EDGAR Verified
Primary Source · SEC.gov

RC 23 Frontage Investors LLC

Single-Deal SPV2025 vintage506(c)
Latest signalNew Form D filerForm D · 2025-08-07Last filing 2025-08-07

Raised

$2M

Investors

—

Min Invest

$25,000

AltStreet Analysis

·

Generated from EDGAR primary sources

RC 23 Frontage Investors LLC is a Massachusetts-based real estate investment entity that filed under Rule 506(c) on August 7, 2025, disclosing $2.2M in capital raised with a $25K minimum investment. The filing is associated with CrowdStreet, a real estate crowdfunding platform with 44 related EDGAR entities. Executive officer Michael Olson is listed as the related person, and no first sale date was disclosed in this original filing.

This offering follows a typical crowdfunding-style structure for real estate deals, using the 506(c) exemption with a $25K minimum investment threshold, consistent with retail-accessible syndications common on platforms like CrowdStreet. The raise amount of $2.2M suggests a small-to-mid-sized single property or partnership investment vehicle, aligning with SPV structures frequently used for individual real estate deals.

Data Flags

first_sale_dateOriginal filing with $2.2M raised but no first sale date disclosed, suggesting possible data omission or pre-close filing inconsistency
sales_commissionsNo sales commissions reported on a 506(c) offering, which typically involves general solicitation and often compensates placement agents or platforms

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002080499
Entity NameRC 23 Frontage Investors LLC
ExemptionRule 506(c)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationMassachusetts
Issuer Address184 High Street, Suite 502, Boston, MA 02110
Phone(617) 847-2445
Industry / Fund TypeCommercial
Securities TypeEquity
First Sale Date—
Filing DateAugust 7, 2025
Accession Number0002080499-25-000001
Total Offering Amount$2,215,000
Total Amount Sold$2,215,000
Amount Remaining$0
Total Investors—
Non-Accredited InvestorsNone
Minimum Investment$25,000
Offering DurationOne year or less
Sales Commissions$0 (to CrowdStreet Capital LLC)
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)MA
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

AltStreet Coverage

Original reporting from AltStreet's daily EDGAR monitoring covering CrowdStreet and its filings.

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In the Terminal

Filing events

1

latest Aug 7, 2025

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

closed

Latest event New filer · Aug 7, 2025

SEC.gov
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Investor

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  • 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.

Michael Olson

Executive Officer · Boston, MA

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.

CrowdStreet Capital LLCCRD 312762 on BrokerCheck

Associated broker-dealer: None · Austin, TX · Soliciting in all states

Questions About RC 23 Frontage Investors LLC

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

What is RC 23 Frontage Investors LLC?

RC 23 Frontage Investors LLC is a Massachusetts limited liability company that filed a Form D with the SEC on August 7, 2025 in the Commercial industry group. The filing claims Rule 506(c) for an offering of equity. AltStreet links the issuer to CrowdStreet.

Is RC 23 Frontage Investors LLC legit?

AltStreet does not rate legitimacy; it reports the public record. RC 23 Frontage Investors LLC filed a Form D with the SEC on August 7, 2025 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 $2,215,000 sold. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to CrowdStreet, which AltStreet has reviewed. 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 RC 23 Frontage Investors 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 RC 23 Frontage Investors 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 RC 23 Frontage Investors LLC raised?

RC 23 Frontage Investors LLC reported $2,215,000 sold of a $2,215,000 total offering as of the Form D filed August 7, 2025.

Who can invest in RC 23 Frontage Investors 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 $25,000.

What is the minimum investment in RC 23 Frontage Investors LLC?

The Form D lists $25,000 as the minimum investment accepted from any outside investor as of August 7, 2025. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling RC 23 Frontage Investors LLC and how are they paid?

The Form D names CrowdStreet Capital LLC (CRD 312762), associated with None as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind RC 23 Frontage Investors LLC?

The Form D lists 1 related person: Michael E. Olson, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is RC 23 Frontage Investors LLC located?

The issuer's address on its SEC filings is 184 High Street, Suite 502, Boston, MA 02110. Its phone number of record is 6178472445. It is organized under the laws of Massachusetts.

How long is the RC 23 Frontage Investors 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 RC 23 Frontage Investors LLC's revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

Is this your offering?

Claim this profile to add contact information, team members, LinkedIn profiles, fund history, and additional financial data. EDGAR-sourced data and AltStreet analysis cannot be edited, but corrections can be requested for verifiable inaccuracies.

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.