Form D Raw Data - Electronic Filing Depository

EFDID: 247907EFD: Raw Data

Issuer: National Multifamily Portfolio II DST (0001717288) - D

Accession: 0001717288-17-000001 () (EDGAR Files) (Form D)

Edgar Posted: Oct. 6, 2017
EFD Posted: Oct. 6, 2017

- < edgarSubmission >

< schemaVersion > X0708 </ schemaVersion >

< submissionType > D </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001717288 </ cik >

< entityName > National Multifamily Portfolio II DST </ entityName >

- < issuerAddress >

< street1 > 2901 BUTTERFIELD ROAD </ street1 >

< city > OAK BROOK </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60523 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 6302184916 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Business Trust </ entityType >

- < yearOfInc >

< withinFiveYears > true </ withinFiveYears >

< value > 2017 </ value >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > Inland Private Capital Corporation </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 2901 Butterfield Road </ street1 >

< city > Oak Brook </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60523 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Sponsor of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > NMP II Depositor L.L.C </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > c/o Inland Private Capital Corporation </ street1 >

< street2 > 2901 Butterfield Road </ street2 >

< city > Oak Brook </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60523 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Depositor of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > NMP II Exchange, L.L.C. </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > c/o Inland Private Capital Corporation </ street1 >

< street2 > 2901 Butterfield Road </ street2 >

< city > Oak Brook </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60523 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Signatory Trustee of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Other Real Estate </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06b </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > false </ isAmendment >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2017-09-21 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > false </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

< clarificationOfResponse />

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 25000 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > Silver Portal Capital LLC </ recipientName >

< recipientCRDNumber > 114290 </ recipientCRDNumber >

< associatedBDName > Iaian Fillippini </ associatedBDName >

< associatedBDCRDNumber > 4708877 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 12265 El Camino Real </ street1 >

< street2 > Suite 230 </ street2 >

< city > San Diego </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92130 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > NV </ state >

< description > NEVADA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Concorde Investment Services, LLC </ recipientName >

< recipientCRDNumber > 151604 </ recipientCRDNumber >

< associatedBDName > Robert Smith </ associatedBDName >

< associatedBDCRDNumber > 1412333 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5000 Meadows Road </ street1 >

< street2 > Suite 230 </ street2 >

< city > Lake Oswego </ city >

< stateOrCountry > OR </ stateOrCountry >

< stateOrCountryDescription > OREGON </ stateOrCountryDescription >

< zipCode > 97035 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OR </ state >

< description > OREGON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Concorde Investment Services, LLC </ recipientName >

< recipientCRDNumber > 151604 </ recipientCRDNumber >

< associatedBDName > Daniel Raupp </ associatedBDName >

< associatedBDCRDNumber > 4079107 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 417 East Main Street </ street1 >

< street2 > 3rd Floor </ street2 >

< city > Port Jefferson </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 11777 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Primex Prime Electronic Execution Inc </ recipientName >

< recipientCRDNumber > 29394 </ recipientCRDNumber >

< associatedBDName > Christina Nielson </ associatedBDName >

< associatedBDCRDNumber > 29394 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 650 Town Center Drive </ street1 >

< city > Costa Mesa </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92626 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Neil Schmerling </ associatedBDName >

< associatedBDCRDNumber > 4075729 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 261 Old York Road </ street1 >

< street2 > Suite 514 </ street2 >

< city > Jenkintown </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 19046 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Harold Briggs </ associatedBDName >

< associatedBDCRDNumber > 4404074 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 117 Metro Center Boulevard </ street1 >

< street2 > Suite 3000 </ street2 >

< city > Warwick </ city >

< stateOrCountry > RI </ stateOrCountry >

< stateOrCountryDescription > RHODE ISLAND </ stateOrCountryDescription >

< zipCode > 02886 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Douglas Donald </ associatedBDName >

< associatedBDCRDNumber > 3250757 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2408 Greatstone Point </ street1 >

< city > Lexington </ city >

< stateOrCountry > KY </ stateOrCountry >

< stateOrCountryDescription > KENTUCKY </ stateOrCountryDescription >

< zipCode > 40504-3274 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > KY </ state >

< description > KENTUCKY </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Sagepoint Financial, Inc </ recipientName >

< recipientCRDNumber > 133763 </ recipientCRDNumber >

< associatedBDName > Jonathan Hendrix </ associatedBDName >

< associatedBDCRDNumber > 4543970 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5310 Clark Road </ street1 >

