Pic Development 1, LLC is a real estate fund based in Irmo, South Carolina. According to its most recent Form D, filed Jan 10, 2023, it has sold $2,821,300 of interests to 21 investors. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Daniel Randazzo; Dan Handford; Brandon Abbott.
- Total raised
- $2,821,300Cumulative sales reported on Form D
- Investors
- 21
- First sale
- —
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Daniel Randazzo; Dan Handford; Brandon Abbott
- Latest Form D
- Jan 10, 2023
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 Pic Development 1, LLC
What is the minimum investment for Pic Development 1, LLC?
According to its latest Form D, filed Jan 10, 2023, the minimum investment Pic Development 1, LLC accepts from an outside investor is $25,000.
Who can invest in Pic Development 1, LLC?
Pic Development 1, 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 Pic Development 1, LLC raised?
Pic Development 1, LLC reports $2,821,300 sold from 21 investors on its Form D filed Jan 10, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Pic Development 1, LLC based?
Pic Development 1, LLC is based in Irmo, South Carolina.
Size compared with every real estate fund
Raised more than 57% of the 120 real estate funds based in South Carolina, and more than 53% of all 7,337 that report sales.