# EDGAR Filing Document

**Accession Number:** 0001965132
**File Stem:** 0001213900-23-024156
**Filing Date:** 2023-3
**Character Count:** 16768
**Document Hash:** 2d7f558db9b562432ed19486017d86ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-024156.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001213900-23-024156

**CONFORMED SUBMISSION TYPE**: 1-A/A

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Landa Financing LLC
- **CENTRAL INDEX KEY:** 0001965132
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **IRS NUMBER:** 922028006
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-A/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12193
- **FILM NUMBER:** 23776150

**BUSINESS ADDRESS:**
- **STREET 1:** 6 W 18TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011
- **BUSINESS PHONE:** 5108714317

**MAIL ADDRESS:**
- **STREET 1:** 6 W 18TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011

## Part

**<u>Explanatory Note</u>**

Landa Financing LLC (the "Company") has prepared this Form 1-A/A solely for the purpose of filing the exhibits set forth below.

**PART III—EXHIBITS**

**Index to Exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 2.1\* | [Certificate of Formation (incorporated by reference to the copy thereof filed as Exhibit 2.1 to the Company's Form 1-A dated March 22, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022142/ea175606ex2-1_landafinan.htm) |
| 2.2\* | [Form of Amended and Restated Operating Agreement (incorporated by reference to the copy thereof filed as Exhibit 2.2 to the Company's Form 1-A/A dated March 24, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022852/ea175737ex2-2_landafinan.htm) |
| 4.1\* | [Form of Subscription Agreement (incorporated by reference to the copy thereof filed as Exhibit 4.1 to the Company's Form 1-A/A dated March 24, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022852/ea175737ex4-1_landafinan.htm) |
| 6.1\* | [Shared Services Agreement (incorporated by reference to the copy thereof filed as Exhibit 6.1 to the Company's Form 1-A/A dated March 24, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022852/ea175737ex6-1_landafinan.htm) |
| 6.2\* | [Broker Dealer Agreement (incorporated by reference to the copy thereof filed as Exhibit 6.2 to the Company's Form 1-A/A dated March 24, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022852/ea175737ex6-2_landafinan.htm) |
| 10.1\* | [Power of Attorney (incorporated by reference to the copy thereof filed as Exhibit 10.1 to the Company's Form 1-A dated March 22, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022142/ea175606-1a_landafinancing.htm#power) |
| 11.1\* | [Consent of Goodwin Procter LLP (incorporated by reference to the copy thereof filed as Exhibit 11.1 to the Company's Form 1-A dated March 22, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022142/ea175606ex12-1_landafinan.htm) |
| 11.2\* | [Consent of Morison Cogen LLP (incorporated by reference to the copy thereof filed as Exhibit 11.2 to the Company's Form 1-A dated March 22, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022142/ea175606ex11-2_landafinan.htm) |
| 12.1\* | [Opinion of Goodwin Procter LLP as to the legality of the securities being qualified (incorporated by reference to the copy thereof filed as Exhibit 12.1 to the Company's Form 1-A dated March 22, 2023)](http://www.sec.gov/Archives/edgar/data/1965132/000121390023022142/ea175606ex12-1_landafinan.htm) |
| 99.1\*\* | [Correspondence Letter from the Securities and Exchange Commission sent to the Company March 16, 2023](ea176039ex99-1_landafinan.htm) |
| 99.2\*\* | [Correspondence by or on behalf of the Company previously sent to the Securities and Exchange Commission on March 22, 2023 pursuant to Rule 252(d)](ea176039ex99-2_landafinan.htm) |

---

\* Previously Filed

\*\* Filed Herewith

**SIGNATURES**

Pursuant to the requirements of Regulation A, Landa Financing LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on March 29, 2023.

---

| | | |
|:---|:---|:---|
| **LANDA FINANCING LLC** | **LANDA FINANCING LLC** | **LANDA FINANCING LLC** |
| By: | Landa Management LLC | Landa Management LLC |
| By: | Landa Holdings, Inc. | Landa Holdings, Inc. |
| By: | /s/ Yishai Cohen | /s/ Yishai Cohen |
|  | Name: | Yishai Cohen |
|  | Title: | Chairman, Chief Executive Officer and President |

---

This offering statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Yishai Cohen | Chairman, Chief Executive Officer, President, and | March 29, 2023 |
| Yishai Cohen | Director of Landa Holdings, Inc. |  |
|  | *(Principal Executive Officer)* |  |
| /s/ Charles Tomlinson | Head of Finance of Landa Holdings, Inc. | March 29, 2023 |
| Charles Tomlinson | *(Principal Financial Officer and Principal Accounting Officer)* |  |

---

## Add

![](ex99-1_001.jpg)

March 16, 2023

Yishai Cohen

Chief Executive Officer Landa Financing LLC

6 W. 18th Street, 12th Floor New York, NY 10011

---

| | |
|:---|:---|
| **Re:** | **Landa Financing LLC** |
|  | **Draft Offering Statement on Form 1-A <br> Submitted February 17, 2023** |
|  | **CIK No. 0001965132** |

---

Dear Yishai Cohen :

We have reviewed your draft offering statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by providing the requested information and either submitting an amended draft offering statement or publicly filing your offering statement on EDGAR. Please refer to Rule 252(d) regarding the public filing requirements for non-public submissions, amendments and correspondence. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing your amended draft offering statement or filed offering statement and the information you provide in response to these comments, we may have additional comments.

