Patrick Cardon is listed as an executive officer, director, and promoter on 9 SEC Form D filings by 6 issuers between Mar 2010 and Apr 2025. Largest by amount reported sold: Baseline CRE Income Fund, LLC (Mesa, AZ — commercial — 2019–2021; $29.1M reported sold to 121 investors), Cardon Partners Fund, L.P. (Mesa, AZ — investing — 2010; $12.4M reported sold to 5 investors), Window Rock Residential Recovery Fund, L.P. (Gilbert, AZ — pooled investment fund — 2013–2014; $12M reported sold to 10 investors), Arrowhead 59 LLC (Mesa, AZ — commercial — 2024; $5.28M reported sold to 36 investors), Baseline Forum LLC (Mesa, AZ — commercial — 2025; $3.41M reported sold to 22 investors) and 1 more (all listed below).
What this means A repeat sponsor — 6 separate companies raised money with this person listed as executive officer, director, and promoter, over about 15 years. Across those companies the filings report $62.3M sold in total.
5 of the issuers belong to the sponsor group Baseline (5 issuers, $49.9M reported sold, 2013–2025).
What this means A sponsor group is one team that sets up a new company for each deal. Baseline has 5 companies on file and $49.9M reported sold in total — the group page shows the whole track record in one place.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA) — none found.
What this means Nothing turned up where we looked (3 sources). That does not prove there is nothing — it means none was found in those sources on that date.
We compared 9 public filings for Patrick Cardon and found 5 differences, 1 worth asking the sponsor about: Form D filed 65 days after the first sale; 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.