SP 10 Preferred Equity, LLC is a real estate fund based in Scottsdale, Arizona. According to its most recent Form D, filed Jan 21, 2025, it has sold $7,689,100 of interests to 34 investors since its first sale in Dec 2023. The minimum investment it accepts from an outside investor is $20,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include John Loeffler II; Jennifer Schrader; Jade Leung.
- Total raised
- $7,689,100Cumulative sales reported on Form D
- Investors
- 34
- First sale
- Dec 18, 2023
- Minimum investment
- $20,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- John Loeffler II; Jennifer Schrader; Jade Leung
- Latest Form D
- Jan 21, 2025
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 SP 10 Preferred Equity, LLC
What is the minimum investment for SP 10 Preferred Equity, LLC?
According to its latest Form D, filed Jan 21, 2025, the minimum investment SP 10 Preferred Equity, LLC accepts from an outside investor is $20,000.
Who can invest in SP 10 Preferred Equity, LLC?
SP 10 Preferred Equity, 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 SP 10 Preferred Equity, LLC raised?
SP 10 Preferred Equity, LLC reports $7,689,100 sold from 34 investors on its Form D filed Jan 21, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is SP 10 Preferred Equity, LLC based?
SP 10 Preferred Equity, LLC is based in Scottsdale, Arizona.
When did SP 10 Preferred Equity, LLC launch?
SP 10 Preferred Equity, LLC reports its first sale in Dec 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 79% of the 347 real estate funds based in Arizona, and more than 74% of all 7,321 that report sales.
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