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Updated over 2 years ago,
1 deal, 5 private lenders & 5 trust deeds, do I need SEC filing?
I am looking to purchase an investment property ($500k purchase price).
I have 5 private lenders to provide $100k each.
Each will have a separate trust deed - in 1st, 2nd, 3rd, 4th, 5th position.
Since I am pooling investor money into one investment, do I need to file this with the SEC as a security?