SEC filing record
Primary Source · SEC.gov

Tower 56 Direct, LLC

2023 vintageRule 506(b), Section 3(c), 3C.5Filing 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

$22M

Investors

61

Min Invest

$250,000

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What this filing shows

·

Every sentence is a value as filed on SEC Form D

Tower 56 Direct, LLC is a Delaware limited liability company that filed a Form D with the SEC on April 6, 2023 in the Commercial industry group. The offering claims Rule 506(b), Section 3(c), 3C.5 and covers equity and pooled investment fund interests. Tower 56 Direct, LLC reported $22,000,000 sold from 61 investors of a $22,000,000 total offering as of the Form D filed April 6, 2023. 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 $250,000. The Form D names Sunbelt Securities (CRD 42180), associated with None; Orchard Securities (CRD 133378), associated with None; Landolt Securities (CRD 28352), associated with None; DFPG Investments, LLC (CRD 155576), associated with None and 2 others as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, 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. The issuer's address of record is 747 Third Avenue, 37th Floor, New York, NY 10017.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001968762
Entity NameTower 56 Direct, LLC
ExemptionRule 506(b), Section 3(c), 3C.5
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. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationDelaware
Issuer Address747 Third Avenue, 37th Floor, New York, NY 10017
Phone(212) 319-5800
Industry / Fund TypeCommercial
Investment Company ActExcluded under Section 3(c)
Securities TypeEquity, Pooled investment fund interests
First Sale DateApril 4, 2023
Filing DateApril 6, 2023
Accession Number0001968762-23-000001
Total Offering Amount$22,000,000
Total Amount Sold$22,000,000
Amount Remaining$0
Total Investors61
Non-Accredited InvestorsNone
Minimum Investment$250,000
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)NY
Amendment CountOriginal filing only

Filings on Record

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NAV prints

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none on file

Offering chains

1

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Darius Sakhai

Executive Officer · New York, NY

Principal of the Manager and Co-Founder and Principal of the Sponsor

Cyrus Sakhai

Executive Officer · New York, NY

Principal of the Manager and Co-Founder and Principal of the Sponsor

William Gentile

Director · New York, NY

Managing Director of the Manager and the Sponsor

Stephen Sakhai

Director · New York, NY

Managing Director of the Manager and the Sponsor

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.

Sunbelt SecuritiesCRD 42180 on BrokerCheck

Associated broker-dealer: None · Houston, TX · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, 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

Orchard SecuritiesCRD 133378 on BrokerCheck

Associated broker-dealer: None · Pleasant Grove, UT · Soliciting in all states

Landolt SecuritiesCRD 28352 on BrokerCheck

Associated broker-dealer: None · Antioch, IL · Soliciting in all states

DFPG Investments, LLCCRD 155576 on BrokerCheck

Associated broker-dealer: None · Sandy, UT · 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

Benchmark Investments, LLCCRD 103792 on BrokerCheck

Associated broker-dealer: None · Stockbridge, GA · Soliciting in all states

Kingswood Capital PartnersCRD 288898 on BrokerCheck

Associated broker-dealer: None · San Diego, CA · Soliciting in all states

Questions About Tower 56 Direct, LLC

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is Tower 56 Direct, LLC?

Tower 56 Direct, LLC is a Delaware limited liability company that filed a Form D with the SEC on April 6, 2023 in the Commercial industry group. The filing claims Rule 506(b), Section 3(c), 3C.5 for an offering of equity and pooled investment fund interests.

Is Tower 56 Direct, LLC legit?

AltStreet does not rate legitimacy; it reports the public record. Tower 56 Direct, LLC filed a Form D with the SEC on April 6, 2023 claiming Rule 506(b), Section 3(c), 3C.5. A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $22,000,000 sold to 61 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 Tower 56 Direct, 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 Tower 56 Direct, LLC claimed Rule 506(b), Section 3(c), 3C.5 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 Tower 56 Direct, LLC raised?

Tower 56 Direct, LLC reported $22,000,000 sold from 61 investors of a $22,000,000 total offering as of the Form D filed April 6, 2023.

Who can invest in Tower 56 Direct, 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 $250,000.

What is the minimum investment in Tower 56 Direct, LLC?

The Form D lists $250,000 as the minimum investment accepted from any outside investor as of April 6, 2023. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Tower 56 Direct, LLC and how are they paid?

The Form D names Sunbelt Securities (CRD 42180), associated with None; Orchard Securities (CRD 133378), associated with None; Landolt Securities (CRD 28352), associated with None; DFPG Investments, LLC (CRD 155576), associated with None and 2 others as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, 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.

Who is behind Tower 56 Direct, LLC?

The Form D lists 4 related persons: Darius Sakhai, executive officer (Principal of the Manager and Co-Founder and Principal of the Sponsor); Cyrus Sakhai, executive officer (Principal of the Manager and Co-Founder and Principal of the Sponsor); William Gentile, director (Managing Director of the Manager and the Sponsor); Stephen Sakhai, director (Managing Director of the Manager and the Sponsor). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Tower 56 Direct, LLC located?

The issuer's address on its SEC filings is 747 Third Avenue, 37th Floor, New York, NY 10017. Its phone number of record is 212-319-5800. It is organized under the laws of Delaware.

How long is the Tower 56 Direct, LLC offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

What is Tower 56 Direct, 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.