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

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

MCI Preferred Income Fund IV, LLC is a Delaware limited liability company that filed a Form D with the SEC on October 4, 2022 in the Other Real Estate industry group. The filing claims Rule 506(b) for an offering of equity.

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

AltStreet does not rate legitimacy; it reports the public record. MCI Preferred Income Fund IV, LLC filed a Form D with the SEC on October 4, 2022 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 $139,896,323 sold to 1,643 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 IV, 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 IV, 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 IV, LLC raised?

MCI Preferred Income Fund IV, LLC reported $139,896,323 sold from 1,643 investors of a $500,000,000 total offering as of the Form D filed October 4, 2022.

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

The Form D lists $25,000 as the minimum investment accepted from any outside investor as of October 4, 2022. Issuers can waive their own minimums, and the figure does not include fees.

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

The Form D names International Assets Advisory, LLC (CRD 10645), associated with None; Cabot Lodge Securities LLC (CRD 159712), associated with None; Westpark Wealth Advisors, Inc. (CRD 130914), associated with None; Benchmark Investments, Inc. (CRD 103792), associated with None and 36 others as recipients of sales compensation soliciting in all states.

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

The Form D lists 4 related persons: Armin Afzalipour, executive officer, director, promoter (Co-President of the Filer's Manager); Arash Afzalipour, executive officer, director, promoter (Co-President of the Filer's Manager); MCI Holdings, LLC, director (Sole Common Member of the Filer); Megatel Capital Investment, LLC, director, promoter (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 IV, LLC located?

The issuer's address on its SEC filings is 2101 Cedar Springs Road, Suite 700, Dallas, TX 75201. Its phone number of record is 888-418-3730. It is organized under the laws of Delaware.

Q: How long is the MCI Preferred Income Fund IV, 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; 5 amendments are on record for this CIK.

