# Merchants Capital Tax Credit Equity Fund 25, LLC — Form D Merchants Capital Tax Credit Equity Fund 25, LLC of CARMEL, IN, a company, filed a Form D exempt-offering notice with the SEC on 2025-06-25. The offering totals $66.0M, of which $66.0M was reported sold. Industry: Other Real Estate. ## Offering - Filed: 2025-06-25 - Form: D - Accession: 0002074093-25-000001 - Industry: Other Real Estate - Exemptions: 06b - Total offering: $66.0M - Amount sold: $66.0M - Remaining: $28K - Minimum investment: $1.5M - Investors: 4 - Date of first sale: 2025-06-10 - Security types: equity - Revenue range: Decline to Disclose - SEC file number: 021-549755 ## Issuer - Name: Merchants Capital Tax Credit Equity Fund 25, LLC - CIK: 0002074093 - Entity type: Limited Liability Company - Jurisdiction: INDIANA - Incorporated: 2024 - Address: 410 MONON BLVD., CARMEL, IN, 46032 - Phone: 3177355842 ## Officers, directors & promoters (9) | Name | Role | Location | | --- | --- | --- | | Michael Dury | Executive Officer | Carmel, IN | | Linda Hill | Executive Officer | Carmel, IN | | Christopher Messman | Executive Officer | Carmel, IN | | Terry Oznick | Executive Officer | Carmel, IN | | Julie Sharp | Executive Officer | Carmel, IN | | Ryan Thompson | Executive Officer | Carmel, IN | | N/A MCI Fund 25 Manager, LLC | Promoter | Carmel, IN | | N/A Merchants Bank of Indiana | Promoter | Carmel, IN | | N/A Merchants Capital Investments, LLC | Promoter | Carmel, IN | ## More - [CIK 2074093 on SEC EDGAR (source of record)](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2074093&type=&dateb=&owner=include&count=40) - [This page as markdown (for LLM agents)](https://search.stillhousedata.com/formd/0002074093-25-000001.md) - [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/) --- Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com). Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.