Shorecrest Select Preferred, LLC is a real estate fund based in Norfolk, Virginia. According to its most recent Form D, filed Jul 7, 2015, it has sold $12,420,000 of interests to 72 investors since its first sale in Jun 2015. The minimum investment it accepts from an outside investor is $20,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Jordan Slone; Jay Zwiebel; Saul Lubetski.
- Total raised
- $12,420,000Cumulative sales reported on Form D
- Investors
- 72
- First sale
- Jun 24, 2015
- Minimum investment
- $20,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jordan Slone; Jay Zwiebel; Saul Lubetski
- Latest Form D
- Jul 7, 2015
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 Shorecrest Select Preferred, LLC
What is the minimum investment for Shorecrest Select Preferred, LLC?
According to its latest Form D, filed Jul 7, 2015, the minimum investment Shorecrest Select Preferred, LLC accepts from an outside investor is $20,000.
Who can invest in Shorecrest Select Preferred, LLC?
Shorecrest Select Preferred, LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Shorecrest Select Preferred, LLC raised?
Shorecrest Select Preferred, LLC reports $12,420,000 sold from 72 investors on its Form D filed Jul 7, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is Shorecrest Select Preferred, LLC based?
Shorecrest Select Preferred, LLC is based in Norfolk, Virginia.
When did Shorecrest Select Preferred, LLC launch?
Shorecrest Select Preferred, LLC reports its first sale in Jun 2015.
Size compared with every real estate fund
Raised more than 92% of the 142 real estate funds based in Virginia, and more than 82% of all 7,350 that report sales.