Prep Initiatives, LLC is a real estate fund based in Atlanta, Georgia. According to its most recent Form D, filed Dec 13, 2016, it has sold $363,457 of interests to 11 investors since its first sale in Dec 2016. The minimum investment it accepts from an outside investor is $2,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Mitchel Jaffe; Michele Jaffe; Doug Marranci.
- Total raised
- $363,457Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Dec 7, 2016
- Minimum investment
- $2,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Mitchel Jaffe; Michele Jaffe; Doug Marranci
- Latest Form D
- Dec 13, 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 Prep Initiatives, LLC
What is the minimum investment for Prep Initiatives, LLC?
According to its latest Form D, filed Dec 13, 2016, the minimum investment Prep Initiatives, LLC accepts from an outside investor is $2,000.
Who can invest in Prep Initiatives, LLC?
Prep Initiatives, 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 Prep Initiatives, LLC raised?
Prep Initiatives, LLC reports $363,457 sold from 11 investors on its Form D filed Dec 13, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Prep Initiatives, LLC based?
Prep Initiatives, LLC is based in Atlanta, Georgia.
When did Prep Initiatives, LLC launch?
Prep Initiatives, LLC reports its first sale in Dec 2016.
Size compared with every real estate fund
Raised more than 51% of the 493 real estate funds based in Georgia, and more than 22% of all 7,316 that report sales.