PropBidder Inc.
PropBidder Inc. is a real estate fund based in Newport Beach, California. According to its most recent Form D, filed Jan 19, 2024, it has sold $879,400 of interests to 10 investors since its first sale in May 2021. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Mikael Hastrup.
- Total raised
- $879,400Cumulative sales reported on Form D
- Investors
- 10
- First sale
- May 11, 2021
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Mikael Hastrup
- Latest Form D
- Jan 19, 2024
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 PropBidder Inc.
What is the minimum investment for PropBidder Inc.?
According to its latest Form D, filed Jan 19, 2024, the minimum investment PropBidder Inc. accepts from an outside investor is $25,000.
Who can invest in PropBidder Inc.?
PropBidder Inc. 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 PropBidder Inc. raised?
PropBidder Inc. reports $879,400 sold from 10 investors on its Form D filed Jan 19, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is PropBidder Inc. based?
PropBidder Inc. is based in Newport Beach, California.
When did PropBidder Inc. launch?
PropBidder Inc. reports its first sale in May 2021.
Size compared with every real estate fund
Raised more than 48% of the 1,091 real estate funds based in California, and more than 31% of all 7,337 that report sales.