Temple I
Invest in a smart-tech student housing development next to Temple University
Overview
Raised: $217,985
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/04/2022
Close Date
11/30/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$1,177,750
Rolling Commitments ($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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