PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 10:31 AM ET

Sponsor Check › Sponsor group

S

Spi

One sponsor team, 22 deal companies · Dallas, TX

Grouped because: 8 shared people, same business address (22 issuers) (automatic match from the filings) · not the same sponsor?

22deal companies
$28.6Mreported sold
86investors
24Form D filings
2018–2026active
2new, last 12 mo
Follow this sponsor groupLook further ↓

Data last updated Oct 23, 2026, 5:45 PM ET · Latest filing in this group Sep 17, 2026 · Courts (RECAP) last checked: Oct 24, 2026, 2:14 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Spi is a sponsor group of 22 issuers that PartnerFacts links to one sponsor (shared people, same business address, same person name on both filings; automatic match from the filings), filing 24 Form D filings between May 2018 and Sep 2026.

What this means One team, 22 deal companies, about 8 years of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.

Combined reported sold: $28.6M to 86 investors (latest filing per issuer). Industries as reported: Commercial (21), Construction (1). Issuers are based in TX (22).

What this means $28.6M raised across the group, about $333K per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.

Principal people: Michael Becker (22 issuers, executive officer), Sean Mabarak (16 issuers, executive officer), Paul Shively (5 issuers, executive officer and promoter), Robert Barrett Potts (3 issuers, executive officer), John Blackburn (2 issuers, executive officer) and 4 more.

What this means The person on the most companies is usually the one running the show; their page lists every deal.

Activity: 2 new offerings in the last 12 months; latest filing Sep 17, 2026.

What this means still raising money this year.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CO, CT, DC, DE, FINRA, FL, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY), property records (NYC, FL, IL and TX counties) — none found.

What this means Nothing turned up where we looked (4 sources). That does not prove there is nothing — it means none was found in those sources on that date.

We compared 24 public filings for Spi and found 6 differences, 3 worth asking the sponsor about: Spi includes 18 deals that stopped filing before reaching their target; Paid seller listed without a CRD number: Issuer Direct Sales Only; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Spi has not run yet — it is joining a line of 55,830 names; searches run around the clock at the hosts' allowed rate. Searched so far: 641 names.

Community comments are quoted as written by their authors. Sources searched: Bing (site:reddit.com / site:biggerpockets.com) and Reddit's own search, plus DuckDuckGo/Brave/BiggerPockets search when they are answering.

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

None found so far — 22 of 22 issuers searched (federal courts (CourtListener / RECAP), last checked Oct 24, 2026)

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched.. Searched so far: 22 of 22 issuers in this group; 0 still to be searched. Results are added automatically.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: 48 regulators (FINRA, NASAA, 37 states) — crawled Oct 24, 2026, 8:48 AM ET

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Spi..