< street2 > Suite 204 </ street2 >

< city > Sarasota </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 34233 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Dominick Sarinelli </ associatedBDName >

< associatedBDCRDNumber > 5409729 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 200 Valley Road </ street1 >

< street2 > Suite 3000 </ street2 >

< city > Mount Arlington </ city >

< stateOrCountry > NJ </ stateOrCountry >

< stateOrCountryDescription > NEW JERSEY </ stateOrCountryDescription >

< zipCode > 07856 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CO </ state >

< description > COLORADO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Silver Portal Capital LLC </ recipientName >

< recipientCRDNumber > 114290 </ recipientCRDNumber >

< associatedBDName > Paul Rogers </ associatedBDName >

< associatedBDCRDNumber > 6296495 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 12265 El Camino Real </ street1 >

< street2 > Suite 230 </ street2 >

< city > San Diego </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92130 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Crown Capital Securities L.P. </ recipientName >

< recipientCRDNumber > 6312 </ recipientCRDNumber >

< associatedBDName > Justin Lowy </ associatedBDName >

< associatedBDCRDNumber > 5935993 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 725 Town and Country Road </ street1 >

< street2 > Suite 530 </ street2 >

< city > Orange </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92868 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Emerson Equity LLC </ recipientName >

< recipientCRDNumber > 130032 </ recipientCRDNumber >

< associatedBDName > Dinesh Gupta </ associatedBDName >

< associatedBDCRDNumber > 6469999 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 777 North First Street </ street1 >

< street2 > Suite 720 </ street2 >

< city > San Jose </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 95112 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CO </ state >

< description > COLORADO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Harbour Investments, Inc </ recipientName >

< recipientCRDNumber > 19258 </ recipientCRDNumber >

< associatedBDName > Kendra Erkamaa </ associatedBDName >

< associatedBDCRDNumber > 4856375 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3101 Ingersoll Ave </ street1 >

< street2 > Suite 204 </ street2 >

< city > Des Moines </ city >

< stateOrCountry > IA </ stateOrCountry >

< stateOrCountryDescription > IOWA </ stateOrCountryDescription >

< zipCode > 50312 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IA </ state >

< description > IOWA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > McDermott Investment Services, LLC </ recipientName >

< recipientCRDNumber > 155633 </ recipientCRDNumber >

< associatedBDName > Debra Schleining </ associatedBDName >

< associatedBDCRDNumber > 2768752 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 13530 Parker Street </ street1 >

< city > Omaha </ city >

< stateOrCountry > NE </ stateOrCountry >

< stateOrCountryDescription > NEBRASKA </ stateOrCountryDescription >

< zipCode > 68154 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OH </ state >

< description > OHIO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > G Dennis Shay </ associatedBDName >

< associatedBDCRDNumber > 3134093 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1501 East Mockingbird Lane </ street1 >

< street2 > Suite 300 </ street2 >

< city > Victoria </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 77904-2153 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Cabot Lodge Securities LLC </ recipientName >

< recipientCRDNumber > 159712 </ recipientCRDNumber >

< associatedBDName > Robert Tweed </ associatedBDName >

< associatedBDCRDNumber > 2339324 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2060 Huntington Drive </ street1 >

< street2 > Suite 1 </ street2 >

< city > San Marino </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 91108 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Michael Moomaw </ associatedBDName >

< associatedBDCRDNumber > 6236376 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5635 NE Elam Young Parkway </ street1 >

< street2 > Suite 100 </ street2 >

< city > Hillsboro </ city >

< stateOrCountry > OR </ stateOrCountry >

< stateOrCountryDescription > OREGON </ stateOrCountryDescription >

< zipCode > 97124 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OR </ state >

< description > OREGON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Nationwide Planning Associates, Inc </ recipientName >

< recipientCRDNumber > 31029 </ recipientCRDNumber >

< associatedBDName > Eric Bicknese </ associatedBDName >

< associatedBDCRDNumber > 2829451 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 375 Route 32 </ street1 >

< city > Central Valley </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10917 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Royal Alliance Associates, Inc. </ recipientName >

< recipientCRDNumber > 23131 </ recipientCRDNumber >

< associatedBDName > John Christy </ associatedBDName >

< associatedBDCRDNumber > 4573758 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1535 Walnut Street </ street1 >

< street2 > Suite 107 </ street2 >

< city > Kansas City </ city >

< stateOrCountry > MO </ stateOrCountry >

< stateOrCountryDescription > MISSOURI </ stateOrCountryDescription >

< zipCode > 64108 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > KS </ state >

