limited Liability Company just filed form D because of $800,000 equity financing. This is a new filing. Evergreen Pointe Townhomes was able to finance itself with $550,000 so far. That is 68.75 % of the round of financing. The total offering amount was $800,000. The private financing document was filed on 2019-08-15. The reason for the financing was: Management fees accrue upon completion of construction, but nothing to date.. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Evergreen Pointe Townhomes is based in Utah. The firm’s business is Residential. The SEC form was signed by JOSHUA IRVINE Counsel. The company was incorporated in 2019. The filler’s address is: 95 West 200 N Suite 2, Spanish Fork, Ut, Utah, 84660. Jacob Pete Mittanck is the related person in the form and it has address: 95 W 200 N, #2, Spanish Fork, Ut, Utah, 84660. Link to Evergreen Pointe Townhomes Filing: 000177750619000001.

Analysis of Evergreen Pointe Townhomes Offering

On average, companies in the Residential sector, sell 100.00 % of the total offering amount. Evergreen Pointe Townhomes sold 68.75 % of the offering. The financing is still open. The average investment floor size for companies in the Residential industry is $178,000. The total amount raised is 208.99 % bigger than the average for companies in the Residential sector. The minimum investment for this offering was set at $50000. 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 Evergreen Pointe Townhomes Also

The Form D signed by JOSHUA IRVINE might help Evergreen Pointe Townhomes, 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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