State securities regulators: Securities regulators searched (64,910 actions): FINRA (38,350 actions, 1995–2026), NASAA (31 actions, 2000–2026; listing starts 1997), AK Division of Banking and Securities (273 actions, 1971–2025), AL Securities Commission (880 actions, 2001–2026), AR Securities Department (1,305 actions, 1998–2026), AZ Corporation Commission Securities Division (411 actions, 2017–2026), CA DFPI (25 actions, 2007–2024; listing starts 2002 — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), CO Division of Securities (731 actions, 2001–2026; older years from the Internet Archive (snapshot of 2026-05-02)), CT Department of Banking Securities Division (940 actions, 2006–2026; older years from the Internet Archive (snapshot of 2026-04-22)), DC DISB Securities Bureau (25 actions, 2012–2026), DE DOJ Investor Protection Unit (257 actions, 1987–2026), FL Office of Financial Regulation (49 actions, 2018–2026), GA Secretary of State Securities Division (65 actions, 2015–2026; listing starts 2012), HI DCCA Securities Enforcement Branch (26 actions, 2012–2026), ID Department of Finance Securities Bureau (663 actions, 1994–2026), IL Secretary of State Securities Department (4,122 actions, 2003–2023), KS Insurance Department Securities Division (58 actions), KY Department of Financial Institutions (342 actions, 2005–2026), LA Office of Financial Institutions Securities Division (13 actions, 2010–2025; listing starts 2008), MA Secretary of the Commonwealth Securities Division (125 actions, 2012–2025; live site blocks automated access — loaded from the Internet Archive snapshot of 2026-02-04), MD Attorney General Securities Division (1,054 actions, 2004–2026), ME Office of Securities (539 actions, 2000–2026), MI LARA Corporations, Securities & Commercial Licensing Bureau (201 actions), MO Secretary of State Securities Division (919 actions, 1998–2026), MS Secretary of State Securities Division (209 actions, 1995–2026), MT Commissioner of Securities and Insurance (597 actions, 2000–2026), NC Secretary of State Securities Division (265 actions, 2004–2024), ND Securities Department (711 actions, 1990–2026; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2026-01-06), NH Bureau of Securities Regulation (402 actions, 2002–2026), NM Regulation and Licensing Department Securities Division (90 actions, 2010–2025), NV Secretary of State Securities Division (118 actions, 2018–2026), NY Attorney General Investor Protection Bureau (44 actions, 2012–2026), OH Division of Securities (327 actions, 1993–2006), OK Department of Securities (2,531 actions, 1998–2026), OR Division of Financial Regulation (589 actions, 1988–2026), PA Department of Banking and Securities (1,448 actions, 2008–2024; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2024-08-09), RI DBR Securities Division (98 actions, 2005–2025), SC Attorney General Securities Division (540 actions, 2006–2026), SD Division of Insurance – Securities Regulation (106 actions, 2017–2026), TN Department of Commerce and Insurance Securities Division (405 actions, 1992–2026), TX State Securities Board (936 actions, 1999–2026), UT Division of Securities (772 actions, 2000–2026; older years from the Internet Archive (snapshot of 2010-05-27)), VT DFR Securities Division (137 actions, 2010–2026), WA DFI (2,039 actions, 2001–2026), WI DFI Division of Securities (1,072 actions, 1998–2026), WV Securities Commission (State Auditor) (64 actions), WY Secretary of State Compliance Division (6 actions, 2016–2024) — last crawled Oct 24, 2026, 8:48 AM ET. No machine-readable public listing today for IA, IN, MN, NE, NJ, VA (see docs/state-regulators.md).

3. Bankruptcies

None found so far — 22 of 22 issuers searched (federal bankruptcy courts (CourtListener / RECAP), last checked Oct 24, 2026)

What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only).. Searched so far: 22 of 22 issuers in this group; 0 still to be searched. Results are added automatically.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

No comparisons published

What is compared

No public statement by this sponsor group has been collected yet, so there is nothing to compare. Sources compared: the sponsor's own website (known from the issuer's own filings — Form C issuer website, EDGAR company profile — an approved profile claim or Form ADV Item 1.I of its matched adviser) · SEC Form D · SEC Form ADV (IAPD) · Internet Archive · No website is on file for this sponsor group yet.

6 differences found between the filings for Spi — 3 worth asking about (compared 24 filings on Oct 24, 2026)

Worth asking · May 18, 2018 – Oct 1, 2024

Spi includes 18 deals that stopped filing before reaching their target

SPI Winsted Equity DE, LLC (last filing Oct 1, 2024; $0 sold of $25,000,000); SPI La Mirage Recap DE, LLC (last filing Jan 4, 2024; $0 sold of $7,000,000); SPI NB Equity 164 DE, LLC (last filing Aug 23, 2023; $0 sold of $15,000,000); SPI Southpark Equity DE, LLC (last filing Jul 7, 2023; $0 sold of $25,000,000); SPI Ivy Equity DE, LLC (last filing Apr 24, 2023; $0 sold of $10,000,000); SPI Buda Equity DE, LLC (last filing Apr 10, 2023; $0 sold of $10,000,000); and 12 more. Each has no filing in more than two years and reported under half its target sold.

What this means An issuer whose last filing is more than two years old and reported under half its target sold. The raise may have closed early or quietly stopped. Ask what happened to each.

