SRC Terraces CI, LLC
SRC Terraces CI, LLC is a real estate fund based in Birmingham, Alabama. According to its most recent Form D, filed Oct 12, 2022, it has sold $17,200,000 of interests to 17 investors since its first sale in Sep 2022. The minimum investment it accepts from an outside investor is $200,000. 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 Colin Moorhouse; Joseph Welden, III; Jeff Harris.
- Total raised
- $17,200,000Cumulative sales reported on Form D
- Investors
- 17
- First sale
- Sep 30, 2022
- Minimum investment
- $200,000
- 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
- Colin Moorhouse; Joseph Welden, III; Jeff Harris
- Latest Form D
- Oct 12, 2022
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 Terraces CI, LLC
What is the minimum investment for SRC Terraces CI, LLC?
According to its latest Form D, filed Oct 12, 2022, the minimum investment SRC Terraces CI, LLC accepts from an outside investor is $200,000.
Who can invest in SRC Terraces CI, LLC?
SRC Terraces 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 Terraces CI, LLC raised?
SRC Terraces CI, LLC reports $17,200,000 sold from 17 investors on its Form D filed Oct 12, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is SRC Terraces CI, LLC based?
SRC Terraces CI, LLC is based in Birmingham, Alabama.
When did SRC Terraces CI, LLC launch?
SRC Terraces CI, LLC reports its first sale in Sep 2022.
Size compared with every real estate fund
Raised more than 96% of the 90 real estate funds based in Alabama, and more than 86% of all 7,311 that report sales.