About this raise
New Way Homes is raising funds on EquityVest. The company is focused on developing below-market-rate and affordable houses, including workforce, supportive, and other discounted and financially sustainable houses. New Way Homes achieves its target by pairing private impact investment with new development strategies and non-profit landowners and has most of its partnerships with black churches for its current and future projects. The company has completed the construction of 19 homes, with 149 more units entitled and over 300 units in the development pipeline. Sibley V. Simon founded New Way Homes in April 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for marketing, general working capital, interest payments, and loans for affordable housing development.
Investment Overview
Invested : $452,500
Deal Terms
Total Commitments
- Platform
- EquityVest
- Start Date
- 11/21/2023
- Close Date
- 04/15/2025
$50,000
$5,000,000
$250
Debt
Annually
RegCF
4.25%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +175% YoY
-
$622,948
as of FY2022
- Monthly Burn
-
Profitable
as of FY2022
-
Cash on Hand
-
$1,687,005
as of FY2022
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No