SLC Development Fund I, LLC
SLC Development Fund I, LLC is a real estate fund based in Franklin, Tennessee. According to its most recent Form D, filed May 27, 2016, it has sold $7,000,000 of interests to 12 investors since its first sale in May 2016. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Timothy Downey; Kenneth Howell, Jr; Matt Magallanes.
- Total raised
- $7,000,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- May 20, 2016
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Timothy Downey; Kenneth Howell, Jr; Matt Magallanes
- Latest Form D
- May 27, 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 SLC Development Fund I, LLC
What is the minimum investment for SLC Development Fund I, LLC?
According to its latest Form D, filed May 27, 2016, the minimum investment SLC Development Fund I, LLC accepts from an outside investor is $100,000.
Who can invest in SLC Development Fund I, LLC?
SLC Development Fund I, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has SLC Development Fund I, LLC raised?
SLC Development Fund I, LLC reports $7,000,000 sold from 12 investors on its Form D filed May 27, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is SLC Development Fund I, LLC based?
SLC Development Fund I, LLC is based in Franklin, Tennessee.
When did SLC Development Fund I, LLC launch?
SLC Development Fund I, LLC reports its first sale in May 2016.
Size compared with every real estate fund
Raised more than 86% of the 118 real estate funds based in Tennessee, and more than 72% of all 7,350 that report sales.