SRC Ridge CI, LLC
SRC Ridge CI, LLC is a real estate fund based in Birmingham, Alabama. According to its most recent Form D, filed Apr 1, 2021, it has sold $9,156,500 of interests to 18 investors since its first sale in Mar 2021. 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 Ridge CI Manager LLC; Benny LaRussa, Jr; Jeff Harris.
- Total raised
- $9,156,500Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Mar 25, 2021
- 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 Ridge CI Manager LLC; Benny LaRussa, Jr; Jeff Harris
- Latest Form D
- Apr 1, 2021
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 Ridge CI, LLC
What is the minimum investment for SRC Ridge CI, LLC?
According to its latest Form D, filed Apr 1, 2021, the minimum investment SRC Ridge CI, LLC accepts from an outside investor is $100,000.
Who can invest in SRC Ridge CI, LLC?
SRC 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 Ridge CI, LLC raised?
SRC Ridge CI, LLC reports $9,156,500 sold from 18 investors on its Form D filed Apr 1, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is SRC Ridge CI, LLC based?
SRC Ridge CI, LLC is based in Birmingham, Alabama.
When did SRC Ridge CI, LLC launch?
SRC Ridge CI, LLC reports its first sale in Mar 2021.
Size compared with every real estate fund
Raised more than 78% of the 90 real estate funds based in Alabama, and more than 77% of all 7,322 that report sales.