38 Railroad LLC is a real estate fund based in Chelmsford, Massachusetts. According to its most recent Form D, filed Oct 30, 2025, it has sold $600,000 of interests to 4 investors since its first sale in Oct 2025. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Alfred Mendelsohn; Benjamin Marshall.
- Total raised
- $600,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Oct 1, 2025
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Alfred Mendelsohn; Benjamin Marshall
- Latest Form D
- Oct 30, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about 38 Railroad LLC
What is the minimum investment for 38 Railroad LLC?
According to its latest Form D, filed Oct 30, 2025, the minimum investment 38 Railroad LLC accepts from an outside investor is $100,000.
Who can invest in 38 Railroad LLC?
38 Railroad LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has 38 Railroad LLC raised?
38 Railroad LLC reports $600,000 sold from 4 investors on its Form D filed Oct 30, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is 38 Railroad LLC based?
38 Railroad LLC is based in Chelmsford, Massachusetts.
When did 38 Railroad LLC launch?
38 Railroad LLC reports its first sale in Oct 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 45% of the 212 real estate funds based in Massachusetts, and more than 26% of all 7,350 that report sales.