Union House

Union House

Closed: Aug. 2022

About this raise

Union House is raising funds on Vicinity. The company is building single-family homes for communal living in Greenville, South Carolina. The business is reimagining affordable housing and creating convenient co-living with a modern touch. The homes at Union House will have fully furnished living spaces and a shared outdoor area, and rent will include utilities, high-speed internet, and weekly cleanings. Matt McPheely founded Union House in January 2017. The current crowdfunding campaign has a minimum target of $300,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the construction of the houses, F&E, and debt reduction.

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Investment Overview

Invested this round: $308,500

Deal Terms

Total Commitments

Platform
Vicinity
Start Date
06/10/2022
Close Date
08/31/2022
Min. Goal
$300,000
Max Goal
$1,070,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$300,000

Company & Team

Company

Year Founded
2017
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Greenville, South Carolina
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Matt McPheely
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$3,503
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$6,507

$5,929

 

 

Net Income

$-42,039

$-25,077

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$480,348

$435,348

Short-Term Debt

$336,870

$332,000

Long-Term Debt

$0

$0

Total Liabilities

$336,870

$332,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/31/2022 Vicinity $300,000 $308,500 Equity - Common Funded RegCF
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Add to portfolio
Union House on Vicinity 2022
Platform: Vicinity
Security Type: Equity - Common
Valuation: $300,000
Price per Share: $100.00

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Follow Union House on Vicinity 2022

Buy Union House's Deal Report

Warning: according to the close date for this deal, Union House may no longer be accepting investments.

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