HG Development Finance, LLC
HG Development Finance, LLC is a real estate fund based in Norfolk, Virginia. According to its most recent Form D, filed Sep 4, 2013, it has sold $1,723,715 of interests to 33 investors since its first sale in Aug 2013. The minimum investment it accepts from an outside investor is $2,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. Related persons named in the filing include Managing Co., LLC HG Development Finance; Jordan Slone; Thomas Litton, Jr.
- Total raised
- $1,723,715Cumulative sales reported on Form D
- Investors
- 33
- First sale
- Aug 22, 2013
- Minimum investment
- $2,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Other exemption
- Key people and entities
- Managing Co., LLC HG Development Finance; Jordan Slone; Thomas Litton, Jr
- Latest Form D
- Sep 4, 2013
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 HG Development Finance, LLC
What is the minimum investment for HG Development Finance, LLC?
According to its latest Form D, filed Sep 4, 2013, the minimum investment HG Development Finance, LLC accepts from an outside investor is $2,000.
Who can invest in HG Development Finance, LLC?
HG Development Finance, 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).
How much has HG Development Finance, LLC raised?
HG Development Finance, LLC reports $1,723,715 sold from 33 investors on its Form D filed Sep 4, 2013. This is cumulative sales since the offering began, not current assets or performance.
Where is HG Development Finance, LLC based?
HG Development Finance, LLC is based in Norfolk, Virginia.
When did HG Development Finance, LLC launch?
HG Development Finance, LLC reports its first sale in Aug 2013.
Size compared with every real estate fund
Raised more than 56% of the 142 real estate funds based in Virginia, and more than 43% of all 7,349 that report sales.