INDEPENDENT VERDICT
PHB Capital Fund, LLC is a newly formed Delaware real estate vehicle whose SEC filing is sparse on portfolio details but unusually easy to connect to an established Central California property operator. The September 10, 2026 Form D describes a $5 million Rule 506(b) offering, $0 sold, zero investors, a $50,000 minimum and no first sale yet. Unlike a conventional private-equity fund filing, PHB selected "Other Real Estate" as its industry and checked both Debt and Pooled Investment Fund Interests as securities offered. Jason Pritchard is the only related person and signs as President of Manager, although the filing does not disclose the manager's legal name. The most important external evidence is unusually exact: PHB Capital Fund uses 1187 N. Willow Ave., Suite 103, PMB 609 in Clovis and telephone 559-994-1821 — the same address and phone publicly listed for Jason Pritchard's Pinnacle Investments LLC. That provides a strong operating link while still stopping short of proving that Pinnacle Investments is the legal manager of the fund.
THE ADDRESS AND PHONE MATCH ARE MUCH STRONGER THAN A SIMPLE SAME-NAME CONNECTION
Pinnacle Investments LLC's public business record lists Jason Pritchard as owner, gives the exact PHB Capital Fund address and uses the identical 559-994-1821 telephone number. Independent real-estate licensing records also associate Jason Pritchard with that same phone number, while his public investment biography identifies him as a Clovis-based real estate investor and land developer. This combination — identical person, address, telephone and business sector — makes it reasonable to describe PHB Capital Fund as emerging from Pritchard's existing Central California real estate operating ecosystem. What is not yet established is the legal bridge: the Form D does not name Pinnacle Investments LLC, Pinnacle Homebuyers or another Pritchard entity as manager, borrower, property owner or promoter. FilingDossier therefore treats the connection as strongly evidenced operational continuity rather than inventing an ownership chain that the public filing does not disclose.
PRITCHARD'S PUBLIC OPERATING HISTORY SUGGESTS WHY THE FUND USES BOTH DEBT AND POOLED-FUND INTERESTS
Pritchard's real estate history is unusually transaction-oriented. Pinnacle Homebuyers says he began investing in 2014 and has since led the purchase of more than 500 homes across California's Central Valley. Earlier public profiles document a business built around fix-and-flip projects, wholesale transactions, buy-and-hold rentals and later land development. A historical investor biography tied to the exact 559-994-1821 number describes a focus on short-term fix-and-flip projects while also acquiring single-family, multifamily and small apartment properties for a rental portfolio. That background makes PHB's debt designation noteworthy: a real estate fund tied to an operator with frequent acquisitions and renovations could potentially use investor capital for acquisition loans, bridge financing, project-level debt, inventory financing or a pooled portfolio. But the SEC filing does not specify which of those models applies, so the actual use of the proposed $5 million remains a central unanswered question.
THE FUND'S REGULATORY STRUCTURE IS ALSO DIFFERENT FROM MANY OF THE PRIVATE FUNDS IN THIS SERIES
PHB Capital Fund did not select the pooled-investment-fund industry category and did not claim a Section 3(c)(1) or 3(c)(7) Investment Company Act exclusion in the reviewed Form D. Instead, it chose Other Real Estate while nevertheless offering pooled investment fund interests alongside debt. It also checked that securities may be sold to persons who are not accredited investors, although zero non-accredited investors and zero total investors had invested at filing. That does not mean the offering is open to the general public: Rule 506(b) prohibits general solicitation and limits the circumstances under which non-accredited investors can participate. It does, however, distinguish PHB from the institutional 3(c)(7) funds in this research series and makes the operating agreement, note documents and subscription materials especially important for determining whether investors are primarily lenders, LLC equity holders or participants in different classes of securities.
FINAL ASSESSMENT
PHB Capital Fund has a clear entity-specific Research Story despite having no reported capital yet. The fund is a new $5 million real estate offering; it combines debt and pooled interests; Jason Pritchard is the sole disclosed related person and President of Manager; the SEC issuer uses the exact address and telephone of his existing Pinnacle Investments business; and Pritchard has an independently documented decade-plus operating history involving hundreds of Central California residential acquisitions, flips and rental assets. Those facts strongly identify the person and operating ecosystem behind the offering, but they do not identify the properties that PHB will own or finance. Before treating the fund as a house-flipping fund, rental fund, land-development vehicle or private mortgage strategy, investors need the manager agreement, note terms, property criteria, leverage policy and asset-level ownership structure.
