East Bay Permanent Real Estate Cooperative

Early Stage

Community-led real estate developer

Overview

Raised to Date: Raised: $1,186,000

Total Commitments ($USD)

Platform

CrowdFund Mainstreet

Start Date

09/27/2022

Close Date

09/27/2023

Min. Goal

$1,000

Max. Goal

$72,000,000

Min. Investment

$1,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1,000.00

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

188

% of Min. Goal

118,600%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,701

# of Investors

391

Momentum
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Year Founded

2017

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Oakland, California

Business Type

Life Style

East Bay Permanent Real Estate Cooperative is raising funds on CrowdFund Mainstreet through Reg A+ crowdfunding. It is a land and housing organization that enables BIPOC and allied communities to invest in real estate. The platform supports property acquisition, development, and business feasibility by the underrepresented communities and helps them in organizing, purchasing, and housing. Currently, East Bay Permanent Real Estate Cooperative is in the process of acquiring the legendary Esther’s Orbit Room, a historic Jazz club. Noni Session, Gregory Jackson, Shira Shaham, and Ojan Mobedshahi founded East Bay Permanent Real Estate Cooperative in 2017. The current crowdfunding campaign has a maximum target of $72 million. The campaign proceeds will be used to purchase, develop, build, and manage real estate.

Balance Sheet

Cash and Cash Equivalents

$1,830,311

Investment Securities

$1,509,630

Accounts and Notes Receivable

$189,246

Property, Plant and Equipment (PP&E)

$2,932,715

Total Assets

$4,776,026

Accounts Payable & Accrued Liabilities

$68,771

Long Term Debt

$1,864,132

Total Liabilities

$1,932,903

Total Stockholders' Equity

$2,843,123

Total Liabilities and Equity

$4,776,026

Statement of Comprehensive Income Information

Total Revenues

$39,541

Costs & Expenses Applicable to Rev

$25,415

Depreciation and Amortization

$33,775

Net Income

$51,957

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Wegner CPAs, LLC
Financials as of: 09/27/2022
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East Bay Permanent Real Estate Cooperative on CrowdFund Mainstreet 2022
Platform: CrowdFund Mainstreet
Security Type: Equity - Common

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