Varde Scratch & Dent Sub REIT LLC
Varde Scratch & Dent Sub REIT LLC is a real estate fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Jan 4, 2016, it has sold $125,000 of interests to 125 investors since its first sale in Dec 2015. The minimum investment it accepts from an outside investor is $1,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Rick Noel; Andrew Lenk; Marcia Page.
- Total raised
- $125,000Cumulative sales reported on Form D
- Investors
- 125
- First sale
- Dec 22, 2015
- Minimum investment
- $1,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Rick Noel; Andrew Lenk; Marcia Page
- Latest Form D
- Jan 4, 2016
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 Varde Scratch & Dent Sub REIT LLC
What is the minimum investment for Varde Scratch & Dent Sub REIT LLC?
According to its latest Form D, filed Jan 4, 2016, the minimum investment Varde Scratch & Dent Sub REIT LLC accepts from an outside investor is $1,000.
Who can invest in Varde Scratch & Dent Sub REIT LLC?
Varde Scratch & Dent Sub REIT LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Varde Scratch & Dent Sub REIT LLC raised?
Varde Scratch & Dent Sub REIT LLC reports $125,000 sold from 125 investors on its Form D filed Jan 4, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Varde Scratch & Dent Sub REIT LLC based?
Varde Scratch & Dent Sub REIT LLC is based in Minneapolis, Minnesota.
When did Varde Scratch & Dent Sub REIT LLC launch?
Varde Scratch & Dent Sub REIT LLC reports its first sale in Dec 2015.
Size compared with every real estate fund
Raised more than 29% of the 195 real estate funds based in Minnesota, and more than 8% of all 7,351 that report sales.