< description > KANSAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Leonard Bettencourt </ associatedBDName >

< associatedBDCRDNumber > 4025897 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1325 Campbell Way </ street1 >

< city > Turlock </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 95382 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Commonwealth Financial Network </ recipientName >

< recipientCRDNumber > 8032 </ recipientCRDNumber >

< associatedBDName > Bruce Horowitz </ associatedBDName >

< associatedBDCRDNumber > 1333901 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 6767 Forest Lawn Drive </ street1 >

< street2 > Suite 120 </ street2 >

< city > Los Angeles </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 90068-1027 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > McDermott Investment Services, LLC </ recipientName >

< recipientCRDNumber > 155633 </ recipientCRDNumber >

< associatedBDName > Robert Horning </ associatedBDName >

< associatedBDCRDNumber > 2311640 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 26 West Broad Street </ street1 >

< city > Bethlehem </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 18018 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Investment Planners, Inc </ recipientName >

< recipientCRDNumber > 18557 </ recipientCRDNumber >

< associatedBDName > Tom Ealy </ associatedBDName >

< associatedBDCRDNumber > 863042 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2911 Crossing Court #102 </ street1 >

< city > Champaign </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 61822 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Investment Planners, Inc </ recipientName >

< recipientCRDNumber > 18557 </ recipientCRDNumber >

< associatedBDName > John Foley </ associatedBDName >

< associatedBDCRDNumber > 1287148 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2911 Crossing Court #102 </ street1 >

< city > Champaign </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 61822 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Investment Planners, Inc </ recipientName >

< recipientCRDNumber > 18557 </ recipientCRDNumber >

< associatedBDName > Caleb Smoes </ associatedBDName >

< associatedBDCRDNumber > 5968483 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2911 Crossing Court #102 </ street1 >

< city > Champaign </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 61822 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Woodbury Financial Services, Inc </ recipientName >

< recipientCRDNumber > 421 </ recipientCRDNumber >

< associatedBDName > David Florell </ associatedBDName >

< associatedBDCRDNumber > 5210813 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5831 South 58th Street </ street1 >

< street2 > Suite D </ street2 >

< city > Lincoln </ city >

< stateOrCountry > NE </ stateOrCountry >

< stateOrCountryDescription > NEBRASKA </ stateOrCountryDescription >

< zipCode > 68516 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NE </ state >

< description > NEBRASKA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Investment Planners, Inc </ recipientName >

< recipientCRDNumber > 18557 </ recipientCRDNumber >

< associatedBDName > Christopher Mackenzie </ associatedBDName >

< associatedBDCRDNumber > 4164821 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 420 Maine Street </ street1 >

< city > Quincy </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 62301 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Concorde Investment Services, LLC </ recipientName >

< recipientCRDNumber > 151604 </ recipientCRDNumber >

< associatedBDName > Delmar McKinney </ associatedBDName >

< associatedBDCRDNumber > 1186853 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 700 N Main Street </ street1 >

< city > Taylor </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 76574 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Kovack Securities, Inc </ recipientName >

< recipientCRDNumber > 44848 </ recipientCRDNumber >

< associatedBDName > Chris Hartman </ associatedBDName >

< associatedBDCRDNumber > 1850747 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3757 State Steet </ street1 >

< street2 > Suite 3A </ street2 >

< city > Santa Barbara </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 93105 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Sigma Financial Corporation </ recipientName >

< recipientCRDNumber > 14303 </ recipientCRDNumber >

< associatedBDName > Tom Velken </ associatedBDName >

< associatedBDCRDNumber > 1600404 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1078 Carol Lane #203 </ street1 >

< city > Lafayette </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94549 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Berge Avedisian </ associatedBDName >

< associatedBDCRDNumber > 2750210 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 25 West 45th Street </ street1 >

< street2 > Suite 504 </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10036 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Sagepoint Financial, Inc </ recipientName >

< recipientCRDNumber > 133763 </ recipientCRDNumber >

< associatedBDName > Jonathan Keller </ associatedBDName >

< associatedBDCRDNumber > 4344114 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3340-A Bee Ridge Road </ street1 >

< city > Sarasota </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 34231 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Westpark Capital Inc </ recipientName >

< recipientCRDNumber > 39914 </ recipientCRDNumber >

< associatedBDName > David Levinson </ associatedBDName >

< associatedBDCRDNumber > 705929 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 18872 MacArthur Blvd </ street1 >