<u>Draft Offering Statement on Form 1-A Cover Page</u>

1. Your
disclosure states that the per share purchase price will be $10 for "approximately one year" and then your price will be
determined on or "about the first day of each month (or such other period as determined by our Manager in its sole discretion, but
no less frequently than annually) and will equal the Company's net asset value ("NAV"), divided by the number of Shares
outstanding as of the end of the immediately preceding month (such amount, the "NAV Per Share")." However, at the market
offerings are not permitted under Regulation A. See Rule 251(d)(3)(ii) of Regulation A. Therefore, please clarify when you expect to
calculate NAV Per Share.

Yishai Cohen

Landa Financing LLC March 16, 2023

<u>Signatures, page 107</u>

2. Please
add the signatures for the persons in the capacities of the company's principal executive officer, principal financial officer, principal
accounting officer, and a majority of the members of its board of directors. See instructions to signatures in Form 1-A.

Please contact Stacie Gorman at 202-551-3585 or Brigitte Lippmann at 202-551- 3713 with any other questions.

---

| | |
|:---|:---|
|  | Sincerely, |
|  | Division of Corporation Finance Office of Real Estate & Construction |
| cc: Mark Schonberger, Esq. |  |

---

## Add

---

| | |
|:---|:---|
| ![](ex99-2_001.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwin Procter LLP <br> The New York Times Building<br> 620 Eighth Avenue<br> New York, NY 10018<br> goodwinlaw.com <br> +1 212 813 8800 |

---

March 22, 2023

**<u>VIA EDGAR</u>**

U.S. Securities and Exchange Commission

Division of Corporation Finance – Office of Real Estate & Construction

100 F Street, N.E.

Washington, D.C. 20549-3010

---

| | |
|:---|:---|
| **Re:** | **Landa Financing LLC**<br> **Offering Statement on Form 1-A**<br> **Filed February 17, 2023**<br> **CIK No. 0001965132** |

---

Dear Staff of the Division of Corporation Finance:

This letter is submitted on behalf of Landa Financing LLC (the "***Company***") in response to a comment letter from the staff of the Division of Corporation Finance (the "***Staff***") of the Securities and Exchange Commission (the "***Commission***") dated March 16, 2023 (the "***Comment Letter***") with respect to the Company's Offering Statement on Form 1-A filed with the Commission on February 17, 2023 (the "***Offering Statement***"). The response provided is based upon information provided to Goodwin Procter LLP by the Company. The Company is concurrently filing an amended Offering Statement on Form 1-A (the "***Amended Offering Statement***"), which includes changes in response to the Staff's comments as well as other revisions.

For your convenience, the Staff's comments have been reproduced in bold italics herein with responses immediately following each comment. Unless otherwise indicated, page references in the Staff's comments refer to the Offering Statement, and page references in the responses refer to the Amended Offering Statement. Defined terms used herein but not otherwise defined have the meanings given to them in the Amended Offering Statement.

<u>Draft Offering Statement on Form 1-A</u>

<u>Cover Page</u>

&nbsp;&nbsp;&nbsp;&nbsp;***1.***  ***Your disclosure states that the per share purchase price will be $10 for "approximately one year" and then your price will be determined on or "about the first day of each month (or such other period as determined by our Manager in its sole discretion, but no less frequently than annually) and will equal the Company's net asset value ("NAV"), divided by the number of Shares outstanding as of the end of the immediately preceding month (such amount, the "NAV Per Share")." However, at the market offerings are not permitted under Regulation A. See Rule 251(d)(3)(ii) of Regulation A. Therefore, please clarify when you expect to calculate NAV Per Share.*** 

<u>Response to Staff Comment No. 1</u>

By permitting the Manager in the Offering Statement to exercise discretion to make changes to the pricing formulation, it was not the Company's intention for the Offering to be considered an "at the market" offering. Therefore, in response to the Staff's comment, the Company has determined to eliminate any discretion on the part of its Manager to change the pricing time periods, and has revised the Amended Offering Statement to reflect a fixed, quarterly pricing time period in relation to the pricing formulation of the Offering. Further and to the extent the Company determines in the future to set forth a different specified pricing period other than as stated in the Amended Offering Statement, the Company has revised the Amended Offering Statement to state that it will either terminate or amend this offering and file a new Offering Statement or Post Qualification Amendment in compliance with Regulation A.

