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SEC Comment Letter 0000000000-24-007167 to RealtyMogul Income REIT, LLC (CIK 0001669664)

RealtyMogul Income REIT, LLC (CIK 0001669664)
Date: June 25, 2024 · CIK: 0001669664 · Accession: 0000000000-24-007167

AI Filing Summary & Sentiment

File numbers found in text: 024-11877

Date
June 25, 2024
Author
Not clearly detected
Form
UPLOAD
Company
RealtyMogul Income REIT, LLC (CIK 0001669664)

Letter

United States securities and exchange commission logo June 25, 2024 Jilliene Helman Chief Executive Officer RealtyMogul Income REIT, LLC 10573 W Pico Blvd, PMB #603 Los Angeles, CA 90064 Re:RealtyMogul Income REIT, LLC Offering Statement on Form 1-A Post-qualification Amendment No. 3 Response dated June 7, 2024 File No. 024-11877 Dear Jilliene Helman: We have reviewed your response and have the following comments. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to this letter, we may have additional comments. Correspondence submitted June 7, 2024 General 1.We note your distribution reinvestment plan. Please update your cover page to provide an allocation of the securities being offered pursuant to the distribution reinvestment plan. In addition, please revise to clarify how your activities will be done in compliance with Regulation A; for example, please ensure that your analysis and disclosure reflects: (i) confirmation that the distribution reinvestment plan securities are being offering pursuant to Rule 251(d)(3)(i)(B); (ii) confirmation that you will provide investors with a hyperlink to the current offering circular in connection with and at the time of any distribution reinvestment (refer to Rule 251(d)(1)(iii)); (iii) how you will comply with the investment limitations and qualifications for purchaser status set forth in Rule 251(d)(2)(i)(C) with respect to any securities purchased through your distribution reinvestment plan; and (iv) how you will ensure you are eligible to offer and sell securities pursuant to Regulation A at the time of such sales.

FirstName LastNameJilliene Helman Comapany NameRealtyMogul Income REIT, LLC June 25, 2024 Page 2 FirstName LastName Jilliene Helman RealtyMogul Income REIT, LLC June 25, 2024 Page 2 2.You propose to offer your existing investors the opportunity to purchase additional shares in your offering at regular intervals by participating in your “automatic investment program.” Please revise to clarify how your activities will be done in compliance with Regulation A; for example, please ensure that your analysis and disclosure reflects: (i) that you will obtain the affirmative consent from each holder prior to any and each share purchase made through your “automatic investment program”; (ii) confirmation that you will provide investors with a hyperlink to the current offering circular in connection with and at the time of any such additional monthly investment (refer to Rule 251(d)(1)(iii)); (iii) how you will comply with the investment limitations and qualifications for purchaser status set forth in Rule 251(d)(2)(i)(C) with respect to any share purchases made through your “automatic investment program”; and (iv) how you will ensure you are eligible to offer and sell securities pursuant to Regulation A at the time of such sales. We will consider qualifying your offering statement at your request. If a participant in your offering is required to clear its compensation arrangements with FINRA, please have FINRA advise us that it has no objections to the compensation arrangements prior to qualification. 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 Frank Knapp at 202-551-3805 or Wilson Lee at 202-551-3468 if you have questions regarding comments on the financial statements and related matters. Please contact Pearlyne Paulemon at 202-551-8714 or Brigitte Lippmann at 202-551-3713 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Lauren Prevost

Show Raw Text
United States securities and exchange commission logo
June 25, 2024
Jilliene Helman
Chief Executive Officer
RealtyMogul Income REIT, LLC
10573 W Pico Blvd, PMB #603
Los Angeles, CA 90064
Re:RealtyMogul Income REIT, LLC
Offering Statement on Form 1-A
Post-qualification Amendment No. 3
Response dated June 7, 2024
File No. 024-11877
Dear Jilliene Helman:
            We have reviewed your response and have the following comments.
            Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response. After
reviewing any amendment to your offering statement and the information you provide in
response to this letter, we may have additional comments.
Correspondence submitted June 7, 2024
General
1.We note your distribution reinvestment plan. Please update your cover page to provide an
allocation of the securities being offered pursuant to the distribution reinvestment plan. In
addition, please revise to clarify how your activities will be done in compliance with
Regulation A; for example, please ensure that your analysis and disclosure reflects: (i)
confirmation that the distribution reinvestment plan securities are being offering pursuant
to Rule 251(d)(3)(i)(B); (ii) confirmation that you will provide investors with a hyperlink
to the current offering circular in connection with and at the time of any distribution
reinvestment (refer to Rule 251(d)(1)(iii)); (iii) how you will comply with the investment
limitations and qualifications for purchaser status set forth in Rule 251(d)(2)(i)(C) with
respect to any securities purchased through your distribution reinvestment plan; and (iv)
how you will ensure you are eligible to offer and sell securities pursuant to Regulation A
at the time of such sales.

 FirstName LastNameJilliene  Helman
 Comapany NameRealtyMogul Income REIT, LLC
 June 25, 2024 Page 2
 FirstName LastName
Jilliene  Helman
RealtyMogul Income REIT, LLC
June 25, 2024
Page 2
2.You propose to offer your existing investors the opportunity to purchase additional shares
in your offering at regular intervals by participating in your “automatic investment
program.”  Please revise to clarify how your activities will be done in compliance with
Regulation A; for example, please ensure that your analysis and disclosure reflects: (i) that
you will obtain the affirmative consent from each holder prior to any and each share
purchase made through your “automatic investment program”; (ii) confirmation that you
will provide investors with a hyperlink to the current offering circular in connection with
and at the time of any such additional monthly investment (refer to Rule 251(d)(1)(iii));
(iii) how you will comply with the investment limitations and qualifications for purchaser
status set forth in Rule 251(d)(2)(i)(C) with respect to any share purchases made through
your “automatic investment program”; and (iv) how you will ensure you are eligible to
offer and sell securities pursuant to Regulation A at the time of such sales.
            We will consider qualifying your offering statement at your request. If a participant in
your offering is required to clear its compensation arrangements with FINRA, please have
FINRA advise us that it has no objections to the compensation arrangements prior to
qualification.
            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 Frank Knapp at 202-551-3805 or Wilson Lee at 202-551-3468 if you have
questions regarding comments on the financial statements and related matters. Please contact
Pearlyne Paulemon at 202-551-8714 or Brigitte Lippmann at 202-551-3713 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc:       Lauren Prevost