Prolegacy Fund, LLC is a real estate fund based in Boca Raton, Florida. According to its most recent Form D, filed Oct 10, 2019, it has sold $5,400,000 of interests to 5 investors since its first sale in Dec 2018. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Rafael Hernandez.
- Total raised
- $5,400,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Dec 10, 2018
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Rafael Hernandez
- Latest Form D
- Oct 10, 2019
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 Prolegacy Fund, LLC
What is the minimum investment for Prolegacy Fund, LLC?
According to its latest Form D, filed Oct 10, 2019, the minimum investment Prolegacy Fund, LLC accepts from an outside investor is $50,000.
Who can invest in Prolegacy Fund, LLC?
Prolegacy Fund, 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 Prolegacy Fund, LLC raised?
Prolegacy Fund, LLC reports $5,400,000 sold from 5 investors on its Form D filed Oct 10, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Prolegacy Fund, LLC based?
Prolegacy Fund, LLC is based in Boca Raton, Florida.
When did Prolegacy Fund, LLC launch?
Prolegacy Fund, LLC reports its first sale in Dec 2018.
Size compared with every real estate fund
Raised more than 70% of the 618 real estate funds based in Florida, and more than 67% of all 7,350 that report sales.