MCI Preferred Income Fund II, LLC 2026: Is It Legit? Form D Raise, Investors, Who Is Behind It

Q: What is MCI Preferred Income Fund II, LLC?

MCI Preferred Income Fund II, LLC is a Delaware limited liability company that filed a Form D with the SEC on June 15, 2020 in the Other Real Estate industry group. The filing claims Rule 506(b) for an offering of equity.

Q: Is MCI Preferred Income Fund II, LLC legit?

AltStreet does not rate legitimacy; it reports the public record. MCI Preferred Income Fund II, LLC filed a Form D with the SEC on June 15, 2020 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $189,767,181 sold to 1,952 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Q: Is MCI Preferred Income Fund II, LLC registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that MCI Preferred Income Fund II, LLC claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

Q: How much has MCI Preferred Income Fund II, LLC raised?

MCI Preferred Income Fund II, LLC reported $189,767,181 sold from 1,952 investors of a $200,000,000 total offering as of the Form D filed June 15, 2020.

Q: Who can invest in MCI Preferred Income Fund II, LLC?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $25,000.

Q: What is the minimum investment in MCI Preferred Income Fund II, LLC?

The Form D lists $25,000 as the minimum investment accepted from any outside investor as of June 15, 2020. Issuers can waive their own minimums, and the figure does not include fees.

Q: Who is selling MCI Preferred Income Fund II, LLC and how are they paid?

The Form D names International Assets Advisory, LLC (CRD 10645), associated with None; PHX Financial, Inc. (CRD 144403), associated with None; Center Street Securities, Inc. (CRD 26898), associated with None; Emerson Equity, LLC (CRD 130032), associated with None and 36 others as recipients of sales compensation soliciting in all states.

Q: Who is behind MCI Preferred Income Fund II, LLC?

The Form D lists 4 related persons: Arash Afzalipour, executive officer, director, promoter (Co-President of the Filer's Manager); Armin Afzalipour, executive officer, director, promoter (Co-President of the Filer's Manager); MCI Holdings, LLC, director (Sole Member of the Filer); Megatel Capital Investment, LLC, director (Sole Manager of the Filer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Q: Where is MCI Preferred Income Fund II, LLC located?

The issuer's address on its SEC filings is 1800 Valley View Lane, Suite 400, Farmers Branch, TX 75234. Its phone number of record is 8884183730. It is organized under the laws of Delaware.

Q: How long is the MCI Preferred Income Fund II, LLC offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 8 amendments are on record for this CIK.

