What is Bethel Development?
Bethel Development, Inc., founded in 1994 and headquartered in Columbus, Ohio, is a dedicated entity in the development, ownership, and management of residential real estate. The company has carved a niche in affordable housing, successfully developing 35 projects that encompass 2,634 units. A notable aspect of Bethel's strategy is its focus on serving large families and elderly tenants, often in collaboration with non-profit organizations. Its operational footprint extends beyond Ohio, with developments in Arizona and New Mexico. The company leverages its subsidiary, Qualcon Builders, LLC, as its in-house general contractor, streamlining the construction process for its diverse housing initiatives.
How much funding has Bethel Development raised?
Bethel Development has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Bethel Development?
The substantial large-scale, late-stage funding context suggests Bethel Development is poised for significant expansion and further scaling of its operations. This capital infusion is likely to fuel the development of new affordable housing projects, potentially increasing unit capacity and geographic reach. The company's established track record in developing and managing properties, coupled with its strategic partnerships, positions it to capitalize on opportunities within the affordable housing market, aiming to address critical housing needs across its operational regions.
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