Highlights
- Hybrid Debt Fund I LLC has raised $10 million against a $50 million target offering, per a Form D/A filed July 29 with the SEC.
- The fund, registered at 15169 N. Scottsdale Rd., Suite 205, has three investors on record with a $50,000 minimum buy-in.
- David Kotter, manager of Hybrid Debt Manager LLC, is the sole related person listed in the filing.
- $40 million remains available under the offering, which first sold securities on Feb. 9, 2024.
Hybrid Debt Fund I LLC, a Scottsdale-based real estate debt vehicle, has raised $10 million from three investors against a $50 million target offering, according to an amended Form D filed July 29 with the SEC.
The fund, organized in Arizona in 2023 and classified under the industry group Other Real Estate, first sold securities on Feb. 9, 2024. Its address of record is 15169 N. Scottsdale Rd., Suite 205, Scottsdale, AZ 85254. The minimum investment accepted is $50,000, and all three investors on record are accredited.
David Kotter is listed as executive officer, director, and promoter, serving in his capacity as manager of Hybrid Debt Manager LLC, which manages the fund. No other related persons are disclosed in the filing.
The Arizona Corporation Commission lists the entity as active, with a company document number of 23522472 and a perpetual life period. The fund was established May 1, 2023.
The Suite 205 address at 15169 N. Scottsdale Rd. is a shared-office location operated by Spaces The Quarter, a co-working operator, according to the building's Yelp listing.
With $40 million still to raise and only three investors committed after roughly 17 months of fundraising, the pace of capital formation will be the number to watch. The filing does not disclose a closing deadline or a target deployment timeline.
Where to find them
- Hybrid Debt Manager LLC · bizapedia.com · Facebook · X
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- SEC EDGAR retrieved 30/07/2026 00:00
- bizprofile.net retrieved 30/07/2026 00:00
- Yelp retrieved 30/07/2026 00:00
- Hybrid Debt Manager LLC (official site) retrieved 30/07/2026 00:00
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 30/07/2026 00:00. Every claim traces to a source.
