# EDGAR Filing Document

**Accession Number:** 0002066337
**File Stem:** 0000000000-25-006828
**Filing Date:** 2025-6
**Character Count:** 6054
**Document Hash:** dc3ed8bab08d58efb633cbb7a46b8dc4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-006828.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000000000-25-006828

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250627

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CNL Strategic Residential Credit, Inc.
- **CENTRAL INDEX KEY:** 0002066337
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 333001463
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 000-56755

**BUSINESS ADDRESS:**
- **STREET 1:** 450 SOUTH ORANGE AVE
- **STREET 2:** SUITE 1400
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32801
- **BUSINESS PHONE:** 4076501000

**MAIL ADDRESS:**
- **STREET 1:** 450 SOUTH ORANGE AVE
- **STREET 2:** SUITE 1400
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32801
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001999371-25-007032

## Text-Extract

```

                                                             June 27, 2025

Chirag Bhavsar
Chief Executive Officer
CNL Strategic Residential Credit, Inc.
450 South Orange Avenue, Suite 1400
Orlando, Florida 32801-3358

       Re: CNL Strategic Residential Credit, Inc.
           Form 10-12G
           Filed on June 2, 2025
           File No. 000-56755
Dear Chirag Bhavsar:

       We have reviewed your filing and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

         After reviewing your response and any amendment you may file in
response to this
letter, we may have additional comments.

Form 10-12G filed on June 2, 2025
Share Repurchase Plan, page 27

1.     We note your disclosure on pages 27-28 and 125 that you will use
periodic NAV
       pricing for both your offerings and share repurchase plan. Please
clarify both
       discussions how you will communicate the prior period   s NAV for the
various classes
       of shares. Further, in the event of adjustments to the offering price
prior to acceptance
       of subscriptions, please clarify how investors can check for an adjusted
offering price
       prior to the closing date of their subscription.
2.     Please be advised that you are responsible for analyzing the
applicability of the tender
       offer rules, including Rule 13e-4 and Regulation 14E, to your share
repurchase plan.
       We urge you to consider all the elements of your share repurchase plan
in determining
       whether the program is consistent with relief granted by the Division of
Corporation
       Finance in prior no action letters. To the extent you are relying on
Blackstone Real
       Estate Income Trust, Inc. (Letter dated September 12, 2016), Rich Uncles
NNN REIT,
       Inc. (Letter dated December 21, 2016), Hines Global REIT II, Inc.
(Letter dated April
 June 27, 2025
Page 2

       26, 2017), or Black Creek Diversified Property Fund Inc. (Letter dated
September 1,
       2017), please provide us with an analysis as to how your program is
consistent with
       such relief. To the extent you have questions as to whether the program
is entirely
       consistent with the relief previously granted by the Division of
Corporation Finance,
       you may contact the Division   s Office of Mergers and Acquisitions at
202-551-3440.
3.     Please be advised that you are responsible for analyzing the
applicability of
       Regulation M to your share repurchase plan. We urge you to consider all
the elements
       of your share repurchase plan in determining whether the program is
consistent with
       the class relief granted by the Division of Market Regulation in the
class exemptive
       letter granted Alston & Bird LLP dated October 22, 2007. To the extent
you have
       questions as to whether the plan is entirely consistent with that class
exemption, you
       may contact the Division of Trading and Markets at 202-551-5777.
Risk Factors, page 57

4.     Please add risk factor disclosure highlighting the risk that in certain
circumstances,
       you can exceed the limitation in your charter on borrowing in excess of
300% of the
       value of your net assets, as noted on page 13.
Security Ownership of Certain Beneficial Owners and Management, page 107

5.     Please identify the natural person or persons who, directly or
indirectly, exercise sole
       or shared voting and/or investment powers with respect to the shares
held by CNL
       Residential Credit Manager, LLC and Balbec Capital Holdings, L.P.
Notes on Financial Statements
6. Subsequent Events, page F-5

6.     We note you have reviewed subsequent events through May 15, 2025, which
precedes
       the date of the report from your independent registered public
accounting firm. Please
       tell us what consideration you gave to evaluating subsequent events
through the audit
       report date noted. Refer to ASC 855-10-25.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Please contact Babette Cooper at 202-551-3396 or Mark Rakip at
202-551-3573 if
you have questions regarding comments on the financial statements and related
matters. Please contact David Link at 202-551-3356 or Mary Beth Breslin at
202-551-3625
with any other questions.

                                                             Sincerely,

                                                             Division of
Corporation Finance
                                                             Office of Real
Estate & Construction
cc:   Jason Myers

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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