<u>Signatures, page 107</u>

&nbsp;&nbsp;&nbsp;&nbsp;***2.***  ***Please add the signatures for the persons in the capacities of the company's principal executive officer, principal financial officer, principal accounting officer, and a majority of the members of its board of directors. See instructions to signatures in Form 1-A.*** 

<u>Response to Staff Comment No. 2</u>

In response to the Staff's comment, the Company has revised the Amended Offering Statement to include the signatures for the persons in the capacities of the Company's principal executive officer, principal financial officer, and principal accounting officer.

If you have any questions or would like further information concerning the Company's responses to the Comment Letter, please do not hesitate to contact me at (212) 813-8842.

---

| |
|:---|
| Sincerely, |
| /s/ Mark Schonberger |
| Mark Schonberger |

---

cc: Via E-mail

Yishai Cohen, Chief Executive Officer

Charles Tomlinson, Head of Accounting

Erick Posser, Esq., General Counsel

*Landa Holdings, Inc.*

Farnell Morisset, Esq.

Patrick Wilson, Esq.

*Goodwin Procter LLP*

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 1-A

### REGULATION A OFFERING STATEMENT
### UNDER THE SECURITIES ACT OF 1933

### Item 1. Issuer Information

**Exact name of issuer:** Landa Financing LLC

**Jurisdiction of Incorporation/Organization:** DE

**Year of Incorporation:** 2023

**CIK:** 0001965132

**I.R.S. Employer Identification Number:** 92-2028006

**Primary Standard Industrial Classification Code:** 6798

**Total number of full-time employees:** 0

**Total number of part-time employees:** 0

**Address of Principal Executive Offices:** 6 W. 18th Street, —, New York, NY 10011

**Company Phone:** 646-905-0931

**Person to contact:** Yishai Cohen

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount   |
|:---|:---|
| Cash and Cash Equivalents                | $0.00    |
| Investment Securities                    | $0.00    |
| Accounts and Notes Receivable            | $0.00    |
| Property, Plant and Equipment (PP&E)     | $0.00    |
| Total Assets                             | $0.00    |
| Accounts Payable and Accrued Liabilities | $0.00    |
| Long-Term Debt                           | $0.00    |
| Total Liabilities                        | $0.00    |
| Total Stockholders' Equity               | $0.00    |
| Total Liabilities and Equity             | $0.00    |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount   |
|:---|:---|
| Total Revenues                            | $0.00    |
| Costs and Expenses Applicable to Revenues | $0.00    |
| Depreciation and Amortization             | $0.00    |
| Net Income                                | $0.00    |
| Earnings Per Share - Basic                | 0.00     |
| Earnings Per Share - Diluted              | 0.00     |

**Auditor Information**

| Metric          | Amount            |
|:---|:---|
| Name of Auditor | Morison Cogen LLP |

### Outstanding Securities

| Class         |   Outstanding |     CUSIP | Publicly Traded   |
|:---|---:|---:|:---|
| Common Shares |             0 | 000000000 | n/a               |
| N/A           |             0 | 000000000 | n/a               |
| N/A           |             0 | 000000000 | n/a               |

### Item 2. Issuer Eligibility
- [x] The issuer certifies that all of the statements in this part are true.

### Item 3. Application of Rule 262
- [x] The issuer certifies that it is not disqualified and has not been involved in any disqualifying event.

### Item 4. Summary Information Regarding the Offering

**Tier:** Tier2

**Financial Statement Status:** Audited

**Type of Securities Offered:** Equity (common or preferred stock)

**Is this a delayed or continuous offering?** Yes

**Was or is the offering to take place within one year after qualification?** Yes

**Was or is the offering to commence within two days after qualification?** No

**Is this a best efforts offering?** Yes

**Was there any solicitation of interest?** No

**Are there any resale securities by affiliates of the issuer?** No

**Offering Amounts**

| Description                                                     | Amount       |
|:---|:---|
| Number of securities offered                                    | 7500000      |
| Number of securities outstanding                                | 0            |
| Price per security                                              | $10.00       |
| Issuer's aggregate offering price                               | $75000000.00 |
| Aggregate offering price of securities held by security holders | $0.00        |
| Aggregate price of securities offered concurrently              | $0.00        |
| Total aggregate offering price                                  | $75000000.00 |

**Anticipated Fees**

| Service Provider   | Name                | Fees   |
|:---|:---|:---|
| Auditor            | Morison Cogen LLP   | $0.00  |
| Legal              | Goodwin Procter LLP | $0.00  |
| Promoters          |  |  |

**Estimated Net Proceeds to the Issuer:** $74750000.00

### Item 5. Jurisdictions in Which Securities are to be Offered

- All States and Territories