CM 70 Spruce LLC is a real estate fund based in Los Angeles, California. According to its most recent Form D, filed Feb 20, 2026, it has sold $100,000 of interests to 1 investor since its first sale in Feb 2026. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Joshua Hile; James Dunford.
- Total raised
- $100,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Feb 18, 2026
- Minimum investment
- $25,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Joshua Hile; James Dunford
- Latest Form D
- Feb 20, 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 CM 70 Spruce LLC
What is the minimum investment for CM 70 Spruce LLC?
According to its latest Form D, filed Feb 20, 2026, the minimum investment CM 70 Spruce LLC accepts from an outside investor is $25,000.
Who can invest in CM 70 Spruce LLC?
CM 70 Spruce 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(b), which does not allow general advertising.
How much has CM 70 Spruce LLC raised?
CM 70 Spruce LLC reports $100,000 sold from 1 investor on its Form D filed Feb 20, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is CM 70 Spruce LLC based?
CM 70 Spruce LLC is based in Los Angeles, California.
When did CM 70 Spruce LLC launch?
CM 70 Spruce LLC reports its first sale in Feb 2026, 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 27% of the 1,095 real estate funds based in California, and more than 5% of all 7,350 that report sales.