South Bend 7, LLC is a real estate fund based in La Mesa, California. According to its most recent Form D, filed Dec 3, 2019, it has sold $360,000 of interests to 2 investors since its first sale in Jun 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 Leo Hefner.
- Total raised
- $360,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Jun 14, 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
- Leo Hefner
- Latest Form D
- Dec 3, 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
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Dec 3, 2019 | First notice | $360,000 | 2 | SEC.gov ↗ |
| Nov 23, 2016 | First notice | $406,092 | 10 | SEC.gov ↗ |
2 Form D filings in the SEC's electronic records (2008 onward), the earliest on Nov 23, 2016. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Questions about South Bend 7, LLC
What is the minimum investment for South Bend 7, LLC?
According to its latest Form D, filed Dec 3, 2019, the minimum investment South Bend 7, LLC accepts from an outside investor is $50,000.
Who can invest in South Bend 7, LLC?
South Bend 7, 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 South Bend 7, LLC raised?
South Bend 7, LLC reports $360,000 sold from 2 investors on its Form D filed Dec 3, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is South Bend 7, LLC based?
South Bend 7, LLC is based in La Mesa, California.
When did South Bend 7, LLC launch?
South Bend 7, LLC reports its first sale in Jun 2018.
Size compared with every real estate fund
Raised more than 40% of the 1,092 real estate funds based in California, and more than 21% of all 7,351 that report sales.