SEC Comment Letter for CONCREIT FUND I LLC (CIK 0001781324) — May 4, 2020
CONCREIT FUND I LLC (CIK 0001781324)
Date: May 4, 2020 · CIK: 0001781324 · Accession: 0000000000-20-003872
AI Filing Summary & Sentiment
File numbers found in text: 024-11171
Letter
United States securities and exchange commission logo May 4, 2020 Sean Hsieh Chief Executive Officer of Concreit Inc. Concreit Fund I LLC 1411 4th Avenue Seattle, Washington 98101 Re:Concreit Fund I LLC Amendment No. 2 to Offering Statement on Form 1-A Filed April 23, 2020 File No. 024-11171 Dear Mr. Hsieh: We have reviewed your amended offering statement and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe our 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 comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our March 12, 2020 letter. Amendment No. 2 to Form 1-A filed April 23, 2020 Management Compensation, page 4 1.Please revise the table on pages 4 and 37 to provide an estimated dollar amount of acquisition fees, assuming maximum targeted leverage. Please see CF Disclosure Guidance Topic No. 6 and disclosure contemplated by Item 4 of Guide 5 for guidance.
FirstName LastNameSean Hsieh Comapany NameConcreit Fund I LLC May 4, 2020 Page 2 FirstName LastName Sean Hsieh Concreit Fund I LLC May 4, 2020 Page 2 You may contact William Demarest at 202-551-3432 or Robert Telewicz at 202-551- 3438 if you have questions regarding comments on the financial statements and related matters. Please contact Jonathan Burr at 202-551-5833 or Pamela Long at 202-551-3765 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction
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United States securities and exchange commission logo
May 4, 2020
Sean Hsieh
Chief Executive Officer of Concreit Inc.
Concreit Fund I LLC
1411 4th Avenue
Seattle, Washington 98101
Re:Concreit Fund I LLC
Amendment No. 2 to
Offering Statement on Form 1-A
Filed April 23, 2020
File No. 024-11171
Dear Mr. Hsieh:
We have reviewed your amended offering statement and have the following comment. In
our comment, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe our 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 comment, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our March 12, 2020 letter.
Amendment No. 2 to Form 1-A filed April 23, 2020
Management Compensation, page 4
1.Please revise the table on pages 4 and 37 to provide an estimated dollar amount of
acquisition fees, assuming maximum targeted leverage. Please see CF Disclosure
Guidance Topic No. 6 and disclosure contemplated by Item 4 of Guide 5 for guidance.
FirstName LastNameSean Hsieh
Comapany NameConcreit Fund I LLC
May 4, 2020 Page 2
FirstName LastName
Sean Hsieh
Concreit Fund I LLC
May 4, 2020
Page 2
You may contact William Demarest at 202-551-3432 or Robert Telewicz at 202-551-
3438 if you have questions regarding comments on the financial statements and related
matters. Please contact Jonathan Burr at 202-551-5833 or Pamela Long at 202-551-3765 with
any other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction