The Co-Own Company: We are changing the future of urban home ownership by developing net-zero co-owned housing in the US | Wefunder

The Problem

Our Solution

Competitors

Urban Single Family Homes: way too expensive, aging rapidly

Traditional Rental Housing: expensive, impersonal, no equity

Co-Living Rentals: no equity, too many residents per building

Subsidized Affordable Housing: low income caps, inaccessible, limited equity

We believe we are building the best nationwide, scalable, for-profit shared ownership housing in the country

Our team has experts from many fields which will enable us to launch successfully (please see team profiles)

We are raising $1,000,000 from non-accredited investors and a remaining $9,500,000 will come from accredited (high net worth) investors. The $1,000,000 Wefunder "Go To Market" raise will be used to pre-sell and build one "Single Family Home" model in Denver. This model can be built across the United States and we believe it to be a market disrupter upon introduction

The $200,000 minimum of the "Go To Market Raise" will be used for Pre-Development costs (architecture and various engineering fees) of $95,000 (47.5%), Fees (for legal work to set up the Co-Operative and organizational documents) of $37,500 (18.75%), marketing and selling shares of this co-op house to the public of $28,100 (14.05%), a deposit on the land of $10,000 (5%), and financing fees for the construction loan of $14,400 (7.2%). Additionally Wefunder collects a 7.5% fee of $15,000

The additional $800,000 will be sufficient 'equity' to obtain a construction loan and build out the project. The money will go toward more Fees of $25,000 (3.125%), some Marketing $820 (.1%), the land $596,000 (74.5%), building permits $55,000 (6.875%), and construction loan costs of $63,180 (7.9%). Wefunder collects a 7.5% fee of $60,000

These are our best estimates, and of course we cannot guarantee any specific cost

Wefunder means Wefunder Inc and its wholly owned subsidiaries: Wefunder Advisors LLC and Wefunder Portal LLC. This page is hosted by Wefunder Portal LLC

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