SPI Winsted Equity DE, LLC — PartnerFacts page ↗SPI La Mirage Recap DE, LLC — PartnerFacts page ↗SPI NB Equity 164 DE, LLC — PartnerFacts page ↗SPI Southpark Equity DE, LLC — PartnerFacts page ↗
Sources
Worth asking · Dec 15, 2023

Paid seller listed without a CRD number: Issuer Direct Sales Only — SPI Main Street Lofts Equity DE, LLC

Issuer Direct Sales Only is listed as receiving sales compensation on 1 filing (Dec 15, 2023) with no FINRA CRD number given.

What this means People paid to sell securities normally hold a FINRA registration with a CRD number. Without one we cannot look them up on BrokerCheck. Ask who they are and whether they are registered.

Form D · Dec 15, 2023 ↗BrokerCheck search: Issuer Direct Sales Only ↗SPI Main Street Lofts Equity DE, LLC — PartnerFacts page ↗
Sources
Worth asking · May 18, 2018 – Sep 17, 2026

18 other issuers file from the same address — 22 member issuers (SPI Bluffview 181, LLC; SPI Ascent North 460, LLC; Bullard 392, LLC; …)

The address on file, 8226 Douglas Ave., Ste. 455, Dallas, TX, is used by 40 issuers in our index across 6 sponsor groups; 18 are outside this group. It is not on our registered-agent list, so it may be a shared office or administrator.

What this means Many unrelated companies file from this address. Often a registered agent or a fund administrator; sometimes a shared office. Ask where the team actually works.

SPI Bluffview 181, LLC — PartnerFacts page ↗SPI Ascent North 460, LLC — PartnerFacts page ↗Bullard 392, LLC — PartnerFacts page ↗EDGAR filer page · SPI Bluffview 181, LLC ↗
Sources
Note · Jul 30, 2018 – Oct 17, 2018

Offering amount changed between filings — SPI Ascent North 460, LLC

The Jul 30, 2018 filing says $29,000 offered; the Oct 17, 2018 Form D/A says $29,000,000.

What this means The target raise changed. Raising the cap is common when a deal grows; ask whether the extra money has the same terms and use.

Form D (earlier) · Jul 30, 2018 ↗Form D/A (later) · Oct 17, 2018 ↗SPI Ascent North 460, LLC — PartnerFacts page ↗
Sources
Note · Apr 12, 2019 – Dec 9, 2025

Sean Mabarak is written 2 different ways on the filings

listed as "Sean Mabarak" on 15 filings (from Apr 12, 2019), and "Sean H Mabarak" on 2 filings (from Dec 9, 2025).

What this means Same person, written differently — a middle name or suffix left off, or spelled another way. It is normal, but check that the full legal name matches your subscription documents.

Form D · Apr 12, 2019 ↗Form D/A · Dec 9, 2025 ↗Sean Mabarak — PartnerFacts page ↗
Sources
Note · May 18, 2018 – Sep 17, 2026

Member companies were formed in 2 different states

Delaware (14), Texas (8) — out of 22 member issuers. The odd ones out: SPI Bluffview 181, LLC (Texas); SPI Ascent North 460, LLC (Texas); Bullard 392, LLC (Texas); SPI Texas 530, LLC (Texas); SPI CR Tyler 104, LLC (Texas); SPI Central Texas 541 DE, LLC (Texas).

What this means Sponsors often form each deal company in Delaware or Wyoming no matter where the property is. A mix is common; it just tells you which state's rules each company lives under.

Spi — sponsor group page ↗SPI Bluffview 181, LLC — PartnerFacts page ↗SPI Ascent North 460, LLC — PartnerFacts page ↗Bullard 392, LLC — PartnerFacts page ↗
Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

0 of 22 offerings report sales commissions; 0 report finder's fees; 18 report proceeds to related persons totalling $13,749,550. (includes amounts the issuer reported as estimates)

Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
Sep 17, 2026 D
SPI Grand Avenue Equity, LLC
File 021-597912
$0$0$750,000None listed on this filingEDGAR ↗
Dec 9, 2025 D/A
SPI Canopy Equity DE, LLC
File 021-566286
$0$0$750,000
$750,000 to be paid to SPI Advisory, LLC after the Equity Shortfall Advances are paid.
None listed on this filingEDGAR ↗
Oct 14, 2025 D
SPI Chisholm Trail Equity DE, LLC
File 021-560709
$0$0$650,000None listed on this filingEDGAR ↗
Oct 1, 2024 D
SPI Winsted Equity DE, LLC
File 021-525530
$0$0$0None listed on this filingEDGAR ↗
Jan 4, 2024 D
SPI La Mirage Recap DE, LLC
File 021-501478
$0$0$0None listed on this filingEDGAR ↗
Dec 15, 2023 D
SPI Main Street Lofts Equity DE, LLC
File 021-499812
$0$0$0Issuer Direct Sales Only no CRD number reportedEDGAR ↗
Aug 23, 2023 D
SPI NB Equity 164 DE, LLC
File 021-490486
$0$0$591,000 (est.)
Approximately 2.0% of the original purchase price of the Property, to be paid to SPI Advisory, LLC.
None listed on this filingEDGAR ↗
Jul 7, 2023 D
SPI Southpark Equity DE, LLC
File 021-486247
$0$0$1,070,000
Approximately 2% of the original purchase price of the Property, to be paid 1% to SPI Advisory, LLC and 1% to Fuel Networks, LLC.
None listed on this filingEDGAR ↗
Apr 24, 2023 D
SPI Ivy Equity DE, LLC
File 021-479805
$0$0$544,275 (est.)
Approximately 3% of the original purchase price of the Property, to be paid to SPI Advisory, LLC.
None listed on this filingEDGAR ↗
Apr 10, 2023 D
SPI Buda Equity DE, LLC
File 021-478305
$0$0$27,000
Approximately 3% of the original purchase price of the Property
None listed on this filingEDGAR ↗
Aug 23, 2022 D
SPI Skyview North Equity 336 DE, LLC
File 021-456626
$0$0$0None listed on this filingEDGAR ↗
Apr 5, 2022 D
SPI Southpoint Equity 228 DE, LLC
File 021-440513
$0$0$950,000 (est.)
Approximately 2% of the original purchase price of the Property, to be paid 1% to SPI Advisory, LLC and 1% to Fuel Holdings, LLC.Approximately 0.5% of the loan amount at acquisition, to be paid to SPI Advisory, LLC.
None listed on this filingEDGAR ↗
Nov 9, 2021 D
SPI SoFlo Equity 339 DE, LLC
File 021-420524
$0$0$928,125
Approximately 1.25% of the original purchase price of the Property, to be paid to SPI Advisory, LLC.
None listed on this filingEDGAR ↗
Jun 15, 2021 D
SPI Central Texas 541 DE, LLC
File 021-402943
$0$0$2,126,000 (est.)
Approximately 2% of the original purchase price of the Properties, to be paid 1% to SPI Advisory, LLC and 1% to Fuel Holdings, LLC.
None listed on this filingEDGAR ↗
Dec 31, 2020 D
SPI DFW 351 DE, LLC
File 021-384878
$0$0$887,750
Approximately 2.0% of the original purchase price of the Properties to be paid to SPI Advisory, LLC.
None listed on this filingEDGAR ↗
Oct 21, 2020 D
SPI Hometown Equity DE LLC
File 021-378417
$0$0$1,205,000 (est.)
Approximately 2% of the original purchase price of the Property, (before the $815,000 seller credit negotiated to be paid 1% to SPI Advisory, LLC and 1% to Fuel Holdings, LLC.
None listed on this filingEDGAR ↗
Feb 4, 2020 D
SPI CR Greenfield 178 DE, LLC
File 021-359662
$0$0$198,300
Fee is equal to approximately 3% of the purchase price of the Property and will be paid to SPI Advisory,LLC(1.5%)the members of which are members and managers of the Manager and CR Capital,LLC (1.5%)a member of which is a member and manager of the Manager
None listed on this filingEDGAR ↗
Jun 20, 2019 D
SPI CR Tyler 104, LLC
File 021-342356
$0$0$198,300
3.0% of the original purchase price of the Property, to be paid as follows: ? 1.5% to SPI Advisory, LLC ? 1.5% to CR Capital, LLC
None listed on this filingEDGAR ↗
Apr 12, 2019 D
SPI Texas 530, LLC
File 021-337205
$0$0$1,487,000 (est.)
Approximately 2% of the original purchase price of each Property
None listed on this filingEDGAR ↗
Nov 15, 2018 D
Bullard 392, LLC
File 021-325862
$0$0$525,000 (est.)
2.0% of the original purchase price of the Properties
None listed on this filingEDGAR ↗
Oct 17, 2018 D/A
SPI Ascent North 460, LLC
File 021-318027
$0$0$600,000 (est.)
1% of the original purchase price of the Property.
None listed on this filingEDGAR ↗
May 18, 2018 D
SPI Bluffview 181, LLC
File 021-312732
$0$0$261,800 (est.)
2% of purchase price of the property
None listed on this filingEDGAR ↗
How this is counted

