SRC Concord Ridge CI, LLC
SRC Concord Ridge CI, LLC is a real estate fund based in Birmingham, Alabama. According to its most recent Form D, filed Jul 10, 2023, it has sold $15,942,000 of interests to 32 investors since its first sale in Jun 2023. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include SRC Concord Ridge CI Manager LLC; Jeff Harris; Benny LaRussa, Jr.
- Total raised
- $15,942,000Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Jun 30, 2023
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- SRC Concord Ridge CI Manager LLC; Jeff Harris; Benny LaRussa, Jr
- Latest Form D
- Jul 10, 2023
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 SRC Concord Ridge CI, LLC
What is the minimum investment for SRC Concord Ridge CI, LLC?
According to its latest Form D, filed Jul 10, 2023, the minimum investment SRC Concord Ridge CI, LLC accepts from an outside investor is $100,000.
Who can invest in SRC Concord Ridge CI, LLC?
SRC Concord Ridge CI, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has SRC Concord Ridge CI, LLC raised?
SRC Concord Ridge CI, LLC reports $15,942,000 sold from 32 investors on its Form D filed Jul 10, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is SRC Concord Ridge CI, LLC based?
SRC Concord Ridge CI, LLC is based in Birmingham, Alabama.
When did SRC Concord Ridge CI, LLC launch?
SRC Concord Ridge CI, LLC reports its first sale in Jun 2023.
Size compared with every real estate fund
Raised more than 95% of the 91 real estate funds based in Alabama, and more than 85% of all 7,321 that report sales.