CL Fund 3, LLC is a real estate fund based in Lakeland, Florida. According to its most recent Form D, filed Aug 17, 2026, it has sold $14,873,307 of interests to 90 investors since its first sale in Apr 2024. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. 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 Andrew Boccia.
- Total raised
- $14,873,307Cumulative sales reported on Form D
- Investors
- 90
- First sale
- Apr 16, 2024
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Andrew Boccia
- Latest Form D
- Aug 17, 2026
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 CL Fund 3, LLC
What is the minimum investment for CL Fund 3, LLC?
According to its latest Form D, filed Aug 17, 2026, the minimum investment CL Fund 3, LLC accepts from an outside investor is $50,000.
Who can invest in CL Fund 3, LLC?
CL Fund 3, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has CL Fund 3, LLC raised?
CL Fund 3, LLC reports $14,873,307 sold from 90 investors on its Form D filed Aug 17, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is CL Fund 3, LLC based?
CL Fund 3, LLC is based in Lakeland, Florida.
When did CL Fund 3, LLC launch?
CL Fund 3, LLC reports its first sale in Apr 2024, 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 88% of the 618 real estate funds based in Florida, and more than 84% of all 7,349 that report sales.