Elite 101 LLC has announced a new debt offering that could raise up to $25 million, with over $10 million already secured. This move is significant as it reflects the company's strategy to strengthen its financial position in the competitive real estate market.

Background

Elite 101 LLC is a limited liability company incorporated in Delaware, primarily engaged in the real estate sector. The company is based in Great Neck, New York, and has recently filed a Form D with the SEC on November 4, 2026, indicating its intent to raise capital through this debt offering.

What the Filing Says

The SEC filing states, "Rule 506(b) provides a 'safer harbor' for a private offering." The offering has a minimum investment requirement of $20,000 and aims to attract accredited investors. As of the filing date, 73 investors have already committed funds, with a total of $10,889,092 raised so far.

Impact

This debt offering may affect a range of stakeholders, including current and potential investors, as well as the broader real estate industry. The funds raised will likely be utilized to enhance the company’s operations and investment capabilities.

What's Next

The filing does not say what happens next.

Company Details

Elite 101 LLC was incorporated in Delaware and operates as a limited liability company. The company is located at 16 Middle Neck Rd, Suite 305, Great Neck, NY, with a business phone number of 202-889-5000. The firm has no previous names listed in its filings, indicating it is a relatively new entity in the market.

Management

The CEO of Elite 101 LLC is Lily Lijun Guo, who is also identified as an executive officer in the filing. Her address is listed as Floor 2, 28-16 42nd Road, Long Island City, NY.

Offering Details

The offering is structured under Rule 506(b) of Regulation D, which allows the company to raise capital without registering the securities with the SEC, provided they meet certain conditions. The filing indicates that the offering will not exceed one year in duration and that the minimum investment accepted from each investor is $20,000.

Financial Information

As of the filing date, the total amount sold in the offering is $10,889,092, leaving a remaining amount of $14,110,908 to be raised. The offering does not include any sales commissions or finder’s fees, suggesting that the company is managing the fundraising process internally.

Investor Composition

The filing confirms that all 73 investors who have committed funds are accredited, which aligns with the requirements of the offering under Rule 506(b). This indicates a targeted approach to attracting experienced investors who are familiar with the risks associated with private placements.