AltStreetEDGAR DatabaseMCI Preferred Income Fund IV, LLC
SEC filing record
Primary Source · SEC.gov
MCI Preferred Income Fund IV, LLC2019 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
$140M
Investors
1,643
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 IV, LLC is a Delaware limited liability company that first filed a Form D on July 25, 2019 and most recently amended it on October 4, 2022 in the Other Real Estate industry group. The offering claims Rule 506(b) and covers equity. MCI Preferred Income Fund IV, LLC reported $139,896,323 sold from 1,643 investors of a $500,000,000 total offering as of the Form D filed October 4, 2022. 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; Cabot Lodge Securities LLC (CRD 159712), associated with None; Westpark Wealth Advisors, Inc. (CRD 130914), associated with None; Benchmark Investments, Inc. (CRD 103792), associated with None and 36 others as recipients of sales compensation soliciting in all states. The issuer's address of record is 2101 Cedar Springs Road, Suite 700, Dallas, TX 75201.
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 October 4, 2022
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 Number0001774415
Entity NameMCI Preferred Income Fund IV, 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 Address2101 Cedar Springs Road, Suite 700, Dallas, TX 75201
Phone(888) 418-3730
Industry / Fund TypeOther Real Estate
Securities TypeEquity
First Sale DateAugust 27, 2019
Filing DateOctober 4, 2022
Accession Number0001774415-22-000001
Total Offering Amount$500,000,000
Total Amount Sold$139,896,323
Amount Remaining$360,103,677
Total Investors1,643
Non-Accredited InvestorsNone
Minimum Investment$25,000
Offering DurationIntended to last more than one year
Revenue RangeDecline to Disclose
State (Issuer Address)TX
Amendment Count6 filings on record
Filings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
D/AOctober 4, 20220001774415-22-000001D/AJuly 9, 20210001774415-21-000003D/AJune 12, 20200001774415-20-000003D/AMarch 16, 20200001774415-20-000002D/AJanuary 23, 20200001774415-20-000001DJuly 25, 20190001774415-19-000002
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
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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
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Armin Afzalipour
Executive Officer, Director, Promoter · dallas, TX
Co-President of the Filer's Manager
Arash Afzalipour
Executive Officer, Director, Promoter · Dallas, TX
Co-President of the Filer's Manager
MCI Holdings, LLC
Director · Dallas, TX
Sole Common Member of the Filer
Megatel Capital Investment, LLC
Director, Promoter · 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 and outside the United States
Cabot Lodge Securities LLCCRD 159712 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in all states
Westpark Wealth Advisors, Inc.CRD 130914 on BrokerCheck 
Associated broker-dealer: None · Houston, TX · Soliciting in AK, AR, AZ, CA, CO, FL, GA, HI, IA, ID, IN, KS, MA, MD, MI, MO, MS, NC, NE, NJ, NM, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV
Benchmark Investments, Inc.CRD 103792 on BrokerCheck 
Associated broker-dealer: None · Stockbridge, GA · Soliciting in all states
Center Street Securities, Inc.CRD 26898 on BrokerCheck 
Associated broker-dealer: None · Nashville, TN · Soliciting in all states
Network 1 Financial Securities Inc.CRD 13577 on BrokerCheck 
Associated broker-dealer: None · Red Bank, NJ · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MS, MT, NC, ND, NE, NH, NJ, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
NI AdvisorsCRD 134502 on BrokerCheck 
Associated broker-dealer: None · Milpitas, CA · Soliciting in AZ, CA, CT, FL, GA, HI, ID, MA, MD, ME, MI, MO, NC, NJ, NV, NY, OR, PA, SC, TX, VA, WA
Momentum Advisors, LLCCRD 159574 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in CA, GA, MD, NJ, NY, PA, TX
Bain Wealth Management Group, LLCCRD 281066 on BrokerCheck 
Associated broker-dealer: None · Salem, OR · Soliciting in TX, WA
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, 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
Purshe Kaplan Sterling InvestmentsCRD 35747 on BrokerCheck 
Associated broker-dealer: None · Albany, NY · 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
Grand Parkway Capital, LLCCRD 149775 on BrokerCheck 
Associated broker-dealer: None · Katy, TX · Soliciting in TX
Sanders Morris Harris, LLCCRD 20580 on BrokerCheck 
Associated broker-dealer: None · Houston, TX · Soliciting in all states
Great Point Capital, LLCCRD 114203 on BrokerCheck 
Associated broker-dealer: None · Chicago, IL · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, 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, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY
T. Dibernardo Consulting, Inc.CRD 291634 on BrokerCheck 
Associated broker-dealer: None · Melville, NY · Soliciting in NY
Vienna Asset Management, LLCCRD 299725 on BrokerCheck 
Associated broker-dealer: None · Cupertino, CA · Soliciting in CA
Claraphi Advisory Network, LLCCRD 165868 on BrokerCheck 
Associated broker-dealer: None · Aliso Viejo, CA · Soliciting in all states
Investment Security CorporationCRD 47536 on BrokerCheck 
Associated broker-dealer: None · Calabasas, CA · Soliciting in AZ, CA, FL, IL, MA, MS, NM, NV, OR, TX, UT, WY
LFS RIA, LLCCRD 153391 on BrokerCheck 