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across all 22 issuers in this group — every filing in our index, latest filing per offering (SEC file number).

Property records 0 documents · 0 ownership records · last checked Oct 24, 2026, 10:16 AM ET · NYC and Cook County lookup still to run

0 recorded documents and 0 ownership records matched to Spi in the sources searched.

Not found in sources searched as of Oct 24, 2026, 10:16 AM ET: Hillsborough County FL Clerk of Court Official Records daily index (publicrec.hillsclerk.com D/P/M files), 2 daily files (Oct 14, 2026 to Oct 15, 2026) — loaded Oct 23, 2026, 8:59 PM ET; Harris County TX (HCAD ownership rolls 2005–2026) — 1,032,426 records, loaded Oct 24, 2026, 8:00 AM ET; Dallas County TX (DCAD ownership rolls 2021–2027) — 285,535 records, loaded Oct 24, 2026, 8:20 AM ET; Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll), Broward County FL (FL DOR 2026 ownership roll), Palm Beach County FL (FL DOR 2026 ownership roll) — 514,336 records, loaded Oct 24, 2026, 8:25 AM ET; King County WA (Assessor sale records 0000-00-00–2026-10-14; no owner-of-record names published) — 538,619 records, loaded Oct 24, 2026, 8:27 AM ET; Cook County IL (Assessor sale records 1982–2026 + ownership rolls 1999–2026) — 1,263,035 records, loaded Oct 24, 2026, 9:34 AM ET. Still to be looked up for this group: NYC ACRIS via NYC Open Data (Real Property Parties 636b-3b5g, Master bnx9-e6tj, Legals 8h5j-fqxa, Document Control Codes 7isb-wh4c) · NYC PLUTO ownership via NYC Open Data (64uk-42ks) · Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp). Records in other counties, and recorder indexes we do not yet cover, were not searched.

