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EDGAR Verified
Primary Source · SEC.gov

EMIP 21, LLC

Single-Deal SPV2025 vintage506(c)
Latest signalNew Form D filerForm D · 2025-11-25Last filing 2025-11-25
EquityMultipleFull Review

Raised

$4M

Investors

47

Min Invest

None stated

AltStreet Analysis

·

Generated from EDGAR primary sources

EMIP 21, LLC is a Delaware limited liability company filed by EquityMultiple on November 25, 2025, raising $4.3M from 47 investors under Rule 506(c). The offering has no stated minimum investment and is part of EquityMultiple's EMIP series, a real estate investment platform with 137 related EDGAR entities. Related persons include Charles Clinton, Marious Sjulsen, and Michael Stern as executive officers.

This real estate offering uses Rule 506(c), allowing general solicitation to accredited investors, consistent with EquityMultiple's platform model. The $0 minimum investment and relatively small average check size (~$91K across 47 investors) suggest a retail-accessible structure typical of crowdfunding-style real estate platforms, contrasting with institutional offerings that typically require $100K+ minimums.

Data Flags

sales_commissionsNo sales commissions disclosed on a 506(c) offering with 47 investors, unusual for retail-oriented distribution
first_sale_dateFirst sale date not disclosed on original filing with $4.3M already raised

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002090018
Entity NameEMIP 21, 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 OrganizationDelaware
Issuer Address260 Madison Ave Fl 5, New York, NY 10016
Phone(646) 844-9918
Industry / Fund TypeREITS and Finance
Securities TypeEquity
First Sale Date—
Filing DateNovember 25, 2025
Accession Number0002090018-25-000001
Total Offering Amount$4,255,252
Total Amount Sold$4,255,252
Amount Remaining$0
Total Investors47
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Sales Commissions$0
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)NY
Amendment CountOriginal filing only

Filings on Record

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

DNovember 25, 2025

AltStreet Coverage

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

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Fund Family

Every vehicle in this manager's series as it appears on EDGAR, newest generation first. Sold-to-date and investor counts are each vehicle's latest Form D.

Fund family

EMIP26 vehicles · 26 generations · since 2024 · $77.1M sold across the family

This issuer is in Fund XXI · Fund XX had sold $4.3M at the same age (11 months from first filing)

