Temple I
Invest in a smart-tech student housing development next to Temple University
Overview
Raised: $360,000
Total Commitments ($USD)
Platform
Republic
Start Date
08/20/2020
Close Date
11/24/2020
Min. Goal
$100,000
Max. Goal
$360,000
Min. Investment
$79
Security Type
Convertible Note
Series
Seed
Funding Type
RegCF
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2020
Days Remaining
Funded
% of Min. Goal
360%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$3,750
# of Investors
1,324
Momentum
Funded
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Location
New York, New York
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Temple I, a student housing development by Temple University, is raising crowdfunding on Republic. It is Phase 1 of a 100-bed tech-powered student housing development being developed by NYCE Companies. The development covers 10,000 square foot, 17-bedrooms units, directly across Temple University. Philip Michael and Martin Braithwaite of NYCE founded Temple I in June 2020. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $360,000, will be used for the development of the property. Temple I was acquired by NYCE in 2018, and the development is expected to be completed in the fourth quarter of 2020.
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 |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/20/2020
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