Property records coverage: New York City (ACRIS recorded documents and PLUTO ownership, looked up per issuer when its page is viewed; re-checked when the page is viewed again more than 30 days after the last check); Harris County TX (ownership only, no deed, mortgage or sale records; HCAD ownership rolls 2005–2026); Dallas County TX (ownership only, no deed, mortgage or sale records; DCAD ownership rolls 2021–2027); Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll), Broward County FL (FL DOR 2026 ownership roll), Palm Beach County FL (FL DOR 2026 ownership roll); King County WA (Assessor sale records 0000-00-00–2026-10-14; no owner-of-record names published); Cook County IL (Assessor sale records 1982–2026 + ownership rolls 1999–2026); also looked up per issuer when its page is viewed. Recorder indexes (party names on deeds, mortgages and liens) in TX, AZ, NV, CA and WA counties and outside the Clerk index in FL, mortgages and liens outside NYC and Hillsborough County, lis pendens and foreclosure notices everywhere, Los Angeles County CA, Clark County NV, New York City bulk pass (not finished; per-issuer lookups only so far), Maricopa County AZ (loader ready; commercial-purpose statement not yet filed), Salt Lake County UT, and all other counties are not covered — not searched. Last refresh by source: NYC ACRIS via NYC Open Data (Real Property Parties 636b-3b5g, Master bnx9-e6tj, Legals 8h5j-fqxa, Document Control Codes 7isb-wh4c) Oct 24, 2026, 9:34 AM ET; Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp) Oct 24, 2026, 9:34 AM ET; Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp) Oct 24, 2026, 8:30 AM ET; King County WA Assessor Real Property Sales extract (EXTR_RPSale.csv) Oct 24, 2026, 8:27 AM ET; Florida DOR NAL roll (Palm Beach 60) Oct 24, 2026, 8:25 AM ET; Florida DOR NAL roll (Broward 16) Oct 24, 2026, 8:24 AM ET; Florida DOR NAL roll (Dade 23) Oct 24, 2026, 8:23 AM ET; Florida DOR NAL roll (Hillsborough 39) Oct 24, 2026, 8:21 AM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV Oct 24, 2026, 8:20 AM ET; Harris County Appraisal District real_acct.txt Oct 24, 2026, 8:00 AM ET; Hillsborough County FL Clerk daily index Oct 23, 2026, 8:59 PM ET. NYC and Cook County are also looked up per issuer when its page is viewed; the most recent such lookup on this site finished Oct 24, 2026, 3:30 AM ET. Parties are named as the recorder's index names them (role suffixes as recorded); no address, account number or trust date is shown for an individual, and individual owners of record (home ownership) are not matched or shown. Items still in human review are not shown.

Issuers in this group

Why each issuer is here is stated in the "Linked by" column. Low-confidence links are never shown — they wait for human review.

SourceIssuerLinked byLocationIndustryFilingsSold (max)InvestorsMin. investment (latest filing)Active
EDGAR ↗SB SPI Bluffview 181, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $12,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2018–2018
EDGAR ↗SA SPI Ascent North 460, LLCshared people, same business addressDALLAS, TXConstruction2$0
offering $29,000,000 · similar: $2,700,000–$15,000,000
0
similar: 1–21
$100,000
similar: $25,000–$100,000
2018–2018
EDGAR ↗B3 Bullard 392, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $10,000,000 · similar: $1,815,000–$10,000,000
0
similar: 7–33
$100,000
similar: $20,000–$50,000
2018–2018
EDGAR ↗ST SPI Texas 530, LLCshared people, same person name on both filings, same business addressDALLAS, TXCommercial1$0
offering $27,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2019–2019
EDGAR ↗SC SPI CR Tyler 104, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $3,000,000 · similar: $1,815,000–$10,000,000
0
similar: 7–33
$100,000
similar: $20,000–$50,000
2019–2019
EDGAR ↗SC SPI CR Greenfield 178 DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $8,000,000 · similar: $1,815,000–$10,000,000
0
similar: 7–33
$100,000
similar: $20,000–$50,000
2020–2020
EDGAR ↗SH SPI Hometown Equity DE LLCshared people, same person name on both filings, same business addressDALLAS, TXCommercial1$0
offering $20,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2020–2020
EDGAR ↗SD SPI DFW 351 DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $20,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2020–2020
EDGAR ↗SC SPI Central Texas 541 DE, LLCshared people, same person name on both filings, same business addressDALLAS, TXCommercial1$0
offering $35,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2021–2021
EDGAR ↗SS SPI SoFlo Equity 339 DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $15,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2021–2021
EDGAR ↗SS SPI Southpoint Equity 228 DE, LLCshared people, same person name on both filings, same business addressDALLAS, TXCommercial1$0
offering $20,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2022–2022
EDGAR ↗SS SPI Skyview North Equity 336 DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $38,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2022–2022
EDGAR ↗SB SPI Buda Equity DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $10,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$10,000,000
similar: $25,000–$100,000
2023–2023
EDGAR ↗SI SPI Ivy Equity DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $10,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2023–2023
EDGAR ↗SS SPI Southpark Equity DE, LLCshared people, same person name on both filings, same business addressDALLAS, TXCommercial1$0
offering $25,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2023–2023
EDGAR ↗SN SPI NB Equity 164 DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $15,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2023–2023
EDGAR ↗SM SPI Main Street Lofts Equity DE, LLCshared people, same business addressDallas, TXCommercial1$20,000,000
offering $20,000,000 · similar: $3,000,000–$20,000,000
27
similar: 4–26
$100,000
similar: $25,000–$100,000
2023–2023
EDGAR ↗SL SPI La Mirage Recap DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $7,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2024–2024
EDGAR ↗SW SPI Winsted Equity DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $25,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2024–2024
EDGAR ↗SC SPI Chisholm Trail Equity DE, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $8,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2025–2025
EDGAR ↗SC SPI Canopy Equity DE, LLCshared people, same business addressDALLAS, TXCommercial2$8,645,000
offering $9,000,000 · similar: $3,000,000–$20,000,000
59
similar: 4–26
$100,000
similar: $25,000–$100,000
2025–2025
EDGAR ↗SG SPI Grand Avenue Equity, LLCshared people, same business addressDALLAS, TXCommercial1$0
offering $15,000,000 · similar: $3,000,000–$20,000,000
0
similar: 4–26
$100,000
similar: $25,000–$100,000
2026–2026

"Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Commercial / 506(c) (2,639 filings); Construction / 506(c) (74 filings); Commercial / 506(b) (6,713 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Timeline of offerings

SourceFiledIssuerFormIndustryOfferedSold
EDGAR ↗Sep 17, 2026SPI Grand Avenue Equity, LLCDCommercial$15,000,000$0
EDGAR ↗Dec 9, 2025SPI Canopy Equity DE, LLCD/ACommercial$9,000,000$8,645,000
EDGAR ↗Dec 9, 2025SPI Canopy Equity DE, LLCDCommercial$9,000,000$8,645,000
EDGAR ↗Oct 14, 2025SPI Chisholm Trail Equity DE, LLCDCommercial$8,000,000$0
EDGAR ↗Oct 1, 2024SPI Winsted Equity DE, LLCDCommercial$25,000,000$0
EDGAR ↗Jan 4, 2024SPI La Mirage Recap DE, LLCDCommercial$7,000,000$0
EDGAR ↗Dec 15, 2023SPI Main Street Lofts Equity DE, LLCDCommercial$20,000,000$20,000,000
EDGAR ↗Aug 23, 2023SPI NB Equity 164 DE, LLCDCommercial$15,000,000$0
EDGAR ↗Jul 7, 2023SPI Southpark Equity DE, LLCDCommercial$25,000,000$0
EDGAR ↗Apr 24, 2023SPI Ivy Equity DE, LLCDCommercial$10,000,000$0
EDGAR ↗Apr 10, 2023SPI Buda Equity DE, LLCDCommercial$10,000,000$0
EDGAR ↗Aug 23, 2022SPI Skyview North Equity 336 DE, LLCDCommercial$38,000,000$0
EDGAR ↗Apr 5, 2022SPI Southpoint Equity 228 DE, LLCDCommercial$20,000,000$0
EDGAR ↗Nov 9, 2021SPI SoFlo Equity 339 DE, LLCDCommercial$15,000,000$0
EDGAR ↗Jun 15, 2021SPI Central Texas 541 DE, LLCDCommercial$35,000,000$0
EDGAR ↗Dec 31, 2020SPI DFW 351 DE, LLCDCommercial$20,000,000$0
EDGAR ↗Oct 21, 2020SPI Hometown Equity DE LLCDCommercial$20,000,000$0
EDGAR ↗Feb 4, 2020SPI CR Greenfield 178 DE, LLCDCommercial$8,000,000$0
EDGAR ↗Jun 20, 2019SPI CR Tyler 104, LLCDCommercial$3,000,000$0
EDGAR ↗Apr 12, 2019SPI Texas 530, LLCDCommercial$27,000,000$0
EDGAR ↗Nov 15, 2018Bullard 392, LLCDCommercial$10,000,000$0
EDGAR ↗Oct 17, 2018SPI Ascent North 460, LLCD/AConstruction$29,000,000$0
EDGAR ↗Jul 30, 2018SPI Ascent North 460, LLCDConstruction$29,000$0
EDGAR ↗May 18, 2018SPI Bluffview 181, LLCDCommercial$12,000,000$0

Activity: 2 new offerings in the last 12 months across all issuers in this group (new offering = a Form D that is not an amendment, D/A) · most recent filing Sep 17, 2026. Industry history, as reported on each offering's latest filing: Previous offerings: Commercial (2018), Construction (2018). Latest offering: Commercial (2018–2026; most recent Sep 17, 2026).

