About this raise

44 East, a new residential condominium in Austin, is raising crowdfunding on Republic. It is a 49-story 322-unit condominium at a unique location with breathtaking views. The condo is exquisitely designed by Michael Hsu Office of Architecture and boasts of a neighboring park, water, and urban settings. 44 East is led by Janine Yorio and Jesse Stein and will be owned by Compound Projects. The proceeds of the current round of crowdfunding, with a minimum target of $32,250 and a maximum target of $443,715, will be used for the acquisition of the property. 44 East is located at an excellent location where home values have appreciated by 63.8% over the past ten years. The acquisition is expected to close in the fall of 2021, and the apartment will be leased post-acquisition.

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Investment Overview

Not Funded: $375,694

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
06/04/2021
Close Date
09/30/2021
Min. Goal
$32,250
Max Goal
$443,715
Min. Investment

$258

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.45

Pre-Money Valuation

$645,000

Company & Team

Company

Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
New York, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Janine Yorio
Title
CEO

Financials

 Revenue
$29,953
 Monthly Burn
$3,991
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$29,953

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-47,888

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$242,903

$0

Accounts Receivable

$0

$0

Total Assets

$1,703,326

$65,587

Short-Term Debt

$531,112

$65,587

Long-Term Debt

$0

$0

Total Liabilities

$531,112

$65,587

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Company Funding & Growth

Funding history

Please note that the issuer (Compound Projects) is offering a fractional or Series LLC investment for the current asset. Funding rounds shown below may be offerings of unrelated assets and should not be used to gauge the progress of this investment.
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
44 East 09/30/2021 Republic $645,000 $375,694 Equity - Common Not Funded RegCF
Flatiron- Miami 06/26/2021 Republic $532,000 $212,800 SAFE Funded RegA+
Illume- Nashville 06/25/2021 Republic $463,000 $106,490 SAFE Funded RegA+
Draper Startup House- Austin 12/31/2020 Republic $5,074,602 $170,625 Equity - Common Not Funded RegCF
44 East- Austin 08/26/2020 Republic $463,000 $193,500 Equity - Common Not Funded RegCF
Flatiron- Miami 08/18/2020 Republic $532,000 $300,000 Equity - Common Funded RegCF
Illume- Nashville 08/18/2020 Republic $463,000 $324,100 Equity - Common Funded RegCF
Compound: Reach 03/10/2020 Republic $495,000 $97,270 Equity - Common Funded RegCF
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Add to portfolio
44 East on Republic 2021
Platform: Republic
Security Type: Equity - Common
Valuation: $645,000
Price per Share: $6.45

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Warning: according to the close date for this deal, 44 East may no longer be accepting investments.

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