Aruka Midway

Early Stage

Urban revival. Investing in the community, block by block.

Overview

Raised to Date: Raised: $229,000

Total Commitments ($USD)

Platform

Small Change

Start Date

05/11/2021

Close Date

03/28/2022

Min. Goal
$150,000
Max. Goal
$1,000,000
Min. Investment

$500

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$1.00

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/03/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$713

# of Investors

79

Momentum
Funded
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Year Founded

2021

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Baltimore, Maryland

Business Type

Life Style

Aruka Midway, a real estate project of O’Hare Developments, is raising funds on Small Change. The project is located in East Baltimore Midway, a federally designated opportunity zone. The company will purchase 23 vacant properties and rehabilitate them into 32 mixed-income units for rent or resale. Joanna Bartholomew founded Aruka Midway in April 2021. The current crowdfunding round has a minimum goal of $150,000 and a maximum goal of $1,600,000, and the funds will be used for the acquisition and development of the property. Aruka Midway aims to reuse two blocks of vacant buildings into affordable housing. The location in a qualified opportunity zone is an excellent opportunity for investors.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 05/11/2021
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Aruka Midway on Small Change
Platform: Small Change
Security Type: Equity - Preferred
Price per Share: $1.00

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