People across the group

NameRolesIssuers hereFirst → last listed
MB Michael BeckerExecutive Officer22May 18, 2018 → Sep 17, 2026
SM Sean MabarakExecutive Officer16Apr 12, 2019 → Sep 17, 2026
PS Paul ShivelyExecutive Officer, Promoter5Apr 12, 2019 → Jul 7, 2023
RP Robert Barrett PottsExecutive Officer3Nov 15, 2018 → Feb 4, 2020
NM Nathaniel MerrillExecutive Officer2Apr 12, 2019 → Jun 15, 2021
PE Paul EsajianExecutive Officer2Apr 12, 2019 → Jun 15, 2021
KS Konrad SopielnikowExecutive Officer2Apr 12, 2019 → Jun 15, 2021
JB John BlackburnExecutive Officer2May 18, 2018 → Oct 17, 2018
SM SPI MGR, entityExecutive Officer1Dec 15, 2023 → Dec 15, 2023

Business registration (state registry / Secretary of State)

16 of 22 issuers have a matched state registry record — records by status: active 16.

Registries searched: AL (Alabama Secretary of State — Business Entity Records (arc-sos.state.al.us), searched by issuer name, data as of Oct 24, 2026); CO (Colorado Secretary of State — Business Entities in Colorado (data.colorado.gov), data as of Oct 23, 2026); CT (Connecticut Secretary of the State — Business Registry (data.ct.gov), data as of Oct 24, 2026); FL (Florida Department of State, Division of Corporations — quarterly corporate data file (Sunbiz), data as of Oct 7, 2026); KY (Kentucky Secretary of State — Business Entity Search (sosbes.sos.ky.gov), searched by issuer name, data as of Oct 24, 2026); NY (New York Department of State — Corporations and Other Entities (data.ny.gov: All Filings + Active Corporations), data as of Oct 20, 2026); OR (Oregon Secretary of State — Active Businesses, All (data.oregon.gov), data as of Oct 20, 2026); PA (Pennsylvania Department of State — Registered Businesses, Current (data.pa.gov), data as of Oct 6, 2026); TX (Texas Comptroller — Active Franchise Taxpayers incl. Secretary of State file data (data.texas.gov), data as of Oct 24, 2026). Registries of other states have not been searched: many publish no bulk file and require a CAPTCHA or bot challenge on their search page, which we do not bypass (Delaware, for example, offers no public bulk file). A registry listing is the state's own record of the entity; it says nothing about the offering itself.

Adviser registration (Form ADV)

Searched SEC Form ADV bulk data (registered + exempt reporting advisers) (24,962 records as of Oct 2, 2026, 8:00 AM ET) — nothing matched Spi.

Meta advertising

No Meta Pixel ids or Facebook / Instagram page links on file for Spi as of Oct 24, 2026 — the sponsor website is read for them once it is on file (runs automatically). Meta Ad Library: not searched by PartnerFacts (no API access); a one-tap Ad Library search is under Look further.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Public profiles and social

No website or social profile named in Spi's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #110,697 of 374,652 in line (1,386 issuers searched so far). One-tap searches: Look further ↓

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Social and web

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Courts

CourtListener / RECAP (federal) ↗PACER case locator (federal, login) ↗Texas re:SearchTX court records ↗

Securities regulators

SEC EDGAR full-text search ↗SEC action look-up ↗FINRA BrokerCheck ↗SEC IAPD adviser search ↗

Business registries

Texas Secretary of State business search ↗OpenCorporates ↗