Form D · Residential

Somerset Multifamily Investors Fund I, LLC

New York, NY · CIK 0001524120

Offering snapshot reported Apr 30, 2013 · SEC filing

Reported sold
$8.52M
Offering amount: $25M
Investors reported
41
Form D · investor count
Minimum accepted
$25K
Reported outside-investor minimum
First sale
Dec 12, 2011
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$4.26M$8.52MJun 24, 2011Feb 24, 2012: $1,015,000.00Feb 24, 2012Apr 30, 2013: $8,515,102.00Apr 30, 2013

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$1,015,000 → $8,515,102
  • Reported investors12 → 41

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Apr 30, 2013Amendment$8,515,102$7,500,102vs Feb 24, 201241SEC filing
Feb 24, 2012Amendment$1,015,000No comparison12SEC filing
Jun 24, 2011InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity
Exemptions
06
Duration over one year
Yes
Business combination
No
Sales commissions
$2.5M (estimated)
Finders' fees
$0
Form D file number
021-161829
Manager has right to increase to $50,000,000.
Selling Commissions - $1,750,000, Managing Broker/Dealer Fee - $250,000, Wholesaling Fee - $250,000, Marketing and Due Diligence Expenses - $250,000

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Karl Delane Leonard1542258Sandlapper Securities, LLC · CRD 137906
Anthony Diaz4131948IBN Financial Services, Inc. · CRD 42360
Orlando C. Fernandez1980142Sandlapper Securities, LLC · CRD 137906
Skye Reagon Caradonna4788211Enclave Capital, LLC · CRD 22732

Source: Form D, filed Apr 30, 2013. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

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
Joseph P. Monteleone Executive
1 Somerset Investors Fund Manager, Llc Promoter
David Spies Executive
Philip Welch Executive

Issuer details

Industry: Residential (See others in industry)

Address:
C/O Somerset Investors Fund Manager, Llc 450 Park Avenue, 25 Th Floor
New York, NY, 10022