SEC Comment Letter 0000000000-23-000031 to Fundhomes I, LLC (CIK 0001936818)
Fundhomes I, LLC (CIK 0001936818)
Date: Jan. 3, 2023 · CIK: 0001936818 · Accession: 0000000000-23-000031
AI Filing Summary & Sentiment
File numbers found in text: 024-11939
Referenced dates: November 14, 2022
Letter
United States securities and exchange commission logo January 3, 2023 Ming Zhu Chief Executive Officer Fundhomes 1, LLC 1700 Westlake Ave. N., Suite 200 Seattle, WA 98109 Re:Fundhomes 1, LLC Amendment No. 5 to Offering Statement on Form 1-A Filed December 19, 2022 File No. 024-11939 Dear Ming Zhu: 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 December 14, 2022 letter. Amended Offering Statement on Form 1-A General 1.We note your response to comment 1. Please revise the Summary, Risk Factors and where appropriate to clarify the maximum time period during which an investor's funds could be held pending a closing, whether or not the investor's subscription is accepted or rejected. In this regard, we note you retain discretion regarding closings and the ability to terminate the offerings, including in the event of the Company not raising enough capital prior to the date on which the property purchase is scheduled to close or the termination of the applicable purchase and sale agreement. Refer to prior comment 1 from our letter dated November 14, 2022.
FirstName LastNameMing Zhu Comapany NameFundhomes 1, LLC January 3, 2023 Page 2 FirstName LastName Ming Zhu Fundhomes 1, LLC January 3, 2023 Page 2 You may contact Howard Efron at 202-551-3439 or Wilson Lee at 202-551-3468 if you have questions regarding comments on the financial statements and related matters. Please contact Ruairi Regan at 202-551-3269 or James Lopez at 202-551-3536 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Jason Powell, Esq.
Show Raw Text
United States securities and exchange commission logo
January 3, 2023
Ming Zhu
Chief Executive Officer
Fundhomes 1, LLC
1700 Westlake Ave. N., Suite 200
Seattle, WA 98109
Re:Fundhomes 1, LLC
Amendment No. 5 to Offering Statement on Form 1-A
Filed December 19, 2022
File No. 024-11939
Dear Ming Zhu:
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 December 14, 2022 letter.
Amended Offering Statement on Form 1-A
General
1.We note your response to comment 1. Please revise the Summary, Risk Factors and
where appropriate to clarify the maximum time period during which an investor's funds
could be held pending a closing, whether or not the investor's subscription is accepted or
rejected. In this regard, we note you retain discretion regarding closings and the ability to
terminate the offerings, including in the event of the Company not raising enough capital
prior to the date on which the property purchase is scheduled to close or the termination of
the applicable purchase and sale agreement. Refer to prior comment 1 from our letter
dated November 14, 2022.
FirstName LastNameMing Zhu
Comapany NameFundhomes 1, LLC
January 3, 2023 Page 2
FirstName LastName
Ming Zhu
Fundhomes 1, LLC
January 3, 2023
Page 2
You may contact Howard Efron at 202-551-3439 or Wilson Lee at 202-551-3468 if you
have questions regarding comments on the financial statements and related matters.
Please contact Ruairi Regan at 202-551-3269 or James Lopez at 202-551-3536 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Jason Powell, Esq.