Temple I
Invest in a smart-tech student housing development next to Temple University
Overview
Raised: $217,985
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2022
Days Remaining
Funded
% of Min. Goal
436%
% of Max. Goal
87%
Likelihood of Max
Funded
Avg. Daily Raise
$8,384
# of Investors
487
Momentum
Funded
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Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Temple I, with a valuation of $1.18 million, is raising funds on Wefunder. It is a student housing development and coliving incubator for Temple U entrepreneurs. The development covers 10,000 square foot, 17-bedrooms units directly across Temple University. Temple I has 100% occupancy with four master leases and has reported a 150% valuation increase since 2020. Philip Michael and Martin Braithwaite of NYCE founded Temple I in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for capital reserves, legal and admin expenses, and marketing properties.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$31,689 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-17,757 |
$0 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$53,559 |
$14,961 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$1,745,819 |
$1,539,901 |
Short-Term Debt |
$0 |
$1,176,325 |
Long-Term Debt |
$1,400,000 |
$0 |
Total Liabilities |
$1,400,000 |
$1,176,325 |
Financials as of: 11/04/2022
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