Landa App 3 LLC
08/28/2024 | Press release | Distributed by Public on 08/28/2024 12:34
Current Report under Regulation A Form 1 U
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 1-U
CURRENT REPORT PURSUANT TO REGULATION A
Date of Report (Date of earliest event reported): August 28, 2024
Landa App 3 LLC
(Exact name of issuer as specified in its charter)
| Delaware | 87-2881696 | |
|
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
20 W. 22nd Street
New York, NY 10010
(Address of principal executive offices)
646-905-0931
(Issuer's telephone number, including area code)
Membership Interests:
| Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC | Landa App 3 LLC - 132 Cornelia Street Brooklyn NY LLC | |
| Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC | Landa App 3 LLC - 24 Ditmars Street Brooklyn NY LLC | |
| Landa App 3 LLC - 996 Greenwood Avenue NE Atlanta GA LLC | Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC |
(Title of each class of securities issued pursuant to Regulation A)
Item 9. Other Events
The following updates certain information found in the offering circular (the "Offering Circular") of Landa App 3 LLC (the "Company") filed June 28, 2023, which can be found here.
Mortgage Loan
As described in the Offering Circular for Landa App 3 LLC (the "Company"), each of the Company's series (each a "Series," and collectively the "Series") may seek to refinance any outstanding indebtedness. The Company has secured extension to the Landa Series LLC listed in the table below (the "Mortgage Loan").
| Series |
Loan Amount |
Interest Rate |
Origination Date |
Maturity Date |
||||||
| Landa App 3 LLC - 24 Ditmars Street Brooklyn NYC LLC | $ | 1,277,500 | 8.99% | 08/14/2024 | 09/01/2024 |
The foregoing is a summary of the terms of the Mortgage Loan and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the Mortgage Loans, a final copy of which is filed as Exhibit 6.1.
1
EXHIBITS
The following exhibit is filed herewith:
| Exhibit No. | Description | |
| 6.1 | Landa App LLC 3 - 24 Ditmars Street Brooklyn NY LLC Loan Extension |
2
SIGNATURE
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: August 28, 2024 | ||
| LANDA APP 3 LLC | ||
| By: |
Landa Holdings, Inc., as member manager |
|
| By: | /s/ Yishai Cohen | |
| Name: | Yishai Cohen | |
| Title: | Chairman, Chief Executive Officer, and President |