< street2 > 1st Floor </ street2 >

< city > Irvine </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92612 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > GA </ state >

< description > GEORGIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Jerome Kotzur </ associatedBDName >

< associatedBDCRDNumber > 4394788 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1501 East Mockingbird Lane, Suite 300 </ street1 >

< city > Victoria </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 77904-2153 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Centaurus Financial, Inc. </ recipientName >

< recipientCRDNumber > 30833 </ recipientCRDNumber >

< associatedBDName > Nicholas Ellis </ associatedBDName >

< associatedBDCRDNumber > 1082891 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 14841 Yorba Street </ street1 >

< street2 > Suite 101 </ street2 >

< city > Tustin </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92780 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > DFPG Investments, Inc </ recipientName >

< recipientCRDNumber > 155576 </ recipientCRDNumber >

< associatedBDName > Joseph Broadbent </ associatedBDName >

< associatedBDCRDNumber > 3132498 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 9017 S Riverside Drive </ street1 >

< street2 > Suite 200 </ street2 >

< city > Sandy </ city >

< stateOrCountry > UT </ stateOrCountry >

< stateOrCountryDescription > UTAH </ stateOrCountryDescription >

< zipCode > 84070 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Centaurus Financial, Inc. </ recipientName >

< recipientCRDNumber > 30833 </ recipientCRDNumber >

< associatedBDName > John Scully </ associatedBDName >

< associatedBDCRDNumber > 803539 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 450 Skokie Boulevard </ street1 >

< street2 > Suite 301 </ street2 >

< city > Northbrook </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60062 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IL </ state >

< description > ILLINOIS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > FSC Securities Corporation </ recipientName >

< recipientCRDNumber > 7461 </ recipientCRDNumber >

< associatedBDName > Ralph Adamo </ associatedBDName >

< associatedBDCRDNumber > 1624126 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3991 Macarthur Blvd </ street1 >

< street2 > Suite 215 </ street2 >

< city > Newport Beach </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92660 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > The Strategic Financial Alliance </ recipientName >

< recipientCRDNumber > 126514 </ recipientCRDNumber >

< associatedBDName > Brian Bennett </ associatedBDName >

< associatedBDCRDNumber > 821115 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 731 N Tejon Street </ street1 >

< city > Colorado Springs </ city >

< stateOrCountry > CO </ stateOrCountry >

< stateOrCountryDescription > COLORADO </ stateOrCountryDescription >

< zipCode > 80903 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CO </ state >

< description > COLORADO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Parkland Securites, LLC </ recipientName >

< recipientCRDNumber > 115368 </ recipientCRDNumber >

< associatedBDName > Stuart Leibowitz </ associatedBDName >

< associatedBDCRDNumber > 4483111 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4066 Butler Pike </ street1 >

< city > Plymouth Meeting </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 19462 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NJ </ state >

< description > NEW JERSEY </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Centaurus Financial, Inc </ recipientName >

< recipientCRDNumber > 30833 </ recipientCRDNumber >

< associatedBDName > Kate King </ associatedBDName >

< associatedBDCRDNumber > 4654157 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4000 Barranca Parkway </ street1 >

< street2 > Suite 250 </ street2 >

< city > Irvine </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92604 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AL </ state >

< description > ALABAMA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Cambridge Investment Research </ recipientName >

< recipientCRDNumber > 39543 </ recipientCRDNumber >

< associatedBDName > Scott Bombeck </ associatedBDName >

< associatedBDCRDNumber > 3042556 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 211 Lazaretto Road </ street1 >

< street2 > Suite 9f </ street2 >

< city > Prospect Park </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 19076 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > FSC Securities Corporation </ recipientName >

< recipientCRDNumber > 7461 </ recipientCRDNumber >

< associatedBDName > M Jay Mulligan </ associatedBDName >

< associatedBDCRDNumber > 2491539 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 9200 Indian Creek Parkway </ street1 >

< street2 > Suite 140 </ street2 >

< city > Overland Park </ city >

< stateOrCountry > KS </ stateOrCountry >

< stateOrCountryDescription > KANSAS </ stateOrCountryDescription >

< zipCode > 66210 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > KS </ state >

< description > KANSAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Royal Alliance Associates, Inc </ recipientName >

< recipientCRDNumber > 23131 </ recipientCRDNumber >

< associatedBDName > David Fingerhut </ associatedBDName >

< associatedBDCRDNumber > 2206103 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 16020 Swingley Ridge Road </ street1 >

