Aruka Midway
Early Stage
Urban revival. Investing in the community, block by block.
Overview
Raised: $229,000
Total Commitments ($USD)
Platform
Small Change
Start Date
05/10/2021
Close Date
03/28/2022
Min. Goal
$150,000
Max. Goal
$1,000,000
Min. Investment
$500
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$713
# of Investors
79
Momentum
Funded
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Year Founded
2021
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Aruka Midway, a real estate project of O’Hare Developments, is raising funds on Small Change. The project is located in East Baltimore Midway, a federally designated opportunity zone. The company will purchase 23 vacant properties and rehabilitate them into 32 mixed-income units for rent or resale. Joanna Bartholomew founded Aruka Midway in April 2021. The current crowdfunding round has a minimum goal of $150,000 and a maximum goal of $1,600,000, and the funds will be used for the acquisition and development of the property. Aruka Midway aims to reuse two blocks of vacant buildings into affordable housing. The location in a qualified opportunity zone is an excellent opportunity for investors.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
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Revenue |
$0 |
$0 |
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COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
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Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/10/2021
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