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TLI

Tuttle Land Investments

1 fund·$35M raised◔ Unclaimed
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Avg Composite
51.7
Mid pack
Active funds
1
of 1 vintage
Total raised
$35M
disclosed offerings
Followers
0
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Composite score · by vintage

1 scored fund · avg 51.7
2550752018Tuttle Land Investments, LLC · vintage 2018 · 51.7
Top quartile Middle Lower Sponsor avg

Disclosures & prior history5 disclosures · worst high

Material items extracted from the risk-factor, conflicts, and prior-performance sections of Tuttle Land Investments's PPMs. Each is quoted verbatim with its source page — surfaced, not editorialized.

Related-party conflict disclosed — Affiliate debt refinancing from note proceeds

High

A material use of investor note proceeds is earmarked to refinance existing debt of the sponsor's affiliate companies (TLH-40, TLH-46, TLH-82), creating a direct related-party conflict of interest between noteholder interests and sponsor affiliate interests.

REFINANCE DEBT OF RELATED ENTITIES OR AFFILIATES ... $12,000,000 [at 100% raise] ... NOTE: WE WILL REFINANCE EXISTING DEBT OF OUR AFFILIATES
PPM p.895% confidence

Key-person history disclosed — Brian Tuttle

Medium

The fund is materially dependent on Brian Tuttle as founder and Senior Manager; his loss would substantially delay operations. A $10,000,000 key person life insurance policy is maintained but departure short of death is not covered.

Our future success heavily depends upon the continued services of our senior executives and other key employees, in particular, Brian Tuttle, our founder. The loss of his services would delay our business operations substantially. We currently maintain a $10,000,000 key person life insurance policy for Brian Tuttle.
PPM p.497% confidence

Material disclosure — Development-stage company with no revenue or employees at filing

Medium

Tuttle Land Investments, LLC was formed February 9, 2018, had no full-time employees as of February 19, 2018, and reported zero income and expenses for its first 22 days of existence. The fund is entirely dependent on future performance.

As of February 19, 2018, the Company has no full-time employees. ... We are a development stage company, and we expect to use substantially all of the net proceeds from this Offering to engage in land banking and real estate investment described hereinabove.
PPM p.895% confidence

Material disclosure — No minimum offering amount; best-efforts basis

Medium

The offering has no minimum raise requirement; funds are not escrowed. If insufficient proceeds are raised, the company may be unable to fund its operations and investors may lose their entire investment.

The Offering is on a 'best efforts' basis and does not require a minimum amount to be raised. If we are not able to raise sufficient funds, we may not be able to fund our operations as planned, and our growth opportunities may be materially adversely affected. This could increase the likelihood that an investor may lose their entire investment.
PPM p.795% confidence

Material disclosure — Notes are unsecured and speculative

Medium

The LRO notes are unsecured special, limited obligations of the company. There is no public market or exchange listing. Investors are cautioned they may need to hold the investment indefinitely and may lose their entire investment.

The Notes are speculative securities. Investment in the Notes involves significant risk, and you may be required to hold your investment for an indefinite period of time. You should purchase these securities only if you can afford a complete loss of your investment.
PPM p.198% confidence

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