AltStreetEDGAR DatabaseMCI Preferred Income Fund II, LLC
SEC filing record
Primary Source · SEC.gov
MCI Preferred Income Fund II, LLC2017 vintageRule 506(b)Filing record
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$190M
Investors
1,952
Min Invest
$25,000
Is this your company or fund? Claim this page free, or verify it and carry the Verified Issuer mark.
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What this filing shows·Every sentence is a value as filed on SEC Form D
MCI Preferred Income Fund II, LLC is a Delaware limited liability company that first filed a Form D on October 12, 2017 and most recently amended it on June 15, 2020 in the Other Real Estate industry group. The offering claims Rule 506(b) and covers equity. MCI Preferred Income Fund II, LLC reported $189,767,181 sold from 1,952 investors of a $200,000,000 total offering as of the Form D filed June 15, 2020. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $25,000. The Form D names International Assets Advisory, LLC (CRD 10645), associated with None; PHX Financial, Inc. (CRD 144403), associated with None; Center Street Securities, Inc. (CRD 26898), associated with None; Emerson Equity, LLC (CRD 130032), associated with None and 36 others as recipients of sales compensation soliciting in all states. The issuer's address of record is 1800 Valley View Lane, Suite 400, Farmers Branch, TX 75234.
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing June 15, 2020
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
Timeline 
Each line is a fact as filed. The history behind it, the same event across other issuers, and an alert on the next one:Open in the terminal Watch this issuer 
EDGAR Filing Data
Form D — Primary Source
View on SEC.gov 
CIK Number0001713236
Entity NameMCI Preferred Income Fund II, LLC
ExemptionRule 506(b)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationDelaware
Issuer Address1800 Valley View Lane, Suite 400, Farmers Branch, TX 75234
Phone(888) 418-3730
Industry / Fund TypeOther Real Estate
Securities TypeEquity
First Sale DateOctober 31, 2017
Filing DateJune 15, 2020
Accession Number0001713236-20-000001
Total Offering Amount$200,000,000
Total Amount Sold$189,767,181
Amount Remaining$10,232,819
Total Investors1,952
Non-Accredited InvestorsNone
Minimum Investment$25,000
Offering DurationIntended to last more than one year
Revenue RangeDecline to Disclose
State (Issuer Address)TX
Amendment Count9 filings on record
Filings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
D/AJune 15, 20200001713236-20-000001D/AOctober 24, 20190001713236-19-000003D/AAugust 5, 20190001713236-19-000002D/AJune 13, 20190001713236-19-000001D/AOctober 1, 20180001713236-18-000005D/AAugust 31, 20180001713236-18-000003D/AJuly 11, 20180001713236-18-000002D/AApril 6, 20180001713236-18-000001DOctober 12, 20170001713236-17-000002
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Open in the terminal Watch this issuerInvestor $149/mo unlocks the values; Pro $349/mo adds the universe.
Fund family Part of the MCI Preferred Income Fund family: 5 vehicles across 5 generations · full family and the filing behind each link in the terminal
Investor
The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Arash Afzalipour
Executive Officer, Director, Promoter · Dallas, TX
Co-President of the Filer's Manager
Armin Afzalipour
Executive Officer, Director, Promoter · Dallas, TX
Co-President of the Filer's Manager
MCI Holdings, LLC
Director · Dallas, TX
Sole Member of the Filer
Megatel Capital Investment, LLC
Director · Dallas, TX
Sole Manager of the Filer
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
International Assets Advisory, LLCCRD 10645 on BrokerCheck 
Associated broker-dealer: None · Orlando, FL · Soliciting in all states
PHX Financial, Inc.CRD 144403 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in all states
Center Street Securities, Inc.CRD 26898 on BrokerCheck 
Associated broker-dealer: None · Nashville, TN · Soliciting in all states
Emerson Equity, LLCCRD 130032 on BrokerCheck 
Associated broker-dealer: None · San Mateo, CA · Soliciting in all states
KCD Financial, Inc.CRD 127473 on BrokerCheck 
