Rule 504 PPM software
A PPM draft for Rule 504 offerings
Rule 504 can exempt eligible offerings of up to $10 million in a 12-month period, but it does not provide Rule 506-style state-law preemption. PPMWizard organizes a cautious Rule 504 draft and applicable Form D preparation worksheet 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
Desert Ridge Apartments
Target raise
$8.5M
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
Desert Ridge Apartments
The proposed offering targets $8,500,000 in commitments, with a minimum investment of $50,000. Final terms and disclosures require issuer and counsel review.
Target raise
$8,500,000
Minimum investment
$50,000
Real Estate · Private placement memorandum
Desert Ridge Apartments
This illustrative budget allocates the $8,500,000 target across property investment, reserves, and offering expenses. Adjust reserves below to see the composition change.
Real Estate · Private placement memorandum
Desert Ridge Apartments
Example topics for Desert Ridge Apartments. 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%
- $6,800,000
- Reserves · 15%
- $1,275,000
- Offering expenses · 5%
- $425,000
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.
Try the full demoThe 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 504 is a Regulation D exemption that may be available to eligible issuers for offerings up to $10 million during a 12-month period. Investment companies, Exchange Act reporting companies, and certain disqualified issuers are not eligible. The federal exemption does not eliminate applicable state registration, qualification, notice, fee, or antifraud requirements.
Rule 504 does not create a blanket right to advertise or issue freely tradable securities. General solicitation and unrestricted securities are permitted only when the offering satisfies specified Rule 504 conditions. Counsel must evaluate the federal and state path before any offer is made.
When it may fit
Rule 504 may be considered for a smaller offering when the issuer and counsel are prepared to address each relevant state and the planned amount remains within the federal cap after integration and other offering rules are considered.
It is not simply a smaller version of Rule 506. Investor eligibility, solicitation, resale status, disclosure, filing, and state review can differ materially by the chosen route and jurisdictions.
PPMWizard's support and limits
Selecting Rule 504 adds framework-specific draft language and makes the Form D preparation worksheet available. The wizard records the intended framework, offering amount, jurisdictions, distribution approach, and investor facts for counsel to reconcile.
PPMWizard does not determine issuer eligibility, calculate an integrated 12-month offering amount, authorize general solicitation, register an offering with a state, or file Form D. Qualified securities counsel must confirm the pathway, disclosures, legends, and filings.
Start 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.