Step One: To invest in any Regulation D direct participation programs offered by our affiliates, you must meet at least one of the SEC accreditation requirements detailed in the following Qualified Investor Requirements & Attestation section. You will then be designated as an “accredited investor” as defined under Rule 506 of Regulation D of the Securities Act of 1933.
1) The investor has an individual “net worth” or “joint net worth” with spouse, in excess of $1,000,000 at the time of the purchase of the investment, exclusive of the value of the primary residence (except to the extent that the amount of the mortgage on the primary residence exceeds the value of the residence).
2) The investor has an annual income in excess of $200,000 or a joint annual income with spouse in excess of $300,000 in the past two calendar years and reasonably expects to have the same income level this year.
3) The investor is a corporation, partnership, trust, LLC or other entity with total assets in excess of $5,000,000 (and not formed for the specific purpose of acquiring the securities being offered, and whose purchase is directed by a sophisticated person).
4) The investor is an entity in which all of the equity owners individually are accredited investors as described in either 1 or 2 above.
5) The investor is a non-profit organization with assets in excess of $5,000,000.
6) The investor is a private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940.
Step Two: Before your investment will be accepted, you will be required to provide one of the following from either Section 1 or Section 2 below:
Third party verification – an attestation letter signed by one of the following verifying that you meet one or more of the required accreditation criteria:
Bank or other financial institution
Documentary evidence of Self-Verification — please provide one of the following items:
Bank statement, brokerage statement, evidence of certificates of deposit, tax assessments
Copies of any IRS forms that report income: W-2, Form 1099, Schedule K-1, Pages 1–2 of filed Form 1040 for the two most recent years with the expectation of same income level for current year.
Signed balance sheet or income statement
Consumer Credit Report from at least one of the nationwide consumer reporting agencies
IF YOU HAVE QUESTIONS OR NEED ASSISTANCE PROVIDING ANY OF THESE ITEMS, PLEASE CALL OUR OFFICE AT
917-719-1360 AND WE WILL BE HAPPY TO ASSIST YOU.