AltMountain

Proximity New Bern, LLC

Wilmington, NC · CIK 1952866
Status: no Form D since Nov 2022. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

Proximity New Bern, LLC is a real estate fund based in Wilmington, North Carolina. According to its most recent Form D, filed Nov 21, 2022, it has sold $14,348,032 of interests to 25 investors since its first sale in Nov 2022. The minimum investment it accepts from an outside investor is $125,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include William Schoettelkotte; Calvin Wells, Jr; Paul Loukas.

Total raised
$14,348,032Cumulative sales reported on Form D
Investors
25
First sale
Nov 8, 2022
Minimum investment
$125,000
Who can invest
Not stated
Offering exemption
Rule 506(b)No general advertising
Key people and entities
William Schoettelkotte; Calvin Wells, Jr; Paul Loukas
Latest Form D
Nov 21, 2022

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 Proximity New Bern, LLC

What is the minimum investment for Proximity New Bern, LLC?

According to its latest Form D, filed Nov 21, 2022, the minimum investment Proximity New Bern, LLC accepts from an outside investor is $125,000.

Who can invest in Proximity New Bern, LLC?

Proximity New Bern, LLC 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 Proximity New Bern, LLC raised?

Proximity New Bern, LLC reports $14,348,032 sold from 25 investors on its Form D filed Nov 21, 2022. This is cumulative sales since the offering began, not current assets or performance.

Where is Proximity New Bern, LLC based?

Proximity New Bern, LLC is based in Wilmington, North Carolina.

When did Proximity New Bern, LLC launch?

Proximity New Bern, LLC reports its first sale in Nov 2022.

Size compared with every real estate fund

Raised more than 91% of the 294 real estate funds based in North Carolina, and more than 83% of all 7,321 that report sales.

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