VehicleRoleFirst filedStatusSoldInvestors
Fund XXVIII · first filed 2026-08-24 · 1 vehicle · $1.3M sold · 30 investors
EMIP 28, LLCoffering2026-08-24raising$1.3M30
Fund XXVII · first filed 2026-09-30 · 1 vehicle · $2.1M sold · 66 investors
EMIP 27, LLCoffering2026-09-30raising$2.1M66
Fund XXVI · first filed 2026-05-08 · 1 vehicle · $1.2M sold · 39 investors
EMIP 26, LLC2026-05-08raising$1.2M39
Fund XXIV · first filed 2026-05-15 · 1 vehicle · $730K sold · 38 investors
EMIP 24, LLC2026-05-15raising$730K38
Fund XXIII · first filed 2026-02-04 · 1 vehicle · $1.4M sold · 31 investors
EMIP 23, LLCoffering2026-02-04raising$1.4M31
Fund XXII · first filed 2026-02-12 · 1 vehicle · $4.4M sold · 45 investors
EMIP 22, LLCoffering2026-02-12raising$4.4M45
Fund XXI · first filed 2025-11-25 · 1 vehicle · $4.3M sold · 47 investors
EMIP 21, LLCofferingthis issuer2025-11-25closed$4.3M47
Fund XX · first filed 2025-09-10 · 1 vehicle · $4.3M sold · 77 investors
EMIP 20, LLCoffering2025-09-10raising$4.3M77
Fund XIX · first filed 2025-07-18 · 1 vehicle · $4.0M sold · 41 investors
EMIP 19, LLCoffering2025-07-18lapsed$4.0M41
Fund XVIII · first filed 2025-06-18 · 1 vehicle · $3.0M sold · 50 investors
EMIP 18, LLCoffering2025-06-18lapsed$3.0M50
Fund XVII · first filed 2025-05-15 · 1 vehicle · $3.1M sold · 70 investors
EMIP 17, LLCoffering2025-05-15lapsed$3.1M70
Fund XVI · first filed 2025-04-09 · 1 vehicle · $5.1M sold · 33 investors
EMIP 16, LLCoffering2025-04-09lapsed$5.1M33
Fund XIV · first filed 2025-12-17 · 1 vehicle · $3.0M sold · 49 investors
EMIP 14, LLCoffering2025-12-17raising$3.0M49
Fund XIII · first filed 2025-03-11 · 1 vehicle · $2.1M sold · 33 investors
EMIP 13, LLCoffering2025-03-11lapsed$2.1M33
Fund XII · first filed 2025-03-25 · 1 vehicle · $4.0M sold · 111 investors
EMIP 12, LLCoffering2025-03-25lapsed$4.0M111
Fund XI · first filed 2024-12-13 · 1 vehicle · $6.7M sold · 140 investors
EMIP 11, LLCoffering2024-12-13raising$6.7M140
Fund X · first filed 2024-11-25 · 1 vehicle · $4.1M sold · 123 investors
EMIP 10, LLCoffering2024-11-25lapsed$4.1M123
Fund IX · first filed 2024-09-24 · 1 vehicle · $2.3M sold · 73 investors
EMIP 9, LLCoffering2024-09-24lapsed$2.3M73
Fund VIII · first filed 2024-08-08 · 1 vehicle · $2.2M sold · 75 investors
EMIP 8, LLCoffering2024-08-08lapsed$2.2M75
Fund VII · first filed 2024-06-18 · 1 vehicle · $2.1M sold · 31 investors
EMIP 7, LLCoffering2024-06-18lapsed$2.1M31
Fund VI · first filed 2024-06-10 · 1 vehicle · $1.2M sold · 47 investors
EMIP 6, LLCoffering2024-06-10lapsed$1.2M47
Fund V · first filed 2024-10-23 · 1 vehicle · $3.3M sold · 64 investors
EMIP 5, LLCoffering2024-10-23lapsed$3.3M64
Fund IV · first filed 2024-05-29 · 1 vehicle · $3.5M sold · 85 investors
EMIP 4, LLCoffering2024-05-29lapsed$3.5M85
Fund III · first filed 2024-05-15 · 1 vehicle · $2.7M sold · 25 investors
EMIP 3, LLCoffering2024-05-15lapsed$2.7M25
Fund II · first filed 2024-04-05 · 1 vehicle · $2.3M sold · 102 investors
EMIP 2, LLCoffering2024-04-05closed$2.3M102
Fund I · first filed 2024-05-14 · 1 vehicle · $2.9M sold · 49 investors
EMIP 1, LLCoffering2024-05-14lapsed$2.9M49

Grouped from Form D issuer names (generation, sleeve, jurisdiction and legal-form tokens removed); a name-only match, so abbreviated or renamed vehicles can be missed. Sold and investor figures are each vehicle's latest Form D; sleeves that report the same figure share one family-wide total and are counted once. Performance lines are what a public pension plan reports for its own interest in that fund, net, on the plan's cash flows and valuation date; they are not the general partner's figures.

In the Terminal

Filing events

1

latest Nov 25, 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 · Nov 25, 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.

Charles Clinton

Executive Officer · New York, NY

Marious Sjulsen

Executive Officer · New York, NY

Michael Stern

Executive Officer · New York, NY

Questions About EMIP 21, LLC

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

What is EMIP 21, LLC?

EMIP 21, LLC is a Delaware limited liability company that filed a Form D with the SEC on November 25, 2025 in the REITS and Finance industry group. The filing claims Rule 506(c) for an offering of equity. AltStreet links the issuer to EquityMultiple.

Is EMIP 21, LLC legit?

AltStreet does not rate legitimacy; it reports the public record. EMIP 21, LLC filed a Form D with the SEC on November 25, 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 $4,255,252 sold to 47 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to EquityMultiple, 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 EMIP 21, 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 EMIP 21, 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 EMIP 21, LLC raised?

EMIP 21, LLC reported $4,255,252 sold from 47 investors of a $4,255,252 total offering as of the Form D filed November 25, 2025.

Who can invest in EMIP 21, 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 filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in EMIP 21, LLC?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling EMIP 21, LLC and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind EMIP 21, LLC?

The Form D lists 3 related persons: Charles Clinton, executive officer (Officer of EM Manager LLC, its managing member); Marious Sjulsen, executive officer (Officer of EM Manager LLC, its managing member); Michael Stern, executive officer (Officer of EM Manager LLC, its managing member). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is EMIP 21, LLC located?

The issuer's address on its SEC filings is 260 Madison Ave Fl 5, New York, NY 10016. Its phone number of record is 6468449918. It is organized under the laws of Delaware.

How long is the EMIP 21, 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 EMIP 21, 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.