SEC Comment Letter for FUNDRISE BALANCED EREIT II, LLC (CIK 0001803986) — May 11, 2020
FUNDRISE BALANCED EREIT II, LLC (CIK 0001803986)
Date: May 11, 2020 · CIK: 0001803986 · Accession: 0000000000-20-004113
AI Filing Summary & Sentiment
File numbers found in text: 024-11163
Letter
United States securities and exchange commission logo May 8, 2020 Benjamin Miller Chief Executive Officer of Fundrise Advisors, LLC Fundrise Balanced eREIT II, LLC 11 Dupont Circle NW, 9th FL Washington, DC 20036 Re:Fundrise Balanced eREIT II, LLC Amendment No. 1 to Offering Statement on Form 1-A Filed May 1, 2020 File No. 024-11163 Dear Mr. Miller: We have reviewed your amended 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 amending your offering statement and providing the requested information. 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 any amendment to your offering statement and the information you provide in response to these comments, we may have additional comments. Amendment No. 1 to Offering Statement on Form 1-A filed May 1, 2020 General 1.We note your response to verbal comment 1 in your April 17, 2020 response letter. Please provide more detail about your decision to pause accepting new investments in your more mature eREITs and eFunds. Specifically, please identify the eREITs and eFunds that have paused accepting new investments, tell us in detail the reason why you decided to pause new subscriptions and for how long new subscriptions have been paused. In this regard, please also tell us whether there is anything preventing you from accepting new subscriptions. We may have further comment.
FirstName LastNameBenjamin Miller Comapany NameFundrise Balanced eREIT II, LLC May 8, 2020 Page 2 FirstName LastName Benjamin Miller Fundrise Balanced eREIT II, LLC May 8, 2020 Page 2 Appendix A, page A-1 2.Please update your prior performance tables to include information as of December 31, 2019. You may contact Paul Cline at 202-551-3851 or Jennifer Monick at 202-551-3295 if you have questions regarding comments on the financial statements and related matters. Please contact Jonathan Burr at 202-551-5833 or David Link at 202-551-3356 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Mark Schonberger
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United States securities and exchange commission logo
May 8, 2020
Benjamin Miller
Chief Executive Officer of Fundrise Advisors, LLC
Fundrise Balanced eREIT II, LLC
11 Dupont Circle NW, 9th FL
Washington, DC 20036
Re:Fundrise Balanced eREIT II, LLC
Amendment No. 1 to
Offering Statement on Form 1-A
Filed May 1, 2020
File No. 024-11163
Dear Mr. Miller:
We have reviewed your amended 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 amending your offering statement and providing the
requested information. 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 any amendment to your offering statement and the information you
provide in response to these comments, we may have additional comments.
Amendment No. 1 to Offering Statement on Form 1-A filed May 1, 2020
General
1.We note your response to verbal comment 1 in your April 17, 2020 response letter. Please
provide more detail about your decision to pause accepting new investments in your more
mature eREITs and eFunds. Specifically, please identify the eREITs and eFunds that have
paused accepting new investments, tell us in detail the reason why you decided to pause
new subscriptions and for how long new subscriptions have been paused. In this regard,
please also tell us whether there is anything preventing you from accepting new
subscriptions. We may have further comment.
FirstName LastNameBenjamin Miller
Comapany NameFundrise Balanced eREIT II, LLC
May 8, 2020 Page 2
FirstName LastName
Benjamin Miller
Fundrise Balanced eREIT II, LLC
May 8, 2020
Page 2
Appendix A, page A-1
2.Please update your prior performance tables to include information as of December 31,
2019.
You may contact Paul Cline at 202-551-3851 or Jennifer Monick at 202-551-3295 if you
have questions regarding comments on the financial statements and related matters. Please
contact Jonathan Burr at 202-551-5833 or David Link at 202-551-3356 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Mark Schonberger