Investors
NORTHSHORE DEVELOPMENT, LLC (hereinafter referred to as the “Fund” or “Company”) is a Texas limited liability company. The Company is offering (the “Offering”) by means of a Private Placement Memorandum (the “Memorandum”) non-voting class A limited liability company membership units (“Class A Membership Units” or “Class A Units”) on a “best efforts” basis to qualified investors who meet the Investor Suitability standards as set forth in the Memorandum. The Company is offering a maximum of Twenty Thousand (20,000) Class A Membership Units at a price of One Thousand Dollars ($1,000) per every Class A Membership Unit for a maximum Offering amount of Twenty Million Dollars ($20,000,000) (the “Maximum Offering Amount”). The minimum investment amount (“Minimum Investment Amount”) is Two Hundred and Fifty Thousand Dollars ($250,000).
There are Two (2) classes of Membership Units, identified as “Class A Membership Units” and “Class B Membership Units”. Members who acquire Class A Membership Units shall be individually referred to as the “Class A Member” or collectively, “Class A Members.” Class B Membership Units have been issued to the Managers (“Class B Members”) of the Company and are not offered in this Offering, as further described in the Operating Agreement.
Class A Members and Class B Members shall collectively be referred to as the “Members.” Class B Membership Units shall represent Eighty Percent (80%) of the total outstanding issued Membership Units in the Company, unless as otherwise provided in the Operating Agreement.
Non-Domestic Investors
NSD offers investment opportunities to non-US citizens and residents through the Portfolio Interest Exemption Program (PIE).
Neither the securities and exchange commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this private placement memorandum. Any representation to the contrary is a criminal offense. this offering is made in reliance on an exemption from registration with the securities and exchange commission provided by section 4(a)(2) of the securities act of 1933, as amended (the “act”), and rule 506(c) of regulation D and regulation S promulgated thereunder.
This investment involves a degree of risk that may not be suitable for all persons. only those investors who have no need for liquidity and can bear the loss of a significant portion (or all) of their investment should participate in the investment.
Prospective Investors interested in Class A units should contact us through the Contact Us page.