Lyons Ave Renaissance
Early Stage
Invest in 18 rentals with long term tenants (mostly seniors), a restaurant, an empty space that will be a coffee shop, and a new construction office space in Historic 5th Ward of Houston.
Overview
Raised: $1,070,000
Total Commitments ($USD)
Platform
Buy The Block
Start Date
01/01/2020
Close Date
07/10/2020
Min. Goal
$107,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$50.00
Pre-Money Valuation
$2,660,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/01/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,632
# of Investors
1,649
Momentum
Funded
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Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Lyons Ave Renaissance, a real estate firm, is raising crowdfunding on Buy The Block, LLC. The company owns a portfolio of residential and commercial properties on Lyons Avenue in the 5th Ward of Houston. The portfolio consists of six 2-bed 1-bath homes and twelve 1-bed 1-bath homes, in addition to two commercial buildings. The properties are in pristine condition and in an excellent location. Lyons Ave Renaissance was founded by Christopher Senegal, a renewed real estate developer. The current round of crowdfunding of Lyons Ave Renaissance has a minimum target of $107,000 and a maximum target of $1,070,000, and the funds will be used towards the acquisition of the rental portfolio, repairs, and cost of design and improvement. The property generates $13,000 per month in rental income that is expected to increase to $15,000 per month.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$50,000 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 01/01/2020
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