SEC Comment Letter 0000000000-23-011468 to ETX Park Fund #2, LLC (CIK 0001966191)
ETX Park Fund #2, LLC (CIK 0001966191)
Date: Oct. 19, 2023 · CIK: 0001966191 · Accession: 0000000000-23-011468
AI Filing Summary & Sentiment
File numbers found in text: 024-12222
Letter
United States securities and exchange commission logo October 19, 2023 Brent Beal Chief Executive Officer ETX Park Fund #2, LLC 203 East Main, Suite 200 Nacogdoches, TX 75961 Re:ETX Park Fund #2, LLC Amendment No. 3 to Offering Statement on Form 1-A Filed October 10, 2023 File No. 024-12222 Dear Brent Beal: We have reviewed your amended offering statement and have the following comments. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe a 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 letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our September 6, 2023 letter. Offering Statement on Form 1-A filed October 10, 2023 Cover Page 1.We acknowledge your revised disclosure in response to prior comment 4. Please highlight the transfer restrictions on the cover page of your offering statement. Use of Proceeds, page 15 2.We acknowledge your revised disclosure in response to prior comment 3. We also refer to your revised disclosures elsewhere stating that the amount of the payment will be negotiated between Austin Bank and ETX Park Fund #1 LP. Please revise to clarify the amount on the lien if it is more than the amount you anticipate paying, which you state is $370,125, or otherwise explain why the amount to be repaid must be negotiated. Please also revise your use of proceeds disclosure to state that the land acquisition amount is intended to cover the Austin Bank lien held by ETX Park Fund #1 LP in its entirety.
FirstName LastNameBrent Beal Comapany NameETX Park Fund #2, LLC October 19, 2023 Page 2 FirstName LastName Brent Beal ETX Park Fund #2, LLC October 19, 2023 Page 2 Please contact Isabel Rivera at 202-551-3518 or Dorrie Yale at 202-551-8776 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Nicholas Antaki
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United States securities and exchange commission logo
October 19, 2023
Brent Beal
Chief Executive Officer
ETX Park Fund #2, LLC
203 East Main, Suite 200
Nacogdoches, TX 75961
Re:ETX Park Fund #2, LLC
Amendment No. 3 to Offering Statement on Form 1-A
Filed October 10, 2023
File No. 024-12222
Dear Brent Beal:
We have reviewed your amended offering statement and have the following comments.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a 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 letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our September 6, 2023 letter.
Offering Statement on Form 1-A filed October 10, 2023
Cover Page
1.We acknowledge your revised disclosure in response to prior comment 4. Please highlight
the transfer restrictions on the cover page of your offering statement.
Use of Proceeds, page 15
2.We acknowledge your revised disclosure in response to prior comment 3. We also refer to
your revised disclosures elsewhere stating that the amount of the payment will be
negotiated between Austin Bank and ETX Park Fund #1 LP. Please revise to clarify the
amount on the lien if it is more than the amount you anticipate paying, which you state is
$370,125, or otherwise explain why the amount to be repaid must be negotiated. Please
also revise your use of proceeds disclosure to state that the land acquisition amount is
intended to cover the Austin Bank lien held by ETX Park Fund #1 LP in its entirety.
FirstName LastNameBrent Beal
Comapany NameETX Park Fund #2, LLC
October 19, 2023 Page 2
FirstName LastName
Brent Beal
ETX Park Fund #2, LLC
October 19, 2023
Page 2
Please contact Isabel Rivera at 202-551-3518 or Dorrie Yale at 202-551-8776 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Nicholas Antaki