Spokane Development Fund, LLC is a real estate fund based in Issaquah, Washington. According to its most recent Form D, filed Feb 20, 2025, it has sold $4,000,000 of interests to 20 investors since its first sale in Feb 2025. The minimum investment it accepts from an outside investor is $20,000. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Kurt Ursich; Matthew Akers; Jeromy Salvesen.
- Total raised
- $4,000,000Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Feb 19, 2025
- Minimum investment
- $20,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Kurt Ursich; Matthew Akers; Jeromy Salvesen
- Latest Form D
- Feb 20, 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 Spokane Development Fund, LLC
What is the minimum investment for Spokane Development Fund, LLC?
According to its latest Form D, filed Feb 20, 2025, the minimum investment Spokane Development Fund, LLC accepts from an outside investor is $20,000.
Who can invest in Spokane Development Fund, LLC?
Spokane Development Fund, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Spokane Development Fund, LLC raised?
Spokane Development Fund, LLC reports $4,000,000 sold from 20 investors on its Form D filed Feb 20, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Spokane Development Fund, LLC based?
Spokane Development Fund, LLC is based in Issaquah, Washington.
When did Spokane Development Fund, LLC launch?
Spokane Development Fund, LLC reports its first sale in Feb 2025, 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 74% of the 284 real estate funds based in Washington, and more than 60% of all 7,337 that report sales.