Michterraces, LLC is a real estate fund based in San Diego, California. According to its most recent Form D, filed May 31, 2016, it has sold $900,000 of interests to 10 investors since its first sale in Feb 2016. The minimum investment it accepts from an outside investor is $250,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Carlos Michan; David Michan.
- Total raised
- $900,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Feb 29, 2016
- Minimum investment
- $250,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Carlos Michan; David Michan
- Latest Form D
- May 31, 2016
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 Michterraces, LLC
What is the minimum investment for Michterraces, LLC?
According to its latest Form D, filed May 31, 2016, the minimum investment Michterraces, LLC accepts from an outside investor is $250,000.
Who can invest in Michterraces, LLC?
Michterraces, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Michterraces, LLC raised?
Michterraces, LLC reports $900,000 sold from 10 investors on its Form D filed May 31, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Michterraces, LLC based?
Michterraces, LLC is based in San Diego, California.
When did Michterraces, LLC launch?
Michterraces, LLC reports its first sale in Feb 2016.
Size compared with every real estate fund
Raised more than 48% of the 1,095 real estate funds based in California, and more than 31% of all 7,349 that report sales.