NYCE’s Temple II
Early Stage
Own Temple U student housing complex for $100
Overview
Raised: $773,966
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/04/2022
Close Date
04/30/2022
Min. Goal
$99,999
Max. Goal
$1,099,987
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$22.22
Pre-Money Valuation
$6,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$9,105
# of Investors
1,443
Momentum
Funded
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Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
NYCE’s Temple II, with a valuation of $6 million, is raising funds on Wefunder. The company is developing Phase II and III of the student housing development called Philicon Square. The building will function as the coliving community for the students of NYCE’s Temple University. The project will consist of 84 tech-powered coliving units and has a projected valuation of $11 million once built. Philip Michael and Martin Braithwaite founded NYCE’s Temple II in December 2020. The current crowdfunding campaign has a minimum target of $99,999 and a maximum target of $1,099,987. The campaign proceeds will be used for capital reserves, marketing, and development operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$1,745 |
$0 |
| ||
| ||
|
Net Income |
$-117,460 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,579 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$976,039 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$665,054 |
$0 |
|
Total Liabilities |
$665,054 |
$0 |
Financials as of: 02/04/2022
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