Correspondence 0001104659-23-069275 from Groundfloor Yield LLC (CIK 0001810007)
Groundfloor Yield LLC (CIK 0001810007)
Date: June 8, 2023 · CIK: 0001810007 · Accession: 0001104659-23-069275
AI Filing Summary & Sentiment
File numbers found in text: 024-11411
Letter
Via Edgar Correspondence Division of Corporate Finance Attention: Ms. Pearlyne Paulemon and Ms. Pam Howell Office of Real Estate and Commodities Re: Groundfloor Yield LLC Post-Qualification Amendment Offering Statement on Form 1-A Filed June 8, 2023 File No. 024-11411
Dear Ms. Paulemon and Ms. Howell:
Pursuant to Rule 252(e) of the Securities Act of 1933, as amended, Groundfloor Yield LLC (the “Company”), hereby requests acceleration of the qualification date of the above-referenced offering statement to 4:00 p.m., Eastern Time, on June 14, 2023, or as soon thereafter as is practicable.
The Company also wishes to advise the Staff that it acknowledges the following:
· Should the Commission or the Staff, acting pursuant to delegated authority, qualify the filing, it does not foreclose the Commission from taking any action with respect to the filing;
· The action of the Commission or the Staff, acting pursuant to delegated authority, in qualifying the filing, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and
· The Company may not assert Staff comments and/or qualification as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Sincerely,
/s/ Nick Bhargava
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CORRESP
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filename1.htm
600 Peachtree Street, Suite 810
Atlanta, GA 30308
Nick Bhargava
nick@groundfloor.us
(404) 850-9225
June
8, 2023
Via
Edgar Correspondence
U.S. Securities and Exchange Commission
Division of Corporate Finance
100 F Street, N.E.
Washington, D.C. 20549-6010
Attention: Ms. Pearlyne Paulemon and Ms. Pam Howell
Office of Real Estate and Commodities
Re:
Groundfloor Yield LLC
Post-Qualification Amendment Offering Statement on Form 1-A
Filed June 8, 2023
File No. 024-11411
Dear Ms. Paulemon and Ms. Howell:
Pursuant to Rule 252(e) of the Securities Act of 1933, as amended,
Groundfloor Yield LLC (the “Company”), hereby requests acceleration of the qualification date of the above-referenced
offering statement to 4:00 p.m., Eastern Time, on June 14, 2023, or as soon thereafter as is practicable.
The Company also wishes to advise the Staff that it acknowledges the
following:
· Should the Commission or the Staff, acting pursuant to delegated authority, qualify the filing, it does not foreclose the Commission
from taking any action with respect to the filing;
· The action of the Commission or the Staff, acting pursuant to delegated authority, in qualifying the filing, does not relieve the
Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and
· The Company may not assert Staff comments and/or qualification as a defense in any proceeding initiated by the Commission or any person
under the federal securities laws of the United States.
Sincerely,
/s/ Nick Bhargava
Nick Bhargava
Executive Vice President, Secretary, and Acting Chief Financial Officer of Groundfloor Finance, Inc., the manager of Groundfloor Yield LLC
cc:
Brian Dally, Chief Executive Officer of Groundfloor Finance, Inc.
Brian S. Korn, Manatt, Phelps & Phillips, LLP, Counsel for Groundfloor Finance, Inc.