Washington Towers Eb-5 $66.00 million Financing. Christine Lee Submitted Jul 16 SEC Filing
Washington Towers Eb-5 Financing
Washington Towers Eb-5, Lp, Limited Partnership just filed form D announcing $66.00 million equity financing. The date of first sale was 2014-06-25. Washington Towers Eb-5 was able to sell $22.00 million so far. That is 33.33% of the financing round. The total offering amount was $66.00 million. The form was filed on 2015-07-16. The reason for the financing was: unspecified. The fundraising still has about $44.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Washington Towers Eb-5 is based in Washington. The filler’s business is Commercial. The form was signed by Christine Lee Member of AmWealth Management, LLC. The company was incorporated in 2013. The filler’s address is: 18230 E. Valley Highway, Suite 195, Kent, Wa, Washington, 98032. Christine Lee is the related person in the form and it has address: 18230 E. Valley Highway, Suite 195, Kent, Wa, Washington, 98032.
Analysis of Washington Towers Eb-5 Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering amount. Washington Towers Eb-5 sold 33.33% of the offering. The financing is still open. The average fundraising size for companies in the Commercial industry is $1.60 million. The total amount raised is 1,275.00% bigger than the average for companies in the Commercial sector. The minimum investment for this fundraising was set at $500000. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Washington Towers Eb-5 Also
The Form D signed by Christine Lee might help Washington Towers Eb-5, Lp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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