SEC SNAPSHOT
Issuer: PHB Capital Fund, LLC CIK: 0002153826 SEC Form: Form D Accession No.: 0002153826-26-000001 Filing Date: September 10, 2026 Year Organized: 2026 Jurisdiction: Delaware Principal Address: 1187 N. Willow Ave., Suite 103, PMB 609, Clovis, CA 93611 Telephone: 559-994-1821 Industry: Other Real Estate Offering Exemption: Rule 506(b) Investment Company Act Section 3(c) Exclusion Selected: NO Security Type: Debt Additional Security Type: Pooled Investment Fund Interests Offering Amount: $5,000,000 Amount Sold: $0 Remaining To Be Sold: $5,000,000 Percentage Sold: 0% Investors: 0 Non-Accredited Investors Already Invested: 0 Non-Accredited Investors May Be Permitted: YES Minimum Investment: $50,000 First Sale: Yet to occur Offering Duration Over One Year: YES Business Combination Transaction: NO Sales Commissions: $0 Finder's Fees: $0 Related-Person Payments: $0 Related Person: Jason Pritchard Role: Executive Officer Signer: Jason Pritchard Signer Title: President of Manager
PINNACLE / PRITCHARD PENETRATION
PHB Fund Address: 1187 N. Willow Ave., Suite 103, PMB 609, Clovis, CA 93611 Pinnacle Investments Public Address: Exact same address PHB Fund Telephone: 559-994-1821 Pinnacle Investments Public Telephone: Exact same number Jason Pritchard Listed as Pinnacle Investments Owner: YES Jason Pritchard Real Estate License Publicly Associated With Same Phone: YES Jason Pritchard Clovis Real Estate Investor Identity: Confirmed Pinnacle Homebuyers Founder / CEO: Jason Pritchard Pinnacle Investments Legally Named as PHB Fund Manager in Form D: NO Pinnacle Homebuyers Legally Named in Form D: NO PHB Acronym Proven to Mean "Pinnacle Home Buyers": NO
OPERATING HISTORY
Jason Pritchard Real Estate Investing Start: 2014 Central California / Central Valley Focus: YES Pinnacle Homebuyers Reported Homes Purchased: 500+ Fix-and-Flip History: YES Wholesale Transactions: YES Buy-and-Hold Rental Activity: YES Land Development Activity: YES Historical Rental Portfolio Publicly Documented: YES Historical Small Multifamily / Apartment Acquisition Interest: YES
First Publicly Discussed Fresno Flip Closed: 2015 Reported Profit on That Historical First Flip: $53,956 That Single Historical Deal Represents PHB Fund Performance: NO
FUND STRUCTURE PENETRATION
Debt Offered: YES Pooled Investment Fund Interests Offered: YES Equity Box Selected in Form D: NO Mineral Property Securities: NO Tenant-in-Common Securities: NO Rule 506(b): YES Rule 506(c): NO 3(c)(1): NO 3(c)(7): NO Dedicated Manager Legal Name Disclosed: NO Dedicated Investment Adviser Disclosed: NO CRD Number Disclosed: NO Broker / Dealer Disclosed: NO Specific Property Portfolio Disclosed: NO Specific Borrowers Disclosed: NO Interest Rate Disclosed: NO Debt Maturity Disclosed: NO Collateral Disclosed: NO Target LTV Disclosed: NO
WEBSITE / ENTITY PENETRATION
Dedicated PHB Capital Fund Website Confirmed: NO Jason Pritchard Operating Website Confirmed: YES Pinnacle Homebuyers Website: pinnaclehomebuyers.com Jason Pritchard Personal Investment Website Publicly Identified: YES Fund Address Matches Pinnacle Investments: YES Fund Phone Matches Pinnacle Investments: YES Jason Pritchard SEC Relationship Confirmed: YES Jason Pritchard Pinnacle Relationship Independently Confirmed: YES Exact PHB Manager Entity Confirmed: NO Fund-Level Auditor Confirmed: NO Administrator Confirmed: NO Custodian Confirmed: NO Legal Counsel Confirmed: NO
NAME COLLISION REVIEW
Separate UK-Style PHB Capital Project-Finance Website Exists: YES That Website Uses Different International Project-Finance Business Model: YES That Website Proven Related to Jason Pritchard Fund: NO
Historical PHB-Branded Financial Firms in Other Countries Exist: YES Those Firms Proven Related to CIK 0002153826: NO
Correct Entity Identification Should Rely On: CIK 0002153826 Jason Pritchard Clovis, California 1187 N. Willow Ave. 559-994-1821
CORE INVESTOR QUESTIONS
What is the legal name of the PHB Capital Fund manager Does Pinnacle Investments LLC manage the fund Does "PHB" stand for Pinnacle Home Buyers or something else Will investors purchase debt notes, pooled interests or both If both are offered, what are the economic differences between the security classes What interest rate applies to the debt What is the debt maturity Is investor debt secured by specific properties What loan-to-value limit applies Will PHB lend to affiliated Pritchard companies Will PHB purchase houses directly Will it finance fix-and-flip inventory Will it acquire long-term rental properties Will it finance land development Which Central Valley markets are eligible Can existing Pinnacle properties be transferred into the fund How will related-party property sales be valued What management fee applies Is profit participation or carried interest charged How are renovation and construction expenses handled Who performs independent appraisals Who provides fund accounting, administration and custody What happens if the full $5 million is not raised
PRIMARY EVIDENCE REVIEWED
SEC Form D for PHB Capital Fund, LLC filed September 10, 2026. SEC filing confirming $5 million offering, $0 sold, $50,000 minimum, Rule 506(b), debt and pooled-investment-fund securities. SEC filing identifying Jason Pritchard as Executive Officer and President of Manager. BBB public business record for Pinnacle Investments LLC showing Jason Pritchard as owner and the exact same Clovis address and 559-994-1821 telephone number. Pinnacle Homebuyers official company biography identifying Jason Pritchard as Founder and CEO and describing more than 500 Central Valley home purchases. Public real estate licensing record associating Jason Pritchard with the same 559-994-1821 telephone number. Jason Pritchard public investment biography describing fix-and-flip, rental, multifamily and Central California investment activity. Historical BiggerPockets materials used only to establish the chronology of Pritchard's real estate operating history.
IMPORTANT FORM D NOTICE
PHB Capital Fund LLC's September 10, 2026 Form D reports a $5 million maximum offering but $0 sold, zero investors and no first sale. The exact address, telephone and Jason Pritchard identity match with Pinnacle Investments provide strong evidence of a shared operating ecosystem, but the Form D does not legally identify Pinnacle Investments or Pinnacle Homebuyers as the fund manager and does not establish what the letters "PHB" mean. FilingDossier therefore does not attribute specific Pinnacle properties or historical results to PHB Capital Fund without fund-level documentation. Form D is an exempt-offering notice and does not constitute SEC approval or endorsement.