Forbes Farmhouse Development

Forbes Farmhouse Development

Multi-phase residential project

Multi-phase residential project

Overview

Raised to Date: Raised: $14,682

Total Commitments ($USD)

Platform

Secure Living

Start Date

01/28/2024

Close Date

06/30/2024

Min. Goal
$200,000
Max. Goal
$535,000
Min. Investment

$500

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

5.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/07/2024

Days Remaining

53

% of Min. Goal

7%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$147

Momentum
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Year Founded

2023

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Temple Hills, Maryland

Business Type

Life Style

Forbes Farmhouse Development is raising funds on Secure Living. It is a real estate company building a multi-phase project in Florida. Forbes Farmhouse Development’s project will be a mixed-use residential community in Miccosukee, Florida, and will be used for vacation rentals and event venue rentals. The company will be involved in the construction, operation, and maintenance of the farmhouse project. Kelvin Harris founded Forbes Farmhouse Development in November 2023. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $535,000. The campaign proceeds will be used for site preparation, general site demolition, storm sewer piping, utility, landscape, and other construction-related expenses.

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

$86,186

$0

Short-Term Debt

$0

$0

Long-Term Debt

$46,260

$0

Total Liabilities

$46,260

$0

Financials as of: 01/28/2024
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Forbes Farmhouse Development on Secure Living 2024
Platform: Secure Living
Security Type: Debt

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