Phil Ward EB-5 Fund, LP

Other real estate
Rule 506(c)
Carmel, Indiana
Amended Oct 7, 2026

Raising: $8,000,000
Sold so far: $6,400,000; 80% sold
Investors: 8
Average check: $800,000; Sold ÷ investors
Minimum: $800,000
Sales commissions: $0; Issuer's estimate

In plain English

Phil Ward EB-5 Fund, LP, a real estate business based in Carmel, Indiana, filed an amended Form D with the SEC on Oct 7, 2026 to raise $8 million. It reports $6.4 million raised from 8 investors, 80% of its target. That works out to roughly $800,000 per investor. The smallest investment it accepts from an outside investor is $800,000.

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 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise size$8M vs $7.7M median

Larger than 50% of the 460 offerings that set a size.

How much is sold80% sold vs 50% median

Further along than 60% of the 460 offerings with a set size.

Minimum investment$800,000 vs $50,000 median

Higher than 92% of the 427 offerings that stated a minimum.

Where the sponsor is based

The Indiana housing market

Typical home value $257KChange, 12 months 2.9%Indianapolis metro $292K

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

See Indiana market data

Filing details

File number: 021-557164
Latest filing: Form D/A (amendment), Oct 7, 2026
Accession number: 0002084953-26-000001
Entity type: Limited Partnership
Industry group: Other Real Estate
Principal place of business: Carmel, Indiana
Exemption claimed: Rule 506(c)
First sale: Nov 19, 2024

Timeline

First sale
Nov 19, 2024
Latest amendment (Form D/A) filed
Oct 7, 2026
$6.4M sold (80% of the target)
As reported Oct 7, 2026

Other recent filings from Indiana

All fund filings

This page summarizes a notice Phil Ward EB-5 Fund, LP filed with the SEC. Fidelis First is not affiliated with Phil Ward EB-5 Fund, LP, 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 Oct 7, 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 Oct 7, 2026

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