A North Carolina-based real estate investment fund has filed to raise $50 million, according to a filing with the Securities and Exchange Commission.

Old North Capital filed a Form D with the SEC on Dec. 9. The filing listed a total offering amount of $50 million, which would be brought in through “pooled investment fund interest,” the company said.

So far, $500,000 has been raised by one investor, the Form D said, with the minimum investment accepted being $10,000.

No other details were provided regarding the use of money raised through this offering.

Old North Capital provides asset-based, short term and flexible financing for real estate investors throughout North Carolina. On its website, Old North Capital says it specializes in offering private money loans, or “hard money,” for investors who need quick funding.

An investor first must identify a potential investment opportunity and then select the loan type best suited for his or her needs. These loan types include what Old North Capital calls “Fix & Flip, Bridge, Construction and Transactional.”

David Seroy, founder of the firm, signed off on the Form D on Friday.

Seroy is a recent graduate from the University of Arizona, and he worked for Deloitte in San Francisco before moving to Charlotte and starting Old North Capital.

Private companies similar to Charlotte-based Old North Capital, which rely on a Reg D exemption, aren’t required to register securities offerings with the SEC, but instead they must file a Form D electronically with the SEC after they sell the securities.

The form can be found here.