Lucas & Friend

Neutral
BETA

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Analytics

Raised to Date: $3,100

Aggregate Commitments $
Platform

Mr. Crowd

Start Date

03/13/2020

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$100,000

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

147

% of Min. Goal

12%

% of Max. Goal

1%

Likelihood of Max
Avg. Daily Raise

$12

Momentum
Location

Jackson, WY

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Lucas & Friend, with a pre-money valuation of $100,000, is raising funds on Mr. Crowd. The company aims to explore business opportunities in the US co-living real estate for global Chinese students. Lucas & Friend will acquire, develop, and manage such co-living spaces, with rental prices expected to be between $1,150 and $1,650 per month. Lucas & Friend was founded by Nathan Jenkins in November 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used to acquire an existing single-family property within the school network of the University of California Irvine, give it a makeover, and furnish and develop it. Lucas & Friend has the potential to become the leader in global Chinese students’ accommodations, both within the US and across the world.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$4,428

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$4,234

$0

Accounts Receivable

$0

$0

Total Assets

$4,234

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 12/03/2020

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