Associated broker-dealer: None · Green Bay, WI · Soliciting in AL, AR, AZ, CA, CO, CT, DC, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
Coastal Equities, Inc.CRD 23769 on BrokerCheck 
Associated broker-dealer: None · Wilmington, DE · Soliciting in all states
Dempsey Lord Smith, LLCCRD 141238 on BrokerCheck 
Associated broker-dealer: None · Rome, GA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI, WY
Ausdal Financial Partners, Inc.CRD 7995 on BrokerCheck 
Associated broker-dealer: None · Davenport, IA · Soliciting in all states
Cabot Lodge Securities LLCCRD 159712 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in all states
Cape Securities Inc.CRD 7072 on BrokerCheck 
Associated broker-dealer: None · McDonough, GA · Soliciting in all states
Great Point Capital LLCCRD 114203 on BrokerCheck 
Associated broker-dealer: None · Chicago, IL · Soliciting in CA, CO, FL, GA, IA, IL, MI, NJ, NV, NY, OH, TX, VA, WI
J.K. Financial Services, Inc.CRD 103728 on BrokerCheck 
Associated broker-dealer: None · Norco, CA · Soliciting in CA, GA
Newbridge Securities CorporationCRD 104065 on BrokerCheck 
Associated broker-dealer: None · Boca Raton, FL · Soliciting in all states
NI AdvisorsCRD 134502 on BrokerCheck 
Associated broker-dealer: None · Oaklan, CA · Soliciting in CA, FL, MA, MD, ME, MI, NJ, NV, NY, OR, PA
RelyOn Financial Advisors, LLCCRD 269934 on BrokerCheck 
Associated broker-dealer: None · Allen, TX · Soliciting in TX
Taylor Capital Management, Inc.CRD 43559 on BrokerCheck 
Associated broker-dealer: None · Woodstock, GA · Soliciting in AK, AL, AZ, CA, GA, IL, IN, MT, NJ, NY, OR, SD
Whitehall Parker Securities, Inc.CRD 10608 on BrokerCheck 
Associated broker-dealer: None · San Francisco, CA · Soliciting in AZ, CA, CO, ID, NV, NY, OR, TX, WA
Dakota Securities International, Inc.CRD 132700 on BrokerCheck 
Associated broker-dealer: None · Miami, FL · Soliciting in CO, FL, GA, MD, VA, WV
Network 1 Financial Securities, Inc.CRD 13577 on BrokerCheck 
Associated broker-dealer: None · Red Bank, NJ · Soliciting in CT, FL, GA, NC, NJ, NY, OR, PA, TX
Capital City Securities, LLCCRD 146001 on BrokerCheck 
Associated broker-dealer: None · Columbus, OH · Soliciting in AZ, CA, CO, FL, HI, IA, IL, IN, KY, MA, MI, NC, NJ, NY, OH, PA, SC, TX, VA
Heritage Financial Systems, Inc.CRD 133019 on BrokerCheck 
Associated broker-dealer: None · Malvern, PA · Soliciting in CO, DE, FL, MA, MD, MO, NE, NJ, NY, PA, TX, VA, WA
Bain Wealth Management Group, LLCCRD 281066 on BrokerCheck 
Associated broker-dealer: None · Salem, OR · Soliciting in OR
Intercarolina Financial Services, Inc.CRD 19475 on BrokerCheck 
Associated broker-dealer: None · Greensboro, NC · Soliciting in AL, AZ, CA, FL, GA, IA, IL, KY, MA, MD, MN, NC, NJ, NY, OH, PA, SC, TN, TX, VA, WA, WI, WV
Investment Security CorporationCRD 47536 on BrokerCheck 
Associated broker-dealer: None · Calabasas, CA · Soliciting in AZ, CA, FL, IL, MA, MS, OR, TX, UT, WY
The Strategic Financial AllianceCRD 126514 on BrokerCheck 
Associated broker-dealer: None · Altanta, GA · Soliciting in all states
Capital Financial Services, Inc.CRD 8408 on BrokerCheck 
Associated broker-dealer: None · Minot, ND · Soliciting in ND, OK
Claraphi Advisory Network, LLCCRD 165868 on BrokerCheck 
Associated broker-dealer: None · Laguna Hills, CA · Soliciting in AZ, CA, FL, GA, HI, NE, NJ, NY, OH, OK, OR, PA, TX, VA, WA, WI
Kingsbury Capital, Inc.CRD 7638 on BrokerCheck 
Associated broker-dealer: None · Evanston, IL · Soliciting in AZ, CA, CO, DC, FL, IL, NY, OH, TX, WA, WI
Western International Securities, Inc.CRD 39262 on BrokerCheck 
Associated broker-dealer: None · Pasedena, CA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Accelerated Capital Group, Inc.CRD 41270 on BrokerCheck 
Associated broker-dealer: None · Costa Mesa, CA · Soliciting in AR, AZ, CA, CO, FL, GA, IN, KS, KY, MA, MI, MN, NJ, NM, NV, NY, OR, SC, TX, UT, WA, WI
Aegis Capital Corp.CRD 15007 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in all states
Alexander Capital, L.P.CRD 40077 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in all states
Coppell Advisory Solutions, LLCCRD 156549 on BrokerCheck 
