Chapel

Chapel

Early Stage

Investing in the untapped potential of Poe Mill

Investing in the untapped potential of Poe Mill

Overview

Raised this Round: Raised: $135,000

Total Commitments ($USD)

Platform

Vicinity

Start Date

10/11/2020

Close Date

12/31/2020

Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$10,000,000

Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Location

Greenville, South Carolina

Chapel, with a valuation of $10 million, is raising funds on Vicinity. The company is developing a real estate space in the heart of the Poe Mill community in Greenville, South Carolina. The space includes a 43,000 feet office and an event and restaurant space. The project will provide job training to locals, investment in local entrepreneurs, a safe space for kids, and a resource for the neighborhood. Chapel will not follow a conventional office and retail model but will curate an experience through partnerships. Matt McPheely founded Chapel in October 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for civil engineering, permits, final design and architecture, landscaping, and initial site work.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$3,435

$0

 

 

Net Income

$-5,473

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$100,000

$0

Accounts Receivable

$0

$0

Total Assets

$1,790,496

$0

Short-Term Debt

$0

$0

Long-Term Debt

$1,645,969

$0

Total Liabilities

$1,645,969

$0

Financials as of: 10/11/2020
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Chapel on Vicinity 2020
Platform: Vicinity
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $100.00

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