Raising Funds Without A Syndication or PPM

[Account Closed]

Hey everyone, I wanted your opinion on the legality of raising funds without a syndication or ppm. When Syndicators raise funds for their deals, they typically use a 506B or 506C exclusion. The limited partners are equity shareholders of an LLC that owns real estate (the syndicated apartment building or other commercial asset).

What if you're raising money as debt? i.e. trying to raise money through a second lien position? Do you still need to create a ppm and limit your advertising to accredited and a limited amount of sophisticated investors?

Thanks!

[Michael Ablan]

@Account Closed -  Hey Sean!  We met at Joe Fairless's conference in Denver!  Glad to see you making big moves man.  Keep it up!

Are you taking on debt from many different people for 1 deal?