Associated broker-dealer: None · Coppell, TX · Soliciting in AL, AR, AZ, CA, CO, FL, GA, IA, IL, IN, KS, LA, MA, ME, MI, MO, MS, NC, NE, NH, NJ, NV, NY, OH, OK, OR, PA, WA, WI, WV
New Frontier Financial Advisory, LLCCRD 147055 on BrokerCheck 
Associated broker-dealer: None · Greenwood Village, CO · Soliciting in CO
Strategic Advisors, Inc.CRD 126045 on BrokerCheck 
Associated broker-dealer: None · Atlanta, GA · Soliciting in GA
Purshe Kaplan Sterling Investments, Inc.CRD 35747 on BrokerCheck 
Associated broker-dealer: None · Albany, NY · Soliciting in all states
Grand Parkway Capital, LLCCRD 149775 on BrokerCheck 
Associated broker-dealer: None · Katy, TX · Soliciting in TX
Great Nation Investment CorporationCRD 19981 on BrokerCheck 
Associated broker-dealer: None · Amarillo, TX · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NJ, NM, NV, NY, OH, OK, OR, PA, PR, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
Capital Markets IQ, LLCCRD 134921 on BrokerCheck 
Associated broker-dealer: None · Wilmington, DE · Soliciting in AR, AZ, CA, CO, DE, FL, GA, IL, LA, MA, MI, MO, NC, NE, NY, PA, TX, VA
Joseph Stone Capital, L.L.C.CRD 159744 on BrokerCheck 
Associated broker-dealer: None · Mineola, NY · Soliciting in all states
Questions About MCI Preferred Income Fund II, LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is MCI Preferred Income Fund II, LLC?MCI Preferred Income Fund II, LLC is a Delaware limited liability company that filed a Form D with the SEC on June 15, 2020 in the Other Real Estate industry group. The filing claims Rule 506(b) for an offering of equity.
Is MCI Preferred Income Fund II, LLC legit?AltStreet does not rate legitimacy; it reports the public record. MCI Preferred Income Fund II, LLC filed a Form D with the SEC on June 15, 2020 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $189,767,181 sold to 1,952 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is MCI Preferred Income Fund II, LLC registered with or approved by the SEC?No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that MCI Preferred Income Fund II, LLC claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has MCI Preferred Income Fund II, LLC raised?MCI Preferred Income Fund II, LLC reported $189,767,181 sold from 1,952 investors of a $200,000,000 total offering as of the Form D filed June 15, 2020.
Who can invest in MCI Preferred Income Fund II, LLC?The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $25,000.
What is the minimum investment in MCI Preferred Income Fund II, LLC?The Form D lists $25,000 as the minimum investment accepted from any outside investor as of June 15, 2020. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling MCI Preferred Income Fund II, LLC and how are they paid?The Form D names International Assets Advisory, LLC (CRD 10645), associated with None; PHX Financial, Inc. (CRD 144403), associated with None; Center Street Securities, Inc. (CRD 26898), associated with None; Emerson Equity, LLC (CRD 130032), associated with None and 36 others as recipients of sales compensation soliciting in all states.
Who is behind MCI Preferred Income Fund II, LLC?The Form D lists 4 related persons: Arash Afzalipour, executive officer, director, promoter (Co-President of the Filer's Manager); Armin Afzalipour, executive officer, director, promoter (Co-President of the Filer's Manager); MCI Holdings, LLC, director (Sole Member of the Filer); Megatel Capital Investment, LLC, director (Sole Manager of the Filer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is MCI Preferred Income Fund II, LLC located?The issuer's address on its SEC filings is 1800 Valley View Lane, Suite 400, Farmers Branch, TX 75234. Its phone number of record is 8884183730. It is organized under the laws of Delaware.
How long is the MCI Preferred Income Fund II, LLC offering open?The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 8 amendments are on record for this CIK.
What is MCI Preferred Income Fund II, LLC's revenue?The issuer declined to disclose its revenue range on the Form D, which the form permits.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.