By Sheri Kasprzak
Atlanta, April 6 - JCM Partners LLC said it has closed a private placement for $1,657,345.
The company sold 1,520,500 series B preferred units to accredited investors at $1.09 each.
The preferreds are not convertible into any other class of units or preferreds and do not pay dividends.
On Jan. 6, the company raised $2,604,773 in a private placement of the preferred units.
The company sold 2,389,700 series B preferred units to accredited investors at about $1.09 each.
Based in Concord, Calif., JCM acquires, renovates and sells residential, office, retail and industrial real estate.
| Issuer: | JCM Partners LLC
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| Issue: | Series B preferred units
|
| Amount: | $1,657,345
|
| Units: | 1,520,500
|
| Price: | $1.09
|
| Settlement date: | April 1
|
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