Rule 506(b) PPM software
A PPM drafted for Rule 506(b) offerings
Rule 506(b) prohibits general solicitation and can permit up to 35 non-accredited purchasers who satisfy the applicable sophistication requirement, alongside accredited investors. PPMWizard's 506(b) framework renders related draft language for counsel review.
No card required. Export one offering for $29, or unlimited drafts and exports for $49/month while Pro is active.
Drafting software. Attorney review required before issuance. Legal and filing costs are separate.
Open a full fictional PPM sample
Illustrative draft inputs
Cedar Grove MHC
Target raise
$2.9M
Minimum commitment
$50K
Your terms become an editable draft for counsel review.
Image and sample offering are illustrative.
Questions that fit your deal
Asset-specific inputs and editable narrative sections.
See the draft as you go
A connected on-screen preview before you pay.
Give counsel a working file
Paid Word and PDF exports for review and revision.
Try a few inputs
See how your deal takes shape on the page.
Change the example terms and watch the draft update. This simplified illustration shows the input-to-document workflow. Open the full demo to explore more of the actual workspace.
- 1
Describe the property
Start with the asset, location, unit mix, and acquisition strategy.
- 2
Build the deal economics
Add the rent roll, capital budget, loan terms, and distribution inputs.
- 3
Review the investor story
Choose relevant risks and read the assembled draft before counsel review.
PPMWizard workspace
Simplified interactive illustration
Try your terms
Change a term to update the draft excerpt and budget amounts. These demo edits stay on this page.
Draft excerpt
Updates as you typeReal Estate · Private placement memorandum
Cedar Grove MHC
The proposed offering targets $2,850,000 in commitments, with a minimum investment of $50,000. Final terms and disclosures require issuer and counsel review.
Target raise
$2,850,000
Minimum investment
$50,000
Real Estate · Private placement memorandum
Cedar Grove MHC
This illustrative budget allocates the $2,850,000 target across property investment, reserves, and offering expenses. Adjust reserves below to see the composition change.
Real Estate · Private placement memorandum
Cedar Grove MHC
Example topics for Cedar Grove MHC. Select, revise, and add disclosures with counsel for the actual offering.
- Property operations and vacancy
- Leverage and refinancing
- Illiquidity and loss of capital
Illustrative topics only. This is not a complete risk assessment.
- Property investment · 80%
- $2,280,000
- Reserves · 15%
- $427,500
- Offering expenses · 5%
- $142,500
Illustrative budget inputs, not a return model or forecast. Edit the reserve percentage in Use of proceeds.
Nothing is saved or submitted. Attorney review required before issuance.
Read the full fictional sampleThe details, when you need them
What this starting point covers.
Review the workflow, fit, and boundaries with your team. Your attorney determines the final disclosure and document scope.
Browse the help centerWhat this framework is
Rule 506(b) is an exemption from Securities Act registration for offerings without general solicitation. It does not cap the offering amount and can permit accredited investors plus up to 35 non-accredited purchasers who, alone or with a purchaser representative, meet the applicable sophistication standard.
Whether a communication is general solicitation and whether an offeree relationship is sufficient are fact-specific legal questions. Do not advertise or make offers until securities counsel has reviewed the planned channels, audience, and offering procedures.
When it may fit
506(b) may fit when the issuer does not plan to use general solicitation and wants counsel to evaluate participation by accredited investors and, if applicable, a limited number of sophisticated non-accredited investors.
A publicly marketed raise may require a different pathway. Counsel should select and document the exemption before any offer or public communication is made.
PPMWizard's tuning for this framework
When you pick 506(b) at the start of the wizard, the draft renders cover-page and suitability language that reflects the no-general-solicitation posture and the potential non-accredited-purchaser limit. The investor questionnaire includes qualification and sophistication questions for counsel review. PPMWizard does not generate a definitive subscription agreement or determine what Rule 502(b)(2) information must be delivered to any non-accredited participants.
The Form D preparation worksheet renders with the 506(b) box and investor-count inputs ready for counsel review before filing through EDGAR.
Open the output
Read a full draft before you start yours.
Fictional examples you can open without an account. Explore the layout, deal terms, disclosures, and supporting sections.
Cedar Grove MHC
Oklahoma City, OK
Target raise
$2.9M
Minimum
$50K
506(b) · Manufactured Housing
Stabilized MHP Community
128-pad stabilized MHC, tenant-owned home park with lot-rent upside.
Read the full sampleSouthside Logistics Portfolio
Atlanta-Sandy Springs-Alpharetta, GA
Target raise
$32M
Minimum
$250K
506(c) · Industrial
Last-Mile Industrial Portfolio
Three-building 485,000 sq ft last-mile portfolio in southwest Atlanta infill submarkets.
Read the full sampleHarpeth Crossing
Nashville-Davidson, TN
Target raise
$9.8M
Minimum
$50K
506(c) · Retail
Grocery-Anchored Retail Center
Publix-anchored neighborhood center with 96% occupancy in high-growth Franklin submarket.
Read the full sampleNorthstar Operator Search Fund
United States, Software
Target raise
$2.5M
Minimum
$50K
506(b) · Business Acquisition
Search Fund, Vertical SaaS Acquisition
Two operator-searchers acquiring a single $8–15M ARR vertical SaaS business, with stepped-up carried interest.
Read the full sampleStart with your deal
You have the terms.
Give them a working draft.
Draft and preview up to three offerings free. Add detail at your pace, then unlock exports when you are ready for counsel review.
One offering
Export package and later revisions to that offering.
$29once
Pro monthly
Unlimited drafts and supported exports while active.
$49/mo
USD software prices. Counsel, filing fees, other vendor charges, and any applicable taxes are separate.
A few practical questions
Before you start.
What can I try before paying?
Create up to three offerings and review the on-screen draft previews without a card. Editable Word, PDF, and other supported exports require paid access.
Does the software replace securities counsel?
No. This is drafting software. You retain qualified securities counsel separately to confirm the structure, exemption, disclosures, calculations, and final document before issuance.
How do I choose the right starting point?
Review the sample and the workflow details with your counsel. Select the asset workflow and offering framework that match the actual transaction; the software does not determine eligibility or legal compliance.