Form D · Residential

Otay Village 8 Lender, LLC

Carlsbad, CA · CIK 0001756721

Offering snapshot reported Nov 8, 2023 · SEC filing

Reported sold
$149M
Offering amount: $171M
Investors reported
243
Form D · investor count
Minimum accepted
$800K
Reported outside-investor minimum
First sale
Oct 12, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$74.4M$149MOct 26, 2018: $500,000.00Oct 26, 2018Oct 15, 2021: $92,232,688.00Oct 15, 2021Nov 4, 2022: $109,532,708.00Nov 4, 2022Nov 8, 2023: $148,800,908.00Nov 8, 2023

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$109,532,708 → $148,800,908
  • Reported investors194 → 243

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Nov 8, 2023Amendment$148,800,908$39,268,200vs Nov 4, 2022243SEC filing
Nov 4, 2022Amendment$109,532,708$17,300,020vs Oct 15, 2021194SEC filing
Oct 15, 2021Amendment$92,232,688$91,732,688vs Oct 26, 2018168SEC filing
Oct 26, 2018Initial$500,000No comparison1SEC filing

Offering details

Securities
Equity
Exemptions
06c
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$42.4M (estimated)
Form D file number
021-324466
$500,000.00 of the Total Amount Sold is in partial payments. $17,800,030.00 of the Total Amount Sold is deposited in escrow. Subscription for such escrowed amounts have not yet been accepted.
Amount provided is the total amount of commissions anticipated for the maximum number of potential investors, and includes both initial fees and amounts payable over time for duration of investment period.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Chalice Capital Partners, LLC28898
B.C.I. Co., Ltd.None
Global North Residency and Citizenship LLPNone
C Y Ltd.None
Madhusudan Infra-Realty Private LimitedNone
Sachin ChandavarkarNone
Venerable Company LimitedNone
Dalmore Group, LLC136352
Finalis Securities LLC305908

Source: Form D, filed Nov 8, 2023. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

OTAY VILLAGE 8 LENDER, LLC

Investment adviser: OTAY VILLAGE III MANAGER, LLC

Gross asset value
$82.1M
Beneficial owners
150
ADV minimum commitment
$500K

Reported in Form ADV on Aug 11, 2021. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor WEAVER AND TIDWELL, L.L.P. SAN DIEGO, California, United States
Custodian CALIFORNIA BANK & TRUST SAN DIEGO, California, United States Related to adviser: No
Marketer BETHER CAPITAL INC. SEOUL, Korea, South Related to adviser: No
Marketer C Y LIMITED HONG KONG, Hong Kong Related to adviser: No
Marketer DALMORE GROUP LLC WOODMERE, New York, United States Related to adviser: No
Marketer FINCASA CAPITAL DUBAI, United Arab Emirates Related to adviser: No
Marketer GLOBAL CITIZENSHIP PROFESSIONALS MUMBAI, India Related to adviser: No
Marketer KINGSWOOD CAPITAL PARTNERS, LLC SAN DIEGO, California, United States Related to adviser: No
Marketer KRISHNA GARG MUMBAI, India Related to adviser: No
Marketer MADHUSADAN INFRA-REALTY AHMEDABAD, India Related to adviser: No
Marketer OMNICOM CONSULTING MUMBAI, India Related to adviser: No
Marketer OVERSEAS CHINESE CAPITAL TAIPEI, Taiwan, Republic of China Related to adviser: No
Marketer SACHIN CHANDAVARKAR BANGALORE, India Related to adviser: No
Marketer SIGMA EB5 DUBAI, United Arab Emirates Related to adviser: No
Marketer SYCAMORE INTERNATIONAL TAIPEI, Taiwan, Republic of China Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

WEAVER AND TIDWELL, L.L.P.
PCAOB 410

CALIFORNIA BANK & TRUST
LEI SEOWCU674XO1FQ455O35

DALMORE GROUP LLC
CRD 136352 · SEC 8-67002

KINGSWOOD CAPITAL PARTNERS, LLC
CRD 288898 · SEC 8-69967

Filing source

Form ADV 1552218 · Aug 11, 2021 · Schedule D 7.B.(1), fund 805-3260456097

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Paul Borden Director, Executive
Chris Foulger Director, Executive
Llc Otay Village 8 Manager, Director
. Otay Village 8 Manager, Llc Director
N/A Otay Village 8 Manager, Llc Director
Erin N. Ruhe Director, Executive

Issuer details

Industry: Residential (See others in industry)

Address:
1903 Wright Place Suite 220
Carlsbad, CA, 92008