Correspondence 0001104659-25-026587 from Groundfloor Yield LLC (CIK 0001810007)
Groundfloor Yield LLC (CIK 0001810007)
Date: March 21, 2025 · CIK: 0001810007 · Accession: 0001104659-25-026587
AI Filing Summary & Sentiment
File numbers found in text: 024-12530
Letter
Via Edgar Correspondence Division of Corporate Finance Attention: Ms. Pam Howell and Ms. Brigitte Lippmann Office of Real Estate and Construction Re: Groundfloor Yield LLC Offering Statement on Form 1-A Submitted November 14, 2024, as amended January 27, February 24 and March 18, 2025 File No. 024-12530
Dear Ms. Howell and Ms. Lippmann:
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 March 25, 2025, 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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600 Peachtree Street, Suite 810
Atlanta, GA 30308
Nick Bhargava
nick@groundfloor.us
(404) 850-9225
March 21, 2025
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. Pam Howell and Ms. Brigitte Lippmann
Office of Real Estate and Construction
Re:
Groundfloor Yield LLC
Offering Statement on Form 1-A
Submitted November 14, 2024, as amended January 27, February 24 and
March 18, 2025
File No. 024-12530
Dear Ms. Howell and Ms. Lippmann:
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 March 25, 2025, 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.