FG Communities

FG Communities

Early Stage

Helping Solve America's Home Affordability Crisis

Helping Solve America's Home Affordability Crisis

Overview

Raised this Round: Raised: $3,930,000

Total Commitments ($USD)

Platform

Equifund

Start Date

05/03/2023

Close Date

03/05/2024

Min. Goal
$19,998
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.25

Pre-Money Valuation

$26,500,000

Year Founded

2022

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

MOORESVILLE, North Carolina

Business Type

Growth

FG Communities, with a valuation of $26.5 million, is raising funds on Equifund CFP. It is a real estate company that acquires, owns, develops, operates, and manages manufactured housing communities. The business leases the manufactured homesites to tenants and rents out the manufactured homes to residents. FG Communities aims to preserve and improve affordable housing in the US. Michael Z. Anise and Kyle Cerminara founded FG Communities in July 2022. The current crowdfunding campaign has a minimum target of $19,998 and a maximum target of $5 million. The campaign proceeds will be used for the acquisition and development of manufactured housing communities and general working capital purposes.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$130,651

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-623,675

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$281,777

$0

Accounts Receivable

$7,743

$0

Total Assets

$15,594,760

$0

Short-Term Debt

$0

$0

Long-Term Debt

$8,088,977

$0

Total Liabilities

$8,088,977

$0

Financials as of: 05/03/2023
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FG Communities on Equifund CFP 2023
Platform: Equifund
Security Type: Equity - Common
Valuation: $26,500,000
Price per Share: $2.25

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Follow FG Communities on Equifund CFP 2023

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