Teardown Funding #2,LLC
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
$2M
Investors
28
Min Invest
$10,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
Teardown Funding #2,LLC is a North Carolina limited liability company that filed a Form D with the SEC on May 31, 2023 in the Other Travel industry group. The offering claims Rule 506(c) and covers equity. Teardown Funding #2,LLC reported $1,575,000 sold from 28 investors of a $1,950,000 total offering as of the Form D filed May 31, 2023. The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $10,000. The Form D names Bruce V Roberts (CRD 1489110), associated with Carolina Financial Securities, LLC; Garrick G Ruiz (CRD 5584980), associated with Carofin, LLC; Garrick G Ruiz (CRD 4484980), associated with Carolina Financial Securities, LLC; Bruce B Smith (CRD 2332178), associated with Carofin, LLC as recipients of sales compensation soliciting in NC. The issuer's address of record is 100 Elks Club Road, Brevard, NC 28712.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
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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
lapsed
Fund family Part of the Teardown Funding # family: 2 vehicles across 2 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.
Bruce V Roberts
Executive Officer, Director · Brevard, NC
LLC Manager
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.
Bruce V RobertsCRD 1489110 on BrokerCheck
Associated broker-dealer: Carolina Financial Securities, LLC (CRD 41970) · Brevard, NC · Soliciting in NC
Garrick G RuizCRD 5584980 on BrokerCheck
Associated broker-dealer: Carofin, LLC (CRD 298717) · San Antonio, TX · Soliciting in CA, GA, IL, MA, NC, NV, OH, PA, SC, TX
Garrick G RuizCRD 4484980 on BrokerCheck
Associated broker-dealer: Carolina Financial Securities, LLC (CRD 41970) · San Antonio, TX · Soliciting in FL
Bruce B SmithCRD 2332178 on BrokerCheck
Associated broker-dealer: Carofin, LLC (CRD 298717) · Brevard, NC · Soliciting in IL, SC
Questions About Teardown Funding #2,LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Teardown Funding #2,LLC?
Teardown Funding #2,LLC is a North Carolina limited liability company that filed a Form D with the SEC on May 31, 2023 in the Other Travel industry group. The filing claims Rule 506(c) for an offering of equity.
Is Teardown Funding #2,LLC legit?
AltStreet does not rate legitimacy; it reports the public record. Teardown Funding #2,LLC filed a Form D with the SEC on May 31, 2023 claiming Rule 506(c). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $1,575,000 sold to 28 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 Teardown Funding #2,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 Teardown Funding #2,LLC claimed Rule 506(c) 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 Teardown Funding #2,LLC raised?
Teardown Funding #2,LLC reported $1,575,000 sold from 28 investors of a $1,950,000 total offering as of the Form D filed May 31, 2023.
Who can invest in Teardown Funding #2,LLC?
The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $10,000.
What is the minimum investment in Teardown Funding #2,LLC?
The Form D lists $10,000 as the minimum investment accepted from any outside investor as of May 31, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Teardown Funding #2,LLC and how are they paid?
The Form D names Bruce V Roberts (CRD 1489110), associated with Carolina Financial Securities, LLC; Garrick G Ruiz (CRD 5584980), associated with Carofin, LLC; Garrick G Ruiz (CRD 4484980), associated with Carolina Financial Securities, LLC; Bruce B Smith (CRD 2332178), associated with Carofin, LLC as recipients of sales compensation soliciting in NC.
Who is behind Teardown Funding #2,LLC?
The Form D lists 1 related person: Bruce V Roberts, executive officer, director (LLC Manager). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Teardown Funding #2,LLC located?
The issuer's address on its SEC filings is 100 Elks Club Road, Brevard, NC 28712. Its phone number of record is 828-393-0088. It is organized under the laws of North Carolina.
How long is the Teardown Funding #2,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 Teardown Funding #2,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.