< street2 > Suite 100 </ street2 >

< city > Chesterfield </ city >

< stateOrCountry > MO </ stateOrCountry >

< stateOrCountryDescription > MISSOURI </ stateOrCountryDescription >

< zipCode > 63017 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Royal Alliance Associates, Inc </ recipientName >

< recipientCRDNumber > 23131 </ recipientCRDNumber >

< associatedBDName > William Upson </ associatedBDName >

< associatedBDCRDNumber > 1241673 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1990 N California Blvd </ street1 >

< street2 > 8th Floor </ street2 >

< city > Walnut Creek </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 945696 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Cambridge Investment Research </ recipientName >

< recipientCRDNumber > 39543 </ recipientCRDNumber >

< associatedBDName > Ann Stewart </ associatedBDName >

< associatedBDCRDNumber > 2388888 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2114 N Lincoln Ave #206 </ street1 >

< city > Loveland </ city >

< stateOrCountry > CO </ stateOrCountry >

< stateOrCountryDescription > COLORADO </ stateOrCountryDescription >

< zipCode > 80538 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CO </ state >

< description > COLORADO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Northeast Financial Group, Inc </ recipientName >

< recipientCRDNumber > 134224 </ recipientCRDNumber >

< associatedBDName > Robert Hackenberg </ associatedBDName >

< associatedBDCRDNumber > 1064715 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > State Route 611 </ street1 >

< city > Tannersville </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 18372 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Daniel Vincent </ associatedBDName >

< associatedBDCRDNumber > 4400096 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2611 Forest Ave Suite 120 </ street1 >

< city > Chico </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 95928 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Centaurus Financial, Inc </ recipientName >

< recipientCRDNumber > 30833 </ recipientCRDNumber >

< associatedBDName > Kelley Slaught </ associatedBDName >

< associatedBDCRDNumber > 1126586 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3902 State Street Suite 101 </ street1 >

< city > Santa Barbara </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 93105 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Centaurus Financial, Inc </ recipientName >

< recipientCRDNumber > 30833 </ recipientCRDNumber >

< associatedBDName > Michael Morando </ associatedBDName >

< associatedBDCRDNumber > 6098724 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3902 State Street Suite 101 </ street1 >

< city > Santa Barbara </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 93105 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Sagepoint Financial, Inc </ recipientName >

< recipientCRDNumber > 133763 </ recipientCRDNumber >

< associatedBDName > Maxwell PHillips </ associatedBDName >

< associatedBDCRDNumber > 4953387 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3902 State Street Suite 101 </ street1 >

< city > Santa Barbara </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 93105 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > DFPG Investments, Inc </ recipientName >

< recipientCRDNumber > 155576 </ recipientCRDNumber >

< associatedBDName > Scott Sheehan </ associatedBDName >

< associatedBDCRDNumber > 2328614 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2 Orr Hatch Drive </ street1 >

< city > Cornwall </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 12518 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > 1st Global Capital Corporation </ recipientName >

< recipientCRDNumber > 30349 </ recipientCRDNumber >

< associatedBDName > Marcia Geltman </ associatedBDName >

< associatedBDCRDNumber > 5540688 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 200 Valley Road Suite 300 </ street1 >

< city > Mount Arlington </ city >

< stateOrCountry > NJ </ stateOrCountry >

< stateOrCountryDescription > NEW JERSEY </ stateOrCountryDescription >

< zipCode > 07856 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NJ </ state >

< description > NEW JERSEY </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 63028537 </ totalOfferingAmount >

< totalAmountSold > 37408053 </ totalAmountSold >

< totalRemaining > 25620484 </ totalRemaining >

< clarificationOfResponse />

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 68 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 4979255 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ findersFees >

< clarificationOfResponse > Sales Commissions includes estimates of the maximum amount of Selling Commissions, Dealer Fees and Placement Agent Fees that may be paid to one or more Related Persons. </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 3408257 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ grossProceedsUsed >

< clarificationOfResponse > Item 16 is an estimate of acquisition fees and offering and organizational expenses that may accrues to one or more Related Persons </ clarificationOfResponse >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > National Multifamily Portfolio II DST </ issuerName >

< signatureName > /s/ Keith D. Lampi </ signatureName >

< nameOfSigner > Keith D. Lampi </ nameOfSigner >

< signatureTitle > President of Member of Signatory Trustee of the Issuer </ signatureTitle >

< signatureDate > 2017-10-06 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >