The Million Marathon Fund
Real Estate Office
Overview
Raised: $8,000
Total Commitments ($USD)
Platform
MainVest
Start Date
10/06/2023
Close Date
01/05/2024
Min. Goal
$100,000
Max. Goal
$800,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
2.25%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/08/2023
Days Remaining
28
% of Min. Goal
8%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$127
# of Investors
4
Momentum
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Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
The Million Marathon Fund is raising funds on MainVest. It is a real estate company seeking to build a community of 21 luxury single-family homes in the DC region. The community will be called Soleil at Bowie and will offer spacious modern home designs inspired by European farmhouse designs, with gourmet kitchens, open-concept living, and spa-like primary baths. Obakoleola Epega founded The Million Marathon Fund in April 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $800,000. The campaign proceeds will be used for general housing construction expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-614,581 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$107 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,585,107 |
$0 |
|
Short-Term Debt |
$1,714,565 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,714,565 |
$0 |
Financials as of: 10/06/2023
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