Matador Note Fund 1 LLC

REIT / finance
Rule 506(c)
Houston, Texas
Amended Nov 6, 2026

Raising: $5,000,000
Sold so far: $865,000; 17% sold
Investors: 8
Average check: $108,125; Sold ÷ investors
Minimum: $50,000
Sales commissions: $0; Issuer's estimate

In plain English

Matador Note Fund 1 LLC, a real estate finance business based in Houston, Texas, filed an amended Form D with the SEC on Nov 6, 2026 to raise $5 million. It reports $865,000 raised from 8 investors, 17% of its target. That works out to roughly $108,000 per investor. The smallest investment it accepts from an outside investor is $50,000.

It filed under Rule 506(c), which means it can advertise the offering publicly, but only accredited investors can buy in, and the issuer has to check that they qualify.

How it compares

Against the 566 real estate offerings filed Oct 8 – Nov 6, 2026.

This offeringMedian

Raise size$5M vs $7M median

Smaller than 58% of the 434 offerings that set a size.

How much is sold17% sold vs 47% median

Behind 61% of the 434 offerings with a set size.

Minimum investment$50,000 vs $50,000 median

Right at the median of the 405 offerings that stated a minimum.

Where the sponsor is based

The Texas housing market

Typical home value $296KChange, 12 months 1.5%Houston metro $303K

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See Texas market data

Filing details

File number: 021-507901
Latest filing: Form D/A (amendment), Nov 6, 2026
Accession number: 0002010659-26-000003
Entity type: Limited Liability Company
Industry group: REITS and Finance
Principal place of business: Houston, Texas
Exemption claimed: Rule 506(c)
First sale: Aug 13, 2024

Timeline

First sale
Aug 13, 2024
Latest amendment (Form D/A) filed
Nov 6, 2026
$865K sold (17% of the target)
As reported Nov 6, 2026

Other recent filings from Texas

All fund filings

This page summarizes a notice Matador Note Fund 1 LLC filed with the SEC. Fidelis First is not affiliated with Matador Note Fund 1 LLC, has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Nov 6, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Nov 6, 2026

Source: Data Provided by Zillow Group · As of Sep 2026