Associated broker-dealer: None · Dallas, TX · Soliciting in TX
Emerson Equity, LLCCRD 130032 on BrokerCheck 
Associated broker-dealer: None · San Mateo, CA · Soliciting in all states
PHX Financial Inc.CRD 144403 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in all states
The Strategic Financial AllianceCRD 126514 on BrokerCheck 
Associated broker-dealer: None · Atlanta, GA · Soliciting in all states
SCF Securities, Inc.CRD 47275 on BrokerCheck 
Associated broker-dealer: None · Fresno, CA · Soliciting in all states
KCD Financial, Inc.CRD 127472 on BrokerCheck 
Associated broker-dealer: None · Green Bay, WI · Soliciting in AL, AR, AZ, CA, CO, CT, DC, 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, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
Alexander Capital, LPCRD 40077 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in all states
Arkadios CapitalCRD 282710 on BrokerCheck 
Associated broker-dealer: None · Atlanta, GA · Soliciting in all states
SW FinancialCRD 145012 on BrokerCheck 
Associated broker-dealer: None · Melville, NY · Soliciting in all states
LifeMark Securities Corp.CRD 16204 on BrokerCheck 
Associated broker-dealer: None · Rochester, NY · Soliciting in all states
Crown Capital Securities, L.PCRD 6312 on BrokerCheck 
Associated broker-dealer: None · Orange, CA · Soliciting in all states
RelyOn Financial AdvisorsCRD 269934 on BrokerCheck 
Associated broker-dealer: None · Allen, TX · Soliciting in TX
Plan Group Financial, Inc.CRD 116508 on BrokerCheck 
Associated broker-dealer: None · Oklahoma City, OK · Soliciting in OK, TX
Great Nation Investment CoporationCRD 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, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, VA, VT, WA, WI, WV, WY
Barndollar Investments Advisory Services IncoporatedCRD 168247 on BrokerCheck 
Associated broker-dealer: None · Land O' Lakes, FL · Soliciting in FL
Newbridge Securities CorporationCRD 288898 on BrokerCheck 
Associated broker-dealer: None · San Diego, CA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, 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, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
Aegis Capital CorporationCRD 15007 on BrokerCheck 
Associated broker-dealer: None · New York, NY · Soliciting in all states
Investment Fiduciary Planners, LLCCRD 287842 on BrokerCheck 
Associated broker-dealer: None · Denver, CO · Soliciting in CO
World Equity Group, Inc.CRD 29087 on BrokerCheck 
Associated broker-dealer: None · Arlington Heights, IL · Soliciting in all states
Chalice Capital PartnersCRD 288898 on BrokerCheck 
Associated broker-dealer: None · San Diego, CA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
Westpark Capital, IncCRD 39914 on BrokerCheck 
Associated broker-dealer: None · Los Angeles, CA · Soliciting in all states
Asset Preservation Group, Inc.CRD 108150 on BrokerCheck 
Associated broker-dealer: None · Grapevine, TX · Soliciting in TX
Questions About MCI Preferred Income Fund IV, 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 IV, LLC?MCI Preferred Income Fund IV, LLC is a Delaware limited liability company that filed a Form D with the SEC on October 4, 2022 in the Other Real Estate industry group. The filing claims Rule 506(b) for an offering of equity.
Is MCI Preferred Income Fund IV, LLC legit?AltStreet does not rate legitimacy; it reports the public record. MCI Preferred Income Fund IV, LLC filed a Form D with the SEC on October 4, 2022 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 $139,896,323 sold to 1,643 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 IV, 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 IV, 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 IV, LLC raised?MCI Preferred Income Fund IV, LLC reported $139,896,323 sold from 1,643 investors of a $500,000,000 total offering as of the Form D filed October 4, 2022.
Who can invest in MCI Preferred Income Fund IV, 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 IV, LLC?The Form D lists $25,000 as the minimum investment accepted from any outside investor as of October 4, 2022. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling MCI Preferred Income Fund IV, LLC and how are they paid?The Form D names International Assets Advisory, LLC (CRD 10645), associated with None; Cabot Lodge Securities LLC (CRD 159712), associated with None; Westpark Wealth Advisors, Inc. (CRD 130914), associated with None; Benchmark Investments, Inc. (CRD 103792), associated with None and 36 others as recipients of sales compensation soliciting in all states.
Who is behind MCI Preferred Income Fund IV, LLC?The Form D lists 4 related persons: Armin Afzalipour, executive officer, director, promoter (Co-President of the Filer's Manager); Arash Afzalipour, executive officer, director, promoter (Co-President of the Filer's Manager); MCI Holdings, LLC, director (Sole Common Member of the Filer); Megatel Capital Investment, LLC, director, promoter (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 IV, LLC located?The issuer's address on its SEC filings is 2101 Cedar Springs Road, Suite 700, Dallas, TX 75201. Its phone number of record is 888-418-3730. It is organized under the laws of Delaware.
How long is the MCI Preferred Income Fund IV, 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; 5 amendments are on record for this CIK.
What is MCI Preferred Income Fund IV, 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.