Creative Homies

A Black-owned creative hub built for BIPOC creatives, in downtown Portland

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Security Type
Common Stock
Categories
Building & Construction
Location
PORTLAND, OR
Expected Close Date
April 30, 2024
Target Raise
$60.00K-$750.00K
No. Investors
38
Security Price
$1
Website
creativehomies.com
Number of Employees
0
Cash
$49,693
Revenue
$17,492
Short Term Debt
$44,792
Cost of Goods
$6,800
Long Term Debt
$1,956,584
Net Income
$-244,707

Company Description

Cyrus Coleman and Adewale Agboola (pronounced “WAH-Lay”) have purchased the historic Enterprise Building originally constructed in 1905. The 20,000 square foot building is three floors with a full basement and is located at 433 NW 4th Avenue, Portland, Oregon. Cyrus and Adewale plan to repurpose it as a creative hub dedicated to the BIPOC (Black and Indigenous People Of Color) community in Portland and are calling it the Creative Homies Enterprise Building (the “Building”).

Key Deal Facts

Black-owned. Project led and owned by a Black team, BIPOC community. A safe space for the creative BIPOC community, Creative hub.  Studio, equipment rental, jazz bar, art gallery and more, Revitalization. Repurposing of historic building in Old Town, Urban density. Plenty of transit nearby., Return. 50% of cash flow to investors, capped at 2.5X initial investment, Opportunity Zone. Additional tax benefits available.
Amount Raised : $91,900
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Security Description

Common stock is a security that represents ownership in a corporation.

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