Prairie Ridge of Galena Raises Over $1M in Equity Offering

The Illinois-based real estate company aims to raise $2 million but plans to keep the offering period under a year.

February 11, 2026

Capital Raise Overview

Prairie Ridge of Galena, LLC has secured $1.04 million in equity funding as part of a $2 million private raise. The Galena, Illinois-based firm launched the offering on January 12, 2026, and expects to close it within the year.

Thirteen investors have already committed capital, with the minimum investment set at $15,000. The company is offering equity under Rule 506(b) of Regulation D, which allows it to raise funds from accredited investors without registering with the SEC. No general solicitation is permitted, and Prairie Ridge isn’t working with brokers or paying sales commissions.

Company Structure and Leadership

The business is structured as a limited liability company and falls under the Other Real Estate category. While it chose not to disclose financial size or revenue, it did report that none of the offering’s proceeds will be used for executive or director compensation.

Leadership includes Eric Dregne, who signed the filing as President and CEO, along with several other directors and officers. Each is based at the company’s Galena headquarters.

Offering Details and Strategy

With $960,000 in equity still available, Prairie Ridge is continuing to accept subscriptions under the same terms. There’s no indication that non-accredited investors are participating, and no pooled investment interests are involved—just direct equity.

The filing outlines a straightforward strategy: raise capital, stay compliant, and move quickly. Prairie Ridge has positioned the raise to run on a short timeline, keeping administrative overhead low and investor terms simple. For a company in the real estate space, that kind of focus helps keep momentum high and decision-making tight.