Illini North Development, LLC
Illini North Development, LLC is a real estate fund based in Centreville, Michigan. According to its most recent Form D, filed Jun 1, 2015, it has sold $17,000,000 of interests to 87 investors since its first sale in May 2015. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Larry Gough.
- Total raised
- $17,000,000Cumulative sales reported on Form D
- Investors
- 87
- First sale
- May 6, 2015
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Larry Gough
- Latest Form D
- Jun 1, 2015
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 Illini North Development, LLC
What is the minimum investment for Illini North Development, LLC?
According to its latest Form D, filed Jun 1, 2015, the minimum investment Illini North Development, LLC accepts from an outside investor is $50,000.
Who can invest in Illini North Development, LLC?
Illini North Development, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Illini North Development, LLC raised?
Illini North Development, LLC reports $17,000,000 sold from 87 investors on its Form D filed Jun 1, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is Illini North Development, LLC based?
Illini North Development, LLC is based in Centreville, Michigan.
When did Illini North Development, LLC launch?
Illini North Development, LLC reports its first sale in May 2015.
Size compared with every real estate fund
Raised more than 95% of the 103 real estate funds based in Michigan, and more than 85% of all 7,350 that report sales.