SNP Summit, LLC is a real estate fund based in Mechanicsville, Virginia. According to its most recent Form D, filed Jan 18, 2019, it has sold $3,250,000 of interests to 15 investors since its first sale in Dec 2018. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Eric Phipps; Bryan Smith.
- Total raised
- $3,250,000Cumulative sales reported on Form D
- Investors
- 15
- First sale
- Dec 18, 2018
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Eric Phipps; Bryan Smith
- Latest Form D
- Jan 18, 2019
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 Summit, LLC
What is the minimum investment for SNP Summit, LLC?
According to its latest Form D, filed Jan 18, 2019, the minimum investment SNP Summit, LLC accepts from an outside investor is $50,000.
Who can invest in SNP Summit, LLC?
SNP Summit, 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 Summit, LLC raised?
SNP Summit, LLC reports $3,250,000 sold from 15 investors on its Form D filed Jan 18, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is SNP Summit, LLC based?
SNP Summit, LLC is based in Mechanicsville, Virginia.
When did SNP Summit, LLC launch?
SNP Summit, LLC reports its first sale in Dec 2018.
Size compared with every real estate fund
Raised more than 65% of the 141 real estate funds based in Virginia, and more than 56% of all 7,311 that report sales.