The Nine (Memphis)
Nelson-track. Foreclosure / receivership. Not in the Waterfall nine despite the name.
- Offering
- Form D 17 Sep 2019 · first sale 16 Aug 2019 · $14,376,532 · CIK 0001788353
- Selling group
- 9 commissioned sellers across 7 broker-dealers. Pending disputes are allegations.
- Live legal posture
- Plaintiff in OC 30-2026-01543537 (filed 29 Jan 2026). Allegations.
- 12206 conservative line
- 16 Aug 2025, if the actual close is near the Form D first sale. Actual subscription dates, not Form D dates, are the ones that matter.
- Alleged capital call
- 1 Feb 2022 (forum). Holder said it was mandatory, later treated as extra equity.
Forum status: foreclosure/receivership. Stub. Not the Waterfall “nine.” Named plaintiff in OC 30-2026-01543537 (“The Nine Memphis”). Allegations in that suit.
Forum: distributions cut in half April 2020 and stopped May 2020. A holder reports an alleged capital call 1 Feb 2022, described as mandatory, later treated as extra equity rather than repaid (8 Sep 2026 post).