SNP Development, LLC is a real estate fund based in Richmond, Virginia. According to its most recent Form D, filed Sep 12, 2017, it has sold $100,000 of interests to 1 investor since its first sale in Sep 2017. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Bryan Smith; Eric Phipps.
- Total raised
- $100,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Sep 5, 2017
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Bryan Smith; Eric Phipps
- Latest Form D
- Sep 12, 2017
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 SNP Development, LLC
What is the minimum investment for SNP Development, LLC?
According to its latest Form D, filed Sep 12, 2017, the minimum investment SNP Development, LLC accepts from an outside investor is $100,000.
Who can invest in SNP Development, LLC?
SNP Development, 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 SNP Development, LLC raised?
SNP Development, LLC reports $100,000 sold from 1 investor on its Form D filed Sep 12, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is SNP Development, LLC based?
SNP Development, LLC is based in Richmond, Virginia.
When did SNP Development, LLC launch?
SNP Development, LLC reports its first sale in Sep 2017.
Size compared with every real estate fund
Raised more than 34% of the 141 real estate funds based in Virginia, and more than 5% of all 7,322 that report sales.