Wallace Development LLC
Wallace Development LLC is a real estate fund based in Cerritos. According to its most recent Form D, filed Feb 7, 2022, it has sold $750,000 of interests to 8 investors since its first sale in Jun 2021. The minimum investment it accepts from an outside investor is $10,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Philip Lee.
- Total raised
- $750,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Jun 28, 2021
- Minimum investment
- $10,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Philip Lee
- Latest Form D
- Feb 7, 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 Wallace Development LLC
What is the minimum investment for Wallace Development LLC?
According to its latest Form D, filed Feb 7, 2022, the minimum investment Wallace Development LLC accepts from an outside investor is $10,000.
Who can invest in Wallace Development LLC?
Wallace Development 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 Wallace Development LLC raised?
Wallace Development LLC reports $750,000 sold from 8 investors on its Form D filed Feb 7, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Wallace Development LLC based?
Wallace Development LLC is based in Cerritos.
When did Wallace Development LLC launch?
Wallace Development LLC reports its first sale in Jun 2021.