AltMountain

MCG Asheville Pref, LLC

Charlotte, NC · CIK 1861521
Status: no Form D since May 2021. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

MCG Asheville Pref, LLC is a real estate fund based in Charlotte, North Carolina. According to its most recent Form D, filed May 19, 2021, it has sold $550,000 of interests to 2 investors since its first sale in May 2021. 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 Ryan Hanks.

Total raised
$550,000Cumulative sales reported on Form D
Investors
2
First sale
May 7, 2021
Minimum investment
$50,000
Who can invest
Not stated
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Ryan Hanks
Latest Form D
May 19, 2021

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 MCG Asheville Pref, LLC

What is the minimum investment for MCG Asheville Pref, LLC?

According to its latest Form D, filed May 19, 2021, the minimum investment MCG Asheville Pref, LLC accepts from an outside investor is $50,000.

Who can invest in MCG Asheville Pref, LLC?

MCG Asheville Pref, 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 MCG Asheville Pref, LLC raised?

MCG Asheville Pref, LLC reports $550,000 sold from 2 investors on its Form D filed May 19, 2021. This is cumulative sales since the offering began, not current assets or performance.

Where is MCG Asheville Pref, LLC based?

MCG Asheville Pref, LLC is based in Charlotte, North Carolina.

When did MCG Asheville Pref, LLC launch?

MCG Asheville Pref, LLC reports its first sale in May 2021.

Size compared with every real estate fund

Raised more than 44% of the 294 real estate funds based in North Carolina, and more than 25% of all 7,321 that report sales.

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